Josh Bailey @joshbailey.bsky.social · 08/05/2025Interesting that Lutnick seems to have been lead on the UK deal but Bessent is driving the China engagement, with Greer working to both of them (Greer in the Oval with Lutnick now but also travelling to Geneva with Bessent). 000
Josh Bailey @joshbailey.bsky.social · 07/05/2025March trade data shows tariffs rising even before April 2nd 020
Reposted by Josh BaileyArchie Hall @archiehall.bsky.social · 05/03/2025Feeling a lot of Brexit deja vu in how American businesses are talking about tariff risk, and the political uncertainty around it. Worth remembering how that ended up going for Britain... 173
Reposted by Josh BaileyDom White @domw.bsky.social · 04/03/2025OK, so we got another move lower in the GDPNow forecast yesterday. One that was unrelated to the trade data, leaving the tracking estimate of personal consumption at zero growth in the first quarter. I'm still inclined to think this overstates how quickly the economy weakened. Some notes ... 15816
Reposted by Josh BaileyOwen Winter @owenwntr.bsky.social · 04/03/2025Should a waited a few hours to post this 0306
Reposted by Josh BaileyOwen Winter @owenwntr.bsky.social · 28/02/2025After the AfD's surge on Sunday, far right parties are the most voted-for of any grouping in Europe, for the first time in history: www.economist.com/graphic-deta... 48639278
Reposted by Josh BaileyAlex Selby-Boothroyd @alexselbyb.bsky.social · 11/02/2025New achievement unlocked! Emilia Pérez is now IMDb's lowest-rated Best Picture nominee of all time, an honour it shares with In Old Arizona (1928) 2103
Reposted by Josh BaileyKimberly Clausing @kclausing.bsky.social · 10/02/2025In light of latest of steel/aluminum tariff threats, it's a good time to review the evidence. This work finds job losses in metals-using sectors outweigh job gains in metal sectors ~75 to 1. Steel Tariffs and U.S. Jobs Revisited econofact.org/steel-tariff... via @econofact.bsky.socialeconofact.orgSteel Tariffs and U.S. Jobs Revisited | EconofactThe 2018 tariffs raised domestic steel prices, putting downstream U.S. manufacturing firms at a disadvantage relative to foreign competition. 18546
Reposted by Josh BaileyJón Steinsson 🗽 @jonsteinsson.bsky.social · 23/09/2023I recently did some "level accounting" for a few European countries as part of an update of some teaching material. TFP in Europe has really collapsed relative to the US since 2000. Quite striking. (I "account" for differences in K/Y and hours per working-age person in this exercise.) 2174