Claudia Sahm @Claudia_Sahm
macro, Fed, fiscal, inequality. founder of Sahm Consulting. former Fed economist. creator of the Sahm rule, a recession indicator. claudiasahm.com Joined June 2014-
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19K Followers 8K Following Distinguished McKnight University Professor, University of Minnesota. Get my book Doing Economics: https://t.co/dwXPqP3IJDMike Konczal @mtkonczal
52K Followers 1K Following Special Assistant to the President, National Economic Council. Former macro, @RooseveltInst. Liberal. #Rstats fan. Dad. Chicago guy. Personal account.SMA 🏴☠️ @generic_void
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@Claudia_Sahm Oh no! People are assholes. You’re one of the shining stars in this hellscape. I am truly sorry if we will lose the benefit of your insight and intellect here.
@Claudia_Sahm I knew of you for a short time and nothing that I saw deserved hate So maybe I should give it more time /s But I thought both your contributions and your stories were beautiful and inspiring to read, motivated by both rigor and compassion I look forward to more, wherever they go.
@Claudia_Sahm Sad to see you go. This site needs more great economists, not less
@Claudia_Sahm I clearly missed something, but are you leaving Twitter for good more or less? Shame, if so, I’ve appreciated the short time I’ve followed you.
@Claudia_Sahm This makes me sad. You don’t deserve the hate and I enjoy your work very much. Looking forward to following you elsewhere.
@Claudia_Sahm I’m sorry you’ve been targeted, I’m sorry about the haters. I’ve valued your presence, your thoughts, analysis, and crusades. I wish you wouldn’t go.
@Claudia_Sahm ...with, of course, your 48th birthday being THE most prominent.
@Claudia_Sahm You are a great follow. I will miss your tweets. Be well.
From my work with Bernanke and 10 central banks. The effects of each price shock were indeed surprisingly transitory (largely anchored expectations, small second round effects, little catch up), but the sequence of adverse shocks was much longer than had been anticipated.
Riccardo’s definition must be the correct one. And the evidence suggests: US: not transitory Eurozone: probably not transitory UK: not transitory
Incomes are higher than they've ever been, wages have been growing faster than inflation, households are more financial stable than they have been for a decade, but the price of taquitos is still high, so who can say whether the economy is good or bad
And while we're on the topic, "living paycheck-to-paycheck" is a poorly-defined concept reported by a private survey of unclear quality. Using the Fed's Survey of Consumer Finances, I calculate that the typical US hhld has cash equal to 5 weeks of income, the highest on record.
The “everything sucks” doomerism of the far left and right is wrong. Worse, it needlessly radicalizes people. Today is better than yesterday and tomorrow is going to be even better. So here’s a list of 50 areas where we're seeing progress. 1/
@Claudia_Sahm Demonstrable lies should not be protected speech—no matter how many bullies repeat them.
@Claudia_Sahm Yeesh. Take a break. Pet Puffi. The wreckage will still be here when you return.
@Claudia_Sahm You’re not wrong. This place is a cesspit. Where can we follow you on the outside?
@Claudia_Sahm @chheinzel It's an Alice fact. The right obviously can't acknowledge the labor market is pretty good and left wing activists have spent decades talking about how awful the US is and acknowledging progress takes the wind out of their sails