Jeffrey Sachs on tariffs: "If you take your credit card and you go shopping and you run up a large credit card debt, you’re running a trade deficit with all those shops. Now, it would be pretty strange if you then blamed all the shop owners for having sold you all those things."
Despite a decent auction, the 30-year Treasury yield rose 6 bps to 4.849% on Thursday.
Yields are up every day this week by a cumulative 0.458 percentage point, the largest four-day yield gain since March 18, 2020.
Meanwhile, the dollar weakened nearly 1.6% on the day.
From…
I can confirm I've replicated the CEA calculation for the so-called "tariffs charged to the USA" on these charts.
It is the Census FT900 trade data, exhibit 4, for year 2024, and the formula is MAX(10%,(imports-exports)/imports) per-country on a customs basis.
679K Followers 1K FollowingAward winning football account. Team of 5 elite reporters. Contact @indykbusiness or [email protected]. 18+ https://t.co/UvrNCdPdJv @Rainbetcom
247K Followers 74 FollowingPentagon Pizza Report: Open-source tracking of pizza spot activity around the Pentagon (and other places). Frequent-ish updates on where the lines are long.
3K Followers 666 FollowingPM - Global Head of Intra & Cross Market Orgy Trading. Forbes 69 under 69. TED Speaker in Sexual Convexity. Allergic to charlatans. PhD in Deez Nutzsonomics.
6K Followers 10 FollowingThe Budget Lab at Yale is a non-partisan policy research center dedicated to providing in-depth analysis of federal proposals for the American economy.
954K Followers 765 FollowingProfessor at NYU. Chief AI Scientist at Meta.
Researcher in AI, Machine Learning, Robotics, etc.
ACM Turing Award Laureate.
49K Followers 6K FollowingPolitics, elections, stuff. Bad speller. KISS fan, all around pop culture guy. Be prepared for bad food takes #ActuallyAutistic🧙♂️🗺️ He/Him
7K Followers 41 FollowingPredicting elections since time began (2017). This is the official account. Run by friends of the channel, not @ethanckelly. Retweet ≠ endorsement.
5K Followers 5K FollowingEducator, Scientist.
Sports & Political Data Analyst.
Other social media: RealCarlAllen
📖 Book: *The Polls Weren't Wrong* out now
45K Followers 4K Followingshe/her | Chair of the North Carolina Democratic Party. “Where the weak grow strong and the strong grow great.” follow us 👉 @NCDemParty! #RuralMatters
308K Followers 1K FollowingCampaign Manager and White House Senior Advisor for Barack Obama. Senior Advisor for Kamala Harris for President. Strategist, analyst and occasional author.
122K Followers 542 FollowingTuesday-Friday at 9pm ET on @MSNBC | “Say More: Lessons from Work, the White House, and the World” available everywhere on paperback
3K Followers 996 FollowingPolitics obsessed Wisconsinite, digging into the data. A progressive, punster patriot defeating bad guys in 17 of the last 21 statewide elections. he/him
3K Followers 161 FollowingThe streets were dark with something more than night
🗳️Elections, ⚙️manufacturing, 🌍geopolitics, ⚽️football 🗺️geolocations and shitposting