nnnn.bsky.social
Music/audio producer, econ nerd. Los Angeles
16 posts
8 followers
32 following
Conversation Starter
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What of the stock buyback idea?
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Wasn’t there a google memo that leaked about this? I remember it made waves and that was before Musk….
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The sooner we accept that his superpower has always been bull shitting / selling / conning, the sooner we accept that he actually doesn’t have to do a goddamn thing (eg empty tariff wars).He just has to monopolize airwaves (✅) and continue on bullshitting. It’s what he’s always done and yet it works
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RIP comparative advantage.
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That’s a fair point. And to answer your question, I don’t know other than to say perhaps another byproduct was a necessary slowdown of momentum.
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Yes of course. But zero rates clearly had an affect as do 4% vs 5.5% FFR. Byproducts vs mandate.
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Just thinking in terms of home prices — that upwards momentum needed to change and it did. Prices are arguably too high, as people like Bill McBride have stated, at least when looking at long-term home appreciation trends. Would the price momentum have slowed as much without the extra 150 bp?
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Ok but one could argue the housing market needed the higher rate to not get unhealthier.
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Always discounted: 40% of US stock owned by foreigners.
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Or lower earning folks. You ever play with a tax calculator showing what TCJA saved people as a % of gross income? Highly recommend. It’s pretty regressive.
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If only it wasn’t the 3rd rail of CA politics…
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Fascinating. What’s the source for the chart?
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Housing really the bright spot. Holding the fort down so to speak.
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Not sure Trump voters want to consolidate and concentrate wealth and power further, but here we are. 🤷🏻♂️
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I find myself wondering what the actual appetite is among R’s for fiscal expansion. There’s only so much cutting of programs you can do before people turn on you. Kinda feels like we’re close to peak deficit and with high yields, I’m skeptical of anything happening beyond extending the TCJA.
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With a higher deficit as a percentage of gdp as well