Dom White
@domw
Chief economist at Absolute Strategy Research in London. But all of the nonsense I spout on here is mine and mine alone. RTs are not endorsements unless they are.
I start to find myself begrudgingly agreeing with Kevin Warsh when I see a perceived reaction function that amounts to: oil price up = hike; oil price down = don't hike.
"Quick, we need a picture of John Williams for an article about the Fed's balance sheet"
This would seem to suggest that you think lower nominal prices are a good thing.
Foreigners bought a cool $1.1tn of US equities in the year to March, more than offsetting a decline in Treasury purchases.
What do you mean by AI specific? Agree that there’s been a recovery in blue collar / cyclical jobs, which I’d attribute to a fading tariff effect. The DOGE effect has gone away too.
Although anyone who has spent time watching the Bank of England recently will probably find this quite amusing:
Very much enjoying @katie0martin.ft.com throwing shade on the Gilt doomers this morning.
Three charts, since the UK's fiscal position is in the news (again). Any discussion of this issue really needs to recognise (i) the long average maturity of UK government debt, and (ii) the tightening already baked into the UK government's fiscal plans. (1/4)
Do you know if the chart uses Oxford Economics forecasts for both of the variables? Because it looks quite different if you use IMF numbers instead.
Wow, it must be quite painful for the Americans not to be home to any of the world’s top 5 burgers.