Ernie Tedeschi @ernietedeschi Twitter profile

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Ernie Tedeschi

4 years

Speaking of jobs day, some professional news. Beginning March 15, I'll be joining @WhiteHouseCEA as a Senior Policy Economist. I am thrilled, humbled, & privileged to get to work with @CeciliaERouse , @hboushey46 , @econjared46 , @marthagimbel , and so many other brilliant people.

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Ernie Tedeschi

@ernietedeschi

3 months

OK you've convinced me. Let's do it.

Amazing Maps

@amazingmap

3 months

Chile is so long that it could serve as a bridge connecting Spain to Canada across the Atlantic Ocean

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Ernie Tedeschi

@ernietedeschi

19 days

“I have the concepts of a plan and you will be hearing more in the near future.”

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Ernie Tedeschi

@ernietedeschi

5 months

Would rather live in Detroit today than Rome 2000 years ago and it’s not a particularly close call.

𝐓𝐡𝐞 𝐀𝐫𝐭 𝐨𝐟 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 🇺🇸

@creation247

5 months

What happened to our cities?

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Ernie Tedeschi

@ernietedeschi

2 months

The Biden-Harris Administration literally expanded the Child Tax Credit to $3,000 per kid ($3,600 per child under 6) in 2021 and made it fully refundable that year, cutting child poverty to its lowest rate ever. They've been pushing Congress for a permanent expansion ever since.

TheBlaze

@theblaze

2 months

JD Vance: “Why do we have the Harris campaign coming out saying we should not have the child tax credit, which lowers tax rates for parents of young children? Democrats have become anti-family. It’s built into their policy. It’s time we called that out.”

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Ernie Tedeschi

@ernietedeschi

7 months

There have been few moments in American history where the "are you better off than four years ago" question has been so trivially easy as now.

Jamie Dupree

@jamiedupree

7 months

Four years ago today I went to the grocery store.

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Ernie Tedeschi

@ernietedeschi

8 months

This writer’s last 24 hours have been a living, breathing Civ V cultural defeat.

Bruno Maçães

@MacaesBruno

8 months

I see that people are telling me there is a Starbucks in Paris as evidence of American cultural power. My friends, that’s nonsense. First, Starbucks is if anything evocative of European coffeehouse culture. Second…

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Ernie Tedeschi

@ernietedeschi

26 days

Now that's mission creep.

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Ernie Tedeschi

@ernietedeschi

1 year

@AlanMCole The only other brand reversal I can think of that comes close is Walkman -> iPod

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Ernie Tedeschi

@ernietedeschi

2 years

Begging people to read a single economic history book.

Trad West

@trad_west_

2 years

Medieval Peasants: 1. Worked less hours than you. 2. Had longer vacations than you 3. Likely had a bigger house than you. 4. Definitely had higher T. 5. Ate better food than you. 6. Paid way less taxes. 7. Rarely saw their "boss" Who's really living in the dark ages?

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Ernie Tedeschi

@ernietedeschi

4 years

Actual and projected data on US capitas per capita since 1790.

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Ernie Tedeschi

@ernietedeschi

4 years

Here's a pre-buttal on some takes we're sure to see on this new stimulus package: 1. Stimulus checks are only around 1/5 of the total bill. 2. UI in America typically pays around 50% of pre-layoff wages, though it varies. With this extra $300/week, that will be ~85%. 1/X

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Ernie Tedeschi

@ernietedeschi

25 days

@lionel_trolling Pretty much this in reverse.

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Ernie Tedeschi

@ernietedeschi

2 months

One excuse you hear from American city planners about why Europe has so many more pedestrian-friendly areas is that European cities are older. But a lot of Europe's biggest pedestrian successes are recent modern conversions, not centuries-old traditional uses.

Brent Toderian

@BrentToderian

2 months

One of the most successful pedestrian streets in the world, the Strøget in Copenhagen was filled with cars until a 2 year pilot project in 1962. The opposition argued “no cars means no business” but the street has been a massive retail success, the city’s busiest shopping street.

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Ernie Tedeschi

@ernietedeschi

3 months

There's a key flaw in the argument that deporting immigrants will lower housing costs:

JD Vance

@JDVance

3 months

Not having 20 million illegal aliens who need to be housed (often at public expense) will absolutely make housing more affordable for American citizens. But I see the left’s strategy of making fun of people for suffering under Biden policies continues apace.

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Ernie Tedeschi

@ernietedeschi

2 months

What is the "strategic" purpose to the United States of buying $69 billion worth of Bitcoin, other than driving the price up for existing owners? It's a speculative asset that's nonessential to the functioning of the financial system.

The Block

@TheBlock__

2 months

Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $69 billion: Bitcoin 2024

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Ernie Tedeschi

@ernietedeschi

2 months

However you feel about Joe Biden, this was clearly an excruciatingly difficult decision that in the end demanded an uncommon amount of humility, selflessness, and patriotism.

Joe Biden

@JoeBiden

2 months

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Ernie Tedeschi

@ernietedeschi

3 years

This deserves a Pulitzer.

ℳatt

@matttomic

3 years

Fun little trick in the Sunday New York Times crossword yesterday: the central theme clue was "The better of two sci-fi franchises", and regardless of whether you put Star Wars or Star Trek, the crossing clues worked

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Ernie Tedeschi

@ernietedeschi

4 months

I was helping my son do research for a report on the discovery of the Titanic in September 1985, and ran across this fascinating article about that month's employment release. For reference, the unemployment rate today is 3.9%.

Dean Baker

@DeanBaker13

4 months

Fun fact for the day: The average unemployment rate under Biden is lower than the lowest unemployment rate during the Reagan "boom."

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Ernie Tedeschi

@ernietedeschi

3 years

A small American town of around 50,000 was able to build a high-speed monorail for $3 million and in a matter of mere weeks. This was considered normal in the 90s when the show began.

financial wizard in training ✝️🇺🇸

@wiz_train

3 years

The Simpsons own this home on a single salary from a husband who didn't go to college This was considered normal in the 90s when the show began

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Ernie Tedeschi

@ernietedeschi

1 month

It never occurs to some folks that there are dedicated public servants who have transparent procedures in place to regularly update free, public economic data not because they're motivated by politics or profit, but because they want to give the public the best answer possible.

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Ernie Tedeschi

@ernietedeschi

4 years

Breaking down the effect of government benefits on average household income over the past 9 months. Or, It Wasn't Just A $1,200 Check, Chart Edition

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Ernie Tedeschi

@ernietedeschi

5 years

Of all 45 presidents I'd place the highest odds on Trump having personally paid for an abortion.

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Ernie Tedeschi

@ernietedeschi

3 years

Our school just canceled a *virtual* day on account of snow.

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Ernie Tedeschi

@ernietedeschi

4 years

This is how one good jobs report can turn into a nightmare scenario.

Jeff Stein

@JStein_WaPo

4 years

Senate Republican aide on today's job report: "This definitively kills any chance of trillions of new spending"

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Ernie Tedeschi

@ernietedeschi

1 month

Actually Europe is not more fascist and communist than North Korea and China combined.

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Ernie Tedeschi

@ernietedeschi

19 days

The strongest evidence ABC is biased against Trump is that they let him keep talking.

Geoffrey Skelley

@geoffreyvs

19 days

Trump is getting *a lot* more time to talk in this debate

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Ernie Tedeschi

@ernietedeschi

7 months

Today is my last day as Chief Economist at @WhiteHouseCEA . I will miss this beautiful view from my office. But more so, I will miss working with so many dedicated and brilliant people. Serving in this Administration with them has been the privilege of a lifetime. /1

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Ernie Tedeschi

@ernietedeschi

8 months

“And that Popeyes in Paris? My friends, it is a *Louisiana* kitchen. The spicy chicken sandwich with a side of Cajun fries is positively Napoleonic.”

Bruno Maçães

@MacaesBruno

8 months

I see that people are telling me there is a Starbucks in Paris as evidence of American cultural power. My friends, that’s nonsense. First, Starbucks is if anything evocative of European coffeehouse culture. Second…

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Ernie Tedeschi

@ernietedeschi

2 months

Having lived in countries without birthright citizenship, I can say without reservation that it is one of the wisest policies the US has ever instituted.

Kamala HQ

@KamalaHQ

2 months

Q: Trump wants to take away birthright citizenship. Do you agree with him on that? JD Vance: I really do

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Ernie Tedeschi

@ernietedeschi

8 months

@quantian1 On an American website

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Ernie Tedeschi

@ernietedeschi

4 years

6. The problem instead was that the US leaned heavily on its UI system to deliver aid, which was inconsistent across states and often creaky & overloaded. We also lost the political will to extend expiring aid earlier in 2020; that extra aid would have helped us in Nov & Dec.

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Ernie Tedeschi

@ernietedeschi

2 months

When Carter left office, the unemployment rate was 7.5% (and would subsequently rise even further) and PCE inflation was 10.5%. When Biden announced he was stepping aside, the unemployment rate was 4.3% and PCE inflation was 2.5%.

Patrick Ruffini

@PatrickRuffini

2 months

Not the official historians’ consensus obviously, but it seems clear that Biden will be widely viewed by the public as a Carter-level failure. Without the electoral imperative, no one is really invested in propping up his reputation (“historic accomplishments!”) anymore.

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Ernie Tedeschi

@ernietedeschi

5 years

The questions to pose back to her: Service for what Sacrifice for what Heritage of what

Jason S. Campbell

@JasonSCampbell

5 years

Nikki Haley says the Confederate flag was about "service, and sacrifice, and heritage" until Dylan Roof "hijacked" it

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Ernie Tedeschi

@ernietedeschi

4 years

5. The problem with the US response was not its initial generosity -- we did a hell of a lot more than "just $1,200 checks" back in March, more so than probably any other advanced economy besides Canada, even adjusting for the pre-existing safety net.

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Ernie Tedeschi

@ernietedeschi

5 months

Look I'm just begging this younger generation to get some basic rock 'n roll literacy before they go and do something silly like assume "Born in the USA" is a patriotic song.

Collin Rugg

@CollinRugg

5 months

NEW: Counter protesters are blasting 'Born in the USA' while waving their USA flags at the University of Chicago. The Chads are taking over the country 🇺🇸 Tensions grew on Friday as a group of frat bros marched on the university with USA flags, chanting "USA, USA, USA" at

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Ernie Tedeschi

@ernietedeschi

2 months

So much for turning down the temperature.

Republican Voters Against Trump

@AccountableGOP

2 months

Ohio state Sen. George Lang at JD Vance’s rally: “I’m afraid if we lose this one, it’s going to take a civil war to save the country.”

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Ernie Tedeschi

@ernietedeschi

4 years

My son's algebra homework today... major points to his teacher for making math topical.

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Ernie Tedeschi

@ernietedeschi

4 months

@whstancil "Never give leaders credit for doing good things" seems like a counterproductive incentive from activists.

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Ernie Tedeschi

@ernietedeschi

6 months

Adjusted for aging, employment and labor force participation rates are extraordinary, around 1999-2000 levels, likely ranking among the highest in US history. This is truly about as close to full employment as the US has managed to get outside of wartime mobilization.

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Ernie Tedeschi

@ernietedeschi

11 days

A better solution to the climate crisis than becoming poorer childless Luddites is to invest heavily in making all of the comforts of modern civilization be as clean and as green as possible.

Matthew Yglesias

@mattyglesias

11 days

I saw a degrowth thread (from Europe obviously) talking about how we should go back to hand-washing clothing and then to make that less tedious, towns could have communal hand-washing facilities so we could all hang out while doing our laundry like peasants.

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Ernie Tedeschi

@ernietedeschi

18 days

Mean and median disposable household income per capita in PPP terms. We are barely second in median household income to a small country whose primary industry is literally banking.

Aaron Rupar

@atrupar

18 days

JD Vance on CNBC says that if immigration was the path to prosperity, then "America would be the most prosperous country in the world." (Who wants to tell him ... )

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Ernie Tedeschi

@ernietedeschi

2 months

One thing that's been notable about grocery stores during the pandemic is that their earnings behavior has been empirically different from the rest of retail. Whereas margins in other retail popped fast then came back down, grocery margins slowly rose & have stayed stubbornly

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Ernie Tedeschi

@ernietedeschi

4 years

Trump's stunt cost America $9-10 billion in relief that it sorely needs and that both parties in Congress had negotiated. A loss of 1 week of $300 top-up for all 20 mil UI recipients, & a loss of ~$200-300 for 14 million PEUC and PUA recipients. Congress should pass a backfill

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Ernie Tedeschi

@ernietedeschi

2 years

ChatGPT confidently falling for elementary school riddles.

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Ernie Tedeschi

@ernietedeschi

4 years

7. That's not a minor problem either, it's a major one, and it may come back to haunt us again--this new bill for example reportedly only extends pandemic UI programs for another 11 weeks, through mid-March. That's not enough to bridge us to when a vaccine is widely distributed.

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Ernie Tedeschi

@ernietedeschi

6 months

New York Post

@nypost

6 months

New workplace trend ‘resenteeism’ has employees working less hard because they hate their jobs

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Ernie Tedeschi

@ernietedeschi

6 months

Using actual data is better than lying to people and coddling their negativity biases.

The Atlantic

@TheAtlantic

6 months

"Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes," @powellAtlantic writes.

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Ernie Tedeschi

@ernietedeschi

4 years

8. But it's a decidedly *different* problem from "all we did was a single $1,200 check".

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Ernie Tedeschi

@ernietedeschi

4 months

This is what American political cartoons about Canada look like these days.

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Ernie Tedeschi

@ernietedeschi

5 years

Sanders' type of single-payer system is only a reality in Canada (and Taiwan, which he didn't list). The UK goes further and directly employs providers too. Everywhere else has some mix of public and private/supplemental insurance. We should consider those alternative models too

Bernie Sanders

@SenSanders

5 years

Remember: our "crazy idea" of universal health care is a reality in: Australia Austria Belgium Canada Chile Czech Rep. Denmark Finland France Germany Greece Hungary Iceland Israel Italy Japan Netherlands New Zealand Norway Poland Portugal S. Korea Spain Sweden Switz. Turkey U.K.

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Ernie Tedeschi

@ernietedeschi

4 years

The fact that the United States is a fiscal union is one of our biggest institutional advantages in dealing with economic crises. Arguments about states "subsidizing" others are destructive to that.

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Ernie Tedeschi

@ernietedeschi

5 months

Dollars to donuts Dalio’s personal portfolio does not reflect this stated probability.

MarketWatch

@MarketWatch

5 months

Hedge-fund billionaire Ray Dalio sees 35%-40% chance of new U.S. civil war

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Ernie Tedeschi

@ernietedeschi

4 years

3rd Grader: "Dad, for my homework I need to use something called 'Microsoft Ex Sell'. Do you know what that is?" Me:

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Ernie Tedeschi

@ernietedeschi

8 months

People slept out last year when the first Popeyes and Krispy Kreme opened in Paris.

Bruno Maçães

@MacaesBruno

8 months

For the first time in 100 years American cultural power is almost nonexistent outside US borders

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Ernie Tedeschi

@ernietedeschi

1 month

Any Wall Street account you see claiming that the annual BLS benchmark revision process is evidence of 'cooking the books' is doing you a favor, b/c they've demonstrated that as investors they can't do 15 minutes of research & have a single conversation with a knowledgable expert

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Ernie Tedeschi

@ernietedeschi

3 years

[Daughter lands on Marvin Gardens] [She already owns it] Daughter: “I guess I could pay myself rent but that’s silly!” Me:

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Ernie Tedeschi

@ernietedeschi

4 years

The outrage shouldn't be directed at the companies -- Congress was very clear the PPP *was* meant for larger restaurant and hotel chains too. It should be directed at Congress for making the program too small given this policy choice.

David Wessel

@davidmwessel

4 years

More on the #PPP front: Kura Sushi returns $6 million federal loan meant for small businesses after public outcry via @EaterLA

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Ernie Tedeschi

@ernietedeschi

4 months

Axios

@axios

4 months

While economists and editors might not like it, the meaning of the word "inflation" has now changed from rising costs to high prices.

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Ernie Tedeschi

@ernietedeschi

4 years

My wife got her first vaccine shot today and suddenly we're ready to spend down our savings. Amazing.

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Ernie Tedeschi

@ernietedeschi

5 years

Why would an MMTer be proud of spending less public money and getting fewer jobs?

Alexandria Ocasio-Cortez

@AOC

5 years

Me waiting on the haters to apologize after we were proven right on Amazon and saved the public billions

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Ernie Tedeschi

@ernietedeschi

4 years

The United States came out way ahead luring Tesla and Einstein here and it would be the same with Chinese scientists.

Aaron Rupar

@atrupar

4 years

"If Chinese students want to come here and study Shakespeare & the Federalist Papers, that's what they need to learn from America. They don't need to learn quantum computing" -- Sen. Tom Cotton proposes restricting Chinese students from studying science & tech at US universities

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Ernie Tedeschi

@ernietedeschi

4 years

🚨🚨🚨 A slew of recent data is consistent with slow or even negative jobs growth in November. A quick thread.

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Ernie Tedeschi

@ernietedeschi

4 years

@pegobry Identifying problems in a country seems like an essential part of a legislator's job.

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Ernie Tedeschi

@ernietedeschi

4 years

The economist's EGOT

Matt O'Brien

@ObsoleteDogma

4 years

If Joe Biden picks Janet Yellen as his Treasury Secretary, she will be the only person to have ever held all three of the most important economic policymaking positions in government: Fed Chair, CEA Chair, and Treasury Secretary.

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@ernietedeschi

4 years

A monthly cash child allowance would be one of the most pro-family, anti-poverty policy breakthroughs in recent US history.

Jeff Stein

@JStein_WaPo

4 years

NEWS: Senior Dems drafting plan to directly send $3K per kid (& $3,600/young kid) to millions Aides say effort to look more like direct checks -- aiming for direct monthly deposit of $300 -- than traditional tax credit offsetting liability Details -->

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Ernie Tedeschi

@ernietedeschi

5 months

I worked w/ @econjared46 closely for 3 years at CEA. We discussed fiscal policy & financing often. His views are well-known, well-articulated, & public. This gotcha clip circulating is deceptively framed: the interview was done back in Feb 2020: pre-CEA, pre-Biden, & pre-pandemic

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Ernie Tedeschi

@ernietedeschi

4 years

Wait what

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Ernie Tedeschi

@ernietedeschi

2 months

Siri, accurately describe the best social policy of the last 50 years as unpersuasively as possible.

Selina Wang

@selinawangtv

2 months

JD Vance said Americans without kids should be taxed at a higher rate in a 2021 interview obtained by @ABC He said: "Let's tax the things that are bad and not tax the things that are good" Then he went on to say those with kids, "should pay a different, lower tax rate" @GMA

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Ernie Tedeschi

@ernietedeschi

4 years

This is a much, much bigger worry about the jobs numbers than absentee misclassification. Response rates for the household survey are plunging, thanks in large part to the fact that BLS can't conduct as many in-person interviews. Lower response rates mean more uncertainty.

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Ernie Tedeschi

@ernietedeschi

2 months

In June 2024, it would have taken 13.6 minutes of labor at the average production/nonsupervisory wage to buy a pound of bacon. Other than a few outlier months in the depths of the pandemic, that's more affordable than at any point in the Trump Administration.

farhad manjoo (former bluecheck)

@fmanjoo

2 months

Trump on inflation: “you have people dying financially because they can’t buy bacon.”

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@ernietedeschi

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Right now, if you're a homeowner, then you're likely paying property taxes on at least some portion of the unrealized capital gains of your house. No economic calamity, even though property taxes apply to everyone, in contrast to Harris' idea which is just on wealth >$100 mil.

Vivek Ramaswamy

@VivekGRamaswamy

1 month

Kamala Harris supports a tax on *unrealized* capital gains & here’s how that will trigger an economic calamity: Currently, if you own an asset (stock, house, land, etc.) and it goes up in value, you don't pay taxes on that appreciation until you sell it. Makes sense -- you

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Ernie Tedeschi

@ernietedeschi

4 years

By popular demand...

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Ernie Tedeschi

@ernietedeschi

4 years

Many economists have concluded the exact opposite, in fact.

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Ernie Tedeschi

@ernietedeschi

4 years

All the networks right now deciding when to call it

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Ernie Tedeschi

@ernietedeschi

4 years

3. If you're unemployed, you get an extra $1,300 per month through mid-March. If you're a gig worker or been out of work since early 2020, that's on top of having your UI benefits extended. 2/X

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Ernie Tedeschi

@ernietedeschi

4 years

4. The bill includes another ~$300 billion in PPP loans, which are essentially payroll support for small businesses. If a business wants them *fully* forgiven, they essentially have to maintain their employment and wages -- effectively the equivalent 100% payroll support. 3/X

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@ernietedeschi

1 month

Could even arguably change that "but" to a "so"

Conor Sen

@conorsen

1 month

The unemployment rate was 8% and Millennials were broke, but burrito bowls were cheaper.

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Ernie Tedeschi

@ernietedeschi

7 months

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.

Ernie Tedeschi

@ernietedeschi

7 months

Movie ticket prices have grown 4% more slowly than average wages for production & nonsupervisory workers since 2019. The level of movie ticket prices *relative to wages* is below its 60 year average.

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Ernie Tedeschi

@ernietedeschi

2 months

It is precisely because immigration is good, and America is relatively good at absorbing and assimilating them, that we should fix the border and enact an immigration system for both skilled and unskilled workers as well as asylum seekers that actually works as intended.

Caleb Watney

@calebwatney

2 months

This is not a good system

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Ernie Tedeschi

@ernietedeschi

4 years

My hot take is that this election was more about the pre-COVID economy than either side appreciated beforehand.

Ernie Tedeschi

@ernietedeschi

4 years

The House/Senate results so far feel almost like what we would have expected in a non-COVID alternate universe.

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Ernie Tedeschi

@ernietedeschi

4 years

money printer goes brrrr

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Ernie Tedeschi

@ernietedeschi

5 years

Prime-age (25-54-year-old) employment is growing at a pace of around +750,000 a year. Almost a third of these job finders are coming from the ranks of the disabled -- the single biggest source of new worker hires.

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Ernie Tedeschi

@ernietedeschi

4 years

I support changing Columbus Day to Columbo Day.

Lindsay Goldwert 👑

@lindsaygoldwert

4 years

I was just informed that this statue of Columbo exists in Budapest

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Ernie Tedeschi

@ernietedeschi

4 years

The unemployed are two months away from losing emergency payments. Small businesses are one month away from losing PPP coverage. State & local governments are already beginning to plan for significant cuts. Policymakers should be laser-focused on *those* problems right now.

Catherine Rampell

@crampell

4 years

On @CNNSotu , White House economic adviser Kevin Hassett says Trump is considering a cap gains tax "holiday"

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Ernie Tedeschi

@ernietedeschi

4 years

Good reminder that it's good to be humble and learn good things from other countries. But we should also reject things that run counter to our strengths. One of those big strengths is that America is fairly good at integrating immigrants.

New Liberals 🌐🇺🇦

@CNLiberalism

4 years

It is with a heavy heart that I report that Europe is at it again.

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Ernie Tedeschi

@ernietedeschi

3 months

These difficult actions must have been hard on the candidates withdrawing and their parties, but they appear to have helped drive the surprise French election results today. Democracy is a system of political competition but sometimes it’s sustained by acts of selflessness.

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Ernie Tedeschi

@ernietedeschi

5 months

Real GDP growth came in at 1.6% in Q1, softer than expected. But that appears to be driven by weakness in volatile components, especially net exports. Private domestic final purchases--"core GDP" made up of consumption & fixed investment--grew 3.1%, a very strong print.

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Ernie Tedeschi

@ernietedeschi

3 years

Teaching my kids monetary policy.

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Ernie Tedeschi

@ernietedeschi

4 years

TL;DR: President says he going to fight to boost $600 checks. Instead, he loses $600 for unemployed families.

Ernie Tedeschi

@ernietedeschi

4 years

*If* he actually goes through with this, it will have cost unemployed workers a week of extended benefits and emergency top-up payments. For the typical unemployed worker, that's $600 lost, exactly the size of the stimulus checks Trump was ostensibly trying to boost.

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Ernie Tedeschi

@ernietedeschi

4 years

What if we call it a "business tax cut for unincorporated individuals"

Steven Dennis

@StevenTDennis

4 years

BREAKING: Senator Ron Johnson blocks $1,200 checks for Americans sought by Senator Josh Hawley. Johnson cites the deficit.

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Ernie Tedeschi

@ernietedeschi

4 years

Brandon

@Brand_Allen

4 years

Ossoff: 51% (+1 since Nov. 30) Perdue: 46% (-2) Warnock: 52% (-) Loeffler: 45% (-)

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Ernie Tedeschi

@ernietedeschi

4 months

A dangerous situation. Effective sample sizes are already under strain because of rising nonresponse. Reliable economic data is something we should prioritize investing more in, not cutting.

Bloomberg Markets

@markets

4 months

The Bureau of Labor Statistics is reducing the sample size of the household survey in the monthly jobs report due to budget constraints.

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Ernie Tedeschi

@ernietedeschi

1 month

@jdcmedlock Incredible to think the guy appointed Jay Powell.

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Ernie Tedeschi

@ernietedeschi

4 years

K-shaped recovery update: Employment for the top 2/3 of wage earners is about -2 percentage points below February. For the bottom 1/3, it's -7.3pp lower, more than 3x worse. And their employment fell by around -1pp in November alone.

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Ernie Tedeschi

@ernietedeschi

4 years

Making bold decisions in a consequence-free context is called a "video game"

Katherine Faulders

@KFaulders

4 years

Wow - John Kelly says he would vote to remove Trump from office if he was still in the Cabinet.

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Ernie Tedeschi

@ernietedeschi

3 years

Anglophones of the world, it's high time we made a decision here.

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Ernie Tedeschi

@ernietedeschi

2 months

The memory-holing of the Afghanistan withdrawal is kind of remarkable here. Obviously it was a controversial decision with considerable political risk for President Biden. People of good faith came out on both sides. But at least give Biden credit for the war-ending aspect of it!

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Ernie Tedeschi

@ernietedeschi

5 years

Broke: Video games will destroy our kids. Woke: Video games will save our kids.

andrew chen

@andrewchen

5 years

Lol. “Fortnite: the anti-weed, anti-sex, anti-TV, anti-alcohol, anti-smoking solution parents have been seeking for decades.” Via @reddit

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Ernie Tedeschi

@ernietedeschi

5 months

Gen Z is still young, but they typically have higher inflation-adjusted net wealth (assets minus debt, including student debt) than prior generations did at their age. Millennials, who were behind for a time due to the timing of the Great Recession, are now ahead of Boomers. /1

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