Steve Liesman @steveliesman Twitter profile

Last Seen Profiles

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@itshqyleyold

Steve Liesman

@steveliesman

4 years

With 17 states now joining Texas to overthrow the results of the election, it is now clear that outright opposition to democracy is not at the Trumpian fringe but rather at the outright center of the Republican Party.

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Steve Liesman

@steveliesman

4 years

I think a big question for reporters is how you treat the Republican Party and those if its members who have shown they oppose democracy. I mean, would you interview Jefferson Davis about taxes or health care? Does any position they hold matter more than rejecting the election?

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Steve Liesman

@steveliesman

4 years

People defend Pres Trump’s actions as part of the process. So let’s look at what that process is: 1. Convince tens of millions of Americans that the election system is rigged. 2. Hire several bat-sh&t crazy attorneys. 3. Ask judges to throw out millions of mostly minority votes

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Steve Liesman

@steveliesman

5 years

Probably needs to be stated again: the president is increasing tariffs the day after the Fed Chair (whom the president chose) warned that tariffs represent the single biggest threat to the us and global economies. And he said it repeatedly.

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Steve Liesman

@steveliesman

4 years

I wonder if there would be more urgency to pass a new relief bill if the stock market wasn’t rising every day. The Tarp bailout in 08 was initially rejected and only passed after an 800 point decline in the Dow. Senators have different portfolios than the unemployed.

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Steve Liesman

@steveliesman

4 years

9. Repeatedly tweet lies about the election so as to undermine faith in American democracy and delegitimization the next president. This is not part of the any process. It is antithetical to the democratic process.

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Steve Liesman

@steveliesman

6 years

In @CNBC interview, Pres. Trump continues misstating trade deficits. Trade deficit w/ China was -$335b in 2017, not $507b as the president said. Deficit with EU was $101b, not $150b in 2017. I suppose this is getting boring, but I quixotically believe the right numbers matter.

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Steve Liesman

@steveliesman

4 years

Fed now openly disagreeing with Treasury Secty Mnuchin: "The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy."

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Steve Liesman

@steveliesman

3 years

History will judge Putin as bad or worse than it did Hitler in terms of launching a war with zero cause. I suspect it will also be equally unkind to those who coddled Putin here at home.

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Steve Liesman

@steveliesman

1 year

Politico reports that the GOP makes abandoning 44 million Ukrainians fighting and dying for their freedom the cost of keeping the US government open.

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Steve Liesman

@steveliesman

3 years

I can't let the historic absurdity of current monetary policy pass w/out remark: the fed is talking about aggressively reducing its balance sheet while at the same time adding assets to that balance sheet. I think that's the monetary policy equivalent of a dog chasing its tail.

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Steve Liesman

@steveliesman

2 years

Brave Ukrainians fighting and dying and achieving historic success in a counteroffensive with perhaps global consequences and we are obsessed with an insignificant king who sits awkwardly on an inconsequential throne

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Steve Liesman

@steveliesman

2 years

Flying out of Utah I read that the Great Salt Lake is drying up because of growth and climate change and industrial/ag use. So what’s one of the first bills passed by the legislature this session? A ban on transgender surgery and hormones for minors. The lake they’re gonna study.

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Steve Liesman

@steveliesman

4 years

7. Pressure Congressmen to ignore their duties as electors and overturn election results. 8. Reject a Covid aid bill as revenge against politicians in your own party who won’t break the law and install you as president.

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Steve Liesman

@steveliesman

4 years

4. Ask the Supreme Court to throw out 20 million votes in four states 5. File affidavits with SCOTUS and other courts from experts who falsify their credentials and make up facts and statistics. 6. Pressure local officials to overturn results from duly counted votes.

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Steve Liesman

@steveliesman

11 months

I’ll be over at threads at steve_liesman. Don’t think I can do it here anymore for the cretin runs the joint. @elonmusk

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Steve Liesman

@steveliesman

4 years

The fate of our democracy now comes down the bravery of hundreds of elected officials throughout the nation who must certify the results of a free and fair election. If America survives, it’s because they resisted the tyranny urged by the President and the supporters of his fraud

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Steve Liesman

@steveliesman

3 years

Russians will wake up tomorrow, next year or in a decade to realize the freedom they have lost today, that this war will close borders to them and resurrect the Soviet police state. I feel sorry for my old friends there and much sorrier for the victims in Ukraine.

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Steve Liesman

@steveliesman

4 years

The president is directly responsible for this. He told his supporters to march on the Capitol. He owns the violence.

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Steve Liesman

@steveliesman

3 years

I really hate to say this and I admit it’s way out of my league but: isn’t it better to fight Putin to protect NATO countries before he has Ukraine as a staging area? Seems like the US and NATO can assert the same defensive right to a neutral Ukraine as Putin.

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Steve Liesman

@steveliesman

2 years

What an awful waste of time with the Fed Chair. Question: "I mean, when you want to talk to members of the, of the board of the Federal Reserve Board, do you go to their office or they come to your office?" Hey Rubinstein, let journalists ask the questions you do investments.

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Steve Liesman

@steveliesman

3 years

If tomorrow, Russians wake up to a ruble that is 200/$ and the Kremlin wakes up to mass street demonstrations, an announcement that President Putin had taken ill would be the standard Soviet procedure. Probably wishful thinking.

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Steve Liesman

@steveliesman

4 years

It should never be normalized that the President, a majority of house Republicans and 18 AGs asked the Supreme Court to throw out 20 million votes in 4 states on fabricated electoral fraud charges so weak they could not overturn the results in a single precinct, county or state.

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Steve Liesman

@steveliesman

4 years

I marvel how I can use my phone to move money with major banks and access my stock portfolio and make trades and somehow we can’t work out the security to vote online.

Claire McCaskill

@clairecmc

4 years

This is a picture of voter suppression. Why do Americans have to wait in lines this long? This is the line in Suwannee Georgia today to vote.

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Steve Liesman

@steveliesman

6 years

Seems a strange statement. Not sure what they’re seeing in markets that suggests a need for this. It’s the kind of thing issued in a crisis. Seems as likely to create panic as to calm it. Treasury Secretary Mnuchin holds calls with the CEOs of major banks

Treasury Secretary Mnuchin held calls with the CEOs of major banks to discuss the market turmoil

Treasury Secretary Steven Mnuchin held calls to shore up confidence in the U.S. financial system amid the recent market turmoil.

www.cnbc.com

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Steve Liesman

@steveliesman

2 years

This just happens every day and yet the world leadership does not see a crisis in its inability stop it. It is time to tell Russia to halt it barbaric madness or face dire consequences from a united and outraged free world. It must stop.

Oleksiy Sorokin

@mrsorokaa

2 years

Russia hit a regular residential building in Dnipro, home to 1 million people. I can’t even imagine the number of casualties. No one is safe. This is terrorism and Russia must be defeated and destroyed. Photo: Kyrylo Tymoshenko

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Steve Liesman

@steveliesman

2 years

wow.. Barr tells Senate Banking that SVB told regulators $100b was going to fly out the door on Friday... after $42b fled on Thursday, leading to the bank's closure. If you don't think we're in a new world of potential hyper-speed bank runs, you're not paying attention.

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Steve Liesman

@steveliesman

4 years

@AmericaSpring12 You’re right: 10. Use the whole process to raise tens of millions of dollars and advertise that it goes towards election lawsuits when actually only a small fraction does.

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Steve Liesman

@steveliesman

3 years

Putin has probably forgotten that the last two times Russia suffered economic crises — the fall of the USSR and the 98 crash — the West helped with billions of aid and debt relief. Whatever calamity now befalls the Russian economy, Putin and the Russian people will endure solo.

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Steve Liesman

@steveliesman

5 years

President @realDonaldTrump tweeted the headline from one of my charts this morning on @CNBC , the one showing the US is winning the trade war in dollar terms. He didn’t tweet out the other chart showing it’s losing in percentage terms. So here’s both in case you missed them. 1/

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Steve Liesman

@steveliesman

3 years

In my 6 years in Russia in the 90s, not a single Russian ever told me their biggest problem was Russia’s loss of Ukraine and getting it back would solve their problems. My guess is this war is hugely unpopular in Russia. Tens of thousands of Russians have relatives in Ukraine.

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Steve Liesman

@steveliesman

2 years

Can someone explain: if bank supervisors missed the risk on the SVB balance sheet, how were individual depositors supposed to see it? Are they smarter than the execs at the bank and the supervisors? I am skeptical depositors exert much discipline on banks. Maybe some.

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Steve Liesman

@steveliesman

10 months

I’ll be posting over at threads for anyone interested. Follow me at steve_liesman. Thank you for following me here over the years.

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Steve Liesman

@steveliesman

4 years

Every hour that goes by without concession, every lie about fraud that is spread without repudiation from Republican leadership brings this country one hour closer to a constitutional crisis. How long before it is impossible for the leadership to tell its party they really lost?

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Steve Liesman

@steveliesman

4 years

So US is now cooperating with OPEC and will mandate domestic oil cuts? Believe I’ve now seen everything.

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Steve Liesman

@steveliesman

4 years

The most important question for America right now is whether President Trump can be trusted for one additional minute with access to the nuclear codes and control of the military.

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Steve Liesman

@steveliesman

4 years

I am sad today for my country and for my boys. I've raised them to understand and appreciate both sides. But what the Republicans are doing today cannot be countenanced or respected. It is nothing short of an attempt by a party to overthrow American Democracy.

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Steve Liesman

@steveliesman

4 years

It will now be an unavoidable historical fact that Mitch McConnell, Kevin McCarthy, Lindsey Graham and the rest of the Republican leadership only acknowledged President-elect Biden’s win after Russian President Vladimir Putin. Unless, of course, they never do.

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Steve Liesman

@steveliesman

4 years

How do Saudi Arabia and Russia cut 10-15 mbd, as per @realDonaldTrump , when they only produce 23mbd between them. I must be missing something.

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Steve Liesman

@steveliesman

4 years

There can be, objectively, only two kinds of people alleging mass fraud in the presidential election: those who are deluded and those who are lying. 59 cases have been turned down. Not a single precinct, county or state has been overturned, whether run by Republicans or Democrats

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Steve Liesman

@steveliesman

1 year

Fed Chair Powell said today "We have found that the monetary policy tools and the financial stability tools are not in conflict. They're working well together." So what did the KBW banking index do after the Fed rate hike? It fell another 2%... so not working so well together.

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Steve Liesman

@steveliesman

2 years

A recession could be coming, but the -1.4% Q1 GDP number today is unlikely to be the beginning of it. You had a 0.8% inventory subtraction from GDP and -3.2% from net trade. Consumer was good at +2.7% (a touch light) and biz investment doing great at +9.2%.

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Steve Liesman

@steveliesman

4 years

Note to followers: I will be resuming normal economic news and commentary after the the threat of a coup passes. Greenspan might call it a "low-probability, high-risk event". I can't think of anything more significant to the outlook then the peaceful transference of power.

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Steve Liesman

@steveliesman

3 years

When gauging the cost of the sanctions in terms of higher prices and slower growth --- and they could be considerable --- they need to be assessed in the context that they are a replacement for war with Russia. Instead of our soldiers being killed, we will pay higher prices.

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Steve Liesman

@steveliesman

3 years

Not a Lehman Weekend? Spent the past 2 days talking to banking experts and vets from financial crises past. Their concerted opinion --- which I did not share at the beginning --- is that the financial sanctions on Russia are unlikely to lead to a global systemic risk issue.

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Steve Liesman

@steveliesman

3 years

So amusing to see all the people that were for Putin before they were against him. Wouldn’t be so bad if they weren’t the same people now complaining the loudest that not enough is being done.

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Steve Liesman

@steveliesman

7 years

And there it is. The president just equalized the forces of hate with their opponents.

Hallie Jackson

@HallieJackson

7 years

"We condemn in the strongest possible terms this egregious display of hatred, bigotry, and violence on many sides. On many sides." - @POTUS

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Steve Liesman

@steveliesman

2 years

This is brilliant. You can’t tax unrealized gains cause they aren’t money but you can borrow against it as if it’s money.

Pablo

@BoxerPupDad

2 years

@andrewrsorkin @steveliesman @carlquintanilla @SquawkCNBC @JoeSquawk @CNBC @ScottWapnerCNBC

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Steve Liesman

@steveliesman

6 years

From a 1985 directive from the Office of Information and Regulatory Affairs: "employees of the Executive Branch shall not comment publicly on the data until at least one hour after the official release time." Also says: The agency will provide prerelease information to the Pres."

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Steve Liesman

@steveliesman

4 years

On one day in March, the NYSE processed 330 billion transactions. Accurately. Ten days later, we’re still counting 140 million votes. Our children will laugh at us. Not because we didn’t have the technology. But because we had it and didn’t use it.

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Steve Liesman

@steveliesman

4 years

I want to thank all the election workers who put themselves in harm’s way so Americans could exercise their constitutional right to vote and ran an exemplary election. The out-of-control freight train that is the president’s malice knows no bounds and you all deserve better.

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Steve Liesman

@steveliesman

6 years

We can’t know if it’s the fed or the administration or economic weakness that’s behind the market sell off. But if the administration would begin acting as a source of stability, at least we could eliminate that possibility.

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Steve Liesman

@steveliesman

3 years

I got a lot of grief in November when the jobs report came out at 210k and i said I didn't believe it. It's now been revised to +647k. Got more grief when i was skeptical in Dec, printed originally at 199k, now at 510k. I'm skeptical the Jan. #, but this one I think is too high.

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Steve Liesman

@steveliesman

4 years

So much talk about not further angering Trump supporters, but what about the 81m who voted for Biden? How do they get justice? It seems there is a concession to potential violence of the mob that is conveying outsized influence on a small minority, which amounts to a victory.

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Steve Liesman

@steveliesman

11 months

Re: Druckenmiller's comments, the only time my records show the 10-year was at "70bps" and the 30-year at "180 bps" was under Steven Mnuchin, Pres. Trump Treasury Secty. So perhaps he committed "the biggest blunder in Treasury history?" I don't think so. While Mnuchin built the

Geiger Capital

@Geiger_Capital

11 months

MUST WATCH: Stan Druckenmiller destroys Janet Yellen. “I literally think if you go back to Alexander Hamilton, it was the biggest blunder in the history of the Treasury. I have no idea why she has not been called out on this. She has no right to still be in that job.”

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Steve Liesman

@steveliesman

2 years

It is simply remarkable the extent to which the chairman purposely seemed to walk back any possible dovish interpretation of the new language statement. He went out of his way to neutralize it.

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Steve Liesman

@steveliesman

11 months

Now that ATACMS are in Ukraine and being used against Russian targets, it’s a good time to recall when a bloodthirsty idiot Putin is and how much dumber are the politicians and military generals who follow him. The US and it’s allies had no interest in supplying any of this

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Steve Liesman

@steveliesman

2 years

It only now occurs to me --- given how fast money can leave a bank these days electronically --- that bank lines in the old days during a run was a form of liquidity management. Money could only leave so fast. Now, those folks could move their money on their phones.

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Steve Liesman

@steveliesman

1 year

@andrewmichta I wonder if you’re confusing a real change in Russia with a bunch of crazy stuff the Putin propaganda machine has had to make up along the way to justify the continued war. Maybe better to look original intent: to take over Ukraine in 3 days with the belief that the West would

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Steve Liesman

@steveliesman

3 years

Fed officials owned securities it was buying during the pandemic @CNBC

Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic

Federal Reserve Chairman Jerome Powell owned municipal bonds of the same type bought by the Fed during the coronavirus pandemic.

www.cnbc.com

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Steve Liesman

@steveliesman

4 years

Has a single politician who called the election fraudulent taken back their statements and said they were wrong? I find to hard to believe there will be healing before there’s truth.

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Steve Liesman

@steveliesman

2 years

I don’t know what the feds gonna do next week but I just wanna be the first to say “hawkish pause.”

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Steve Liesman

@steveliesman

4 years

Imagine an employee using your company network to send emails and plot violence. U would have an obligation to shut it down. Twitter allowed the president to tweet falsehoods for weeks. They shut him down when he went beyond well-recognized limits on public speech.

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Steve Liesman

@steveliesman

4 years

I’ve received one piece of mail in three days. Thank goodness I’m not waiting for medicine. Pretty outrageous what’s going on. This is a real and admitted attempt to sabotage votes by mail.

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Steve Liesman

@steveliesman

5 years

Here’s just one problem I have w/ the Laffer/Moore opposition to a $1200 check: in what universe does offering temporary help equal to 1 week’s pay for the average American reduce work incentive? What must they think of average Americans? @ScottWapnerCNBC @jasonfurman

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Steve Liesman

@steveliesman

2 years

The sound you hear of a slamming door is Fed Chair Jay Powell's total, utter and complete refusal to discuss how the Fed will react to weakening economic growth or a recession. He does not want the market to believe there is any give in the inflation fight.

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Steve Liesman

@steveliesman

3 years

The agreement of the Swiss to freeze assets of the Russian Central Bank closes a major potential loophole for Russia to access hard currency reserves. China remains an opening.

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Steve Liesman

@steveliesman

4 years

I guess with this vaccination thing happening soon, I’m gonna have to come up with a whole series of new excuses not to see people I don’t want to see and go places I don’t want to go. How did we get out of stuff before ?

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Steve Liesman

@steveliesman

4 years

The possibility must be considered that state AGs and congressmen who support overturning the election know their case is entirely fabricated. If that's so, they would stand before the highest court in the land with no case, no evidence and no morals or decency. #haveyounodecency

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Steve Liesman

@steveliesman

2 years

Republicans turn on Trump —not because of election lies, the threat to democracy, hoarding classified documents or numerous other reasons —- but because he didn’t help them win the election. Guess you can call it “mercenary ethics.”

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Steve Liesman

@steveliesman

4 years

And cue the President throwing the Supreme Court and his own nominees under the bus in 3, 2 1...

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Steve Liesman

@steveliesman

4 years

Democrats want to hurt President Trumps re-election prospects so much by not providing government stimulus that it is now reported the House will vote on $2.2 trillion in stimulus.

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Steve Liesman

@steveliesman

3 years

Hard to express how symbolic the closing of McDonalds is. There was no greater symbol of the opening of the USSR than McDonald’s in Pushkin Square. Russians lined up around the block. There was no end to the possibility of the new world if you could get a Big Mac in Moscow.

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Steve Liesman

@steveliesman

4 years

Pres Trump has revealed how much power Congress has ceded to the presidency over the decades. His tariffs were the biggest tax hike ever w/out specific congressional approval. Now he appropriates funds to the unemployed. U dont hold the power of the purse if u give it up.

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Steve Liesman

@steveliesman

3 years

And there it is. The ruble, in absolute free fall, drops to 150 to the dollar. Had been 74 at a recent high on Feb. 10. So the Russian economy is no worth half of what it was in dollar terms. Russian CB did not appear to come in today the way it had in previous days.

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Steve Liesman

@steveliesman

4 years

This is really quite a remarkable point by point takedown of President Trump on @thenewsoncnbc

Last Call

@LastCallCNBC

4 years

President Trump just spoke at the White House, as key states continue to count votes. Shep has the facts: “What the President of the United States is saying, in large part, is absolutely untrue.” #Election2020

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Steve Liesman

@steveliesman

4 years

Jobless claims nearing 900k is a calamity. Perhaps stocks take it all in stride, but this is real people losing work and income as we near the holidays. The idea that we could ignore the virus and have better economic outcomes has proven false. 2020 didn't suck. We sucked in 2020

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Steve Liesman

@steveliesman

3 years

So hitting police and rioting in the capitol is now“legitimate political discourse?” Thought the GOP was the party of law and order.

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Steve Liesman

@steveliesman

3 years

Let’s be clear about how the Russians fight: Ukrainians destroy Russian military hardware and capture or kill Russian soldiers. In turn, Russians destroy Ukrainian cities and kill civilians. War vs war crimes.

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@steveliesman

4 years

The “circle-jerk” reasoning of the 11 senators: 1. President Trump fabricates election fraud. 2. Republican leadership is either silent or repeats fraud. 3. Some Americans come to believe the fraud. 4. Senators oppose election results because people believe the fraud.

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Steve Liesman

@steveliesman

4 years

What I have learned the past several days is how utterly dedicated our military leadership is to the Constitution. That dedication is an absolute bedrock of our democracy. Politicians follow the constitution when it's convenient; the military does so as a core of its existence.

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Steve Liesman

@steveliesman

2 years

Yellen on Face the Nation. Sounds like a program is coming. “We've been hearing from those depositors and other concerned people this weekend. So let me say that I've been working all weekend with our banking regulators to design appropriate policies to address this situation.”

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Steve Liesman

@steveliesman

5 years

Powell (July 31): tariffs are weakening economy. Not quite sure how to deal w/ them. Trump (Aug 1): we’re increasing tariffs on china. Powell (Aug 23): tariffs hurting global, us economy. Lower rates only help so much. Trump (Aug 23): we’re increasing china tariffs

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Steve Liesman

@steveliesman

7 years

“It’s very much formulated down to the final strokes" the president elect told the Washington Post on 1/15 about his health care plan.

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Steve Liesman

@steveliesman

4 years

The statistics are fake; the fraud experts have nearly all been revealed to be frauds, including one Dominion “insider” who has been shown to have worked there a single day cleaning glass. There is no “other side” to this story. It is a lie cut from whole cloth.

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Steve Liesman

@steveliesman

6 years

Nearly all economists agree Muhammad Ali is the greatest and tariffs don’t even come close.

Donald J. Trump

@realDonaldTrump

6 years

Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!

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Steve Liesman

@steveliesman

2 years

Hard to remember when the economic data looked so good and forecasts were so bad. +2.9% gdp and declining jobless claims yet confident predictions of coming weakness and recession. Hard to say if we should follow the prior resilience or the present weakness as the best indicator.

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Steve Liesman

@steveliesman

4 years

A stand-up Republican official.

The Recount

@therecount

4 years

Gabriel Sterling is justifiably tired of debunking election misinformation.

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Steve Liesman

@steveliesman

6 years

We did not lose $817b in trade. The 2017 trade deficit was $550b. Pres. continues to cite only the goods deficit, ignoring services surplus. Americans got $550b more in goods & services from overseas then they got from us. We got stuff we wanted in return for our $s. No ripoff

Donald J. Trump

@realDonaldTrump

6 years

Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking? Are we just going to continue and let our farmers and country get ripped off? Lost $817 Billion on Trade last year. No weakness!

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Steve Liesman

@steveliesman

3 years

Tomorrow the days start growing longer. Happy winter solstice everyone. It’s gonna get better every day.

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Steve Liesman

@steveliesman

2 years

Goldman Sachs just now: “We expect the FOMC to pause at its March meeting this week because of stress in the banking system.”

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Steve Liesman

@steveliesman

5 years

The ability of a troubled Florida high school student to buy a gun immediately upon landing in Colorado and terrorize an entire state and shoot herself is almost exactly what the founding fathers must have had in mind.

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Steve Liesman

@steveliesman

4 years

So much talk about people receiving more than their salary in unemployment benefits. So little talk about the millions who receive less or who have been denied claims or aren't eligible. My guess is the extra $600 will play only a small role in keeping unemployment elevated.

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Steve Liesman

@steveliesman

4 years

In thinking about what Yellen’s nomination means for the advancement of women in politics & economics, it’s worth noting that any 2 items on her resume should be enough to qualify her for the job.

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Steve Liesman

@steveliesman

3 years

I wish Pres Biden had emphasized that our argument is not with the Russian people but with the regime. Aiming to leave “Russia weaker” won’t play well in Perm and will buttress Putin’s domestic propaganda. Some expert in State must have asked for that line.

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Steve Liesman

@steveliesman

4 years

In November i celebrate my wife’s birthday and our anniversary. This year is special. She turned 58 and we’ve been married for 29 years, or exactly half her life. That means she’ll live to 116. My math is good, right?

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Steve Liesman

@steveliesman

6 years

Here is the June 15 press release announcing the new policy of separating children by the department of homeland security, found by ⁦ @businessinsider ⁩. Proves this is a policy change.

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Steve Liesman

@steveliesman

8 years

Freedom of the press includes the freedom not to care what the person in the White House says about you. Answer criticism w/ professionalism

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Steve Liesman

@steveliesman

4 years

Powell: We could be back to the old economic peak fairly soon and surpass it... There's a lot to be optimistic about about the US economy.

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Steve Liesman

@steveliesman

4 years

New word: maskabout—the process of walking back to your car after you realize you’ve forgotten your mask. Usually ten steps, but more with age. Open to other suggestions.

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