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I feel like this point doesn’t really need to be attribute to the union. Who among us can afford to work and not get paid?https://twitter.com/washingtonpost/status/1081355612276092929 …
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Binyamin Appelbaum Retweeted
BREAKING: Wells decided to improve their offering, 90 minutes or so after this column went up. Fee waivers will be automatic for many now, if it comes to that. Updated text shortly.https://www.nytimes.com/2019/01/04/your-money/wells-fargo-government-shutdown-loan.html …
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Binyamin Appelbaum Retweeted
Basically the existence of commercial air travel in the United States right now rests on the willingness of a bunch of security guards to show up to work to do a thankless job, for no pay, indefinitely, in the middle of the hottest private sector job market anyone can remember.
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The government didn't help people who got screwed by the banks. The banks don't help people who get screwed by the government. See if you can spot the theme.https://twitter.com/nytimesbusiness/status/1081309345441300481 …
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Binyamin Appelbaum Retweeted
Medieval browser tabs — how scholars jumped between multiple texts
#desktopmetaphor#notametaphor at Mexico’s first public librarypic.twitter.com/eTTsDpFhuV
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Using the "military version of eminent domain" to build a giant public works project is the very definition of conservatism. I looked it up.
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I don't know why I'm watching either. It's just hard to turn away.
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Four days ago, the president said "An all concrete wall was never abandoned." Today he said he never promised to build a concrete wall.https://twitter.com/realDonaldTrump/status/1079721675346923520 …
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Interesting new approach from the White House this afternoon. First President Trump spoke for 30 minutes. Now they're having the vice president provide an English language translation of the key points.
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President Trump's latest airing of economic grievances omitted any mention of the Federal Reserve. Maybe it's meaningful, maybe it just wasn't the Fed's day.
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Seriously though, one of my best Twitter habits is following a number of people who infuriate me so much that I really want to unfollow them. People who see the world in a completely different way than I do. (And no, I'm not going to tell you which ones fall into that category.)https://twitter.com/matthewstoller/status/1081251678198870017 …
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Everybody break out your DOW 36K hats! We are on. the. way.pic.twitter.com/kX4X2WIQhk
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Is the economic expansion faltering? No one really knows. And the goods news is, the Fed doesn't need to decide right away. Powell said Friday that low inflation means the Fed can watch and wait.https://www.nytimes.com/2019/01/04/business/economy/jerome-powell-fed-reserve.html?action=click&module=Top%20Stories&pgtype=Homepage …
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In a nutshell: The economy appears to be strong. The Fed is aware some people are worried. It is going to watch what actually happens, and chart a course for monetary policy based on the evidence. All plans are subject to change.
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I'd wager that Powell's remarks this morning are pretty close to what he wishes he said (or how he wishes he was heard) after the last FOMC.
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My thoughts on the jobs report: we already knew that growth was strong in 2018. What comes next? Soon we’ll see.
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“Maybe the markets were not overreacting.”https://nyti.ms/2GUCiUw?smid=nytcore-ios-share …
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I know I didn't get you anything for the holidays, but here's a Twitter account that tweets out a daily image of the yield curve:https://twitter.com/DailyYieldCurve/status/1080948984565432320 …
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