James Galley

@jagalley

Producer at Bloomberg () Data-driven TV news. Tweets about politics, economics and business. Caveats, etc.

London
Joined June 2011
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  1. Retweeted
    Jan 5

    Hi, we are looking to hire summer interns. It's a paid placement and you'll earn enough to be able to live in London. Finance journalism experience is not necessary, we're looking for people who want to be top-class journos.

    16 replies 329 retweets 239 likes
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  2. Retweeted
    28 Dec 2020

    The trade deal between the U.K. and the EU brings welcome relief to businesses. But there will still be significant changes in the new year

    1 reply 40 retweets 58 likes
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  3. 29 Jul 2020

    For more details Justin Fox had a great explanation back in April. (10/10)

    2 likes
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  4. 29 Jul 2020

    What about the second quarter? How much would the U.K. economy have to contract to match annualized U.S estimates of -34.8%? It certainly doesn't have to fall 30% or more. It just has to fall 10%. (9/10)

    1 reply 1 like
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  5. 29 Jul 2020

    Doing that to the U.K. data gives an annualized 1Q GDP of around -8.5%. The U.S. number might seem worse at first glance, but the U.K. economy actually shrank more in the quarter. (8/10)

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  6. 29 Jul 2020

    The Dallas Fed has a handy formula. You take the change, raise it to the 12th power (for monthly data) or the 4th power (for quarterly data). You then minus 1 and times by 100 to get the annualized percentage change. (7/10)

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  7. 29 Jul 2020

    It's clear what's going on when you compare it to U.K. GDP data. Let's look at the first quarter, as we have numbers for both countries. U.S. 1Q GDP (annualized) = -5.0% U.K. 1Q GDP (non-annualized) = -2.2% So which was worse? (6/10)

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  8. 29 Jul 2020

    But it also makes the bad times seem even worse, and that is what's happening here. GDP hasn't fallen over 1/3 in three months, and the second quarter -- that saw the bulk of lockdowns in the U.S. -- is unlikely to be representative of the whole year. (5/10)

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  9. 29 Jul 2020

    Annualizing makes the data easier to compare with annual GDP readings. It amplifies the numbers compared with non-annualized GDP readings, and can make the good times seem even better. (4/10)

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  10. 29 Jul 2020

    The Dallas Fed provides a handy description: "Growth rates are adjusted to reflect the amount a variable would have changed over a year’s time, had it continued to grow at the given rate." (3/10)

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  11. 29 Jul 2020

    Unlike most other countries, including the U.K., the U.S. annualizes its quarterly GDP data. Effectively, projecting what the annual rate would be if this particular quarter was representative of the whole year. (2/10)

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  12. 29 Jul 2020

    U.S. quarterly GDP comes out tomorrow, and Bloomberg's survey of economists points to a reading of -34.8%. So does that mean the U.S. economy shrank by over a third in the second quarter alone? Well no. (1/10)

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  13. Retweeted
    10 Dec 2019

    🚨NEW🚨 Working with the brilliant the Times interactive team have built a new map which shows the results of the past four elections, all on one map 🤯😱. It reveals the striking changes that have occurred across the country since 2005

    6 replies 16 retweets 38 likes
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  14. Retweeted
    20 Jul 2019

    British-Iranian relations, going back to 1600s, are marked by periods of conflict, some resolved fairly swiftly, others endure to today. Iranians still blame Britain for a famine 100 years ago. Underlying it all is a sense the U.K. is playing a double game

    2 replies 26 retweets 27 likes
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  15. Retweeted
    19 Jul 2019

    This is the historic moment Neil Armstrong and Buzz Aldrin set foot on the moon for the very first time

    3 replies 28 retweets 70 likes
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  16. 20 Jul 2019

    Half a century on from arguably one of the most important events in human history, we looked at how the space race has changed

    1:15
    Happy 50th Mooniversary. Created with the brilliant
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  17. Retweeted
    19 Jul 2019

    “We choose to go to the moon in this decade, and do the other things, not because they are easy, but because they are hard.” Here's the moment John F. Kennedy gave his famous "Moon Speech" in 1962

    3 replies 33 retweets 121 likes
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  18. 19 Jul 2019

    It's 50 years since man first walked on the moon. @daniburgr looks at how the space race has changed in the last 5 decades

    2 retweets 3 likes
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  19. Retweeted
    1 Feb 2019

    For nearly a year now we've been talking about one-off factors driving the slowdown in the euro area...

    1 reply 21 retweets 22 likes
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  20. Retweeted
    30 Jan 2019

    Emerging market stocks are now less volatile than developed market stocks. (Even amid growth concerns!)

    1 reply 5 retweets 24 likes
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