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Patrick Chovanec
@prchovanec
Private sector economic advisor. Author of the upcoming book “Cleared for the Option: A Year Learning to Fly”. Soon to be found on patrickchovanec.com. #avgeek
New York, NYJoined August 2009
2,910 Following
73.4K Followers

Patrick Chovanec’s Tweets

Patrick Chovanec
@prchovanec
In the span of a single lifetime.
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Amazing Astronomy
@MAstronomers
These two photographs are separated by 66 years. 😯 Wright Brothers First Flight in 1903 and Astronaut Edwin "Buzz" Aldrin stands on the moon during the Apollo 11 mission in 1969. Credit: NASA / MCT, National Archive/Newsmakers
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Patrick Chovanec
@prchovanec
It's important to remember that none of these figures is adjusted for inflation, and that the PCE price index has been running between +5.5% and +6.5% y/y throughout this year.
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Patrick Chovanec
@prchovanec
US orders for core capital goods, often seen as a leading indicator of business investment, fell -0.2% m/m in December, up +5.2% from a year ago (before adjusting for inflation). For Q4, orders were flat q/q, up +5.6% y/y. For 2022 as a whole, orders were up +8.4% over 2021.
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Patrick Chovanec
@prchovanec
The increase in durable goods orders in December was mainly due to transportation equipment, which spiked up +16.7% m/m, up +32.8% from a year ago. For Q4, orders rose +5.6% q/q, up +23.5% from a year before. For 2022 as a whole, orders were up +19.2% over 2021.
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Patrick Chovanec
@prchovanec
Durable goods orders excluding transportation fell -0.1% m/m in December, up just +2.1% from a year ago (well below inflation). For Q4, orders fell -0.5% q/q, up just +3.3% from a year before. For 2022 as a whole, orders were up +6.4% from 2021 - roughly flat in real terms.
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Patrick Chovanec
@prchovanec
US durable goods orders spiked up +5.6% m/m in December, up +11.9% from a year ago (not adjusting for inflation). For Q4 as a whole, orders rose +1.6% q/q, up +9.7% from a year before. For 2022 as a whole, orders were up +10.5% over 2021.
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Patrick Chovanec
@prchovanec
It’s not really the Fed’s job to support equity prices. The notion that it is might be part of the problem.
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Ahan Vashi
@TQInvestor
Musk says - "The FED will crush all equities if it keeps going down the current path" $TSLA stock is rallying in after-hours.
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Patrick Chovanec
@prchovanec
Will the US experience a recession in the coming year?
When you make a selection it cannot be changed
483 votes17 hours left
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Patrick Chovanec
@prchovanec
“Can I phone a friend?”
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Washington Free Beacon
@FreeBeacon
Q: “Judge, tell me what article V of the Constitution does?” Biden judicial nominee: “Article V is not coming to mind at the moment.” “How about article II?” Nominee: “Neither is Article II”
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Patrick Chovanec
@prchovanec
As I said, when the Schiff incident was brought up: politicians call and complain to media all the time that they’re being treated unfairly. It may be inappropriate, but as long as media doesn’t bend, there’s no real scandal.
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Isaac Stanley-Becker
@isaacstanbecker
McCarthy had his general counsel "spend hours" with senior executives at Twitter trying to get Marjorie Taylor Greene back on the platform after she was banned for violating misinformation policies. From @jonathanvswan @CatieEdmondson nytimes.com/2023/01/23/us/
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Patrick Chovanec
@prchovanec
The other accusation against Schiff is that he improperly leaned on Twitter, only to get told to take a hike. That may pose a valid political criticism against him, but it doesn’t make him a security risk.
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Patrick Chovanec
@prchovanec
The main accusation against Schiff is that he peddled a story (Russian collusion) that his opponents argue was proven false. First, that’s only partly accurate. Second, the nature of political disagreement is to disagree about what is true and/or important.
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Patrick Chovanec
@prchovanec
With Swalwell, I at least get the implication (his connection with the Chinese spy). Even though the FBI cleared him of any wrongdoing, at least that casts a plausible shadow of concern.
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Patrick Chovanec
@prchovanec
I’ve yet to hear a concrete, substantive reason for this, besides “we don’t like his politics and priorities”. But the same can usually be said for the opposing party, no? And in the minority, he can’t control the committee’s agenda.
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Mike Pompeo
@mikepompeo
Let's be clear: Adam Schiff should be nowhere near the Intelligence Committee.
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Patrick Chovanec Retweeted
Richard Engel
@RichardEngel
From abroad, the mass shootings in the US seem like a preventable illness. Two friends in the UK independently told me “if Americans don’t want to fix the problem, I can’t feel sorry for them.” It gave me pause.
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Patrick Chovanec
@prchovanec
Count me as cynical, but I harbor serious doubts that cutting off aid to Ukraine will suddenly cause us to get serious about other stuff.
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The Recount
@therecount
Sen. J.D. Vance (R-OH) argues against military aid for Ukraine, claiming it’s not “where the real problem is.” Fox’s Brian Kilmeade: “Think down the line, though. You let Russia take 20% of a country, what about the next country? Give them another 20?… You gotta play this out.”
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Patrick Chovanec
@prchovanec
Don’t you dare say Trump has a special relationship with Putin, though.
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Aaron Rupar
@atrupar
Rep. Troy Nehls on Fox News says that if Biden really wants to end Russia's war on Ukraine, he needs to "call Donald Trump. Donald Trump will call Vladimir Putin and end this war."
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Patrick Chovanec
@prchovanec
People with Frenchness.
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APStylebook
@APStylebook
We recommend avoiding general and often dehumanizing “the” labels such as the poor, the mentally ill, the French, the disabled, the college-educated. Instead, use wording such as people with mental illnesses. And use these descriptions only when clearly relevant.
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Patrick Chovanec Retweeted
Cecilia Kang
@ceciliakang
Pivoting under pressure, TikTok fights back In interviews w/ us and in a new charm offensive in Washington, TikTok revealing details of their proposal to the Biden administration after months of stalled talks and dozens of bans on app w/
@sapna
@dmccabe
nytimes.com
TikTok’s New Defense in Washington: Going on the Offense
Keeping its head down has not paid off for the company, which now faces regulatory pressure on many fronts. So it is starting to speak out.
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