Neil Irwin
@neilirwin.bsky.social
Chief Economic Correspondent at Axios. Author of daily Axios Macro newsletter. Author of "The Alchemists." Formerly: NYT, WashPost.
A thing about modern life I don't care for is every service provider hectoring you to give them an online review afterward. Constant texts trying to get me to give gold stars to the plumber, the furniture delivery guy, the pediatric urgent care, etc.
THAT'S WHAT THE MONEY IS FOR
THAT'S WHAT THE MONEY IS FOR
July 23, 2025 at 3:16 PM
A thing about modern life I don't care for is every service provider hectoring you to give them an online review afterward. Constant texts trying to get me to give gold stars to the plumber, the furniture delivery guy, the pediatric urgent care, etc.
THAT'S WHAT THE MONEY IS FOR
THAT'S WHAT THE MONEY IS FOR
Reposted by Neil Irwin
Some personal news... I'm leaving Axios at the end of this month! Which means there's now an opening for a markets reporter. Apply here! job-boards.greenhouse.io/axios/jobs/6...
Senior Reporter, Markets
Remote
job-boards.greenhouse.io
May 9, 2025 at 5:02 PM
Some personal news... I'm leaving Axios at the end of this month! Which means there's now an opening for a markets reporter. Apply here! job-boards.greenhouse.io/axios/jobs/6...
This is very good.
The dollar system has always been vulnerable to presidential whim
@bhgreeley.bsky.social being clever as usual:
- on.ft.com/3RLiCnD
@bhgreeley.bsky.social being clever as usual:
- on.ft.com/3RLiCnD
The dollar system has always been vulnerable to presidential whim
[FREE TO READ] But only now are asset managers beginning to reconsider the story of America as an inexhaustible well of safe bets
on.ft.com
April 11, 2025 at 11:16 PM
This is very good.
Now, more than ever:
a woman wearing glasses and a blue shirt is asking what a week huh ?
ALT: a woman wearing glasses and a blue shirt is asking what a week huh ?
media.tenor.com
April 9, 2025 at 8:11 PM
Now, more than ever:
Sometimes you just have to let the robot know who's boss.
April 8, 2025 at 6:36 PM
Sometimes you just have to let the robot know who's boss.
April 6, 2025 at 10:49 PM
Stroll down (unhappy) memory lane with the great @vermontgmg.bsky.social who is out with an oral history of the Bear Stearns collapse/rescue.
www.washingtonpost.com/opinions/int...
www.washingtonpost.com/opinions/int...
Opinion | The weekend that shook the world
Seventeen years ago, Bear Stearns collapsed over a weekend — what lessons remain today?
www.washingtonpost.com
April 1, 2025 at 1:36 PM
Stroll down (unhappy) memory lane with the great @vermontgmg.bsky.social who is out with an oral history of the Bear Stearns collapse/rescue.
www.washingtonpost.com/opinions/int...
www.washingtonpost.com/opinions/int...
If you're just a guy who has covered central banking for the last 20 years and has known Mark Carney and his mindset for a long time, it is disconcerting to watch this.
Carney: "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over."
March 28, 2025 at 12:31 AM
If you're just a guy who has covered central banking for the last 20 years and has known Mark Carney and his mindset for a long time, it is disconcerting to watch this.
Energy executives do not like what they're getting out of the administration.
"I have never felt more uncertainty about our business in my entire 40-plus-year career."
www.dallasfed.org/research/sur...
"I have never felt more uncertainty about our business in my entire 40-plus-year career."
www.dallasfed.org/research/sur...
Oil and gas activity edges higher; uncertainty rising, costs increase
Activity in the oil and gas sector increased slightly in first quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey.
www.dallasfed.org
March 26, 2025 at 3:02 PM
Energy executives do not like what they're getting out of the administration.
"I have never felt more uncertainty about our business in my entire 40-plus-year career."
www.dallasfed.org/research/sur...
"I have never felt more uncertainty about our business in my entire 40-plus-year career."
www.dallasfed.org/research/sur...
And then it was of course smooth sailing in the months and years that followed May 2007.
25 years ago, the S&P 500 hit its dot-com bubble peak. The max drawdown from that point was 49% and the index did not get to a new high until May 2007 - via Oppenheimer
March 24, 2025 at 1:49 PM
And then it was of course smooth sailing in the months and years that followed May 2007.
I like to eat the occasional banana and favor an economic structure that makes this possible.
March 14, 2025 at 5:06 PM
I like to eat the occasional banana and favor an economic structure that makes this possible.
It's just the preliminary numbers, for which n=~420, and sentiment hasn't been a good guide to consumer activity in recent years. But this is, um, really bad.
www.axios.com/2025/03/14/c...
www.axios.com/2025/03/14/c...
Consumer sentiment plunges in early March, inflation expectations soar
Even among Republicans, sentiment declined by double digits.
www.axios.com
March 14, 2025 at 3:13 PM
It's just the preliminary numbers, for which n=~420, and sentiment hasn't been a good guide to consumer activity in recent years. But this is, um, really bad.
www.axios.com/2025/03/14/c...
www.axios.com/2025/03/14/c...
This is maybe the most profound and important take ever for us to all internalize.
Powell's answer to what he's learned from the pandemic business cycle is perhaps the classic advice:
"However fat you think the tails are, they're fatter than you think."
"However fat you think the tails are, they're fatter than you think."
March 8, 2025 at 1:26 AM
This is maybe the most profound and important take ever for us to all internalize.
I will never tire of a company with a [checks notes] $1.03 trillion market cap sticking with a the 1997-era-Geocities-style website. At this point it would be disappointing if they were to modernize it.
February 22, 2025 at 4:04 PM
I will never tire of a company with a [checks notes] $1.03 trillion market cap sticking with a the 1997-era-Geocities-style website. At this point it would be disappointing if they were to modernize it.
This chart from the BLS's press release tells the not-so-great story of where we are on inflation.
February 12, 2025 at 1:39 PM
This chart from the BLS's press release tells the not-so-great story of where we are on inflation.
Hurts gets MVP, yes?
February 10, 2025 at 1:59 AM
Hurts gets MVP, yes?
Another Chiefs-Eagles Super Bowl is a dark timeline that we cannot avoid. Apparently.
January 27, 2025 at 12:53 AM
Another Chiefs-Eagles Super Bowl is a dark timeline that we cannot avoid. Apparently.
Who’s gonna make the Luvu dive a meme?
January 26, 2025 at 10:45 PM
Who’s gonna make the Luvu dive a meme?
Big news in the Fed press corps!
Thrilled to announce I’ve joined @nytimes to lead their coverage of the Federal Reserve and write about the US economy. Big thank you to @FT for a wonderful nearly 7 years. You can now reach me at colby.smith@nytimes.com
January 21, 2025 at 1:20 PM
Big news in the Fed press corps!
The NFL to everyone: ARE YOU NOT ENTERTAINED???
January 20, 2025 at 2:31 AM
The NFL to everyone: ARE YOU NOT ENTERTAINED???
Turns out it is enjoyable to watch your city’s NFL team play in a competent manner against excellent competition in the playoffs. Who knew?
January 19, 2025 at 2:42 AM
Turns out it is enjoyable to watch your city’s NFL team play in a competent manner against excellent competition in the playoffs. Who knew?
Defense, what is it?
January 19, 2025 at 2:28 AM
Defense, what is it?
NFL weeks, ranked:
1) Divisional playoff weekend
2) Conference championship weekend
3) Week 1
4) Super Bowl
5) Thanksgiving
6) Wild card weekend
1) Divisional playoff weekend
2) Conference championship weekend
3) Week 1
4) Super Bowl
5) Thanksgiving
6) Wild card weekend
January 18, 2025 at 3:04 PM
NFL weeks, ranked:
1) Divisional playoff weekend
2) Conference championship weekend
3) Week 1
4) Super Bowl
5) Thanksgiving
6) Wild card weekend
1) Divisional playoff weekend
2) Conference championship weekend
3) Week 1
4) Super Bowl
5) Thanksgiving
6) Wild card weekend
"The best way to make a successful transition to the public sector is to do so with humility. The alternative, in many cases, is to have humility thrust upon you."
www.wsj.com/opinion/the-...
www.wsj.com/opinion/the-...
Opinion | The Limits of ‘Running Government Like a Business’
After a long and successful private-sector career, I came to Washington—and it made me more humble.
www.wsj.com
January 18, 2025 at 2:26 PM
"The best way to make a successful transition to the public sector is to do so with humility. The alternative, in many cases, is to have humility thrust upon you."
www.wsj.com/opinion/the-...
www.wsj.com/opinion/the-...