Michael Redmond
@mredmond88.bsky.social
Quite the swing here from “Mexico will pay for the Wall” to having each American taxpayer chip in almost $300 for it. And you’d think Mar-a-Lago fees could go to security for the President who refused his $400k salary 🙄
June 16, 2025 at 3:34 AM
Quite the swing here from “Mexico will pay for the Wall” to having each American taxpayer chip in almost $300 for it. And you’d think Mar-a-Lago fees could go to security for the President who refused his $400k salary 🙄
Tariffs may not have showed up much in retail inflation through May, but import prices haven’t fallen through April like you’d expect if foreigners were “eating” the costs either
June 12, 2025 at 2:56 AM
Tariffs may not have showed up much in retail inflation through May, but import prices haven’t fallen through April like you’d expect if foreigners were “eating” the costs either
Teleworking in the federal government has now dropped below the private sector average despite public workers skewing towards the more educated, professional services sectors that telework the most. www.bls.gov/opub/ted/202...
May 23, 2025 at 5:08 PM
Teleworking in the federal government has now dropped below the private sector average despite public workers skewing towards the more educated, professional services sectors that telework the most. www.bls.gov/opub/ted/202...
Liberals should try the *hardest* to knock the 3% of long-term non-disabled, non-workers off Medicaid rolls or convince the broader population that healthcare is best delivered universally. Otherwise, it hurts the program’s reputation and that’s why states like Missouri struggled to expand coverage
May 17, 2025 at 8:09 PM
Liberals should try the *hardest* to knock the 3% of long-term non-disabled, non-workers off Medicaid rolls or convince the broader population that healthcare is best delivered universally. Otherwise, it hurts the program’s reputation and that’s why states like Missouri struggled to expand coverage
The NY Fed numeracy screen is probably my favorite one of all economic surveys. If you’re a complete idiot, you think inflation is staying where it is; otherwise, you’re expecting tariffs to push it at least one percentage point higher 😆
May 8, 2025 at 9:29 PM
The NY Fed numeracy screen is probably my favorite one of all economic surveys. If you’re a complete idiot, you think inflation is staying where it is; otherwise, you’re expecting tariffs to push it at least one percentage point higher 😆
The GDP report showed a big jump up in the Q1 federal government price deflator as taxpayers paying for severance packages to employees who are no longer working counts as inflation (i.e., spending more to get less service). DOGE is doing "efficiency" in the least efficient way possible!
May 4, 2025 at 6:00 PM
The GDP report showed a big jump up in the Q1 federal government price deflator as taxpayers paying for severance packages to employees who are no longer working counts as inflation (i.e., spending more to get less service). DOGE is doing "efficiency" in the least efficient way possible!
I’m generally in favor of free speech but think there should be licenses for podcasts in America lest we get idiots like Chamath trying to describe “the Fed put”
April 27, 2025 at 2:44 AM
I’m generally in favor of free speech but think there should be licenses for podcasts in America lest we get idiots like Chamath trying to describe “the Fed put”
Canceling offshore wind projects is not part of an “all-of-the-above” strategy to lower consumer costs, and yet even projects now under way are vulnerable to federal interference
April 19, 2025 at 11:33 PM
Canceling offshore wind projects is not part of an “all-of-the-above” strategy to lower consumer costs, and yet even projects now under way are vulnerable to federal interference
One of the great ironies of Trump’s trade war will be the collapse of “Drill Baby Drill” as oil prices drop below shale patch breakevens
April 15, 2025 at 2:49 AM
One of the great ironies of Trump’s trade war will be the collapse of “Drill Baby Drill” as oil prices drop below shale patch breakevens
Some of the industry economists have been saying that their members are SO confused that they haven’t even bothered trying to stay on top of DC developments, and many think the madness worked out OK in 2017-19 so assume it will again. We’ll see. Not much evidence of DOGE spillovers in March NFP, tho
April 10, 2025 at 1:01 PM
Some of the industry economists have been saying that their members are SO confused that they haven’t even bothered trying to stay on top of DC developments, and many think the madness worked out OK in 2017-19 so assume it will again. We’ll see. Not much evidence of DOGE spillovers in March NFP, tho
Some solid reasoning here when I gave Perplexity that task: "But this is simplistic and ignores elasticity [of] demand"
April 3, 2025 at 1:17 AM
Some solid reasoning here when I gave Perplexity that task: "But this is simplistic and ignores elasticity [of] demand"
Canada chapter of the USTR report on foreign trade barriers looks benign, with just a few complaints about cheese standards, plastic packaging and the like. So if Canada gets hit with any significant “reciprocal tariff” number, it’s a sign the whole exercise is a farce ustr.gov/sites/defaul...
April 2, 2025 at 3:19 AM
Canada chapter of the USTR report on foreign trade barriers looks benign, with just a few complaints about cheese standards, plastic packaging and the like. So if Canada gets hit with any significant “reciprocal tariff” number, it’s a sign the whole exercise is a farce ustr.gov/sites/defaul...
My Kia dealership was very fired up about the election result favoring DJT in December; might be interesting to ask if that level of enthusiasm has been sustained through March
March 31, 2025 at 2:25 AM
My Kia dealership was very fired up about the election result favoring DJT in December; might be interesting to ask if that level of enthusiasm has been sustained through March
This chart of hard vs. soft components in the NFIB survey on small business confidence says so much about politics and society in America today. Business owners may soon realize they actually didn't have it so bad in the Biden era!
March 13, 2025 at 4:03 AM
This chart of hard vs. soft components in the NFIB survey on small business confidence says so much about politics and society in America today. Business owners may soon realize they actually didn't have it so bad in the Biden era!
The economic analysis from Charlie Kirk’s (comically elitist) essay calling on people to shut up about egg prices calls for several policies that will be inflationary even as he described them as lowering prices. Trump’s team is on track to learn some harsh macroeconomic lessons
March 9, 2025 at 7:07 PM
The economic analysis from Charlie Kirk’s (comically elitist) essay calling on people to shut up about egg prices calls for several policies that will be inflationary even as he described them as lowering prices. Trump’s team is on track to learn some harsh macroeconomic lessons
Good point @mattyglesias.bsky.social that a (carefully thought out) government efficiency drive would have been both good politics under Biden and good policy in an overheated economy. Heterodox economists consumed valuable time by focusing attention on price gouging rather than restraining demand
February 17, 2025 at 12:41 AM
Good point @mattyglesias.bsky.social that a (carefully thought out) government efficiency drive would have been both good politics under Biden and good policy in an overheated economy. Heterodox economists consumed valuable time by focusing attention on price gouging rather than restraining demand
Promise #1 in Project 2025 is off to a rocky start for the most prominent person in the administration it planned for
February 16, 2025 at 4:01 PM
Promise #1 in Project 2025 is off to a rocky start for the most prominent person in the administration it planned for
Sad to see the anti-America rhetoric focused on US trade policy in Canada today rather than on the epic hockey game that’s coming tonight
February 15, 2025 at 10:58 PM
Sad to see the anti-America rhetoric focused on US trade policy in Canada today rather than on the epic hockey game that’s coming tonight
Interesting, thanks. This is what I read, but I’m not sure it’s right
February 15, 2025 at 3:25 AM
Interesting, thanks. This is what I read, but I’m not sure it’s right
Would be awkward if tariff reciprocity was actually the plan, and the U.S. had to lower tariffs to match the Chinese rate 😆
February 14, 2025 at 12:58 PM
Would be awkward if tariff reciprocity was actually the plan, and the U.S. had to lower tariffs to match the Chinese rate 😆
Good points from Energy Aspects colleagues here that it’s much easier to say Drill, Baby, Drill than it is to actually boost US oil drilling
February 10, 2025 at 1:16 PM
Good points from Energy Aspects colleagues here that it’s much easier to say Drill, Baby, Drill than it is to actually boost US oil drilling
That’s mostly the population control effect. This is for the normal household numbers, but I’d make the same adjustment for the adjusted ones
February 7, 2025 at 2:11 PM
That’s mostly the population control effect. This is for the normal household numbers, but I’d make the same adjustment for the adjusted ones
Pretty funny that the new administration's input into the Treasury staff report on the state of the economic to its borrowing advisory committee (TBAC) is so apparent that they even have a different size of spacing in the document home.treasury.gov/news/press-r...
February 6, 2025 at 6:20 PM
Pretty funny that the new administration's input into the Treasury staff report on the state of the economic to its borrowing advisory committee (TBAC) is so apparent that they even have a different size of spacing in the document home.treasury.gov/news/press-r...
Both political parties have tended run the macro economy hot recently, with Trump pushing for tax cuts and Biden for essentially tax rebates when the labor market was either tight or on track to be tight. Fed Vice Chair Jefferson explains why the focus should be more on sustainability than heat
February 6, 2025 at 1:10 AM
Both political parties have tended run the macro economy hot recently, with Trump pushing for tax cuts and Biden for essentially tax rebates when the labor market was either tight or on track to be tight. Fed Vice Chair Jefferson explains why the focus should be more on sustainability than heat
Mostly defense, but there’s quite a bit of non-defense contract work for professional and maintenance services too files.gao.gov/multimedia/F....
January 31, 2025 at 8:23 PM
Mostly defense, but there’s quite a bit of non-defense contract work for professional and maintenance services too files.gao.gov/multimedia/F....