Steady Steak
@steadysteak.bsky.social
Hungry economist. Good at bad jokes.
Reposted by Steady Steak
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
Reposted by Steady Steak
“Why are you banging your head against that wall?
“Because it feels so good when I stop.”
“Because it feels so good when I stop.”
Trump on the markets: "Up 2500 points. Nobody has ever heard of it. Gotta be a record."
April 9, 2025 at 7:04 PM
“Why are you banging your head against that wall?
“Because it feels so good when I stop.”
“Because it feels so good when I stop.”
Reposted by Steady Steak
The manufacturing sector isn't responding well to the tariffs designed to help the manufacturing sector.
The composition of the ISM Manufacturing PMI release is unfavorable, with activity-related indices (e.g., employment and new orders) declining, while the prices index rose further.
2/2
2/2
April 1, 2025 at 2:32 PM
The manufacturing sector isn't responding well to the tariffs designed to help the manufacturing sector.
Amazing how Tesla consumers now are going to be made up of people who believe climate change is a hoax, voted for "drill, baby, drill" and usually despise rich men north of Richmond 🤔
March 12, 2025 at 2:14 PM
Amazing how Tesla consumers now are going to be made up of people who believe climate change is a hoax, voted for "drill, baby, drill" and usually despise rich men north of Richmond 🤔
Reposted by Steady Steak
If you are implementing a credible plan that entails short-term pain for long-term gain the stock market will go up not down.
March 10, 2025 at 6:53 PM
If you are implementing a credible plan that entails short-term pain for long-term gain the stock market will go up not down.
I lived long enough to see Bowman being outhawked at the FOMC!! 4 dots for no cuts today IMHO: Hammack (obvs), Schmid, Musalem and Logan...
December 18, 2024 at 8:14 PM
I lived long enough to see Bowman being outhawked at the FOMC!! 4 dots for no cuts today IMHO: Hammack (obvs), Schmid, Musalem and Logan...
Reposted by Steady Steak
Having nonsense views about the dollar and the trade balance: easy.
Having nonsense views that are mutually contradictory: that takes talent
paulkrugman.substack.com/p/from-exorb...
Having nonsense views that are mutually contradictory: that takes talent
paulkrugman.substack.com/p/from-exorb...
From Exorbitant Privilege to Invincible Ignorance
Arithmetic has a well-known globalist bias
paulkrugman.substack.com
December 13, 2024 at 1:43 PM
Having nonsense views about the dollar and the trade balance: easy.
Having nonsense views that are mutually contradictory: that takes talent
paulkrugman.substack.com/p/from-exorb...
Having nonsense views that are mutually contradictory: that takes talent
paulkrugman.substack.com/p/from-exorb...
Dear Santa, all I want this year is for US inflation to actually stay down. No sneaky January plot twists like last year, please. I can't handle another u-turn from Powell.
December 13, 2024 at 2:05 PM
Dear Santa, all I want this year is for US inflation to actually stay down. No sneaky January plot twists like last year, please. I can't handle another u-turn from Powell.
Waller leaning towards a Dec cut... but he was also leaning towards a 25 bps cut in Sept, and then voted for a 50. Another curveball? Or should we hand his credibility back? 🤔
December 2, 2024 at 9:20 PM
Waller leaning towards a Dec cut... but he was also leaning towards a 25 bps cut in Sept, and then voted for a 50. Another curveball? Or should we hand his credibility back? 🤔
Trump is tanking the stock market now, so when he is president it has a better chance of it showing stellar returns
a man in a leather jacket is making a funny face while looking at the camera .
ALT: a man in a leather jacket is making a funny face while looking at the camera .
media.tenor.com
November 26, 2024 at 12:59 AM
Trump is tanking the stock market now, so when he is president it has a better chance of it showing stellar returns
Reposted by Steady Steak
November 20, 2024 at 6:23 PM
Hello (blue) world
November 25, 2024 at 7:38 PM
Hello (blue) world