As I showed yesterday, business investment in software & tech is adding more to GDP growth than ever before.

But here’s the catch: that capex contribution only captures the domestic slice of the boom.

Imports of Tech capex - up 90% in 2 years - tell the rest of the story.

More in 🧵

#EconThreads

The July jobs report revision would likely point to job losses, they know the August report will look bad as well. Core inflation for food, utilities, transportation, housing, and healthcare are climbing, and bankruptcies are soaring. #econthreads

Silver has spent 14 years below its previous all time high. Gold is well above its previous highs, is it time for silver to play catch up? #econthreads #silver

I heard a disturbing stat recently about online gambling. 50% of men under 60 have a sports betting account. States that legalized online gambling saw an average increase in bankruptcies of 28% in the following four years. A crisis is brewing. #econthreads #sportsbetting

If you're wondering how bad EconThreads, the #EconSky equivalent on Threads, is, here's a screenshot courtesy of my burner account

Vibe-based posts from random influencers, posts from weeks, and even months, ago

My For You feed is also a marginally less awful version of Bluesky's Discover

EconThreads, the Threads equivalent of #EconSky, never was as vibrant as EconSky

But dear Lord, the hashtag (or whatever Meta calls the awful and confusing tag system they implemented in Threads) is literally a ghost town

Tariffs might feel like action—but what’s the actual strategy?

@pkrugman.bsky.social asks what many avoid: is there an endgame in the U.S.–China trade war, or just permanent tension and economic self-harm?

#TradePolicy #USChina #Krugman #Tariffs #EconThreads

Buying bonds isn’t appealing until yields nearly double. The budget bill being worked on we’ll be running 2.5-3 trillion dollar deficits per year. 10-12 trillion dollars will be printed over the next four years or about 30% of the entire national debt. 7.5% per year is your break even. #econthreads

The money printers are turning back on. The fed bought 43.6 billion dollars of treasuries last week. Looks like the fed is trying to keep bond yields from spiking so they’re going to inject liquidity which will inevitably create more inflation. #econthreads www.morningstar.com/news/marketw...

👋🏿
I latched onto #techthreads after #econthreads imploded.

Tbh this was like a day after threads launched...

😂

Before I get into the details of this morning's jobless claims data, I want to highlight an important caveat to the data for the next few weeks: holidays create significant distortions to weekly data in mid-late November and into early December.

Much more in the 🧵
#EconThreads

Slides and video from today's taxpolicycenter / Hutchins Center @BrookingsInst
conversation about the Tax Cuts and Jobs Act posted here. Good one-stop-stopping for folks who know this is important, but haven't had time to study it. #EconThreads www.brookings.edu/events/the-t...

Finally! Fed Vice Chair Michael Barr will preview changes to Basel III Endgame proposal at Hutchins Center @BrookingsInst
on Tuesday, Sept 10, at 10 a.m. EDT. In person (registration required) and livestreamed. brookings.edu/events/the-b... #Basel3 #EconThreads

I'm not anti-AI.

But an academic publisher selling access to its published material to train an AI system without informing authors, nor providing an opt-out, is both unacceptable and very on brand for academic publishing.

#AcademicThreads #EconThreads #MonitoringLogology

The Federal Reserve left interest rates unchanged, as widely expected. And it hinted it will be cautious about cutting rates.
#EconThreads #NumbersDay
Statement: www.federalreserve.gov/newsevents/p...
Live coverage: www.nytimes.com/live/2024/01...

So is econthreads 📈📉 mostly dead? Had a peek out of curiosity and the accounts I saw don't seem to have been active for a few months...

As economists we should be relatively indifferent between the alternative networks [politics of them aside]. So I feel we ought to have network-neutral or network-encompassing community aids. Some #econnet thing rather than #econsky #econthreads etc. A website with lists of handles..