Gregory Daco @GregDaco
Chief Economist @EYnews, @EY_US, @EY_Parthenon. Previously Chief Economist @OxfordEconomics, @IHSMarkit. Father of 3. Husband of 1. 🇺🇸 & 🇧🇪. Views are mine ey.com/en_us/strategy New York, NY Joined September 2011-
Tweets25K
-
Followers18K
-
Following2K
-
Likes5K
🇺🇸Underlying #inflation momentum is around 2.5% & not reaccelerating. No reason for excessively restrictive monetary policy. ▶️The @NewYorkFed Multivariate Core Trend (MCT) inflation decreased to 2.6% in March (-0.1ppt).
What 60,000 Headlines Say About the Fed’s Next Move bloomberg.com/news/features/… via @economics
🇪🇺 Weak growth in the euro area manufacturing sector, and lower price pressures in the services sector. Concerns over sticky inflation and wage growth are not backed by the data.
Ban on non-compete agreements sends shockwave across Wall Street via @FT on.ft.com/3WdMAUQ
⚠️Trump Allies Draw Up Plans to Blunt Fed’s Independence wsj.com/economy/centra…
⚠️UMich Surveys of Consumers will be transitioning from current method of cell phones interviews to web-based surveys from April to July. ⚠️This will lead to a downward bias in sentiment readings and an upward bias in inflation expectations data.sca.isr.umich.edu/fetchdoc.php?d…
⚠️UMich Surveys of Consumers will be transitioning from current method of cell phones interviews to web-based surveys from April to July. ⚠️This will lead to a downward bias in sentiment readings and an upward bias in inflation expectations data.sca.isr.umich.edu/fetchdoc.php?d… https://t.co/5tYvFDnlx5
A great op-ed by @Claudia_Sahm explaining why a strong US economy doesn't mean the Fed has to delay its rate cuts bloomberg.com/opinion/articl… via @opinion
🇯🇵The Bank of #Japan kept the range for its benchmark rate between 0% and 0.1%. Central bank didn’t signal a reduction of its bond purchases, saying instead it would buy them in line with its March decision. #Yen hit a fresh 34-year low earlier this week bloomberg.com/news/articles/…
EY-Parthenon Chief Economist Greg Daco @GregDaco and John Hancock Investment Management Co-Chief Investment Strategist Emily Roland tell @CNBCTheExchange the economy is not as bad as the headlines suggest.
Jason Furman @jasonfurman
157K Followers 2K Following Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow @PIIE. Was Chair of President Obama's CEA.Callum Thomas @Callum_Thomas
116K Followers 4K Following Head of Research, Founder: @topdowncharts Global Macro & Asset Allocation Research (tweets = not advice) NOTE: I will never DM you -- beware of scammers.Dario Perkins @darioperkins
60K Followers 2K Following MD Global Macro @TS_Lombard, macro themes/research/risks, central-bank specialist, started career at HM Treasury in late 90s, ex ABN AMRO, AC Milan fanMichael A. Arouet @MichaelAArouet
75K Followers 767 Following Compounding. Charts and as I don’t need to sell anything here also irony. No investment advice. I don’t send DMs, my impersonators do. I‘m not on Telegram etc.Daniel Lacalle @dlacalle_IA
147K Followers 13K Following PhD #Economist #Author. Chief Economist, Tressis. #Professor @IEbusiness #Advisor @frdelpino. YouTube: https://t.co/sjWtBdfIT7David Rosenberg @EconguyRosie
261K Followers 337 Following Founder and President of Rosenberg Research & Associates Inc. Retweets, Likes and Follows are not endorsements.jeroen blokland @jsblokland
113K Followers 692 Following Founder Blokland Smart Multi-Asset Fund, investing in scarce assets, Quality Stocks, Gold, & Bitcoin. Founder True Insights - independent investment research.Diane Swonk @DianeSwonk
46K Followers 615 Following Chief Economist, @KPMG_US. Briefs Federal Reserve. Trained labor economist. 36 yrs experience in financial services & consulting . RTs not endorsements. She/herJoseph Wang @FedGuy12
159K Followers 598 Following Subscribe at https://t.co/VGtUvtX2QK for latest thoughts and analysis. YouTube: https://t.co/wTjbN1iNQ8ISABELNET @ISABELNET_SA
52K Followers 18K Following Advanced Stock Market Forecast for Professional & Individual available on https://t.co/BINsAzHa69 • 96% Correlation since 1970 • R² = 0.92 • Tweets ≠ AdviceJens Nordvig 🇩🇰.. @jnordvig
59K Followers 2K Following PhD Economist, Founder+CEO @ExanteData & @MarketReaderInc Formerly: MD at Goldman, Head of Research at Nomura & Bridgewater. #1 Ranked by Institutional Investor(((The Daily Shot))) @SoberLook
149K Followers 273 Following The Daily Shot is a graphical, no-hype global financial and economic newsletter (see sample: https://t.co/HjT4hq9I8N).Kantro @MichaelKantro
86K Followers 806 Following Chief Investment Strategist at Piper Sandler. CFA, Factor Investing, #HOPE, Respect The Lag, Not Financial AdviceLawrence McDonald @Convertbond
119K Followers 14K Following NY Times Bestselling Author, "When Markets Speak" on sale date is March 26, 2024. Long-time @RealVision @CNBC Contributor, founder of the @BearTrapsReportAdam Ozimek @ModeledBehavior
83K Followers 868 Following Chief economist at @InnovateEconomy. Host of the EconTwitter Water Cooler, live on twitter spaces and downloadable here: https://t.co/toyjfDruRuSkanda Amarnath @IrvingSwisher
26K Followers 5K Following Executive Director - @employamerica. RTs/likes != endorsements. https://t.co/tKsuuvVYoc @skandaamarnath on other sites. Charitable interpretation advisedLiveSquawk @LiveSquawk
284K Followers 2K Following Up-to-the-second financial markets news. Try our audio squawk service today: https://t.co/vzxJlLhRIvSam Ro 📈 @SamRo
66K Followers 3K Following Award-winning writer of @TKerLLC, the newsletter helping investors maintain sanity amid the noise. 25k+ subs. Long-term optimist. Short-term cautious optimist.Jeanna Smialek @jeannasmialek
66K Followers 2K Following Federal Reserve and economy reporter @nytimes. Pittsburgh native, Tar Heel. Wrote a book on central banking's new era, link below.Not Michelangelo @MichelangeloNot
60 Followers 572 FollowingJeremy Scrivens @JeremyScrivens
144K Followers 133K Following Positive Change, Transformation and Design of Modern Working in Disruptive Times. Thought Leader, Consultant, KeyNote Speaker and FacilitatorJJ Pop @gilly0022
133 Followers 630 Followingsmallbird @BigBlackDog1998
78 Followers 751 Following God bless, America. The land of the free and the home of the brave!John Kenevey @Kenevey
335 Followers 4K Following While differing widely in the various little bits we know, in our infinite ignorance we are all equal. — Karl PopperAbandonHope @AbandonHope192
586 Followers 4K Following Just here to learn from your charts and trading ideas. macro & quant modelling. Financial advice, if you're a moronSmewshat @Smewshat95c
2 Followers 56 FollowingWadeDC @wadehs
9 Followers 162 FollowingCedric Alexander @cednofool
86 Followers 150 Following Thank God for everything! Family Man, Forex Trader and Entrepreneur!Githa_US_ @GithaUs31115
84 Followers 2K FollowingHowie Zen @setox
691 Followers 1K Following 🌐 NY Press Member & Web Wizard 📰 | Tiny House Architect & Structural Enthusiast 🏠 | Geek Chic & Viral Virtuoso 🤓 | Crafting stories & buzz in NYC 🚀🐝morahim @morahim1660311
1 Followers 15 Followingvictor__alfa 🧙�.. @victor__alfa
686 Followers 1K Following 🧙♂️ Cripto 👽 Economista https://t.co/znPSEJfliL 💬 Co-fundador @resenhaonchain https://t.co/6S1nblNRmF 🌿 Embaixador @Kanna_Coinfacundo @FacuBuzali
36 Followers 29 FollowingMichael Stancil @STNC
834 Followers 86 Following Growth Marketer. FoPo, Aviation, and EVs for fun. Opinions are my own. 💍 @zpyeungMariah Measey @MariahMeasey
518 Followers 5K Following Financial comms. NYC-based but NJ has my heart. Opinions are my own.James @yxz8
167 Followers 85 Following Slow is fast. An observer of world affairs. Stay curious if not young.David Chau @dchau75
499 Followers 5K Following Husband + Father = Lucky SacramentoKings, SanFrancisco49ers, SanFranciscoGiantsDeSota Wilson @desota
8K Followers 7K Following Biz consultant | real estate, oil, stocks, #BTC | army brat ☮️ | @UNC alum 🐏 | @kapsi1911 ♦️👌🏾 | Girl Dad ❤️ | RT/Likes not endorsements | my own words = -DWManfred Hate Account @PolicyWonk1848
1K Followers 4K Followingus_Athena_ @us_athena45182
40 Followers 2K FollowingPranav Joshi @pranavjb7
13 Followers 47 FollowingDaniel Thengvall @DTHENG
12 Followers 24 Following Daniel is an engineer living in San Francisco, currently a Senior Software Engineer at Cruise, previously worked at Wyre, SnapCard and Rixty.Chris in Canada 🍁 @chrisinmontreal
10K Followers 361 Following Focus: Canadian energy markets/OFS, Canadian REITs. Trying to be ahead of the curve.Bazza de @Barryde
184 Followers 150 FollowingMark Arnone @MGArnone
130 Followers 2K FollowingTSerots @x1r3t5a
16 Followers 303 FollowingAlexandra Merritt @alxlmerritt
2 Followers 18 FollowingbOta @bOta880
509 Followers 4K Following Maverick - Capitalist - Investor - Trader - World Traveler - Tech Enthusiast - FuturistJackie Ching @Hcjackieca
0 Followers 1 FollowingDavid Johnson @DavidJo23167153
401 Followers 2K Followingbryceney spears 🦋 @brycetreb
311 Followers 311 Following Currently: @britneyspears army. Always: Super 🏳️🌈 and Wisconsinite 🐄 🧀 🍺. Probably riding the bus.Doug Walton @DougWalton_
70 Followers 223 Following Social policy researcher @AbtAssociates. Program Evaluation, Workforce, Career Training, & Housing. Formerly @PewTrusts, Alum of @PittEcon & @JohnCarrollUFinance Owl @FinanceOwl1
143 Followers 147 Following Market observer and passionate Federal Reserve watcher…doves and hawks but never any owls…Elijah Shackelford @eshack94_dev
270 Followers 930 Following 🚀👨🏽💻🛠🎧⚡️ Any opinions expressed are solely my own and do not express the views or opinions of my employer.Liz Ann Sonders @LizAnnSonders
413K Followers 682 Following Chief Investment Strategist, Charles Schwab & Co., Inc. Disclosures: https://t.co/UPkjXSZ9ucNick Timiraos @NickTimiraos
324K Followers 111 Following Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”Robin Brooks @robin_j_brooks
306K Followers 209 Following Senior Fellow @BrookingsInst, previously Chief Economist @IIF and Chief FX Strategist @GoldmanSachs. Opinions are my own. Email: [email protected].Holger Zschaepitz @Schuldensuehner
333K Followers 363 Following Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: https://t.co/0T7FGGZvLQLisa Abramowicz @lisaabramowicz1
378K Followers 1K Following Co-host of @bsurveillance; Sign up for the newsletter here: https://t.co/4EBiPWI8EnBob Elliott @BobEUnlimited
138K Followers 688 Following CIO at @UnlimitedFnds | PM of $HFND | Fmr IC @Bridgewater | Described as one of the few "sane" voices on #fintwit | Comments are not investment adviceChristophe Barraud�.. @C_Barraud
183K Followers 342 Following CEO and Sales Manager at Market Securities Monaco SAM | Chief Economist | PhD | Bloomberg 🇺🇸 🇪🇺 🇨🇳 "Top Forecaster" for several years | RT ≠ endorsementJason Furman @jasonfurman
157K Followers 2K Following Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow @PIIE. Was Chair of President Obama's CEA.Callum Thomas @Callum_Thomas
116K Followers 4K Following Head of Research, Founder: @topdowncharts Global Macro & Asset Allocation Research (tweets = not advice) NOTE: I will never DM you -- beware of scammers.Conor Sen @conorsen
92K Followers 295 Following Columnist for @opinion. Founder of Peachtree Creek Investments. Sun Belt/monoculture enthusiast. The future is a policy choice.Dario Perkins @darioperkins
60K Followers 2K Following MD Global Macro @TS_Lombard, macro themes/research/risks, central-bank specialist, started career at HM Treasury in late 90s, ex ABN AMRO, AC Milan fanJurrien Timmer @TimmerFidelity
185K Followers 1K Following Dir. of Global Macro @Fidelity. Student of history, chart maker, cyclist, cook. Helping investors break thru the clutter. Views are mine. https://t.co/9Pn7wGwMzpMichael Pettis @michaelxpettis
147K Followers 208 Following Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at [email protected]Daniel Lacalle @dlacalle_IA
147K Followers 13K Following PhD #Economist #Author. Chief Economist, Tressis. #Professor @IEbusiness #Advisor @frdelpino. YouTube: https://t.co/sjWtBdfIT7David Rosenberg @EconguyRosie
261K Followers 337 Following Founder and President of Rosenberg Research & Associates Inc. Retweets, Likes and Follows are not endorsements.jeroen blokland @jsblokland
113K Followers 692 Following Founder Blokland Smart Multi-Asset Fund, investing in scarce assets, Quality Stocks, Gold, & Bitcoin. Founder True Insights - independent investment research.Bespoke @bespokeinvest
206K Followers 905 Following Bespoke Investment Group - Financial Markets Research. Learn more here: https://t.co/cQM6mJs66OJonathan Levin @JonathanJLevin
5K Followers 3K Following Writing about markets for @opinion. Former Bloomberg Miami bureau chief. Stints in Mexico City, Sao Paulo, Rio de Janeiro, La Paz. From the Philly suburbs.Josh Lipton @joshuahlipton
12K Followers 1K Following @YahooFinance anchor / @CNBC alum / “You look taller on television” - Tim CookBrendan Duke @Brendan_Duke
3K Followers 2K Following Econ nerd @amprog | Former Biden-Harris National Economic Council tax/budget/supply chains |@SenatorBennet/@JECDems/@CenterOnBudget alum | Tweets are 100% mineMonica de Bolle @bollemdb
11K Followers 433 Following Economist, Immunologist, Microbiologist. Senior Fellow | PIIE; Professor | CLAS, Georgetown University; "Know Thyself." https://t.co/3OK1ILy2XZVelina Tchakarova @vtchakarova
155K Followers 7K Following Geopolitical Strategist| Chief Strategic Foreseer | I coined #Dragonbear |#geopolitics |#GlobalSystem | #realpolitik | #foresight | #trends | #risks | #RWRIChris Salviati @chris_salviati
2K Followers 374 Following Studying urban economics with a focus on the rental market @ApartmentList. Also riding bikes and walking the dog. That about sums it up.Lisa Mateo @LisaMateoTV
18K Followers 647 Following Emmy Nominated Journalist | @bsurveillance 7-10 am ET | TEDx Speaker | Fitness Trainer | 🇵🇷 | Views are my own.Paul Sweeney @ptsweeney
3K Followers 1K Following Co-host, Bloomberg Surveillance and Bloomberg Markets on Bloomberg Radio. Retweets are not endorsements and opinions are my own.Will Stancil @whstancil
81K Followers 510 Following I research metro policy and civil rights, focused on housing and schools. Proud member of Do-Something Twitter. Running for MN House! https://t.co/Q5xzs7kUmwMarna Ricker @MarnaRicker
1K Followers 1K Following EY Global Vice Chair, Tax. Transformational business leader, creating a culture of belonging + empowerment. Glass-ceiling breaker. Mother.Robert Jameson @rhjameson
6K Followers 2K Following @business Editor, EcoGov | @Columbia CC'93, JS'94| husband, dad, takes in stray cats | rjameson@bloomberg | opinions = mineMichael Green @profplum99
173K Followers 1K Following Chief Strategist Simplify Asset Management | PM of $FIG | not investment adviceJanet Truncale @Janet_Truncale
622 Followers 496 Following EY Global Chair and CEO-elect. Proud Mom. Board Chair of @womensworldbnkg. On Board of Directors at @UNICEFUSABrooke Baldwin @BrookeBaldwin
361K Followers 2K Following “Strong back, soft front, wild ♥️.” Artist / Host, The Trust on Netflix / Journalist / Bestselling Author, HUDDLEAlexandra Canal @allie_canal
2K Followers 293 Following Senior Reporter @yahoofinance | Formerly: @people | @Georgetown alum - Go Hoyas! | Tips: [email protected]The Economic Club of .. @EconClubNY
8K Followers 706 Following Brightest minds. Critical issues. Pressing questions. Celebrating 115 years.Althea Spinozzi @Altheaspinozzi
15K Followers 601 Following AKA "The Bond Girl", Head of Fixed Income Strategy @SaxoBank Alumni @Northeastern and @LSEZack Labe @ZLabe
66K Followers 1K Following Climate Scientist (Atmospheric) PhD | Postdoc at @Princeton and @NOAA_GFDL | Sharing data-driven stories | He/Him | Views my ownJill Castilla @JillCastilla
23K Followers 12K Following Here to serve. President & CEO @CitizensEdmond & the military bank @bankonroger; Army mom, spouse & vet; Navy mom; Civilian Aide to the @SecArmy; Views=MineClaudia Goldin @PikaGoldin
18K Followers 1 Following Henry Lee Professor of Economics, Harvard University; Director, NBER, Dev of the Am Economy program, 1989-2017; President, American Economic Assoc., 2013/14Patrick Saner @patrick_saner
15K Followers 582 Following Head Macro Strategy @SwissRe. Former World Bank, SNB and UBS. Views are my own/personal.Pyotr Kurzin @PKurzin
49K Followers 997 Following Geopolitics, Current Events, Macro & Climate | Exp @worldbank, @CrisisGroup, @UN | MA @SAISHopkins | YouTuber @theglobalgambit. In ABC, Kitco, Evening StandardAlex Etra @EtraAlex
4K Followers 2K Following Senior Macro Strategist, Exante Data. Ex-Fed. Views my own. @exantedataMarieke Blom @Mariekeconomie
10K Followers 613 Following Chief economist @ing_news Follow us: @ing_economics (global) @ingnl_economie (Nederland)Zach Pandl @LowBeta_
891 Followers 913 Following Research @grayscale. Opinions are my own. Disclosure: https://t.co/ojLj461QLgParker Ross @Econ_Parker
12K Followers 660 Following Global Chief Economist @ Arch Capital Group | ex JPM AIG HUD | Husband to Jamie & Dad to Lando & Grey | No investment advice & views are my own 🦬🇺🇸🇮🇱Megan Leonhardt @Megan_Leonhardt
6K Followers 733 Following Senior economics writer with @barronsonline, previously @FortuneMagazine, @CNBCMakeIt, @MONEY. Send comments, questions to megan.leonhardt(at)barrons(dot)comKathryn Rooney Vera @KRooneyVera
7K Followers 885 Following Chief Market Strategist. Tweet on global macro, economics, markets, capitalism. Jersey to Miami, Mother of 5. Opinions are my own. You #makeyourownluck.Gunjan Banerji @GunjanJS
45K Followers 3K Following Covering markets & money @WSJ, Contributor @CNBC. Dancer. New Yorker. Reach me at [email protected] Views are my own.the ghost of groditi�.. @GRoditiD
20K Followers 554 Following Personal opinions of Guillermo Roditi Dominguez. hates: prison industrial complex. ❤️: water infra. he/himJoshua Mask @joshuafmask
2K Followers 5K Following Labor Economist @TempleUniv. I study how labor market conditions at the start of your career affect lifetime earnings. RPCV @PeaceCorps @pcugandaDani Burger @daniburgz
24K Followers 980 Following Anchor @bloombergtv Bloomberg Brief, 10am UK, 5am ET. All things markets and investing. Future sled dog racer. Hoos. [email protected]Courtney Shupert @courtelizashup
533 Followers 930 Following I analyze economic data for a living & for fun.Market Radar @themarketradar
10K Followers 548 Following Just some Chads trying to save Simps from Wall Street. Institutional data and quant models simplified for the everyday investor. It’s not financial advice.gilles Moec @MoecGilles
2K Followers 272 Following (Very) French economist in London. Ruminates too much about monetary policy. AXA Group Chief Economist since June 2019.Shanghai Macro Strate.. @ShanghaiMacro
42K Followers 224 Following China strategist. Author of bi-weekly China Macro Watch. Mission: bridge the information gap between the East and the West. Contact: [email protected]WarTranslated (Dmitri.. @wartranslated
582K Followers 802 Following 🇪🇪 Estonian-born blogger | https://t.co/9xI5FOCv5u | DMs open for submissions and commentsChrisO_wiki @ChrisO_wiki
196K Followers 339 Following Independent military history author and researcher. Also at https://t.co/T008p5JDErJeff Weniger @JeffWeniger
37K Followers 1K Following WisdomTree Head of Equities / Markets / Stocks. Regular contributor on financial media. Twitter Spaces ninja. https://t.co/1usXI7qALRJeremy Schwartz @JeremyDSchwartz
23K Followers 2K Following Global Chief Investment Officer @WisdomTreeFunds. Host of Behind the Markets @SXMBusiness Powered by @Wharton @SiriusXM 132 https://t.co/vIyXAnNYliThe Business Briefing @BizBriefing
8K Followers 3K Following @SiriusXM's brand new Business news show. Hosted by @JanetOnTheMoney on @SXMBusiness Channel 132 weekday mornings at 9AM ET/6AM PT.Tarric Brooker aka Av.. @AvidCommentator
31K Followers 405 Following Journalist & Analyst Contributor for @newscomauHQ Help support my content https://t.co/07fo3eHZLI My opinions are my ownChris Weston @ChrisWeston_PS
24K Followers 1K Following Head of Research at Pepperstone. If you like the cut of my jib, sign up to the ‘Daily Fix’ research note - https://t.co/9disnoaBdSScott Winship @swinshi
10K Followers 1K Following Senior Fellow & Director, Center on Opportunity and Social Mobility @AEICosm. Previously Exec Dir, Joint Economic Committee. Beatles fanatic. Personal accountThe structural undersupply in the housing market isn't just about the number of units, its about the efficiency of use for units. Boomer + Silent generations have basically taken 50% of the housing market offline for those who want to raise children in a single family home.
Might be worth some caution with the Michigan data going forward due to the methodology shift.
⚠️UMich Surveys of Consumers will be transitioning from current method of cell phones interviews to web-based surveys from April to July. ⚠️This will lead to a downward bias in sentiment readings and an upward bias in inflation expectations data.sca.isr.umich.edu/fetchdoc.php?d…
.@OxfordEconomics: "The University of Michigan measure of consumer sentiment is transitioning to a web-based methodology that appears likely to depress the headline measure over the next few months. This is another reason not to read too much into current trends..."
Ok nerds, let’s talk triangle weighting. A lot of people (well, two…) have asked my why March core PCE inflation came in as expected at 0.3%, when that was the expectation *before* the GDP report came out with the higher-than-expected core rate for Q1. After all…
The quarterly core PCE data point to an underlying trend right now in the high-2s. The monthly data suggest something a touch firmer--3%. Given the head fake we got on the downside in 2023, not confident in a reacceleration story yet, but inflation progress is slowing. /1
Low 3M inflation in 2023 H2 gave a false signal of where trend was. Likewise, *for now* we should take the firm Q1 with a grain of salt. A simple YY, or a more sophisticated approach that filters out typical noise, yield similar answers: 2.8-2.9%, so ~ 2 1/2-3% w/ upward bias.
👇🎯 Once again, words used to have meaning x.com/mcopelov/statu…
Great illustration of why US stagflation discourse is completely misguided ⤵️
I’m perplexed by the sell-off in stock and bond markets in response to today’s GDP report for the 1st quarter. The increase in real GDP was a bit softer than I had expected, but only a bit, and the report remains consistent with the economy growing at its potential. The weaker…
Today is my last day at @WSJ. I’m joining Yardeni Research as their chief markets strategist, working for Ed Yardeni. Grateful to have worked with truly exceptional colleagues at the Journal. I’m excited to join Yardeni soon; you can reach me at [email protected]
US GDP and real facts Go through the thread 🧵 #GDP
🇺🇸US Economy Disappoints for the Right Reasons 📉 Real #GDP only advanced 1.6% annualized in Q1 2024, following strong +3.4% in Q4 '23 But while the headline print missed expectations by a mile, most of the shortfall stemmed from stronger imports pulled in by solid final demand
EY-Parthenon Chief Economist Greg Daco @GregDaco and John Hancock Investment Management Co-Chief Investment Strategist Emily Roland tell @CNBCTheExchange the economy is not as bad as the headlines suggest.
.@GregDaco this is 💯 the correct take. 👏🏻👏🏻👏🏻 1. Stronger than headline 2. Higher inflation increases the risk of a policy mistake 3. Higher for longer will continue exerting downward pressure on growth and prices.
🇺🇸US Economy Disappoints for the Right Reasons 📉 Real #GDP only advanced 1.6% annualized in Q1 2024, following strong +3.4% in Q4 '23 But while the headline print missed expectations by a mile, most of the shortfall stemmed from stronger imports pulled in by solid final demand
The 3.7% core PCE beat is likely due to revised seasonal factors that boosted some of the PPI items in Jan/Feb (and maybe Mar). Think airfares and imputed financial serv. Mar may be higher due to imputed financial serv. Consensus of 0.30% more likely will straddle 0.3%/0.4%.
Historic debt reductions in small South European economies continue. Public debt to GDP ratio in Greece is now the lowest since mid-2012 (debt write-off), and in Portugal since mid-2010, dropping to below 100%. The two have cast off the long shadow of the Eurozone debt crisis.
Euro area government #debt at 88.6% ec.europa.eu/eurostat/en/we…
The unfolding debt reduction episodes in Southern Europe are for the history books. The ones in 🇬🇷🇨🇾🇵🇹 are already the fastest on record - and likely soon to be the largest on record.
Historic debt reductions in small South European economies continue. Public debt to GDP ratio in Greece is now the lowest since mid-2012 (debt write-off), and in Portugal since mid-2010, dropping to below 100%. The two have cast off the long shadow of the Eurozone debt crisis.
I had a big birthday today, and I would like to thank a few people who timed key events very thoughtfully to fit with the date: 1/ @taylorswift13 releasing her new album today 2/ @satoshi planning the 'halving' so many years in advance to fit 3/ @SpeakerJohnson managing to…
@GregDaco We’ve had really nice weather here recently
The % decline in hiring rate from the November 2021 peak is tracking what we experienced in the 2006-09 cycle.