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In Westminster I often hear people say they want an “industrial strategy like China’s”. What they usually mean is subsidise my preferred industry. That misses what actually explains China’s success. I think @danwwang’s analysis here is right. Western elites keep citing the wrong…
In terms of wages, income, and wealth, Gen Z and Millennials are doing much better than previous generations. Corporate America is not failing the youth. It's only housing that's really broken.
Peter Thiel is right: Homeownership is America's main economic problem. If young people can't buy houses, they don't have nearly as much of a stake in the system. noahpinion.blog/p/housing-is-a…
EXCLUSIVE Wang Yi told Kaja Kallas that China cannot afford for Russia to lose the war in Ukraine, otherwise the US will divert its full focus to Beijing scmp.com/news/china/dip…
📢 NEW DATA! Javier Flórez, Mario Larch, Sebastien Bradley, and I are very happy share the update of the most disaggregated dataset of consistently constructed international and domestic trade flows -- GRANTPA. So, let’s estimate GRAVITY with GRANTPA. ideas.repec.org/p/drx/wpaper/2…
A few reactions to a thought provoking post from my friend @adam_tooze over the weekend. Some rather technical reactions, but also some big think reactions -- 1/ adamtooze.substack.com/p/chartbook-38…
This is the real “China shock.” China’s exports became much more competitive after joining the WTO. China lowered its own tariffs, causing a surge in its imports of intermediate inputs. The technology & quality “embedded” in these imports made China’s exports more competitive.
Why didn’t electrical engineers forecast the Iberian electricity crisis?
📢Heavily revised working paper on AI + Zoning — with @AlexBartik and @DMilo75, we have a new draft of our paper which expands on our method to understand housing regulations with AI. Incudes a new public data release with more housing regulation data:
we're being liberated from the yoke of exorbitant privilege as we speak.
Structural trends: a continuing story
Mario Draghi barrels into European politicians and leaders for their inaction: "You say no to public debt. You say no to the single market. You say no to create a capital market union. You can't say no to everything...You ask me what's best to do…I don’t know, but do something"
Draghi in Brussels: «You say no to public debt. You say no to the single market. You say no to create a capital market union. You can't say no to everything...You ask me what to do…I don’t know, but do something.»
Simply amazing statistics. From Mario Draghi's FT column.
Can Deep Research automate the work of research assistants? I compared OpenAI and Google Deep Research for assistance with an upcoming project. In the process, I realized what Deep Research is great at, where it fails, and why commentators have such diverging views on it. 🧵
In my first CPB column, I take a trip to the supermarket to buy ingredients for stamppot, and reflect on how this is connected to recent geopolitical tensions and the EU-Mercosur free-trade agreement.
In geopolitiek roerige tijden heeft de EU een handelsakkoord gesloten met de Mercosur-landen. Welke mogelijke invloed heeft het EU-Mercosur akkoord op de handel en op de geopolitieke situatie in de wereld? CPB’er Benjamin Wache bespreekt het: cpb.nl/over-vrijhande…
Appreciate the quick response to my paper with Sander Tordoir from @lugaricano -- there does seem to be a real consensus that Germany is now facing a China shock, even if there is still a healthy debate on the right response. A few reactions: (1/many) siliconcontinent.com/p/the-second-c…
My retweet of Ling-Ling Wei's comment that China's economy is actually in a bit of trouble prompted a number of these kinds of comments. I hadn't realized quite how many people still put faith in the official Chinese numbers. So some data highlighting signs of weakness 1/
lol, China economy collapse by growing at 4.5 %. Yeah. China haters please go dance n the streets and hope for 4.5% growth wherever you may be 💁 What a 🤡
Excellent interview of @SecGenNATO by @HenryJFoy which echoes EU/Rutte strategy of dealing with Trump I picked up in Bxl a few weeks ago. The biggest concern among senior EU and European NATO officials is that negotiations over Ukraine’s future turn into a “mini Munich” 1/
a useful chart in the free trade debate
United States Trends
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- 3. China 597 B posts
- 4. Congress 418 B posts
- 5. Nicolás Maduro 1,67 Mn posts
- 6. Cuba 264 B posts
- 7. Iraq 146 B posts
- 8. Noriega 61 B posts
- 9. Taiwan 140 B posts
- 10. The US 1,25 Mn posts
- 11. USS Iwo Jima 41,9 B posts
- 12. #madurocaptured 12,3 B posts
- 13. Monroe Doctrine 14,4 B posts
- 14. Panama 57,8 B posts
- 15. Iran 1,71 Mn posts
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- 17. Estados Unidos 1,02 Mn posts
- 18. Rubio 135 B posts
- 19. Libya 51,2 B posts
- 20. Chavez 356 B posts
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