Armine Yalnizyan
@armineyalnizyan.bsky.social
4.7K followers 1K following 1.9K posts
Economist. Atkinson Fellow on the Future of Workers https://atkinsonfoundation.ca/atkinson-fellows/atkinson-fellow-on-the-future-of-workers/ Contributing Columnist for the Toronto Star https://www.thestar.com/ Mostly #cdnecon #CareEconomy #Inequality
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Reposted by Armine Yalnizyan
aaronwherry.bsky.social
This is a really useful table from the folks at IFSD — especially if we're about to talk a lot about public debt and the cost of carrying that debt.

www.policymagazine.ca/budget-2025-...
Reposted by Armine Yalnizyan
armineyalnizyan.bsky.social
OMG they're doing it to themselves: "mainstream" media are making themselves less and less relevant to the masses.
If it's about "ratings": there's more of us, together, than there are of them, over in their increasingly shrinking corner.
Reposted by Armine Yalnizyan
brettehouse.bsky.social
Private debt markets are expanding, but transparency hasn’t kept up. That's a problem.

As I told Edward Helmore at The Guardian, when assets aren’t marked to market and no one knows where the risks are concentrated, shocks can catch the system off guard.

www.theguardian.com/business/202...
armineyalnizyan.bsky.social
paging @twieditz.bsky.social
Have you updated the GTA story lately?
tristancorkpost.bsky.social
The number of ‘entire homes’ in Bristol that are on Airbnb instead of being rented out to long term tenants or otherwise lived in has now passed 2,000 for the first time.
Full story here:

www.bristolpost.co.uk/news/bristol...
Number of homes 'lost to Airbnb' in Bristol now above 2,000
One Airbnb company has 169 different properties they are letting out
www.bristolpost.co.uk
armineyalnizyan.bsky.social
Endless projection
atrupar.com
Mike Johnson: "They berated a Capitol police officer, screamed at him. He was merely standing his post. It shows, again, their disdain for law enforcement, the Democrats, screaming, assaulting officers."
armineyalnizyan.bsky.social
I think we may have both gone too far.
armineyalnizyan.bsky.social
Unifor (represents autoworkers at Jeep's Brampton assembly plant) says production will move to Illinois as part of a US$13-billion plan announced by Stellantis to expand U.S. production by 50 per cent over the next 4 yrs, as per Trump's stated goal: end vehicle assembly in Canada, move jobs south
cdnpress.bsky.social
Top things to know for today:

1️⃣ Unifor decries Stellantis move to U.S.
2️⃣ N.L. Tories say pocketbook issues won the election
3️⃣ Alberta set to receive report into health scandal
4️⃣ Teachers' strike cancels education practicums
5️⃣ Parliament interpreters slam new procurement rules
In the news today: Stellantis' move upsets union, conservatives win N.L. election
Here is a roundup of stories from The Canadian Press designed to bring you up to speed...
www.thecanadianpressnews.ca
armineyalnizyan.bsky.social
Too bad. Some headlines write themselves. "Voters choose a Conservative Butt for Dildo"
armineyalnizyan.bsky.social
IMF shot.
FT chaser: Things are great, but....
www.ft.com/content/87d7...
"JPMorgan, the largest US bank by deposits and assets, reported a slight increase in stress in its loan portfolio, with the proportion of loans marked as unrecoverable rising to the highest level since before the pandemic."
armineyalnizyan.bsky.social
Only 40% of these units are "affordable".
What's "affordable"?
CMHC definition: 30% of pre-tax income. But household pre-tax income varies a lot in Toronto.
Before Carney's Build Canada Homes program, "affordable" = below 80% of median market rent.
Is this rent or own @benspurr.bsky.social?
armineyalnizyan.bsky.social
IMF warns of rising odds of 'disorderly' global market correction
www.reuters.com/business/fin...

"Global markets are too comfortable with risks, including trade wars, geopolitical tensions and yawning government deficits"

Also 👀
Non-banks "now holds roughly half of the world's financial assets"
armineyalnizyan.bsky.social
Nominate a campaign for decent work in Ontario/Canada by noon October 27 and shine light on the purpose and joy of being part of The Good Fight.

$50K for the winner. $15K each for 2 runners-up.

Decent work for all. Because every job can be a good job.
armineyalnizyan.bsky.social
It's not just Tricolor.
Subprime loans for cars .... a big problem.

Chart from www.wsj.com/business/aut...

The K-shaped market comes to auto: more cars over $50K, more delinquencies, defaults and repos.
Good story here:
www.cnbc.com/2025/10/13/n...
armineyalnizyan.bsky.social
69% of borrowers were "undocumented" in 2023, so paid subprime rates.
The owner served prison time for selling stolen cars.
Bankrupt now "Tricolor had repeatedly been cited for delayed title transfers, improper license plate usage, and inflated vehicle pricing."
dallasexpress.com/business-mar...
Reposted by Armine Yalnizyan
armineyalnizyan.bsky.social
Oh look. Exercising sovereign power to protect one's economic capacity and potential.
Paging Canada.,
financialtimes.com
Good morning New York, while you were sleeping this was our most read story. on.ft.com/47djskG
Reposted by Armine Yalnizyan
en.afp.com
#UPDATE The Nobel prize in economics was awarded on Monday to American-Israeli Joel Mokyr, France's Philippe Aghion and Canada's Peter Howitt for work on technology's impact on sustained economic growth ➡️ u.afp.com/SmKB
A screen displays the portraits of the 2025 Nobel prize in economics winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement at the Royal Swedish Academy of Sciences in Stockholm on October 13, 2025
armineyalnizyan.bsky.social
Happy addition to the dinner table. One of the last of the season.