EconReporter
@econreporter.bsky.social
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Independent journalist focusing on economics and global economy Our website: en.econreporter.com
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econreporter.bsky.social
🔔🔔🔔ATTENTION 🔔🔔🔔

Here is my long article on question of why Standing Repo Facility will potentially be one of the most important tools for the Federal Reserve in the post-QT era!!

Please taking some time to read it, i promise it's interesting!
Standing Repo Facility — the Fed’s soon-to-be most important tool?
Standing Repo Facility (SRF) is a relatively young Federal Reserve facility.
econreporter.substack.com
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kansascityfed.bsky.social
Time for a history break!

During the Cold War, the Kansas City Fed had an underground emergency operations facility in the salt mine caverns under the town of Hutchinson, Kan. The space included an office area with desks, a vault and supplies such as food, clothing and bedding.
Reposted by EconReporter
rajakorman.bsky.social
Because this came up, I figure there are people here who need to know this. There’s a great essay by Peter Loewenberg called Freud in the Academy, the gist of which is that grad school is an Oedipal enterprise where you love your advisor but also need to kill him & his work so you can have his job.
econreporter.bsky.social
Miran was saying if we reduce population, as people both consume and work, so the demand and supply will both decrease in most markets and they cancel out each others, except in the housing market where supply is relatively fixed....

So.... this is a representative agent model...??
Reposted by EconReporter
Reposted by EconReporter
josephpolitano.bsky.social
Scott Bessent going “erm ackshually Tariffs aren’t a tax, they’re just a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions”
econreporter.bsky.social
Miran has a new point about neutral rate today I think?

Difficult to about the exact point of neutral, so we should reason from the "changes in neutral"

This is a more clever approach it seems
econreporter.bsky.social
wait... the last one....
livesquawknews.bsky.social
Fed's Miran: Now More Downside Risk Than A Week Ago - CNBC
- US-China Tension Potentially Important For Outlook
- 'Difficulty' In Knowing Exact Neutral Rate
- Labour Market Has Clearly Weakened
- Housing Has Been Moribund; Evidence Policy Is Restrictive
- Two More Cuts This Year Sounds ‘Realistic’
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livesquawknews.bsky.social
Fed's Miran: Now More Downside Risk Than A Week Ago - CNBC
- US-China Tension Potentially Important For Outlook
- 'Difficulty' In Knowing Exact Neutral Rate
- Labour Market Has Clearly Weakened
- Housing Has Been Moribund; Evidence Policy Is Restrictive
- Two More Cuts This Year Sounds ‘Realistic’
Reposted by EconReporter
philsmith26.bsky.social
Data released by Statistics Canada today for August, after seasonal adjustment, suggest new motor vehicle unit sales might have levelled off this year, although that remains uncertain. They remain well short of the previous peak level in 2017. #cdnecon
econreporter.bsky.social
1) i really need to more of these

2) I wish Bernard is here :(
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karl-schamotta.bsky.social
We definitely have that, each of the big banks has highlighted it, and Brendon Bernard at Indeed (don’t think he’s on here yet) has been putting out some good stuff: www.hiringlab.org/en-ca/2025/0...
econreporter.bsky.social
tariffs are not taxes,

they are your electricity bill if you are in some European countries
Reposted by EconReporter
mattpeterson.bsky.social
Greer essentially calls the new Chinese rare earth export control program a bluff. They won't have the capacity to actually manage the number of licenses that would be required. "The scope and scape is unimaginable, and it cannot be implemented,” Greer says.
Reposted by EconReporter
jorgeliboreiro.bsky.social
The European Commission will hit back at the United States if Donald Trump slaps punitive tariffs on Spain over the country's refusal to meet NATO's 5% target.

"We will respond appropriately, as we always do, to any measures taken against one or more of our member states," the Commission said.
EU vows to protect Spain from Trump's tariff 'punishment'
Donald Trump has threatened to unleash "trade punishment" on Spain in response to the country's refusal to meet NATO's 5% target.
www.euronews.com
Reposted by EconReporter
fullcarry.net
As Fed cuts rates and returns on cash deteriorate, economy should reflate and seeds will be planted for the next tightening cycle. Current cut cycle terminal rate back below 3%
Reposted by EconReporter
chriswhittall.bsky.social
Morgan Stanley reports $4.12bn of equities trading revenue in Q3, $380m > its closest rival Goldman Sachs

First time in nearly three years that Morgan Stanley has reported more equities trading revenue in a quarter than Goldman

Goldman still just ahead year-to-date in equities revenues (by $264m)
Reposted by EconReporter
mattpeterson.bsky.social
Bessent and Greer are giving a rhetorically aggressive press conference today. But they are not announcing any new retaliation, and they expect Trump and Xi to meet soon as planned. It's not clear what the point of this event is, beyond being seen to defend Trump's strategy.
econreporter.bsky.social
We need to import "breakeven unemployment" discourse into Canada
karl-schamotta.bsky.social
Yeah, there’s a lot of noise, so I don’t know of any Canadian economist currently taking their own monthly job creation forecasts seriously. But the unemployment rate keeps grinding higher, suggesting that the signal has worsened.
econreporter.bsky.social
Bessent is entertaining this morning. Really!!
Reposted by EconReporter
fintwitter.bsky.social
BESSENT: WE SEE WITH THIS CHINESE PROVOCATION WHY IT'S IMPORTANT FOR TRUMP TO HAVE EMERGENCY POWERS TO IMPOSE TARIFFS
econreporter.bsky.social
this is hard to translate into Chinese, i have to tell you
fintwitter.bsky.social
BESSENT: TARIFFS ARE A SURCHARGE, NOT A TAX
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fintwitter.bsky.social
U.S. TREASURY'S BESSENT SAYS IF CHINA WANTS TO BE AN UNRELIABLE PARTNER FOR THE WORLD, WE WILL NEED TO DECOUPLE