Software engineer and cat lover
Atlanta, GA
Joined October 2010
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Celebrating favorite Halloween song is Halloween by Dream Syndicate. Specially the Complete Live at Raji's version! Happy Halloween!
youtu.be/BhjhdDLRWm8?si=RS-2…
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Reds season is well and truly over. Bengals are the most miserable 2-0. Quite a day for Cincy sports.
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Collin Brown retweeted
Tariffs give a cushion to domestic firms to sell more at higher prices, and anecdotally these price increases are already happening.
These are relative price increases. When consumer pay more for tariffed goods or alternatives, they have less income to spend elsewhere.
Cleveland Fed President Beth Hammack says she’s hearing from firms that aren’t sure how much tariffs will go up, so they are beginning to implement a sequence of rolling price hikes to avoid a larger, one time increase in prices. Some firms that haven’t faced tariffs are also raising prices because their competitors, who do face tariffs, have raised prices.
“That certainly would be the type of environment where the tariffs could be more inflationary rather than just a one-time increase of the price level.”
Hammack said it could be a while before the Fed has visibility on whether and how to change rates.
“I don’t want to put a time frame on it, but I think it can be a while…. We might need to wait longer than you would otherwise if you had a clearer picture of where things are.”
Collin Brown retweeted
The astonishing lack of any positive vision of political or cultural life. Trump’s America is just one unceasing expression of contempt.
Collin Brown retweeted
What if the reason the middle class is smaller than it used to be isn’t that there are more poor people, but that there are more wealthy people?
Collin Brown retweeted
I guess one question I have is: How do you know if your plan to shock the system is failing?
One of the confusing aspects of the tariff defense is the idea that every event justifies the strategy.
If other countries cave, we won. If other countries retaliate, great we’re raising revenue. If economic indicators rise, good. If indicators fall, well that’s just the cost of a systemic shock. If the 10 year goes down, deflationary. If the 10 year goes up, you can say: bullish!
It’s hard to clearly evaluate a policy agenda when every possible outcome can be held up as a post hoc justification that it’s working.
Collin Brown retweeted
If the Trump administration didn't calculate the "tariff rates" other countries are supposedly imposing on us by using the formula trade deficit/imports, it's an amazing coincidence that every single country's "tariff rate" is equal to trade deficit/imports.
Collin Brown retweeted
This is truly amazing. The Deputy White House Press Secretary is claiming that I'm wrong, and that the "tariff rates" on Trump's chart were calculated by "literally" measuring every country's tariffs and non-tariff trade barriers.
To prove it, he screenshots the formula the USTR says was used to calculate the reciprocal tariffs we imposed on other countries. And when you back out the Greek symbols, what is that formula? Trade deficit/imports - exactly what I said it was.
I don't know if the Deputy Press Secretary was misinformed, or is just being misleading. Either way, the Trump administration did not "literally calculate tariff and non tariff barriers" to determine the tariff rates it's imposing on other countries. As I said, it divided our trade deficit with a country by our imports with that country, and then multiplied by 0.5 (because Trump was being "lenient").
Oh, and if our trade deficit/imports with a country is less than 10%, or we have a trade surplus with a country, Trump slapped a flat 10% tariff on that country.
An extra inning baseball game in the morning is always a treat!
@CTBC_Brothers
@CPBL
@RakutenMonkeys
#ELEVENSPORTS
Collin Brown retweeted
Need emergency care but nervous about COVID-19? Don’t delay life-saving treatment!
We’re taking every precaution for patient safety. Whatever your emergency, Piedmont is ready.
We’re here for you today and every day. Find out more: bit.ly/2VAKFJ0
Collin Brown retweeted
Yes, that was me at the Cowboys game with George W. Bush over the weekend. Here’s the whole story.
Collin Brown retweeted
Share a song. Give a flower. Spread some joy. bit.ly/2UV6UYj
Join Piedmont as we celebrate Random Acts of Kindness Day on Sunday, Feb. 17. #KindnessStartsWithOne ♥
Dodger fans are getting cheered out of their own building. Sounds like a Red Sox home game. #WorldSeries
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