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Matt O'Brien
Columnist for the Washington Post. Formerly the Atlantic & TNR.
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Matt O'Brien Jan 16
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Matt O'Brien Jan 16
The ECB picked a heckuva time to stop doing QE
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Matt O'Brien Jan 15
The only thing George Orwell got wrong was that the Two Minutes Hate would be more like Two Hours Hate on Fox News every day.
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Matt O'Brien Jan 15
Last week, Trump’s top economist was saying the shutdown might make federal workers “better off” since they were getting free vacation days. Now, he’s talking about how those workers are having to drive for Uber to get by.
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Matt O'Brien Jan 15
Replying to @ObsoleteDogma
It’d be like saying that Apollo 11 proves that the government can’t figure out how to go to the moon like SpaceX and other private sector companies have. A complete inversion of reality, said with the certainty of someone whose career has depended on learning alternative facts.
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Matt O'Brien Jan 15
It’s hard to imagine being so ideologically blinkered that you think Bill Clinton’s tax hikes on the rich prove that they don’t work. There literally isn’t a better example that the economy can still prosper — better than it did under Reagan! — even with higher taxes.
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Matt O'Brien Jan 15
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Matt O'Brien Jan 15
It’s almost as if Brexit is a horrible idea, and there’s no deal that people would actually want
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Adam Tooze Jan 14
Over last decades China hasn’t exhibited normal catchup growth. For a country of its middle income level its growth is quite extraordinary.
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Matt O'Brien Jan 14
Good news: the skills gap is fixed, because there was no skills gap
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Luke Kawa Jan 14
Great chart here from Mandy Xu at Credit Suisse unpacking how the options market isn't signaling imminent U.S. recession (and wasn't in December)
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Kevin Collins Jan 14
Shutdown TSA Pre at all DC area airports and you'll have veto-proof majorities to end the shutdown in both chambers within two weeks
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Greg Miller Jan 12
NEW: After closed door mtg with Putin, Trump took his interpreter's notes, told linguist not to reveal what had transpired to other administration officials. Pattern of concealing communications with Putin.
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Matt O'Brien Jan 11
Meanwhile, in the real world, the Coast Guard just advised its employees to hold garage sales to help them avoid bankruptcy during the shutdown
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Alan Rappeport Jan 11
FT says Ivanka Trump's name is being floated to head World Bank.
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Matt O'Brien Jan 10
Replying to @mattyglesias
Not sure I’d date it to Reagan. Interest payments as a percent of GDP really were pretty high in 1992, and interest rates too. It was only after our big bubbles started bursting that deficits really haven’t mattered.
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Matt O'Brien Jan 10
Replying to @ObsoleteDogma
Another thing to keep an eye on in China: the household debt-to-GDP ratio is up from around 30% to 49% in the past five years. That’s obviously not as high as a lot of rich countries, but China doesn’t have the social safety net that those countries do.
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Matt O'Brien Jan 10
Replying to @jbarro
Arne Duncan?
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Matt O'Brien Jan 10
Replying to @Brad_Setser
I agree with those quibbles! Might not have been clear, but the point I was trying to make about credit stimulus being less effective was that, yes, they’ve slowed down because they’ve tightened, but that loosening might not revive growth as much as they expect.
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Matt O'Brien Jan 9
I'm not sure I see how these improve on the status quo. It's either "we need to raise taxes to throw people out of work to control inflation" or "w need to make it harder to get loans to throw people out of work to control inflation."
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