Discover and read the best of Twitter Threads about #Yellen

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Nella notte italiana, Mario #Draghi ha ricevuto un prestigioso premio dall'Atlantic Council, uno dei più importanti think tank USA.
"Distinguished International Leadership Awards": nel caso specifico riassumibile in "Politico dell'anno". Questa la clip dedicata al premier:
A consegnarglielo è stata la segretaria al Tesoro 🇺🇸, Janet #Yellen, riservando parole di grande stima al suo "amico e collega di vecchia data", dicendosi "profondamente onorata", di premiare #Draghi, "economista di talento, instancabile civil servant".
Yellen ha ripercorso la carriera di #Draghi, citando ovviamente il celebre "Whatever it takes" con cui la BCE si disse pronta a fare "tutto il necessario" per salvare l'Euro, ma osservando come il successo di quella locuzione fosse basato soprattutto sulla frase successiva.
Read 12 tweets
Thread: it is , anyway, only a costly loan son of #QE, and unintended consequences abound. Here are some, in no particular order: (/)
@Halsrethink @amlivemon @nglinsman @chigrl @DavidBCollum @DiMartinoBooth
1. of course, there are not enough super rich to go around so this would trickle down to middle income / middle wealth families. Moreover, will pension plans be excluded? #401K, #IRAs? (/)
2. but let's assume there are: what will be the evaluation price? taxing EARNED financial income means that demand has balanced the supply generating that income. In this case, since no stake gets sold, that won't happen.(/)
Read 8 tweets
Thanks to @steve_sedgwick & @cnbcKaren for having me on #CNBC #SquawkBox this AM.

What did we discuss? Well, #inflation of course!

I prepared some slides for the show which I'm happy to present in this thread.
#macro #Fed #Yellen #JeromePowell #bankofengland #QE
Are people in denial or is the #centralbank money flood just drowning all the signals?
#Commodities, #freight, #carbon - and a whole lot besides - sure do cost a lot more, these days.
Read 14 tweets
Levying the Corp Tax on foreign Cos operating at home (🇨🇳has a 20% rate)or abroad, is illegal.
It deprives those foreign companies of the export revenues of their multinationals that would be taxed by the countries they are based on. Image
Yellen's proposal could be a 15% rate on foreign Cos subsidiaries of 🇺🇸Cos w/ a 15% min Corp Tax & a credit of 100% of the foreign rate.
🇨🇮example: 2.5% effective rate on the 🇨🇮subsidiaries of🇺🇸Cos vs 0.5% today.
The tax rate is an issue within a region(🇪🇺,🇺🇸,etc),not among them.
Either operating at home or on the foreign subsidiaries of local Cos operating abroad(services Cos)
If they are manufacturers,they must ship their products from home,be taxed at home.🚨The country accumulates forex reserves.@USTreasury @WhiteHouse
Read 4 tweets
#BREAKING #PresidentElectJoeBiden calls on US Congress to pass 'robust' relief plan Image
#BREAKING US Treasury nominee #Yellen decries 'tragedy' of economic crisis Image
#UPDATE "I know times are tough, but I want you to know that help is on the way," said #PresidentelectJoeBiden, as Treasury secretary nominee Janet #Yellen warns that the country faces a "historic" crisis hitting the most vulnerable the hardest Image
Read 4 tweets

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