Discover and read the best of Twitter Threads about #deficit

Most recents (24)

🧵While it’s popular these days for Republicans to bash the #Manchin-Schumer proposal, look closer and there are things that pro-energy conservatives should like in the deal. Specifically:
1. #Drilling: significant increases in onshore and offshore drilling.

2. #Renewables: wind and solar subsidies/tax credits are contingent upon the granting of drilling permits (protecting against a Biden Admin "bait & switch").

3. #Nuclear: funding for nuclear investments.
4. #Carbon: funding & rules for carbon capture—allowing firms to keep current power plants open longer—giving the US a longer runway to reach its "energy transition" goals.

5. #Batteries: requires high levels of local material in production—curbing incentives to build in China.
Read 7 tweets
The Inflation Reduction Act includes a 15 percent corporate minimum tax, drug price controls, IRS tax enforcement, and a tax hike on carried interest to pay for increased spending on energy and health insurance subsidies as well as deficit reduction.

[THREAD]
The on-again-off-again negotiations over the proposed #BuildBackBetter tax increases on corporations and high-income earners appears to be… on again.

Sen. Joe Manchin (D-WV) is now expressing support for something called the #InflationReductionAct. (2/9)
Next week, the Senate is scheduled to begin voting on a reconciliation bill that may put all of the #BuildBackBetter tax and spending increases on the table. (3/9)
Read 9 tweets
Pakistan’s Budget Isn’t Enough to Unlock IMF Loan, Citi Says - @business
#Pakistan’s plan to trim its #deficit by slashing spending may not be enough to convince the International Monetary Fund to resume its loan program, according to economists at Citigroup Inc.

#economy
The tax-to-GDP ratio is budgeted to rise to 9.2% of gross domestic product in the year starting July 1 from 8.6%, which seems low versus Pakistan’s emerging market peers and its own history. Interest payments are estimated to consume about 44% of revenue.

#Pakistan #KSE100
Read 3 tweets
Thread: in 10mins il mio pensiero su #Cina, #Inflazione, #Biden, #Taiwan,#SupplyChain #Lockdown #Comunismo #Ucraina #Russia...insomma tutto con @marina_valerio di @classcnbc

Che ne pensate?

1) #Cina: Impatto sistemico su economia è limitato perché #ZeroCovid è a rotazione
2) #Inflazione viene da due fattori recenti, #Lockdown in #Cina con ritardi nella #SupplyChain, e prezzi #energia che salgono per la guerra e per le #Sanzioni

Ma il terzo e più fondamentale è l'ovvio risultato di un decennio a tassi zero con monete stampate e mal investite
3) La tensione #Cina #USA è molto più intensa con #Biden di quanto lo fosse con #Trump perché si è aggiunto un fattore filosofico di sfida tra due modelli e di stadi di sviluppo disallineati

#Trump sarebbe stato invece ben soddisfatto di una risoluzione del #deficit commerciale
Read 9 tweets
I.Petit #Thread sur ce que nous apprend la politique de la Banque Centrale de Russie depuis le 22 février.
La BCR a été sous pression du fait des sanctions et du blocage d’une partie de ses réserves. (280 mlrd de USD sur 646). L’objectif était de provoquer une crise du change
II.Elle a réagi (a) en montant les taux d’intérêts pour « tuer » la spéculation et (b) en instaurant un contrôle des changes avec des restrictions importantes sur les achats de devises des particuliers et des entreprises. Elle centralise les recettes en devises (compte « K »)
III.Le résultat est que, après une forte dépréciation du rouble, ce dernier s’est redressé : il se déprécie de 58% du 22/2 au 11/03 et s’apprécie de 61% du 11/03 au 9/04. En 51 jours la crise est « digérée » alors que les occidentaux s’attendaient à une chute catastrophique.
Read 13 tweets
DoubleLine founder and CEO Jeffrey Gundlach presents:

Just Markets 2022 - I Feel Young Again

Today at 1:15pm PT, register here: event.webcasts.com/starthere.jsp?…

#macro #markets #stocks #FX #bonds #commodities #rates #inflation #Fed #QE #bitcoin

Live recap thread⬇️
Jeffrey Gundlach: 2021 might end up running 7% year on the CPI

#inflation #QE #Powell #fed #hikes #rates
Jeffrey Gundlach: Low interest rates coupled with inflation generating negative interest rate.

#JustMarkets2022 #CPI #QE #Fed
Read 48 tweets
He @Booker4KY, want any ammo to go after @RandPaul for stuff that's useless? Because this can help.
I mean from a Self-declared "#Libertarian", who seriously isn't he's #SocialConservative at best, it's not hard to dig up dirt on @RandPaul of his Voting Records. Like the 2016 Tax Bill that gave more money to the #Rich, Supports Banning #Abortion (which isn't Libertarian),...
Opposes #LGBTQIA Rights like Same Sex Marriage & wanted it to be banned, Rand is inconsistent on #MilitarySpending of sometimes leaning to not for it or for it in offensive wars (which many Libertarians call that out & believe in Defense of a Direct Threat of an Attack)...
Read 21 tweets
Daily Bookmarks to GAVNet 05/24/2021 greeneracresvaluenetwork.wordpress.com/2021/05/24/dai…
Arctic warming three times faster than the planet, report warns

phys.org/news/2021-05-a…

#ArcticWarming #ClimateChange #consequences
Wild Bornean orangutans experience muscle catabolism during episodes of fruit scarcity

nature.com/articles/s4159…

#orangutans #borneo #FoodScarcity #catabolism #muscles
Read 10 tweets
#TradeDeficit in February 2021 up 4.8% to $71.1B. #Exports down 2.6% to $187.3B. #Imports down 0.7% to $258.3B (seasonally adjusted). go.usa.gov/xUNS3 #CensusEconData
Goods and services #deficit ($71.1B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade #TradeDeficit
#GoodsDeficit ($88.0B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade
Read 7 tweets
En el context de pandèmia i de les necessitats extraordinàries (sanitàries, econòmiques i socials) que ha generat la #COVID, el @Govern va tancar el 2020 amb la despesa pública + elevada de la història (32.151 milions d'€).

Pq el dèficit públic s'ha contingut? ho explico 👇
La despesa va augmentar en tots els departaments de la Generalitat, amb l'increment + intens a #Salut (+2.861M€, +27,2%). També a #Territori (+33%) - per l'afectació en el transport públic, #Treball i Afers Socials (+18%), #Empresa (+23,9%) o #Cultura (+45,9%).
En conjunt, l’impacte de la #Covid-19 sobre les finances de la Generalitat el 2020 es calcula en 4.761,4 M€: 3.638,2 M€ degut a una major #despesa i 1.123,2 M€ degut a una caiguda en els #ingressos.
Read 12 tweets
Daily Bookmarks to GAVNet 03/08/2021 greeneracresvaluenetwork.wordpress.com/2021/03/08/dai…
Lockdowns Do Not Control the Coronavirus: The Evidence

aier.org/article/lockdo…

#COVID19 #lockdowns #effectiveness #DataAnalysis
To Create Real Change That Lasts, Start With A Majority

digitaltonto.com/2021/to-create…

#SystemsChange #ideas #strategies
Read 8 tweets
#BREAKING
⭐CHINA SETS 2021 GDP GROWTH TARGET AT ABOVE 6%, AIMS TO ADD MORE THAN 11M URBAN JOBS IN 2021.
#China #NPC #两会 #Twosessions
CHINA TARGETS SURVEYED JOBLESS RATE AT 5.5% IN 2021, TARGET 2021 CPI GROWTH AT ABOUT 3%.
REITERATES MONETARY POLICY TO BE PRUDENT
#China #unemployment #CPI #twosessions2021
🇨🇳
CHINA PLANS 2021 BUDGET DEFICIT AT 3.2% OF GDP VS 3.6% A YEAR AGO.
#GDP #DEFICIT #China #NPC🇨🇳
Read 21 tweets
#Renzi (16 voti al Senato) - #MisterB (una decina?) - #Giorgetti (nessuno sa quanti voti abbia) scommettono sul #GovernoDraghi.
Finora un #fantagoverno senza voti, perché i #NoEuro di #Salvini rimangono convinti che, uscendo dall'#euro o in vista di una #ItalExit, stampando #moneta col favore delle #tenebre, Lirette svalutatissime, senza vincoli e limiti...
...in pratica coprendo il #deficit pubblico con pezzi di #cartastraccia, emessi da una #Bankitalia, prima #sventrata poi #asservita al governo, i #NoEuro sono convinti che farebbero prosperare l’economia rendendo tutti ricchi con #FlatTax da oligarchi e #inflazione Venezuelana.
Read 6 tweets
Daily Bookmarks to GAVNet 12/09/2020 greeneracresvaluenetwork.wordpress.com/2020/12/09/dai…
A New Theorem Maps Out the Limits of Quantum Physics | Quanta Magazine

quantamagazine.org/a-new-theorem-…

#physics #quantum #limits
Elementary particles part ways with their properties

phys.org/news/2020-12-e…

#physics #particles #quantum
Read 8 tweets
Many #investors will be focusing on the #PresidentialDebates, which begin tonight, but while there are quite meaningful #policy differences between the parties, ongoing structural #deficits are likely to exist regardless of who wins in November.
Further, to the extent that these #deficits are #monetized by the @federalreserve, then significant increases in #money supply could drive nominal #GDP growth for a time, even in the absence of new fiscal initiatives.
Also, we’re skeptical of the arguments that fret over a #FiscalCliff, since the @USCBO estimates that even with no further #stimulus measures, the U.S. will have a #deficit of 8.5% of #GDP for fiscal 2021.
Read 5 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
I even took the liberty of underlining the final sentence of @IvisonJ Op-ed for the benefit of

MP @MarkGerretsen #YGK Kingston and the Islands

#cdnpoli #deficit
There's that word «Prudence» again

#YGK Image
Read 4 tweets
Daily Bookmarks to GAVNet 6/27/2020-2

greeneracresvaluenetwork.wordpress.com/2020/06/27/dai…

New Geometric Perspective Cracks Old Problem About Rectangles

quantamagazine.org/new-geometric-…

#geometry #perspective
Detecting Regions At Risk for Spreading COVID-19 Using Existing Cellular Wireless Network Functionalities - IEEE Journals & Magazine

ieeexplore.ieee.org/document/91170…

#detection #network #coronavirus #regions #wireless #cellular
The Dudes Who Won't Wear Masks - The Atlantic

theatlantic.com/ideas/archive/…

#coronavirus #masks
Read 4 tweets
Allowing monetization of fiscal deficits may lead to lack of discipline in government behavior new.cf40.org.cn/uploads/202005… #COVID__19 #deficit #economicstimuluspackage
Monetization of fiscal deficits has prerequisites which cannot be ignored: One is that monetary policy is caught in liquidity trap, when extremely loose monetary policy is impossible so expansionary fiscal policy becomes the last resort for implementing various rescue measures.
Second, there is no room left for fiscal expansion. A large-scale deficit must be adopted, and it is hardly possible to expand government deficits through normal market sales.
Read 8 tweets
According to Zhang Tao, CF40 Youth Forum Member, before adopting the monetization of fiscal #deficit as a real policy option, three critical questions need to be answered:
1. What economic grounds justify deficit monetization? The basis for any macroeconomic policy package is economic reality—prior to the discussion of a policy option, actual economic operation must be evaluated.
2. Is it worth to sacrifice the coordination between fiscal and monetary policies? Better coordination between fiscal and monetary policies usually means better effect of macro control. Deficit monetization could undermine this coordination.
Read 5 tweets
Another canard currently doing the rounds is this whole, "Yields are low ergo public debt is no burden - and yields must STAY low or it WOULD quickly become one, far too heavy to bear" schtick.

#UST #Treasury #Fed #deficit 1/x
Clearly no-one understands the difference between real costs and virtual, financial ones.

The State's gross mishandling of the #coronavirus crisis has destroyed or impaired tremendous amounts of productive #capital - a loss which should neither be understated nor camouflaged 2/x
The fact that the gazillion new IOUs #UST has issued as a partial (and temporary) recompense for this will come with artificially low interest rates is absolutely NO cause for cheer: in fact, quite the converse. 3/x
Read 7 tweets
#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.

Heavy #QE/ currency pressure + Intense #geopolitical tension

= #India, importer & friend to all oil producers, in the crosshairs.

Thread on these impacts of #OilPrice 👇 Image
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
#COVID19 #lockdown has sharply cut all travel & thus demand for oil. Excess supply of oil resulted in a shortage of #storage space, esp in North America. As they & slowly the rest of the world run out of storage, the demand for future oil contracts (futures) goes down sharply
Read 11 tweets
#ICYMI Opinion pieces and videos, this week we shared insights on how COVID-19 #pandemic pandemic is affecting #India and its most vulnerable communities. We discussed what economic measures can be taken to managed such challenging times.

#Thread: read the following 1/n
Why are the official infected cases and mortalities statistics low in India? Read this piece by @nebuer42, @arpitrage @anup_malani

@qzindia @tunkuv @ghoshworld @dikshamadhok. 2/n

qz.com/india/1839018/…
In this column, @CafeEconomics explains key actions that @RBI can take for monetising India's #deficit in the challenging times of #COVID19 outbreak. He also highlights the need to plan an exit #strategy once the #economy stabilises. 3/n

livemint.com/opinion/column…
Read 5 tweets
The idea that Trump is bragging about “the best economy ever” is as ridiculous as when he told us Trump Steaks were the “world’s greatest steaks.”

U.S. Growth at Slowest Since 2016 #TrumpSteaksEconomy #SOTU nytimes.com/2020/01/30/bus…
The deficit is $1T.

The debt is $23T.

Farmers are going bankrupt.

Steel workers are being laid off.

Manufacturing is in a recession.

Trump promised his tax cuts would “skyrocket” the economy.

But all we got was job growth 15% slower than under Obama.

#TrumpSteaksEconomy
The “Trump Boom” is like every Trump con before it: The reality doesn’t live up to the hype.

Worse, Trump has been a disaster for the very #MAGA voters he promised to help most: farmers and factory workers, miners and steel workers: thedailyedge.substack.com/p/the-trump-st… #TrumpSteaksEconomy
Read 6 tweets

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