Discover and read the best of Twitter Threads about #economy

Most recents (24)

1. Hey, Aaron! Why do you care about transit so much?

I’m glad you asked!

What I REALLY care about is what transit does & wow! does it do a lot.

Hop on board - let’s tour few of the amazing things we get from a great transit network & why it matters.

#yeg #yegcc #transit
2. Transit is an economic driver. The 2009 Ottawa transit strike had a negative economic impact of about $400 million over 51 days - that’s est. $2.5 billion a year!

In 2019 #yeg that number will be even higher.

Let that sink in a little.

#economy #yegcc
3. A 2016 Auditor’s report estimated transit saves #Yeg about $700 million a year by reducing congestion/ traffic jams, collisions & decreasing parking demand and environmental impacts.

This is big money, folks.

Let’s unpack that.

#transit #savings #yegcc
Read 27 tweets
And we’re off! Joelle Fanghanel welcomes the room and introduces @UKHospKate, outlying her wealth of experience. #Hospitality2030 #loveUWL
“When was the last time you bought anything new?” Not a replacement gadget or a new item of clothing. Something entirely innovative... Kate was posed this question at the start of her time at @UKHofficial. A thinker!
Thoughts from business leaders. We’ll be leaving Brexit to one side for now so Kate can cover the breadth of other issues having an impact. #hospitality2030
Read 30 tweets
Something worthwhile to think of – people should stop comparing the economy's well-being to people's well-being. There simply is no constant relation between these two, we see it in most developed nations, like the US or Germany.

hbr.org/2019/10/gdp-is…

#GDP #Economy #US #GER
Furthermore, I have got some ideas to add: Even though it's a popular stance nowadays, especially on the liberal progressive left, we have to think about not weighing too much in the economy's well-being, bracing for an ill-prepared future of rising sea levels, melting polar caps
and more frequent natural catastrophes such as droughts and monsoon-like rainfalls, which are both equally going to hit the poor the most. As many have already exclaimed fervently, economic well-being might be our doom, and as populist as it might sound, it's got a true core:
Read 10 tweets
NEW data from @BLS_gov - the unemployment rate in September fell 0.2 p.p. to 3.5 percent, its lowest rate in over half a century. #jobsday
The #unemployment rate for Hispanic-Americans reached a historic low of 3.9 percent. African American unemployment held steady at its record low of 5.5 percent.
In the 34 months since @realDonaldTrump was elected, the #economy has created more than 100,000 jobs in 31 of those months and added 136,000 jobs in September.
Read 4 tweets
President Trump must be waiving that magic wand again(the wand that Obama couldn't find). In September 136,000 jobs added with unemployment at a 50 year low: 3.5%. This is what the Dems and liberal media are trying to impeach. They don't like success. #NoRecession #Jobs #economy
The corrupt liberal media is always looking for doom and gloom. Their agenda is to impeach the president so that they can go back to business as usual which is #FakeNews.
The president is making it happen.
Read 5 tweets
What is needed to be done to get the #economy up and running on the 5th gear

1.States should slash stamp duty and registration fee on immovable property deals to 0.5% levels for registries done from 24.10.2019 to 24.12.2019. This will set real estate on fire, eliminate black 💰,
enable banks to auction seized properties of defaulters and clean their books. Govt will realise lot of stamp duty revenue and even demand for renovation /construction and home loans also will go up.
2.States should scrap profession tax. Now that they have GST which empowers them to tax services, they should let go of profession tax which only hassles employers with lot of unproductive work
3.Centre should cut interest rates on postal savings except PPF & Sukanya Samridhi.
Read 14 tweets
#TheLeft agenda 4 stages:
1. Demoralisation 25 yrs
- exposed one generation to ideology marxism/leninism pumped in without being challenged
- people unable to realise disinformation
2. Destabilisation 2-5 yrs
- most critical stage (nation's institutions slowly undermined & collapsed, creating a slide into a chaotic or revolutionary state)
- impact what matters
#Economy
#ForeignRelations
#DefenceSystems
3. Crisis - violent change of #power & structural #change of #economy
Read 5 tweets
#CorporationTax #AltSarkar's view and commentary.
First the good news: FM @nsitharaman’s corporate tax cut is a clear sign that #ModiSarkar is worried about the state of the #Indian #Economy. That’s good because it means she acknowledges the scale of the #budget2019 cock-up.
Now the bad news: a day earlier, @RBI Governor, @DasShaktikanta, said that the Government’s fiscal space is limited. This means: don't cut taxes, don't spend more than budgeted. He also said, spend resources 'fruitfully' i.e. to get the 'most bang for your buck'.
And now the even worse news: this 1.5 Lakh Crore tax giveaway is neither necessary nor sufficient, in and of itself, to solve the problem that spurred it - the slump in economic growth. Like antibiotics that neither help a common cold, nor make the body stronger. Here's why
Read 16 tweets
(1/n) •Domestic company corp tax cut from 30% to 22 % percent if
they don't avail any exemptions or incentives from FY20
• Effective tax for these companies rate 25.17 percent inclusive of all
surcharge and cesses. Applicable for current fiscal
(2/n) *listed companies which have announced buyback of shares prior to July 5 will not be charged with super rich tax
*All the measures announced will give relief of 1.45 lakh crores annually
(3/n) *Roll back of enhanced surcharge introduced in Budget on capital gain arising from sale of equity shares in a company liable for STT .
* super-rich tax will not to apply on capital gains from sale of any security including derivatives for FPIs.
Read 15 tweets
There are stubborn misconceptions about what has happened in the global #economy since 2009.

The most important fact, everyone should understand, is that this has been the decade of #China .

This is visible, e.g., in the global non-financial private debt.👇1/
China has also driven global capital investment cycle accounting over 50% of all investments to physical capital in major industrial nations since 2009. 2/
But, China has accomplished this through wasteful investments, which has effectively annihilated it's productivity growth. 3/
Read 7 tweets
Anybody interested in #India's #Economy should take 30 minutes time out and listen to this interview. There is both sound, credible analysis of the problem AND an entirely logical policy prescription. #AltSarkar @PIB_Altsarkar @fek_le @Vidyut
thewire.in/video/watch-ce…
A quick summary:
1. Our present problems can be traced back directly to the stupid, stupid move on Nov 8 2016 when 86% of the means of settlement of dues was taken out. Damn that #Demonetisation. We in #AltSarkar have to acknowledge it even if its defenders do not.
2. India's problem is a demand side problem. People have neither the free disposable cash now nor the confidence in their future to take a loan to go out and buy stuff.
3. You don't deal with a demand drop off by propping up supply side factors. #AltSarkar believes in logic
Read 15 tweets
21. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world?

#Hypocrites #DoubleStandards #Liars #Warlords #USRealTerrorists
1 to 20. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world? 🤨👇🏼
threadreaderapp.com/thread/1166502…
"#Iran's president Hassan Rouhani presented an ultimatum of two months to the #EU to save the #Iran nuclear deal. However, the deal is likely to continue to deteriorate, says The Independent's Patrick Cockburn"
Read 197 tweets
I always feel puzzled by what economists say. Many advocate #capitalism and some, however, say socialism is the best. If capitalism is best why do we have recessions, stock market meltdowns and bailouts to big businesses at the cost of the poor?
If socialism is the best, why Bolivars are being thrown away in #Venezuela and why did it collapse in the former Soviet Union in the first place?
They say the Indian economy is on a downward spiral and people are not spending even on #Parle-G. But how come the real estate prices are going up? Is it because the ill-gotten money is being parked in the sector?
Read 12 tweets
These 2 brilliant Tweets reveal how V as a Nation are being taken 4 a ride.The whole world realizes that the megalomaniac craves awards & will compromise National Interests 4 some fancy titles.How he earned these ? #Demonetization #Pulwama #Sensex #RBILoot #economy
The 2nd pic from @free_thinker tells us how people realised Indian naivete as a huge potential market for Right Wing idiocy. And people are making money. The same way, trade pacts are signed by sweet award deals. Here's the list. Think how worthy are they versus our Nation's good
No jury!
Read 10 tweets
Comparative Analysis of 'Indian Economy' on Various Economic Parameters. (Thread n/n)

(#UPA : 10 Years v/s #NDA : 5 Years)
📊 India's 'GDP' Annual Growth Rate

UPA (10 Years) : 6.7% (Avg)
NDA (05 Years) : 7.3% (Avg)

[Source : Central Statistics Office (CSO)]

#Economy
📊 India's Retail Price 'Inflation'

UPA (10 Years) : 9.9% (Avg)
NDA (05 Years) : 4.5% (Avg)

[Source : MOSPI]

#Economy
Read 16 tweets
THREAD: CF40 just concluded the third Yichun Forum in northeast #China’s Heilongjiang province. Here are some takeaways from the keynote speakers: mp.weixin.qq.com/s/qAmqQE2XQOyU… 1/7
Chen Yuan, chairman of CF40 Executive Council: China should reconsider the strategic significance of its foreign reserves, turning it into the focus of financial
battlefield in the future from its past role as a highly reliable core fortune. 2/7
Zhou Xiaochuan, former #PBoC governor: Only when #RMB is truly internationalized, can China effectively deal with the side effects of various distortions at the global monetary market which is now dominated by US dollar. 3/7
Read 7 tweets
1/9 I have purchased a car very recently. So, I went through the usual motions of a large and involved purchase at the time of my decision. This might also give you an insight into the auto sector slowdown #AutoSector #SlowDown #Economyslowdown #economy
2/9 Clean fuel vehicles are coming: Hydrogen fuel cell, & #ElectricVehicles (#BEV & #PHEV) are coming sooner than we thought. Govt envisions an electric mobility future for us & is taking a lot of steps to push EVs under #FAME2 scheme. To reduce pollution & fuel import bill.
3/9 If I buy a regular petrol/diesel car, it may get obsolete sooner than I imagined. Eg: NCR banned 10yr old #diesel vehicles to improve air quality, push towards electric. All this affects resale value of the #cars. Hence, I considered pushing the life of my current car
Read 9 tweets
Food for thought

Interviewed few ppl for jobs in tier 2/3 cities

They said they would rather work in Bangalore/Mumbai/Hyderabad than stay back in their villages

They said- they wanted to work with the best

Then ppl blame politicians for not providing jobs to Tier 2/3 cities
Then majority of the ppl from Bangalore always tell

Ultimately We want to work in Bay Area or May be HK, SG, AUS, UK, EU, NZ, Dubai etc

Reasons

Commute : I don’t want spend my life in traffic jams

Employers: who don’t let us take vacations

Infrastructure: bad roads

More 💰
Ppl working in central London

What would be nice is

- Working from home in a country side
- More time with family
- More time with nature
- I want to grow vegetables whilst I work for an investment bank

Back to country side
Read 18 tweets
"You don't see radio changing gradually and suddenly become radar. #Darwin's theory doesn't work for #technology, and we have to make a new observation."

- W Brian Arthur at SFI today

#evolution #innovation #invention
"Novel technologies are constructed from existing technologies. These offer themselves as components for the construction of further technologies."

- W Brian Arthur at SFI today

#evolution #innovation #invention #technology #engineering #design
Unlike the two-parent #inheritance typical to (but not ubiquitous among) #complex organisms, #technology inherits features from n parents - a "vast ancestral #network" more like horizontal gene transfer networks in #bacteria.

W Brian Arthur on sumulating #invention on a chip:
Read 18 tweets
It's now painfully clear and beyond any doubt: 1. That the sunny, cost-free, easy-access uplands, posited by the Brexit cult, are mendacious fantasy. 2. That the ever-growing costs, downsides and consequences of Brexit are very real and intellectually indisputable.
#BrexitChaos
We may tire of confronting the undisputed opportunity costs* of #Brexit #CatastrophUK (c.£130bn so far, rising at c.£1.2bn weekly) but our *GDP *Currency *Property Values *Stock Market *Govt Borrowing *Ongoing #Brexodus (ref: @uk_domain_names) combine to drag the UK backwards.
Read 16 tweets
The discussion about negative rates and the "natural interest rate" (central bank fairy) should be directed to its effects to

1) The banking sector, and
2) The real economy.

We already know that the effects to the banking sector have not been good. 👇1/
ft.com/content/c1cb83…
What is missing, however, is the understanding on its effects to the real economy.

We've tried to raise this awareness several times, lately in the March issue of our Q-Review. 👇 2/
gnseconomics.com/en_US/2019/03/…
The Bank of International Settlements (the 'central bank of central banks') have also raised alarms, as nicely summarized by @MishGEA. 3/
moneymaven.io/mishtalk/econo…
Read 6 tweets
Is the World on the brink of a new #Recession? Apparently it is.

With today's #DowJones Industrial Average fall of 800+ points, the market flashed a warning sign about a possible recession for the first time since 2007. Follows @jchatterleyCNN assessment.
Banks are paying people to borrow money. That’s alarming news for the global #economy.

A must read @washingtonpost article that explains in plain english and in detail the storm/tsunami ahead. washingtonpost.com/business/econo… #recession2019
With Europe's main economic engine - #Germany, fully contracted, the #Eurozone industrial production continues to declined sharply raising tangible fears of a new #recession. #EuropeanUnion #recession2019 dw.com/en/is-germany-…
Read 5 tweets
1/ AT ONE TIME, EVERY PIECE OF #PAPER MONEY WAS BACKED BY #GOLD. REMEMBER… FOR EVERY 20 DOLLAR BILL… THERE WAS $20 WORTH OF GOLD IN A #GOVERNMENT VAULT. NOT ANYMORE.

TODAY, GOVERNMENTS CREATE #CURRENCY BY FIRST CREATING BONDS OR TREASURY-BILLS.
2/
THESE #BONDS ARE SOLD IN THE #MARKET… GENERATING FUNDS FOR THE GOVERNMENT THAT ISSUED THEM.

LARGE #BANKS BUY U.S. BONDS TO FLIP THEM… SELLING THEM TO THE #FEDERAL RESERVE AT A PROFIT -- THIS IS THE MAGIC MONEY MACHINE. #FED
3/ YOU SEE… THE FED IS AMERICA’S #CENTRALBANK. BUT IT DOESN’T HAVE ANY MONEY, NO #CASH ON ITS BALANCE SHEETS.

WHEN A BANK BUYS A BOND AND TAKES IT TO THE FEDERAL RESERVE, THE FED SIMPLY SAYS “THANK YOU MR. BANKER, HERE’S THE PRINCIPAL AND SOME #PROFIT.”
Read 12 tweets

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