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Scott Lincicome @scottlincicome
, 4 tweets, 1 min read Read on Twitter
While I was buying grass seed at the hardware store just now, I noticed that YETI now makes a 16oz coffee mug and have never impulse-bought anything faster. It is sweeeet. #DadLife
Yesss.
Also, #ProTip for you young dads out there as we enter aeration/overseeding season: splurge on the grass seed coated with fertilizer - not only does it grow faster, but the damn birds won't eat it!
I learned this the hard way back in the fall of '13: saved a few bucks and bought the uncoated stuff and the backyard looked like a scene from a Hitchcock movie. And the lawn ended up very patchy. Awful.
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Excellent, myth-shattering research from @sffed on American consumption & imports:
frbsf.org/economic-resea…
TL;DR: only ~11% of US consumption dollars are spent on imports (only ~2% from China); BUT abt HALF of these dollars go to US firms/workers & half of imports are inputs /1
More:
Fig 2: when Americans buy imports, the ones "made in CHINA" generate the most revenue (~56 cents for every dollar spent) for US firms/workers;
Fig 3: imports from NAFTA countries (esp Canada) are most often industrial inputs for US manufacturing /2
Also interesting: even for goods (which are more easily tradable) US consumers spend well under half of their dollars (42.4%) on imports.
(Note also the significant shares of US content in imports & vice versa) /3
Read 7 tweets
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Except the vast majority of the consumer benefits of trade, referenced here, accrue to America's poor and middle class, not the "elites."
Meanwhile, subsequent research has shown significant benefits for US manufacturing from the "China shock", eg,
and

and
/2
Then there is the research showing that the rise of Chinese trade competitiveness was due less to US govt/elite action (eg PNTR) than to China's *own liberalization* /3
Read 10 tweets
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Good thread on tariff incidence (though I'm not sure Trump gets this point at all). Also important: in the real world, a lot of things prevent a quick/easy shift in supply or change in import price - contracts, supply chains, consumer preferences, finite global supply, etc.
In Section 301 comments, for example, dozens of US firms noted that, bc of these factors, it'd take YEARS to switch import suppliers, even where adequate non-China supply exists. Others said that US demand outstripped non-China supplies & building new facilities wasn't realistic.
So there are a lot of practical impediments to shifting a tariff burden away from consumers, even where the textbooks say it should be easy.
Read 3 tweets

Related threads

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🌳Breathe🌳

Trump brand toxic in Putin's Kremlin; Putin/MbS bromance blooms

Trump Directed Illegal Pymts During Campaign

French intel is scrutinizing foreign interference in Yellow Vest movement.

Kush tells MbS to weather the storm following Khoshoggi’s brutal murder
#Bought
🌳KushMbS2🌳

Tom Barrack friend to both Trump & the Gulf rulers, introduced Kush to his associates as a useful ally during the campaign.

“You will love him and he agrees with our agenda!” Per 2016 e-mail Mr. Barrack wrote to the Emirati ambassador in DC, Youssef Otaiba.
🌳KushMbS3🌳

Since beginning of the Trump adm, Kush had been having private, informal convos w/ MbS. #WhatsApp #PWND

Despite restrictions Kush & MbS kept chatting, In fact, they were on a first-name basis, in text messages and phone calls.#WhatsApp #PWND #Bromance
Read 59 tweets
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Now, ITHAKA president Kevin Guthrie interviews Elsevier chair YS Chi. #ithakatnw18
Guthrie: How do you square revenue with purpose in a commercial setting? Chi: You have to balance the two or you cannot persist. Sometimes it is a matter of timeline. Shareholders demand short term; Leaders must ensure longer term perspective. #ithakatnw18
Chi: We are trying to ask the market to be on a journey with us. If you want only short term returns, please do not own our shares. #ithakatnw18
Read 44 tweets
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Now this is #TooGoodNotTOShare
#Paraprosdokians

I am sure most know of it but few use it👌

#Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected & is frequently humorous..
I liked paraprosdokians the very first time I heard of them.

#NiceWeekendReading ..

#Enjoy ..

1 Where there's a will, I want to be in it

2 The last thing I want to do is hurt you, BUT it's still on my list
3 Since light travels faster than sound, some people appear bright until you hear them speak

4 If I agreed with you, we'd both be wrong

5 We never really grow up.
WE only learn how to act in public.

6 War does not determine who is right ... only who is left
Read 7 tweets
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Now that Google+ has been shuttered, I should air my dirty laundry on how awful the project and exec team was.

I'm still pissed about the bait and switch they pulled by telling me I'd be working on Chrome, then putting me on this god forsaken piece of shit on day one.
This will be a super slow burn that goes back many years. I’ll continue to add to over the next couple of days. I’ll preface it with a bunch of backstory and explain what I had left behind, which made me more unhappy about the culture I had come into.
I spent most of my early career working for two radical sister non-profit orgs. I was the only designer working on
anywhere from 4-5 different products at the same time. All centered around activism and used by millions of people.
Read 149 tweets
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Now: We're exploring the abstract, beautiful world of math with @DrEugeniaCheng, @rebegol, @emilyriehl. #SciFriLive scifri.me/kc1
A coffee mug and a donut are one and the same, according to math, says @rebegol. #SciFriLive
"If you have a huge imagination you have a huge capacity of doing mathematics," says @DrEugeniaCheng. #SciFriLive
Read 5 tweets
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Now I can tweet the whole Rubaiyat of Omar Khayyam

Wake! For the Sun who scattered into flight
The stars before him from the Field of Night
Drives Night along with them from Heav'n, and strikes
The Sultan's Turret with a Shaft of Light.
Before the phantom of False morning died,
Methought a Voice within the Temple cried,
"When all the Temple is prepared within,
Why nods the drowsy Worshipper outside?"
And as the Cock crew, those who stood before
The Tavern shouted "Open then the door!
You know how little while we have to stay,
And, once departed, may return no more."
Read 72 tweets

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