Profile picture
, 3 tweets, 1 min read
"Recent research suggests that current official statistics may understate productivity growth by missing a significant part of the growing value we derive from fast internet connections and smartphones." Jerome Powell October 08, 2019 federalreserve.gov/newsevents/spe…
I agree. And what about open source and imbedded software and non final goods? And exports? If they aren't part of "productivity," then what exactly are they? brookings.edu/wp-content/upl…
GPS handsets were once expensive (e.g., $1,000 plus). GPS is now in virtually all if not all smartphones. GPS in smartphones isn't part of GDP now because the price is zero. If GPS capability in a smartphone isn't part of productivity, then what is it?
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Tren Griffin

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @trengriffin see all

Profile picture
Tren Griffin
@trengriffin
"It was a 90-degree turnaround" apnews.com/6da0840ac53748…

Maybe that 90 degree reference was intentional. Or not. Still a tough business even if you make a 1/4 turn.
Wholesale transfer pricing: "It’s very disappointing that we were unable to negotiate a long-term extension of our lease at our Times Square location," gothamist.com/food/shed-auth…
In Anthony Bourdain’s "Disappearing Manhattan" episode he pointed out that old school restaurants are able to stay in business only because they have no landlord. google.com/amp/s/25iq.com…
Read 3 tweets
Profile picture
Tren Griffin
@trengriffin
Charlie Munger: "I can’t give you a formulaic approach because I don’t use one. I just mix all the factors, and if the gap between value and price is not attractive, then I go on to something else." We buy securities like Apple that we wouldn’t have bought in the old days." 2018
Bill Gurley: "Knowing what long-term cash flows look like requires knowledge of a vast number of disparate future variables. What is the long-term growth rate? What is the long-term operating margin? How long will this company hold off competition?" abovethecrowd.com/2011/05/24/all…
"While one might not have specific numbers required to complete an accurate DCF, we do know which business qualities would have a positive impact on a DCF exercise, all things being equal. characteristics that are inconsistent with a strong DCF model have low “revenue quality.”
Read 6 tweets
Profile picture
Tren Griffin
@trengriffin
Wearing a Waffle House hat and a chef's jacket to work tomorrow is fantastic, but being part of a team that raises money for a food bank is even better. Food Court and Silent auction has raised as much as $65,000 in a few hours. Today I'm making loads of applesauce (Fuji apples).
Guests create a plate of food and then go to the Northwest Harvest table to pay "what they think is right." The event's approach is based on Cialdini's reciprocity tendency. Guests are also introduced to a fabulous charity for future direct gifts of cash, food and volunteer time.
This annual fund raising event is a small part of employees and the company match raising $163 million for nonprofits and schools in 2018. Employee participation in the giving program rose to 74 percent in 2018, supporting 21,785 nonprofits and schools. A tradition since 1983.
Read 3 tweets

Related threads

Profile picture
Presidency | Rwanda
@UrugwiroVillage
President Kagame begins keynote address: I am very pleased to join you here today, to launch the Mara Phones factory, which is the first of its kind in our continent. The first smartphones ever to be made in Rwanda have already rolled off the assembly line #MadeInRwanda
President Kagame: The Mara Phone joins a growing list of high-quality products that are made in our country. Producing smartphones is not a simple matter. Around one thousand individual components are involved as we have been taken through the whole process #MadeInRwanda
President Kagame: The Mara Phones plant is therefore a complex manufacturing operation requiring significant technical skill and expertise. It is another milestone on our journey to high-tech, “made-in-Rwanda” industry #MadeInRwanda
Read 16 tweets
Profile picture
Christophe Barraud🛢
@C_Barraud
🇺🇸 🇨🇳 *U.S. WAITING TO HEAR FROM #CHINA ON TRADE DEAL, KUDLOW SAYS - BBG
*KUDLOW EXPECTS U.S.-CHINA MEETING IN MARCH IN MAR-A-LAGO
*TRUMP, LIGHTHIZER ARE VERY CLOSE, KUDLOW TELLS CNBC
🇺🇸 🇨🇳 #CHINA WOULD HAVE TO NOTE ANY FX INTERVENTION UNDER DEAL: KUDLOW - BBG
🇺🇸 🇨🇳 *MNUCHIN SAYS #CHINA #TRADE TALKS INCLUDE 150-PAGE DOCUMENT - BBG
Read 819 tweets
Profile picture
Noah Smith
@Noahpinion
Today's @bopinion post is an important one. It's about how China's growth model changed in response to the Great Recession.

But more broadly, it's about whether China's authoritarianism will hurt its long-term growth.
bloomberg.com/opinion/articl…
We start with the observation that China's economy is slowing down (h/t to @BaldingsWorld):
bloomberg.com/opinion/articl…
BUT, this may be only the most recent effect of a longer-term trend: slowing Chinese productivity growth.

In 2008, Chinese productivity growth collapsed and stayed low. Here's the most optimistic estimate I could find:
Read 18 tweets
Profile picture
Christophe Barraud🛢
@C_Barraud
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
Profile picture
Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets

Trending hashtags

#economic #anesthesiology #SPX #Treasuries #exchanges #Intel #5G #Trade #anthropology #smartcitirs #science #Housing #CleanAir #impinv #facts #Pentagon #Thailand #capitalism #Growth #Fentanyl #Asia #CleanWaterAct #research #KarlMarx200 #deleveraging
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!