I see a lot of descriptions of the labor market as tight, time will tell, but constrained seems more apt.

As to casual declarations of stagflation, we've really defined that term down. Even GS reduced growth estimates has real GDP next year up 4% offset by raised 23/24 growth. Image
we're 9 months past the start of vaccinations, half the world is still in some form of lockdown, millions of Americans aren't working because of a virus, it just feels like people are too eager to try and use pre pandemic frameworks to analyze today's still bizarro landscape.
Delta wave pushed back whatever normal means by at least 9-12 months. Let's see what 2H 2022 brings when 70%+ of the world is vaccinated, people are freer to move around and feel safer going to work and play, and hopefully much of the deformities in the economy have worked out.
people saying stagflation are most likely reflexive central bank haters. otherwise it's just people parroting a newfound narrative.

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More from @modestproposal1

5 Oct
The data in some of these charts is pretty interesting. Not sure I've seen this level of detail, or broken out by age bracket before.

Boomers (30+ crowd) time spent on FB Blue is wild.
Teen Instagram usage stats across five major countries
Daily acquisitions for FB blue throughout Covid. I mean this is pretty amazing detail.
Read 4 tweets
20 Sep
🚨🚨🚨 new @Lingling_Wei on Xi's ambitions just dropped 🚨🚨🚨 wsj.com/articles/xi-ji…
“Supervision over foreign capital will be strengthened,” said a person familiar with the thinking at China’s top markets regulator, “so it won’t be able to obtain ultra-high profits in China through monopoly and capital-market operations.”
"Before this year, Mr. Xi was distrustful of capital, but he had other priorities. Now, having consolidated power, he is putting the whole government behind his plans to make private business serve the state."
Read 6 tweets
17 Sep
perfect example of where replacing XYZ megacap tech co with "the internet" is the more accurate formulation. we have created a machine called the internet and we can't control it.
many sites on the internet are mirrors and we don't like what we see
this is not a new observation, and is not specific to this week's revelations, just something to keep in mind
Read 4 tweets
10 Sep
people say twitter is bad but the multi day conversation on BNPL vs CCAs going on between @arampell and the networks mafia is respectful, detailed, and really interesting as an outside observer
area man spent years wondering what the threat to CCAs would be
Read 6 tweets
27 Jul
between india, england and netherlands (and prob others i haven't seen) isn't a working hypothesis that delta is so virulent and burns so hot, that case counts go vertical, run through the unprotected population in a few weeks, and then burns out? is there some other explanation?
Read 4 tweets
22 Jul
"When it comes to the ultra-fast convenience wars, it's too early to write off Amazon. Based on recent job posting uncovered by HNGRY, [Amazon] plans to 4x its network of 17 Sub-Same Day facilities w ~100k of the fastest-moving SKUs in under 5 hours this year and 10X it by '22"
Matt continuing to do great work on the same day/sub same day wars
Read 4 tweets

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