Julian Jessop @julianHjessop
Independent economist. Likes charts. IEA Economics Fellow. Speakers for Schools. FRSA. Geller Commission. Own views, etc. I fund myself. See website for more 👇 julianhjessop.com/about/ 'Tufton Street' (apparently!) Joined May 2009-
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Image of the day... 🏆
Short 🧵 for 'nowcasting' nerds 🤓 The first estimate of #euro area #GDP in Q1 is out tomorrow (consensus +0.1% q/q). I've been playing around with a rule of thumb suggested by economists at the #ECB, based on the #PMI... ecb.europa.eu/press/economic…
FYI, German #inflation likely to have ticked up to 2.4% in April on the EU harmonised measure (unchanged at 2.2% on the national measure), but both 'core' and services inflation lower than in March, so still looking good for first #ECB rate cut in June. destatis.de/EN/Press/2024/…
A less encouraging signal from the #EU... 🤨 Economic sentiment edged lower in April and remains below its long-run average (tomorrow's #GDP data may show return to growth in Q1, but recovery looks set to remain feeble) More here: economy-finance.ec.europa.eu/document/downl…
Here’s that Professor of Economics who was arrested at Emory university and everyone seems to think is some poor victim of police repression. Caroline Fohlin ADMITS she hit a police officer on the head. Even professors are not allowed to assault cops. Yes, even professors.
To recap. Prior to leaving the EU, said lorry with dodgy contaminated food would've been completely unchecked and entered the UK market unhindered. Alex says EU exporters are going to be sending dodgy contaminated goods to the UK - and he'd prefer we didn't check them at all.
To recap. Prior to leaving the EU, said lorry with dodgy contaminated food would've been completely unchecked and entered the UK market unhindered. Alex says EU exporters are going to be sending dodgy contaminated goods to the UK - and he'd prefer we didn't check them at all.
In some ways the rest of the world will miss the @snp. They've done us a favour by retesting lots of very very stupid policies.. so we can all be absolutely sure they don't work. Who will do that for us now? bloomberg.com/opinion/articl…
honestly, fuck Greenpeace. Golden Rice is a brilliant thing, but those obnoxious Luddites don't like science and don't want kids to get vital vitamin A.
honestly, fuck Greenpeace. Golden Rice is a brilliant thing, but those obnoxious Luddites don't like science and don't want kids to get vital vitamin A.
Broad money growth picking up slightly in the #euro area, but credit still sluggish... 👇 (open to interpretation, but consistent with weak recovery and low #inflation 🤓) source: ecb.europa.eu/press/stats/md…
Tom Harwood @tomhfh
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4K Followers 497 Following Visiting Professor in practice @LSEEI; trustee Director @IOExport; member @CATribunal. Previously Department for International Trade, @tradegovuk, UK;Been playing on my mind all day...I just can't believe the Elliott Wave folk didn't tell us MoF intervention in the JPY was on its way...
I got blocked for this reply. I thought it quite witty after his calling me a ‘retard’ eek . #MMT
This wins twitter today 😂😂
When you intervene in $JPY markets and don’t even have to log into Bloomberg 😂
This is not a bonanza for Ireland. Customs duties etc are obviously bad for the exporting nation (in this case 🇬🇧) but the burden falls on firms and consumers in the importing nation (in this case 🇮🇪).
More Brexit benefits for Ireland! Ireland has landed a €700m (£600m) Brexit bonanza with a steep increase in tax revenues flowing from customs duties now applicable to imports of clothing, food and other goods from Great Britain. “The level of customs duties has effectively…
Great quote from #politicslive, from the US social psychologist Johnathan Haidt, on the battle against the rise in anxiety in kids and the connection with smartphones and social media. "The Europeans tend to regulate with too heavy a hand...the UK is actually leading" #Brexit
From the eternal sea he rises, / Creating armies on either shore, / Turning man against his brother / 'Til man exists no more.
Incredible that this embarrassing word salad is printed as an 'editorial': theguardian.com/commentisfree/…
@LizWebsterSBF Why do the Pro EU people always go shopping at obscure supermarkets at closing time on a sunday armed with a camera to capture their pre planned outrage?
@BlogWyatt @tonywestonuk @julianHjessop it is our (@UKandEU) mission! But the Guardian piece covers so much ground in such a confused way I am not sure where I'd start. @t0nyyates may have some thoughts..
@jdportes @BlogWyatt @tonywestonuk @julianHjessop @UKandEU What a jumble it is. By criticising everything it gets absolutely nowhere. Rather like the campaign and research groups with the 'rethinking economics' moniker.
@jdportes @BlogWyatt @tonywestonuk @julianHjessop @UKandEU The MMT/Kelton body of thought is a distraction at best. Long term, we know that money printing is almost irrelevant to financing the state. Countries with low and stable inflation record money printing revenues of tenths of % of GDP.
@jdportes @BlogWyatt @tonywestonuk @julianHjessop @UKandEU The answer to the question 'are higher interest rates inflationary' is one empirical economists have worked on for years and we have the answer 'no'.
I love these and I’m suspicious of anyone who doesn’t.
The regime that kills women for showing their hair and hangs gay men from cranes is praising the progressive students for sticking it to Israel. Well done kids 🙌
Don't worry, Neil...I'm using my 5000 allocated words to write a (nearly) autobiographical account of the sex life of a nearly 80 year old sky-diver and her myriad lovers. I've already spent the prize money.