Stephen Gordon @stephenfgordon
Economics professor at Université Laval. ecn.ulaval.ca/~sgor/ Quebec City Joined March 2010-
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The trend of increasing real weekly earnings continues to hold.
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Stephen Gordon retweeted
I have no particular bone to pick with Anil Arora's career as Chief Statistician, but anyone who utters the phrase "Canada's secret weapon is data" is courting some heavily deserved mockery.
I have no particular bone to pick with Anil Arora's career as Chief Statistician, but anyone who utters the phrase "Canada's secret weapon is data" is courting some heavily deserved mockery.
It was bad enough to learn that Alec Cooper was retiring and that I would be joining the ranks of those without a family doctor. It's so much worse to learn why. cbc.ca/news/canada/mo…
Stephen Gordon retweeted
This capital gains change piece by @trevortombe is really good. I’m slightly less bullish on the change (I do worry a bit what it’s going to mean for housing construction finance), but this is a really good primer to the economics of it. thehub.ca/2024-04-17/tre…
Stephen Gordon retweeted
I've been wracking my brains the past few days to think of an NGO/think tank that has done as much to move the needle on a political issue the way @SP_Inst (and in particular @MikePMoffatt) has on housing over the past 12-18 months, and I'm coming up blank. A huge achievement.
Stephen Gordon retweeted
@stephenfgordon @KroegerCarol Can’t find any English media spending 7 minutes in a factual discussion of the changes, although there was plenty of time available for opinionating without explaining.
This is such a great explainer of the changes in capital gains taxation. Is there a similar clip on CBC somwhere?
This is such a great explainer of the changes in capital gains taxation. Is there a similar clip on CBC somwhere?
Worth noting there will be another CPI release (May 21) before the next Bank of Canada policy rate decision (June 5).
For the second month in a row, annualised CPI inflation rates at horizons of 12 months and less are all in the Bank of Canada's target range. Annualised inflation over the last 3 months was just barely over the 1% lower threshold.
Tax planning professionals must be absolutely giddy today.
Stephen Gordon retweeted
Most non-economists and all Marxist economists, bless ‘em, believe in the “labor theory of value.” You do, probably. Bless you also. My latest column for Folha de S.Paulo. mccloskey.substack.com/p/the-labor-th…
Idling noting that there will be two CPI releases between now and the next BoC policy rate decision.
So is the Leafs' winning the Stanley Cup.
Is anyone reading the Bank of Canada's policy rate announcement and interpreting it as a signal that it's preparing the ground for a rate cut in June? Because that's not how I read it.
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@stephenfgordon @AlexUsherHESA Right!!!???!?!?! The combined probability of all that working out was so low! (Tbf to Statcan, me having saved the series labels was possibly the riskiest part of the thing.)
@AlexUsherHESA “Canada’s secret is data” is a bit more accurate
@stephenfgordon @CdnElectWatch Yup, @CdnElectWatch nailed it. Thx. 👍
Throughout India’s long history, rulers have tried and failed to unite the subcontinent under central authority. A whirlwind tour through 2,500 years of the country’s past helps explain its breathtaking diversity econ.st/3JvTGfM 👇
This is fun: economist.com/interactive/da…
I scored 47 out of 50 points on Dateline, @TheEconomist history game! 🎯⚪️⚪️🎯🎯 Can you do better? economist.com/dateline
Some research on capital gains, a breakfast thread....
humiliating. looks like shit. yet another massive W for earth, the best planet in the universe
we’ve seen eclipses on earth, so here’s an eclipse from mars. this is mars’s moon phobos eclipsing the sun.
@stephenfgordon Also a budget. This will be used by the BoC to derive its own projections of the fiscal balance. Don't hold your breath for a rate cut soon.
@stephenfgordon The bank has been shifting more of its forward guidance away from the press release and toward Macklem’s opening remarks. There’s not much in the press release today on rate cuts, but his remarks touch on the fact the BoC is seeing what it needs to see to cut rates.
The public doesn’t believe in a Phillips curve, and tends to lean more hawkish This and 30 other super interesting charts from @S_Stantcheva nber.org/system/files/w…
@stephenfgordon Nothing much in there, other than the Bank looking for excuses not to cut.
@stephenfgordon Me neither. It's a rather neutral and conditional statement. They won't cut rates unless they believe that, at current rates, they will undershoot their inflation target in 18-24 months' time. They're not there yet.
@stephenfgordon I think you’re in good company:
Shedding new light on why people dislike inflation, leveraging two new surveys in the US, from @S_Stantcheva nber.org/papers/w32300
Japan: real wages flat since 2000
thanks so much!
And of course, no mention of Kurt Cobain can go by without this one from my fave @BrucioMcCulloch going through my head 🕯️ youtu.be/dMO5Cu880W8?si…
@stephenfgordon The main problem with politics is that we leave it to the politicians
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