Scott Lincicome
@scottlincicome
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@CatoInstitute Vice President (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. CH❤️RTS. You didn't read the article, did you? Go @Rangers.
Raleigh, NC & Washington, DC
Joined December 2009
🚨NEW TODAY🚨 The @CatoInstitute docuseries, Faces of Globalization, follows real people here and abroad whose lives depend on the global economy in ways that challenge the current conventional wisdom: /1
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"in 2025, [blue collar] workers get 2.04 airfares for the same amount of time it took them to earn the money to buy one airfare in 2000" via @HumanProgress @gpooley
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Yep. I also liked how @Austan_Goolsbee explained some of the near-term costs (beyond higher consumer prices) to @TheStalwart over the weekend. This stuff adds up, and it all means slower growth.
Yet again,. A) Tariffs are taxes. It seems odd to brag about how much revenue your tax hike has raised. Especially for republicans. B) It’s way too early to say prices won’t increase from tariffs. So far it’s happened but mildly. C) But inflation has always been oversold as
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Harumpf: "China Offers Brazil’s Coffee-Makers a Partial Escape From U.S. Tariffs"
caixinglobal.com
The Chinese government has given 183 Brazilian producers the go-ahead to export to its market
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Like, all the time.
We are materially so much better off than we were in 2009. Unemployment is much lower. Labor force participation is much higher. Real wages for most workers have risen briskly. Median household income is much higher, as are asset values.
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The populists just say stuff.
🤡I feel bad for Lutnick. What a stupid thing to be trotted out to say. The United States is much wealthier than we were in 1985 thanks in large part to international trade and investment. This moron thinks that if someone in another country buys a share of Apple or Ford we are
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RT @business: Kroger is cutting nearly 1,000 corporate jobs to reduce costs and streamline operations after its failed merger with Albertso….
bloomberg.com
Kroger cuts 1,000 corporate jobs to streamline after blocked Albertsons merger.
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FastMCP Cloud is here! 🚀 . FastMCP made it easy to build MCP servers. FastMCP Cloud makes it just as easy to deploy them. It's the MCP-native platform you've been waiting for, and it just works.
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RT @JamesSurowiecki: We are materially so much better off than we were in 2009. Unemployment is much lower. Labor force participation is mu….
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"5 Years On, China’s Property Crisis Has No End in Sight"
nytimes.com
The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences.
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"Commerce Secretary Howard Lutnick said Tuesday the Trump administration is 'thinking about' taking stakes in defense contractors, potentially replicating its divisive move to purchase part of chipmaker Intel."
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FOX PRIMETIME TONIGHT:
Fox just cut away from the Cabinet meeting to report this.
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RT @scottlincicome: Seeing the dangers of its industrial policies materialize and realizing the limits of the manufacturing sector's growth….
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Bitcoin’s on fire at $112K! Time to flip the charts on BTCC!.Exploring Cryptocurrency with Jaren Jackson Jr.🏀.
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Gonna open my window in 45 mins to hear the screams - of joy and pain - when the middle school down the street lets out.
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The second day of Wake County Schools' brand new phone ban might cause its downfall.
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RT @CatoTrade: On August 15, the Trump administration quietly announced that imports of more than 400 additional products would be subject….
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And Intel just admitted as much in the deal's SEC filing.
Trump wanted the CEO fired before they even took the stake. The idea that government isn't going to ask things of Intel -- or that the company won't try to please the White House -- is ridiculous.
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