Stacey Vanek Smith
@svaneksmith
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New Yorker, Idahoan, Story-Seeker, Radio-Maker @Bloomberg @Marketplace formerly @NPR @TheIndicator @PlanetMoney Author ‘Machiavelli for Women’
New York
Joined January 2009
It’s here! After three years of research, Interviews and typing away, I got an early copy hot 🔥🔥🔥off the presses. Strange and so exciting!!! to actually see it and hold it. A huge thank you to all the amazing women who shared their work, research and stories with me.
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The most important fact about global inequality is that it has fallen sharply since 2000. Erasing more than a century of increase. Probably not a coincidence that this was the era of hyper globalization.
Today, I joined 500+ researchers from 70 countries in calling on world leaders to create an International Panel on Inequality modelled after the IPCC— as recommended by the G20 Committee on Inequality led by @JosephEStiglitz. Help us spread the call. 🔗 https://t.co/R6mNpSUxMT
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Great conversation about Boomers, Zoomers, Gen X, and Millennials w me @kylascan, @svaneksmith, & @JoeNocera for @OpentoDebateOrg. Who's screwing whom?
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BLS just announced the September jobs report will be released on Thursday, November 20. [Note: This should be a "full report" with both the households survey and establishment survey info]
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What is the lipstick effect and what does it say about our economy? On this episode of the Everybody's Business podcast, @svansmith and @chafkin talk about how, in times of economic uncertainty, the beauty industry often thrives as consumers cope by spending on modest luxuries
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The lipstick index 💄 is flashing red. Is a recession coming? My latest for @BW @business their excellent beauty issue #recession #economy #spending
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100-year mortgages in Japan and the effect on housing affordability
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The Federal Reserve is flying the economy blind. ✈️ Because of the government shutdown, the Fed is being starved of the critical data it needs. Even if the shutdown ends this week, it's highly unlikely they will have the complete picture needed to decide on an interest rate cut
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The UMich Survey has gotten more sensitive to partisanship over time. As an experiment, I reweighted the index so that Ds, Rs, & Is make up a fixed 40%-40%-20% composition of the sample each month. The new index is nearly 9 points higher in November (at still-low levels).
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Christine wins.
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Many would-be buyers are frozen out of the housing market https://t.co/DDZ62ZDjfE
npr.org
Only about one in five homes sold in the last year went to a first-time buyer. And the average person buying their first home was 40 years old — a record high. A new report from the National Associ...
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There's a little bit of economics underlying Musk's trillion dollar payday. Let's try to make sense of it all by serving up a main course of the Economics of Superstars, with a side of Principal -Agent problems, and a healthy helping of Political Economy. https://t.co/X9HkyKLnuH
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50-year mortgages are the shrinkflation of debt instruments. Lower monthly payments, but from lower equity accumulation. And the lower payments could just get partially capitalized right back into housing prices.
A 50-year mortgage saves you about $270/month (on average with same rates), but takes 18 years more to get to 50% equity. The amortization schedule is ugly. Wouldn't help with down payment. 30-year duration is better tied to working lifecycle. Why not build more housing instead?
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Econ 101 midterm question: Based on what you know about risk pools and adverse selection in healthcare markets, will giving people money instead of giving them money to buy health insurance lead these markets to function more effectively, or will it just lead more people to be
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Let's talk about Trump's tariffs and the constitution. On Slate's What Next podcast. https://t.co/19NbBJI8uL
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I really hope this is Bloomberg setting up a humor vertical to compete with The Onion.
Bill Pulte, the director of the Federal Housing Finance Agency, said that Fannie Mae and Freddie Mac are looking at ways to take equity stakes in technology companies.
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The turkey in my freezer turns out to have been my best 2025 investment by far.
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this week's episode of everybody's bsuiness is a good one! @mattyglesias on Mamdani, noted Pete Alonso fan @elcush on how delivery is ruining food culture + me and @svaneksmith on AI bailouts, layoffs, musk and more! listen subscribe!!
bloomberg.com
On Everybody’s Business, Matt Yglesias, author of the Slow Boring newsletter, says some things about the city don’t care about party affiliation. Like garbage.
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