@oledanielson True, businesses hate uncertainty and like more control over their cost structure

Private sector workers in America are used to layoffs. 20+ million of them a year. Public sector workers simply aren't. And that's why DOGE's actions and statements are so shocking to them.

@LohmuseP You’re proving my point. The economics literature is full of studies and meta-analyses from multiple countries showing that immigration -> more demand for housing -> higher housing and rental costs. But all we hear about is feared construction worker shortages.

To clarify, the potentially disinflationary policies get plenty of coverage...just not their potentially disinflationary impact.

@cate_long 🙉

Easily the dumbest thing I’ve ever seen: California has for years prevented insurers from charging actuarially fair premiums in the name of affordability. Now, the bill is coming due. Play stupid games, win stupid prizes.

From Pew Research: "46% of workers who currently work from home at least some of the time say they would be unlikely to stay at their current job if their employer no longer allowed them to work from home, including 26% who say they’d be very unlikely..."

RT @ernietedeschi: Imagine!

RT @ernietedeschi: The really good news continues to be housing. CPI housing (rent & OER) came in at 0.32% MM, just a hair away from its 0.…

RT @ernietedeschi: Bad news and good news in the CPI report. First the bad news. Groceries up 0.5% MM and 1.9% YY. Not surprisingly, a big…

RT @graykimbrough: This increase in repeat homebuyer age combines several shifts. Homeownership rates have dropped for adults under 65 si…

RT @jasonfurman: Oops, forgot to post the PCE-based Ecumenical underlying inflation measure 2 weeks ago (someone just DMed to ask for it).…

I could watch this 100 times

@oledanielson Right, but in an expensive state like CA, delaying means paying people additional months of ALE, and that gets expensive