Rob Scott (@robscott_epi) 's Twitter Profile
Rob Scott

@robscott_epi

Economist, retired from EPI. Study trade, manufacturing, jobs, capital flows, exchange rates & financial architecture. NATS fan/bicyclist. Opinions are my own.

ID: 1924829780

linkhttp://www.epi.org calendar_today01-10-2013 22:26:49

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745 Followers

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The historic Biden recovery continues with nearly 8 million jobs added since December 2020. This is the fastest recovery in American history, fueled by massive and timely investments in the ARPA and the CARES acts.

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United Steelworker President Tom Conway explains how unions play a critical Safeguarding Democracy, based in part on EPI research showing that unions are good for communities & democracy usw.org/blog/2022/safe…

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China continues to trade and supply Russia. US investors' money continues to flow into China. Is anyone looking at how U.S. investors may be helping to support Russia's economy and military actions as a result? As Russia continues its actions, we must tighten sanctions.

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Smart 3-part plan from @Davidcayj, based on testimony by energy econ. Robert McCullough, to lower gasoline prices & increase oil production by: a) increasing transparency in oil & gas markets; b) creating incentives to increase oil drilling; & c) taxing windfall oil profits #war

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Today's BLS jobs report puts another nail in the coffin of for ridiculous WSJ claim that "tight labor markets" and rising wages are driving the recent inflation spike, as shown by my colleague Elise Gould here: bit.ly/3PWUr3F

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Why are they still at this? WH press secretary in gaggle (about 8 min in) says they are still considering lifting tariffs on China which were imposed because of the CCP's predatory acts. Overall level of tariffs is key as retaliation for injury inflicted. bit.ly/3zCJ5Mg

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Senior VP of Natl Retail Federation says rolling back tariffs on China won't have any real impact: "I’m not sure you’re going to see a dramatic change...” Letting China off the hook for stealing our jobs and technology for a symbolic effort on inflation? nyti.ms/3y2iIOZ

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"Biden should ignore the bad advice he’s getting on tariffs... it’s coming from the same groupthink that believed two decades ago that lower tariffs would help China blossom into a thriving, rules-based economic collaborator," writes Scott Paul. washingtonexaminer.com/restoring-amer…

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HT Adam Hersh for new report, Revoking tariffs will not tame inflation: bit.ly/3OvN41m "At best, removing tariffs would result in a one time" drop of 0.2% in the price level. A one-off drop in PRICES, not a decline in the INFLATION RATE! #china #inflation2022

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Today's Head-in-the-Sand Prize Winner: "“We don’t see it. It’s not happening yet,” Powell told reporters this week, referring to any reversal in services inflation." (bit.ly/3X7yIYX) Who is briefing him & how did this miss this Atl Fed chart?

Today's Head-in-the-Sand Prize Winner: "“We don’t see it. It’s not happening yet,” Powell told reporters this week, referring to any reversal in services inflation."  (bit.ly/3X7yIYX) Who is briefing him & how did this miss this Atl Fed chart?