Gabe Rubin
@gaberubin.bsky.social
US Columnist at Reuters Breakingviews, writing about economics and policy in DC. Formerly WSJ.
Gloria: in excelsis deo
Rich Raho@richraho.bsky.social · 6d agoPope Leo received singer and songwriter Patti Smith in private audience this morning. The Pope and Smith are both Chicago natives. She was accompanied by @antoniospadaro.bsky.social, undersecretary for the Vatican's Dicastery for Culture and Education.
Foes of Fed independence take aim at enforcement - tinyurl.com/6h6s8fs9 @gaberubin.bsky.social
Foes of Fed independence take aim at enforcement
The Supreme Court shielded the central bank’s monetary policy primacy but left oversight powers vulnerable. Mission creep and blow-ups like SVB make those authorities an easy target. The risk is ...
tinyurl.com
Sonny Rollins being the last person in A Great Day in Harlem to die is like Adams and Jefferson being the last two signatories of the Declaration to die (on the same day)
Lanrick Bennett@lanrickbennett.bsky.social · 2mo agoA Great Day in Harlem, 1958 photograph by Art Kane RIP Sonny Rollins www.nytimes.com/interactive/...
What's SpaceX really worth? Toggle away on Breakingviews' calculator www.breakingviews.com/calculators/...
Happy 50th birthday to Metro, the best Washington monument and a vital part of this city and my own life
US undermines its own global minerals push - tinyurl.com/zw5s6d85 @gaberubin.bsky.social
US undermines its own global minerals push
A proposed international common market for critical elements shows a White House keen for allies to confront Chinese advantages. Facing down perhaps $500 bln of needed worldwide investment, the pl...
tinyurl.com
It's the most wonderful time of the year...when the @breakingviews.reuters.com team unwraps its predictions for the 12 months ahead. The 13 Days of Predictions kicks off with @gaberubin.bsky.social looking who will hold real power at the Federal Reserve. #BVPredicts www.reuters.com/commentary/b...
Breakingviews - Scott Bessent will be the real next Fed chair
The US Treasury Secretary’s tight grip on picking Jerome Powell’s replacement previews a new era for the central bank. A Bessent-led review of the Fed’s $6.6 trln balance sheet and bank regulations me...
reuters.com
The Trump shock part 1: The president’s claim that tariffs will simultaneously raise revenue and boost U.S. manufacturing is incoherent, but also leaves less room for negotiation. www.reuters.com/breakingview... By @gaberubin.bsky.social for @breakingviews.reuters.com
Breakingviews - Trump tariffs tip world into trade war abyss
Donald Trump is pushing the global economic order to the breaking point. Unveiling new tariffs on Wednesday, the president said that he was being “kind” by only raising levies to half the level that his administration reckons peers place on U.S. imports. Consumers, businesses and world leaders are unlikely to feel much tenderness. Starting at 10% for all nations but rising higher for a bewildering array of trade partners – including 34% for China, 20% for the EU and 26% for India – they bring U.S. trade duties to their highest rates since the Great Depression. Top trading partners Canada and Mexico will be subject to their own bespoke regime. The stated twin goals of raising trillions in revenue while forcing manufacturing onshore are irreconcilable, complicating any last-minute attempts to negotiate a climb-down. In the meantime, the damage will be significant.
reuters.com
The Javier Milei/George Osborne approach to austerity makes no sense in a US context-- better to make some targeted cuts and improve some services a la Al Gore, and call it a day
Breakingviews - Breakingviews: Mapping the way for Elon Musk’s efficiency drive
Elon Musk’s understanding of the so-called deep state comes off as rather shallow. The Tesla CEO reckons $2 trillion can be slashed from the U.S. bureaucracy, echoing decades of arm-waving over wasteful spending in Washington. It’s a noble cause, but an implausible figure. Although there are undoubtedly savings to be found, it would be more helpful to find better ways to use allocated government capital.
reuters.com
I didn't realise Scott Bessent had advocated Abenomics for the United States. Yikes. Via @gaberubin.bsky.social @breakingviews.reuters.com www.breakingviews.com/considered-v...
