Neil Irwin
@neilirwin.bsky.social
Chief Economic Correspondent at Axios. Author of daily Axios Macro newsletter. Author of "The Alchemists." Formerly: NYT, WashPost.
A thing about modern life I don't care for is every service provider hectoring you to give them an online review afterward. Constant texts trying to get me to give gold stars to the plumber, the furniture delivery guy, the pediatric urgent care, etc. THAT'S WHAT THE MONEY IS FOR
Some personal news... I'm leaving Axios at the end of this month! Which means there's now an opening for a markets reporter. Apply here! job-boards.greenhouse.io/axios/jobs/6...
Senior Reporter, Markets
Remote
job-boards.greenhouse.io
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gone christmas GIF - Find & Share on GIPHY
Discover & share this gone christmas GIF with everyone you know. GIPHY is how you search, share, discover, and create GIFs.
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Catherine Rampell@crampell.bsky.social · 2y agoWe're on track for another market bloodbath tomorrow.
Stroll down (unhappy) memory lane with the great @vermontgmg.bsky.social who is out with an oral history of the Bear Stearns collapse/rescue. www.washingtonpost.com/opinions/int...
Opinion | The weekend that shook the world
Seventeen years ago, Bear Stearns collapsed over a weekend — what lessons remain today?
washingtonpost.com
If you're just a guy who has covered central banking for the last 20 years and has known Mark Carney and his mindset for a long time, it is disconcerting to watch this.
Aaron Rupar@atrupar.com · 2y agoCarney: "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over."
Energy executives do not like what they're getting out of the administration. "I have never felt more uncertainty about our business in my entire 40-plus-year career." www.dallasfed.org/research/sur...
Oil and gas activity edges higher; uncertainty rising, costs increase
Activity in the oil and gas sector increased slightly in first quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey.
dallasfed.org
And then it was of course smooth sailing in the months and years that followed May 2007.
Leslie Picker@lesliepicker.bsky.social · 2y ago25 years ago, the S&P 500 hit its dot-com bubble peak. The max drawdown from that point was 49% and the index did not get to a new high until May 2007 - via Oppenheimer
I like to eat the occasional banana and favor an economic structure that makes this possible.
@kevinwglass.bsky.social · 2y agohorseshoe theory of bananas
It's just the preliminary numbers, for which n=~420, and sentiment hasn't been a good guide to consumer activity in recent years. But this is, um, really bad. www.axios.com/2025/03/14/c...
Consumer sentiment plunges in early March, inflation expectations soar
Even among Republicans, sentiment declined by double digits.
axios.com
This is maybe the most profound and important take ever for us to all internalize.
Michael McKee@mckonomy.bsky.social · 2y agoPowell's answer to what he's learned from the pandemic business cycle is perhaps the classic advice: "However fat you think the tails are, they're fatter than you think."
I will never tire of a company with a [checks notes] $1.03 trillion market cap sticking with a the 1997-era-Geocities-style website. At this point it would be disappointing if they were to modernize it.
This chart from the BLS's press release tells the not-so-great story of where we are on inflation.
Things getting real for Canada-domiciled bourbon enthusiasts. www.cnbc.com/2025/02/02/o...
Ontario to remove U.S. alcohol from shelves after Trump's tariffs announcement
The Liquor Control Board of Ontario will remove American alcohol from its shelves in response to U.S. President Trump's tariffs on Canada.
cnbc.com
Another Chiefs-Eagles Super Bowl is a dark timeline that we cannot avoid. Apparently.
Turns out it is enjoyable to watch your city’s NFL team play in a competent manner against excellent competition in the playoffs. Who knew?
NFL weeks, ranked: 1) Divisional playoff weekend 2) Conference championship weekend 3) Week 1 4) Super Bowl 5) Thanksgiving 6) Wild card weekend
"The best way to make a successful transition to the public sector is to do so with humility. The alternative, in many cases, is to have humility thrust upon you." www.wsj.com/opinion/the-...
Opinion | The Limits of ‘Running Government Like a Business’
After a long and successful private-sector career, I came to Washington—and it made me more humble.
wsj.com
Turned on Texans-Chargers like 10m ago and every play has been the craziest thing I ever saw.
It’s no longer the Economists’ Hour. Well done from @bencasselman.bsky.social here. www.nytimes.com/2025/01/10/b...
Economists Are in the Wilderness. Can They Find a Way Back to Influence?
Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
nytimes.com
Anybody up for a little mid-cycle adjustment? The 2019 FOMC transcripts are out! Have at it. www.federalreserve.gov/monetarypoli...
2019
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
Robusto! +256k on payrolls in December, unemployment rate edges down to 4.1%
Fed vice-chair for supervision Michael Barr is stepping down from that role, while remaining a Fed governor, front-running a potential legal clash over whether Trump can demote him. Come for the news, stay for the gaming out Trump's options for reshaping the Fed. www.axios.com/2025/01/06/b...
Top Fed bank cop steps aside, front-running potential Trump clash
Michael Barr will remain on the central bank's board of governors.
axios.com
