Archie Hall

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Archie Hall

Archie Hall

@ArchieHall

US economics editor for @TheEconomist | Other writing at https://t.co/qPYdNidstF

DC (+ London/NY, sporadically) Katılım Şubat 2011
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Archie Hall
Archie Hall@ArchieHall·
Some work news: I’m shifting focus at @TheEconomist from the British to the American economy, and moving from London to Washington. DC suggestions—both places to eat and people to meet—eagerly requested.
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Archie Hall
Archie Hall@ArchieHall·
And a great piece from my colleague John Heilbron, on how the Fed may be able to use prediction-market data-- exactly the sort of Warsh-friendly alternative data that might genuinely make better policy. economist.com/finance-and-ec…
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Archie Hall
Archie Hall@ArchieHall·
Then, a deeper look from me at what the Warsh Fed reform agenda looks like. The good news: it is far more modest than the rhetoric of "regime change" suggests—balance-sheet fiddles, comms tweaks and more alternative data. But nor would it improve much. economist.com/finance-and-ec…
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Archie Hall
Archie Hall@ArchieHall·
Something of a Fed extravaganza in @TheEconomist this week. To start, my leader: "How Kevin Warsh could save the Federal Reserve". Warsh wasn't our chair pick. But one version of him may be just the man for this moment of political crisis for the Fed. economist.com/leaders/2026/0…
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Sam
Sam@Discoplomacy·
Going to build a Flat White price index tracker. Cheapest I’ve got so far in London is £2.80. Worst sits around £5. Have yet to see one in SF but not holding my breath on the American side.
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Alex Armlovich
Alex Armlovich@aarmlovi·
The UK's new Building Safety Regulator has been so disastrous that it accomplished something I once thought impossible: Planning permission is, for the ~first time since 1947, no longer the first-order bottleneck on homebuilding in the UK 😬
Sam Bowman@s8mb

Only two years ago Labour pledged to allow 1.5 million homes to be built during this Parliament. Among people I know, one of the main reasons to vote Labour was the hope that they would build some houses. Since then, only ~217k new homes have been completed in England. Housing starts have fallen to their lowest in over a decade – even lower than during Covid. Housebuilding in London is down by 75% – to 5,891 starts in 2025 compared to a target of 88,000. This failure is shared by the Conservatives, who introduced a swathe of terrible building safety regulations after Grenfell that have made it impossible to build in London (and have, incidentally, helped to ruin many leaseholders as well). But Labour hasn't touched these rules. And it has done nothing of note to make it easier to build in other ways. It has also passed a Renters' Rights Act that locks landlords into tenants indefinitely unless they sell or move back in to the property. Tenants can challenge any rent rise, and face no penalty for wrongful claims (under the old system, they faced the risk of their rent being raised, which cannot happen anymore). The law even introduces de facto rent controls by allowing new tenants to immediately challenge rents they have just agreed to. It is designed to clog up the tribunals, and tenants have every incentive to challenge rent rises under any circumstance. The natural response of landlords has been to leave the market ever since these rules were first floated (again, under the Conservatives). That has driven rents up even higher and made it harder to find places to rent. Today the trend is so obvious that the government is now floating *explicit* rent controls, on top of the de facto ones introduced in the Renters' Rights Act. The doom spiral we are in is pretty clear: - Do nothing significant to expand housing supply; - Introduce "renters' rights" that make it much riskier and costlier to be a landlord; - When landlords sell their properties, driving up rents and the scarcity of rented homes, introduce 'temporary' rent controls. ← You are here - With an election looming, extend the rent controls so they are de facto permanent. - As even more landlords sell to flee the market, introduce a ban on selling rental properties into owner-occupation. - You have now expropriated 19% of the English housing market, and destroyed the build-to-let sector altogether. If I was a landlord, I would sell to get out of the market ASAP while it's still possible. For renters, this will make it even harder to find decent places to live and move around when circumstances change (eg, you have a new job or want to start a family). Much of the British left seems intent on destroying the private rental market. But Labour has also managed to preside over the worst collapse in housebuilding in modern times, apart from the financial crisis, after campaigning on promises to expand it. An abject failure in almost every way.

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Archie Hall
Archie Hall@ArchieHall·
@DuncanCorbin Yah the question was mostly rhetorical trolling—but the deeper point is that investing in infrastructure around volatile commodities necessarily encompasses a range of periods of both v high and v low returns. Trimming the upside is a recipe to shut down any growth in the sector
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Archie Hall
Archie Hall@ArchieHall·
+80bps on the UK 10-year yield post-Iran War -- double either the US or Germany Blame what you like, but something's broken
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Owen Winter
Owen Winter@OwenWntr·
Zack Polanski likes an average of 65 posts per day on Bluesky (every day since last April!). I dug into the online habits of Britain's first digital native party leader
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
Five months in, I think I've decided that I don't want to vibecode — I want professionally managed software companies to use AI coding assistance to make more/better/cheaper software products that they sell to me for money.
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