Stephanie Flanders

1.8K posts

Stephanie Flanders

Stephanie Flanders

@MyStephanomics

I am head of Economics and Politics at Bloomberg and host of the Trumponomics podcast . Also a QPR fan. But views are my own, and retweets are not endorsements.

Katılım Mart 2011
477 Takip Edilen120.7K Takipçiler
Stephanie Flanders retweetledi
Alex Wickham
Alex Wickham@alexwickham·
BREAKING: An ally of Wes Streeting - who came out publicly to call for Starmer to go - says Streeting has “blown it.” They say he has lost support today from MPs who might have backed him and that they now don’t think he has the numbers to get on the ballot.
Alex Wickham@alexwickham

***NEW: State of play this evening*** Keir Starmer has defied all expectations, surviving the day despite some 90 Labour MPs calling for his head and four junior ministerial resignations. A minister tells Bloomberg they are astonished Starmer has managed to get through it without being forced to announce a timetable for his departure, saying the day went better for him than anyone can have imagined. Starmer’s stance at cabinet effectively dared his rivals to come out and publicly challenge him. As of this evening, no one has. Streeting is speaking with Starmer tomorrow morning, as per @steven_swinford, after the PM blanked him post-cabinet. The health secretary’s allies say he won’t say anything to distract from the king’s speech. Labour MPs and aides think Streeting is conducting what one calls a campaign of attrition against Starmer by drip-feeding his supporters’ calls for the PM to go. His camp deny he is orchestrating a plot. Streeting’s supporters say they are divided about his strategy. Some are disappointed he has not yet gone over the top, fearing he could be seen as losing his nerve and being labelled a bottle job. However, others caution that pressure has to grow organically on Starmer before Streeting is able to challenge him, otherwise the soft-left will accuse him of a cynical move to force a contest before Andy Burnham is ready. One Streeting supporter says they fear his chances of becoming PM are decreasing. They say they’re struggling to see how he has a path to No10 because if he runs the soft-left will put someone up against him who is likely to be favoured by members. They say they’re coming to terms with what they see as the likelihood that Burnham will succeed Starmer. However so far Burnham is also still silent. He’s in London meeting MPs and discussing his options. His camp insist he has a plan to make it to parliament, but so far they’ve stopped short of announcing it. Labour is in a state of paralysis tonight. David Lammy says no one has come forward and no one seems to have the numbers against Starmer. Most in Labour don’t expect that to hold. They still think the PM will be forced to announce a timetable in the coming days if Streeting, Burnham and the cabinet move. But as of right now, he clings on. Story with great colleagues @EllenAMilligan @Joe_Mayes >>> bloomberg.com/news/articles/…

English
87
235
1.5K
464.3K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
@QPR Soaking up sun, river and Easter egg rolling en route to Deepdale
Stephanie Flanders tweet media
English
1
0
11
2.9K
QPR FC
QPR FC@QPR·
Who's making the trip? 🙋
English
14
2
50
8.3K
Stephanie Flanders retweetledi
Philip Aldrick
Philip Aldrick@PhilAldrick·
Labour's growth plan is more investment. Most (80pc) is UK private sector. By driving up employment costs, it is pushing firms to invest. The numbers are improving. But the price is higher unemployment. UK is looking US these days, and more French bloomberg.com/news/articles/…
Philip Aldrick tweet media
English
4
7
36
12.7K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
He has such good political instincts, it’s interesting to me that Farage doesn’t fear blowback from testifying against the UK in another country - and even offering tacit support for US countermeasures. Even 5 years ago it would have been v unpopular.
Katherine Forster@forster_k

PM pours scorn on Farage, who’s missing PMQs as in Washington talking about free speech. Starmer says he has gone “to bad mouth and talk down our country” and champion sanctions on UK. Response to a likely planted question on the Online Safety Act

English
6
1
21
8.6K
Stephanie Flanders retweetledi
Rebecca Choong Wilkins 钟碧琪
Rebecca Choong Wilkins 钟碧琪@RChoongWilkins·
After six years of reporting in Hong Kong, and at eight months pregnant, I’m very sad to be leaving my colleagues, friends and the place I’ve called home.  fcchk.org/visa-denial-fo… I’ll be out of office for a while on maternity leave. Wherever I land, catch you on the other side
English
40
93
334
48.8K
Stephanie Flanders retweetledi
Oren Cass
Oren Cass@oren_cass·
In which I join the @business Trumponomics podcast to discuss tariffs, inflation, and the Fed. Really enjoyed talking with @AnnaEconomist, one of the few honest brokers out there willing to say when the economics profession is just getting it wrong. bloomberg.com/news/articles/…
English
10
7
22
34.9K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
Is Trump right that the Fed is getting it wrong? The fear is that tariffs will stoke inflation, but that is not supposed to happen when inflation expectations are ‘well anchored’, as the Fed insists. So what gives? @oren_cass and @AnnaEconomist get into it shorturl.at/Hjtma
English
0
2
7
2.6K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
AND f you can’t get enough of this talk there’s Trumponomics - in which economist and Donald Trump fan Stephen Moore explains why he’s bullish about the US even though he’s not happy at all with higher tariffs. bloomberg.com/news/articles/…
English
0
0
0
2.9K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
@nouriel: “The strike price for a Trump put is much higher than for the Powell put and also higher than for the Xi Jinping put. In other words: Trump is gonna blink before the Fed does and before Xi Jinping. “
English
2
2
12
3.2K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
Could China win this trade war with the US? Losing its biggest export market is a big deal, but as @nouriel explains, Xi Jinping has a higher pain threshold than Donald Trump - and more room to cushion the blow on the domestic economy shorturl.at/3TFhN
English
5
3
15
8.3K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
One of the more interesting historical parallels I’ve seen for the past week…Trump Isn’t the First President to Blow Up the Trading System thefp.com/p/to-understan…
English
5
5
9
3K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
Not all economists agree on this topic, to be sure…(and yes there will exporters in 10% countries like the UK who may now see a greater capacity to compete against China in global markets).
Oren Cass@oren_cass

The new policies announced by President Trump today confirm the end of the disastrous WTO era and lay the groundwork for a new set of arrangements in the international economy that prioritize the national interest and the flourishing of the nation's working families.

English
3
1
3
5.4K
Stephanie Flanders retweetledi
Olivier Blanchard
Olivier Blanchard@ojblanchard1·
Running bilateral trade surplus/deficits with different countries is the way it should be. Trying to eliminate each one is simply stupid. I have a trade deficit with my grocer, a trade surplus with my employer. I am not sure it would be a great idea for me to work for my grocer. (Even if the loss for the economic profession was minimal, I am not very good at packing groceries.) Same thing with countries. There are reasons why we sell more to one, buy more from another. Different tariff rates across countries imply reshuffling of deficits and surpluses across countries, but no obvious change in the overall trade deficit. To go back to the economist’s mantra (and the power of identities): If you want to reduce the overall trade deficit, increase saving (you might consider decreasing the budget deficit?) or decrease investment.
English
92
603
2.4K
218.3K
Stephanie Flanders
Stephanie Flanders@MyStephanomics·
Madagascar faces nearly highest (47%) tariff in President Trump’s plan. It ranks 176th in the world with income per head of $500. None of the 5 facing the highest rates has a per capita GDP over $5000 (or $15,000 PPP adj). Are these now countries the US wants to compete with?
English
13
17
74
8.7K