As welcome as Taylor's version is, please read Linda Ronstadt's statement
Adam Posen
67.7K posts
Adam Posen
@AdamPosen
President, @PIIE. Globalist. Former central banker. Political economy with a policy purpose. Advises governments, investors, and anyone nice. Personal opinions.
- I want to profess my admiration for the report today by @bankofengland Dep Gov Jon Cunliffe on the real causes of the market disruption for UK pensions and gilts Speaking truth to power is a duty for an independent central bank. Well done!
- Thanks @BrexitBin for the shout out In the full version of this talk from Summer 2017, we ended up forecasting precisely what is happening now (sadly but inevitably) to the UK auto industry.In case you missed it ... Back at the start of Brexit, renowned economist @AdamPosen set out a very fair and balanced assessment of how Brexit would negatively affect our economy. Looking back at it, every word of what he said came true. #BrexitHasFailed
- For the City of London, on the news about Amsterdam overtaking, and the concerns of BOE on regulatory equivalence with the EU, I refer you back to what I said in 2017 would be the impact of Brexit on UK financial services. (Thanks @Femi_sorry )Hey Brexiteers, Don't worry about the news about Amsterdam and the City of London. Top economists like @AdamPosen definitely didn't warn you this would happen in 2017. Just keep believing in Britain. It'll be fine!
00:00 - The UK inflation data is not a surprise to me. For over a year, I have warned that the forecasts of declining inflation were delusional, given what Brexit did to labor mismatch and food, and what bad governance did to credibility (to the policy regime overall, not specificallyIn comparison to the US & eurozone, @AdamPosen says the UK is suffering the additional problems of Brexit, a loss of credibility of economic governance, & the legacy of under-investment in public health & transport services. “It’s not good." ft.com/content/497543…
- UK should move to a much softer Brexit as quickly as possible on a unilateral basis, start looking more like Norway and Switzerland, for the sake of the British people and the economy. That means not seeking to distance from EU standards. Thanks @JontyBloombiz @TheNewEuropean
- "We believe #Brexit is the primary driver of the high & widening inflation differential between the UK & its European peers," argue @LucasRengifoKel and I Brexit amplified the inflationary impact of a simultaneous common shock. #PIIECharts
- Replying to @Sime0nStylitesAs I said #Brexit is a trade war UK declared on itself. The British economy isn't becoming HK or Singapore of the 70s, it is becoming the UK of the 70's again @Simon_Nixon @thetimes
- Trump's economic plan is not more of the same or just a negotiating tactic. It will be implemented. And it will undermine US economic stability in ways the last time did not. Don't kid yourself or others. New from me in @ForeignAffairs A🧵 1/
- My new analysis @ForeignAffairs Why China's slowdown is economic long COVID and will persist, and Why that means US strategy should shift to an open door for exiting Chinese assets, not containment
- As no deal #Brexit approaches, please remember Investment, standards, and flow of ideas and people are more important than trade in stuff Even a deal at this point is either a Deal in Name Only for those purposes, or is BINO, there's no in between @Femi_sorry @jdportesThis is the most chilling explanation of what Brexit will do to the UK economy after December. By @AdamPosen, President of the Peterson Institute for International Economics. #ThisIsWhatYouVotedFor
00:00 - Replying to @AdamPosenAlso credit to the @CommonsTreasury for commissioning in rapid time a report which would be data based, public, and unafraid. Good governance leads to better policies.
- Replying to @AdamPosen
- On Brexit, a thin deal is better than none - but that's like saying I had an amputation as scheduled, and turns out there was no post-op infection. So, could've been worse, but still not good. The UK will survive, but its people will have to work harder than they should to thrive
