jmackin2.bsky.social
James Mackintosh
@jmackin2.bsky.social
2.4K followers 210 following 1.3K posts
Writer of Streetwise column in the Wall Street Journal www.wsj.com/streetwise Here for FinTwit c. 2012. Ex FT
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3h
(For now)
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3h
One is fine: gdp.
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3h
Worth remembering if Badenoch's stamp duty abolition policy appeals that the last Tory govt raised top rate of stamp duty from 4% to 12%
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 7h
Does politics and international relations count?
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 7h
Overall the chart will only surprise Greens and Labour left who argue based on anecdote and US data that the UK has become wildly unequal and dominated by top 1%
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 7h
Looked it up: WAS includes DB estimates now using SCAPE discount rate, so break in methodology. Seems odd that it suggests now less unequal than the series that ignores DB
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 7h
The footnote says what it calls the distributional national accts doesnt, not sure about other series
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 8h
They probably used excel
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 8h
Do bond yields matter much to DC? DB isn't included, is it?
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 1d
Investors think the Pixies were singing about Japan youtu.be/PVyS9JwtFoQ?...
Pixies - Debaser (Official Video)
YouTube video by 4AD
youtu.be
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 2d
It's always 5 o' clock somewhere!
jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 2d
Nail Polish remover might solve A
jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 2d
How did France become ungovernable? Gradually, then suddenly
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 2d
Truss a la Francaise?
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 2d
Also we aren't in the successor to the EEC!
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
UK could probably do without this one

Agreement in the form of an Exchange of Letters between the European Economic Community and the Union of Soviet Socialist Republics on a Credit Guarantee for Exports of Agricultural Products and Foodstuffs from the Community to the Soviet Union
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
With the level of coherence displayed in this speech we'd end up withdrawing from the OED
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
Also, re: full-fat capitalism, remember 2009?

US could suffer $10bn loss on GM stake - on.ft.com/3IYAw5D via @FT
US could suffer $10bn loss on GM stake
on.ft.com
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
@katie0martin.ft.com re: US institutional resilience - surely you remember 2011?

SEC probing S&P’s US downgrade - on.ft.com/48Nu5wE via @FT
SEC probing S&P’s US downgrade
on.ft.com
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
Presumably the traditional claim of patents - that without IP there's little incentive for research - would have at least some offsetting long run effect?
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 3d
Disappointed by the lack of sandals in that pic. Perhaps now socks-and-sandals are trendy (😬) the Greens have given them up as too mainstream?
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Reposted by James Mackintosh
welshgasdoc.bsky.social
Dave Jones @welshgasdoc.bsky.social · 5d
Sarah Mullally has really broken the stained glass ceiling.
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 5d
That's a different argument to the idea that they are to blame for rising prices, though. They want to take a successful model and supercharge it, and the growth is meant to finance the debt. Often it doesnt, but hard to argue customers are the losers.
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 5d
A strategy of raising prices only works if customers stay - so either it is a monopoly (restaurants v competitive) or they were underpriced to begin with. Compare non-private equity owned and prices also high. So this is a poor explanation, especially given PE chains so often overexpand and lose!
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jmackin2.bsky.social
James Mackintosh @jmackin2.bsky.social · 5d
Whats weird is that the Taiwanese don't allow easy conversion - would lower cost of capital for TSMC and boost local stock market by in effect selling to Americans at a wild premium.
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