Neil Irwin
@neilirwin.bsky.social
8.4K followers 310 following 130 posts
Chief Economic Correspondent at Axios. Author of daily Axios Macro newsletter. Author of "The Alchemists." Formerly: NYT, WashPost.
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neilirwin.bsky.social
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
Reposted by Neil Irwin
felixsalmon.com
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
neilirwin.bsky.social
Was just thinking about how to my 5 year-old, Obama will be the equivalent of what Nixon was to me (a purely historical figure) and 9/11 will be like the Kennedy Assassination.
neilirwin.bsky.social
This is exactly what I’m finding. It’s fantastic when you have enough knowledge to follow up or push harder when something seems off. But in areas where you don’t have baseline knowledge. . .
neilirwin.bsky.social
Let's see how the magic computer answers:
neilirwin.bsky.social
I'll try anything once.
neilirwin.bsky.social
Sometimes you just have to let the robot know who's boss.
neilirwin.bsky.social
For whatever it's worth, I have never met a Canadian I didn't like.
neilirwin.bsky.social
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.
atrupar.com
Carney: "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over."
neilirwin.bsky.social
Not tactical military details, but on things like the decision of whether or not to pull the trigger they'd be in the room. Same reason the Treasury secretary is, by statute, a member of the National Security Council.
neilirwin.bsky.social
Treasury is the main agency that deals with terrorist finance issues.
neilirwin.bsky.social
And then it was of course smooth sailing in the months and years that followed May 2007.
lesliepicker.bsky.social
25 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
neilirwin.bsky.social
Maybe time to get Elon focused on this.
neilirwin.bsky.social
Make the global safe asset shortage great again
neilirwin.bsky.social
I like to eat the occasional banana and favor an economic structure that makes this possible.
kevinwglass.bsky.social
horseshoe theory of bananas
horseshoe theory of bananas
neilirwin.bsky.social
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.
www.axios.com
neilirwin.bsky.social
Dude how many bay leaves do you buy?
neilirwin.bsky.social
This is maybe the most profound and important take ever for us to all internalize.
mckonomy.bsky.social
Powell'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."
neilirwin.bsky.social
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.