Menzie Chinn

@mchinn.bsky.social

Professor of Public Affairs and Economics, University of Wisconsin, and Blogger at Econbrowser. All views are my own.

@washingtonpost.comReposted by @mchinn.bsky.social

Nearly 170,000 pounds of meat products are being recalled because they were falsely labeled as having gone through federal inspection. The affected products were produced before Sept. 22 and may have false USDA inspection labels that say “EST. 1363.”

washingtonpost.comNearly 170,000 pounds of raw meat recalled for false inspection labelsThe affected products were produced before Sept. 22 and may have false USDA inspection labels that say “EST. 1363.”
@mchinn.bsky.social

Increased US govt bond issuance, & prospects thereof, colliding with lackluster official sector demand (i.e., central banks); Increased deficits due to higher interest rates that are likely to persist indefinitely (r > g) Elevated elevated uncertainty regarding US macro policy mix can't help, too...

@weakinstrument.bsky.socialReposted by @mchinn.bsky.social

2/n: Banning diesel exports would *temporarily* provide some price relief for most of the country, but not for New England. Because pipelines don't run that far north, PADD 1A has to import large amounts of diesel, which means it's competing with a (structurally short diesel) Europe for barrels

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