@greg_ip

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 Washington, D.C.
wsj.com/news/author/greg-ip
Joined January 2011
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Greg Ip
@greg_ip5h
1/ Trump called “tariff” the most beautiful word in the dictionary. He somehow made it the most hated word in politics. He has thus endangered would could have been a legacy-defining shift in American trade policy. My column: wsj.com/economy/trade/how-ta…
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"How Tariffs Became the Most Hated Word in Politics" wsj.com/economy/trade/how-ta… "Trump’s trade agenda collided with the public’s cost of living agenda, and trade lost."
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You love to see it. RIP protectionism as populism. wsj.com/economy/trade/how-ta…
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Greg Ip retweeted
Josh Lipsky
@joshualipsky5h
Great piece from @greg_ip on the politics of tariffs. But campaigning against tariffs may look different than reality of repealing them. Ip points out what I argued in the Times over the summer: "Repeal might also get harder by 2028 when domestic industries have gotten used to protection, some of the promised investment has materialized and tariffs are supplying almost $200 billion a year in federal revenue." wsj.com/economy/trade/how-ta…

How Tariffs Became the Most Hated Word in Politics

President Trump’s tariffs collided with public anxiety over the cost of living. Now his trade legacy is at risk.

wsj.com
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Replying to @greg_ip @InnovateEconomy
4/ And because of the capricious way Trump deployed tariffs he personalized them, turning Democrats and independents off, @scottlincicome tells me. Ds may have supported some of the tariff agenda; they are now on record wanting to reverse it.
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5/ Democrats shouldn't be smug. The same thing happened to their climate agenda: biden pushed it when people were worried about the cost of energy, and the other side made political hay of it.
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Greg Ip retweeted
Douglas Irwin
@D_A_Irwin6h
When my book came out, everyone asked if Trump was going to change the direction of US trade policy. "Too soon to say" I'd say because of status quo bias. Now Trump made "tariff" one of the most hated words in politics, says @greg_ip wsj.com/economy/trade/how-ta… via @WSJ (1/2)

How Tariffs Became the Most Hated Word in Politics

President Trump’s tariffs collided with public anxiety over the cost of living. Now his trade legacy is at risk.

wsj.com
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Greg Ip retweeted
Brad Setser
@Brad_Setser14h
Replying to @greg_ip
Any sense of how many levered investors are just playing the market outright v doing so on a RV (hedged) basis ... ultimately the world has to be long treasuries, and thus any RV player is relying on someone else's demand for synthesis duration (for example lifers getting duration v swaps after going into private credit for yield and volatility laundering)
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Looking at today's dramatic decline in Treasury yields, worth remembering that the growing role of price-sensitive investors is two sided: it can explain large moves up, and down. Many of those investors are hedge funds arbitraging the curve or between cash and derivatives and dislocation could come either by liquidating shorts (yields fall) or longs (yields rise).
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Tim Carney
@TPCarney17h
AI bots know that authors are desperate for someone who seems to have read their book.
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In the old days, we didn't have banks, we used coffee cans
Jerusalem
@JerusalemDemsasOct 21
someone used the term "coffee cans" to me yesterday and I was totally puzzled and just realized that Folgers used to come in cans not plastic containers
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As first reported by @sgurman @jdawsey1 @MHackman of @WSJ
Annmarie Hordern@annmarie22h
NYT: The Justice Department has opened a criminal investigation into Corey Lewandowski over accusations that he personally profited from his role as a top adviser to the Department of Homeland Security, according to two officials with knowledge of the situation.
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And right on cue, the Trump admin announces 4 more equity stake deals (via the CHIPS Act, which doesn't expressly authorize equity deals), thus bringing the grand total to 40 (FORTY). nist.gov/news-events/news/20…
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Very good explanation from one of the smartest French economists of why Mélenchon can cancel all French sovereign debt that was outstanding as of July 1st this year without any negative consequences, as long as he promises it’s a one-time default.
Gabriel Zucman
@gabriel_zucmanOct 21
Replying to @gabriel_zucman
Let’s be clear: this is a highly inappropriate way to model the effect of Prop 40 on taxpayer behavior. For one, it’s a basic violation of rational expectations, a cornerstone of modern economics. In Jaros and @joshrauh world, the billionaires act irrationally: they respond to a policy that does not exist and will never exist. Economics students around the world are taught this is not an appropriate way to model behavior — but apparently in this context (fighting Prop 40) it’s OK.
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Could a food crisis follow the energy crisis? A confluence of factors point that way: soaring diesel, shortage of fertilizer inputs, and El Nino. Based on S&P Global report. Read more in my newsletter: wsj.com/economy/a-food-crisi…
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Greg Ip retweeted
Shashank Joshi
@shashjOct 21
Anthropic will be very surprised to learn that the US government can’t direct a private company to make or not make particular decisions.
Laura Rozen
@lrozenOct 21
Replying to @lrozen
Rubio: “The important point is we cannot direct a private company as to the decisions they make or not make.  What I can tell you with certainty is the President of the United States nor anyone in our system ever requested that any changes to that system be made, and that’s what we said repeatedly.”
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Peggy Flanagan has said she “graduated Phi Beta Kappa” and with a double major. She did not, however, graduate with honors or a double major. wsj.com/politics/policy/minn…

Exclusive | Minnesota’s Democratic U.S. Senate Nominee Inflated Academic Record

Flanagan said she “graduated Phi Beta Kappa,” but records raised questions about the claim.

wsj.com
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Contra @BillAckman and @johnarnold, the Fed is entirely capable of killing the AI boom and bringing down inflation. My newsletter recalls those in 2000 who wrongly doubted the Fed could deflate the Internet mania. Also this morning: shout outs to @jasonfurman @mtkonczal and @Samfr. Please subscribe! Read today's here: wsj.com/finance/investing/ye…

Yes, the Fed Can Kill the AI Boom

Plus, AI slop comes for the government, why big families are a status symbol, and lessons from Jerome Powell’s calendar.

wsj.com
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My bottom line
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