John Stepek

Adolescence is an NTB

Merryn Somerset Webb @MerrynSW

Bit tarriffy https://t.co/VISHw5cQ21

Turning back to markets, it's striking to me that the S&P 500 still isn't in a bear market (it touched it on an intraday basis, but it's only the close that counts). Obviously, that doesn't mean that it won't fall more than 20%. But it "feels" worse than that already

Also, there are now lots of "fixed wage" jobs in the UK, between min. wage and public sector bands. Wherever you are, you get virtually the same pay (bar "London weighting" for some). Suspect there's also a notable geographic wage compression effect going on now.

John Stepek @John_Stepek

The fact that Londoners have less money than average after housing costs is intuitive, obvious even. But it explains much of the rage at quality of life. The UK's most vocal area is full of folk who are "well off" pre-tax, but find they can barely get by. https://t.co/HoZmK9RCho

The fact that Londoners have less money than average after housing costs is intuitive, obvious even. But it explains much of the rage at quality of life. The UK's most vocal area is full of folk who are "well off" pre-tax, but find they can barely get by. https://t.co/HoZmK9RCho

This would be great if it turns out to be the case, won't hold my breath

Simon French @Frencheconomics

The best that can be said for this GDP data is that over a more reasonable time frame for estimating economic output growth then the UK's 3m/3m data at +0.6% is an annualised rate of growth of 2.4%. Very reasonable growth - albeit at odds with some of the wider economic data on

RT @julianHjessop: 💥 Boom!🤷‍♂️ UK GDP jumped by 0.5% in February, far stronger than anyone had expected, with January also revised up to z…

Yes I don't normally spend much time questioning official stats (they are what they are, it evens out over time) but this monthly UK GDP figure is so far out of whack with expectations that it seems more sensible to assume that it's noise until otherwise confirmed.

Simon French @Frencheconomics

UK economic growth guesstimated at 0.5% in February. Either the fastest rate of growth in 13 months and a 6% annualised rate - or complete noise - I will let others decide. But I know where I think ONS should place this monthly data release. 🗑️ https://t.co/BGlxIBlqkh

TRUMP: IT WISNAE ME

Michael Brown @MrMBrown

😂😂 *TRUMP ON STOCK MARKET DROP: I HAVEN'T SEEN IT

Now it's the Casualty Stans vs the Adolescence Stans, this is what I call escalation, you can keep yer trade wars

David Baddiel @Baddiel

There’s an interesting moment here where Charlie Stayt says - incredulously - “sorry - are you seriously comparing Casualty to Adolescence?” That’s Casualty, the longest running medical drama in the world, nominated for 19 BAFTAs winner of 7, also 7 RTS awards, a Writers Guild

RT @LucyHunterB: FAO journalists preparing to cover next week's Supreme Court judgment... The background to it is all in Chapter 15 of #W…

Hmm looks like markets have figured out that a massive trade war between the US and China still isn't bullish. Have a listen to the latest podcast chat between @MerrynSW and I for more https://t.co/3FXub5yzbz

Believe it or not, houses in the UK are getting more affordable and with any luck, that'll continue https://t.co/dErkwLUFMV

RT @Frencheconomics: Delayed long-dated Gilt auction by the Bank of England today is a sensible decision at a time of market dislocation. I…

"Have you watched Adolescence yet?" "No, I was too busy listening to the compelling new Merryn Talks Money podcast. You should too." https://t.co/3FXub5yzbz

Don't call it an emergency podcast! Because it's not. It's not even a bonus podcast. It's our run-of-the-mill weekly market roundup podcast. @MerrynSW and I calmly discuss what's been going on in global markets. https://t.co/3FXub5yzbz

This really is worth reading - how a vital local road has been shut for 2 years with no sign of ever re-opening - an extraordinary, educational story about British state inertia (as @Psythor puts it) and just how bad things really are https://t.co/otchih9gAo

RT @duncanrobinson: Badenoch in the right. Stop basing public policy on telly