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Shawn Donnan
167.8K posts
Shawn Donnan
@sdonnan
Senior writer, Bloomberg @economics. Ex @FT. Aussie. Red Sox nation. Opinions mine alone. RTs not endorsements. [email protected]
Washington DC
Joined February 2009
- So as best I can tell this morning we now have: - A pandemic crisis - A supply chain crisis - A demand crisis - A labor market crisis - An equity market crisis - An oil price crisis - A brewing bond market crisis - A developing currency crisis - A potential housing market crisis
- “I am speechless,” said Kevin Wolf, who oversaw the launch of the ZTE case as assistant secretary of commerce in the Obama administration. “I’m highly confident that a [US] president has never intervened in a law-enforcement matter like this before.”Trump orders U-turn over sanctions against Chinese telecom group on.ft.com/2L16Vpc
- This quote is devastating: “This is such a rapidly moving infection that losing a few days is bad, and losing a couple of weeks is terrible,” Jha said. “Losing 2 months is close to disastrous, and that’s what we did.”
- This is legitimately a big win for Trump.I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA! cnbc.com/2018/01/17/app…
- Goldman Sachs has a simple retort to all those who say Trump’s tariffs aren’t causing consumer prices to go up...
- Gulp... “Almost 40% of projected farm profit this year will come from trade aid, disaster assistance, federal subsidies and insurance payments, according to the report, based on Department of Agriculture forecasts. That’s $33 billion of a projected $88 billion in income.”U.S. farm bankruptcies surged 24% in September, to the highest since 2011, amid the trade war and a year of wild weather bloom.bg/2NpSsp8
- Trump’s trade war has killed 300,000 jobs, says Moody’s Analytics.
- Thank you to @peterbakernyt's editors for resisting the temptation to straighten out this paragraph... It is a fantastic act of grammar as journalism... nytimes.com/2020/07/14/us/…
- This is a pretty cool way to concede...
- It looks like he misspoke... White House officials being forced to clarify that restrictions will only apply to humans...And trade and cargo... This will have a huge economic impact if he goes through with it... A bigger disruption, dare I say, than any tariffs...
- I took an Uber ride back from the airport tonight with a young Afghan father of three who moved here three years ago after spending eight years working as a translator for the US military. He works 60 hours a week driving for Uber and walked me through the economics of it...
- On nights like this I’m thankful for my fellow journalists who have chosen to be in harm’s way so that the world can see and hear and read what is happening. Stay safe people.
- One of the things I don’t understand: If presidents can make tax and economic policy via executive order why haven’t they done so before?
