Skanda Amarnath
@IrvingSwisher
Executive Director - @employamerica http://employamerica.org @skandaamarnath on other sites. RTs/likes != endorsements. Charitable interpretation advised
The Supply Problem In The Fed's Framework - Part 4: Preparing For Inflation Risk Where Investment Is Rate-Sensitive High interest rates have slowed rental construction aggressively relative to demand. Market rents could reaccelerate soon. Does the Fed know how to respond?
Trump's CEA chair last year was voicing concern that lower mortgage rates might stoke shelter inflation x.com/SteveMiran/sta…
ok but what happens if lower mortgage rates start pushing home prices and rents back up
The president says that if the Fed lowered short term rates, interest expenses for the U.S. would fall by $1 trillion per year. The U.S. spent $1.1 trillion on interest expenses in 2024, and so there's almost no way this claim is remotely true.
Looking forward to hearing more here I’m glad there’s an appreciation for 1) the unique long-term benefits of nuclear power, 2) economies of scale (!), & 3) the need to coordinate with other states if we’re going to have any chance of getting nuclear right wrt costs & time
Third, we need a reliable source of electricity generation that can meet our state’s need for decades to come – and that’s nuclear power. I’ll work with neighboring states to harness economies of scale and expand safe nuclear power capacity in New Jersey at a low cost, which will…
Big thank you to @PrestonMui at @employamerica for his input throughout the process! This analysis was made stronger because of him. Special thank yous to @mtkonczal @apmechan @GabeMenchaca @lawsonhmansell @marthagimbel for taking early looks and giving feedback as well!
A lot of people are blaming AI for grads’ poor outcomes, but I find the evidence for this claim is surprisingly thin. Excited to release a new analysis w/ @employamerica on the labor market performance of recent college grads. 🧵
Check out @RadWill_'s guest post for @employamerica! Evidence AI is already accounting for labor mkt weakness is thin. But I wouldn't be shocked if firms that went big on capex and now looking to cut back spending use AI as a tactical justification for labor cuts (a la 2000-03)
A lot of people are blaming AI for grads’ poor outcomes, but I find the evidence for this claim is surprisingly thin. Excited to release a new analysis w/ @employamerica on the labor market performance of recent college grads. 🧵
ICYMI: I've got a new piece out with @employamerica arguing why AI is not to blame for the worse employment outcomes of recent college grads. You can find the major takeaways here👇
A lot of people are blaming AI for grads’ poor outcomes, but I find the evidence for this claim is surprisingly thin. Excited to release a new analysis w/ @employamerica on the labor market performance of recent college grads. 🧵
Mohamed is friends with Kevin Warsh, who is jonesing for the chance to be Fed chair despite a record of poor judgment, partisan hackery, and obsequious behavior. Both are members of “The Group of Thirty” (G30) Both can shamelessly self-rationalize (“someone must, therefore I”)
NEWS: @elerianm tells me Fed Chair Jerome Powell should resign in order to protect Fed independence, as the Trump administration’s criticism widens from the individual to the institution of the central bank. Our interview here on @axios axios.com/2025/07/22/jer…
Decentralization of land use authority is *the most significant driver* of NYC's affordable housing crisis. A strong state that can make clear, rational decisions with input from the community needs to eliminate hyperlocal governance veto points like this. This is how good…
The Charter Commission’s Final Report significantly weakens the City Council’s role in land use decisions. This shift toward executive control undermines democratic oversight and meaningful public engagement. I stand with my colleagues who are fighting back. Our statement below:
blue states should build a ton of nuclear to own the cons. red states should build a ton of nuclear to own the libs. everyone would be so owned, it would be awesome.
No serious plan in NJ can avoid taking nuclear seriously But there are many unserious “pro-nuclear” paths. Don’t chase shiny new objects, choose wisely!
love to see what seems like a clear-eyed view of how we get nukes to scale. on the back of the failures of offshore wind, blue states like NJ have a lot of capital lying around and a lot of need for clean gen. could make for some interesting and important nuke plays!
Third, we need a reliable source of electricity generation that can meet our state’s need for decades to come – and that’s nuclear power. I’ll work with neighboring states to harness economies of scale and expand safe nuclear power capacity in New Jersey at a low cost, which will…
It’s hard to get your head around being this good at a sport for 30 years, from a young teenager to mid-40s.
Wow. Wow. WOW! 45 year old Legend Venus Williams, playing her first singles match since march 2024, defeats world #35 Peyton Stearns 6-3, 6-4 to reach the 2nd round in Washington WTA 500. Hit 9 aces. That's her first singles win since august 2023. Simply UNREAL.
Third, we need a reliable source of electricity generation that can meet our state’s need for decades to come – and that’s nuclear power. I’ll work with neighboring states to harness economies of scale and expand safe nuclear power capacity in New Jersey at a low cost, which will…
Shoutout to @IrvingSwisher and the folks at @employamerica, who've been talking about surging electricity prices for months now
This 👇 Electricity prices surging and they're going to continue rising 😓 CPI Energy Services + 1% in June +12% annualized last 3M @RyanDetrick and I talked about this on a recent Facts vs Feelings episode, incl PJM price increases podcasts.apple.com/us/podcast/jer…
WBI (wonky but important) --> The electricity grid operator for VA/PA/MD and 10 other states just had a MAX PRICE auction for next year. In plain English, it means your electric bills are likely going to RISE again next year. Possibly by a lot. One big reason is that it's…