Election Analysis - The election turnout is considered extraordinary, potentially the largest in 30 to 40 years [2] - A key message is the need for a government that represents working people and the middle class, addressing issues like housing, child care, transportation, and healthcare affordability [4] - Voters care about affordability, particularly the cost of housing [6] - The idea that everyone should be able to afford housing is not radical [7] Economic Commentary - The top earners in America have never had it so good, while 60% of Americans live paycheck to paycheck [5] - There is significant income and wealth inequality, with one person owning more wealth than the bottom 52% of American society [8] - Giving a trillion dollars in tax breaks to the 1% and throwing 15 million people off healthcare is considered a radical idea [8]

Joining me now is Zoron Mdani, the Democratic nominee running for mayor of New York City. Thanks for being here. >> It's a pleasure to be on. >> Uh it's great to have you. You've campaigned on affordability for a long time. Let's take a look. >> When we all fight together on this issue of housing, >> we are in a fight for housing justice for every single New Yorker. From 2021 to 2022, the rents went up 34%. We're committed to freezing the rent for the more than 2 million rent stabilized tenants. >> It's the ...

As a progressive in a conservative-leaning country, Rob Jetten will find it hard to put together a government that can tackle issues such as housing and immigration. But he is celebrating his victory as a triumph of optimism https://t.co/WUpUp9NZBx ...

RT unusual_whales (@unusual_whales)Long term performance of stocks vs housing, per WSJ: https://t.co/fxYnRE1sXw ...

RT Shanaka Anslem Perera ⚡ (@shanaka86)The hidden punchline in your table … the CPI of life (house + healthcare + college) compounds faster than cash.Implied from your numbers (1990→2024):• Housing: ~2.6× price rise ⇒ ~2.8%/yr• Healthcare: ~4.0× ⇒ ~4.2%/yr• College: ~6.5× ⇒ ~5.7%/yr• Money-market: ~2.56× ⇒ 2.8%/yr• Gold: ~6.84× ⇒ 5.8%/yrSo a saver riding money-markets roughly kept up with generic CPI, but fell behind the “life basket” that actually matters (tuition, care, shelter). Gold, with a scarcity-dri ...

A newly signed housing bill rezones state land around busy public-transport stops to allow for taller residential buildings. It slaps hefty fines on cities that try to deny such buildings a permit. But there are still plenty of details to be worked out https://t.co/nH7q11dAq1 ...

Debate Focus - The debate is expected to heavily feature the "Yes" side, given the total count from all speakers [1] - Key topics for the Mayoral Debate include public safety & Rikers, housing, rents, zoning, affordability with a $34 Billion gap, schools (charters, G&T), transit (free buses?), migrant services & shelter, business climate & jobs, governance & ethics [2] Specific Propositions - The majority of betting lines are on the "Yes" side [2] - Specific propositions being considered include "Public Transport 3+ Times" (YES), "Rent Control / Rent Controlled" (YES), "Defund / Defunding" (YES), "Rikers / Manhattan" (YES), and "Charlie / Kirk" (NO) [2]

Monetary Policy & Economic Data - The FOMC (Federal Open Market Committee) typically meets every six weeks to vote on monetary policy [3] - Access to high-quality data is crucial for monetary policy decisions, but decisions aren't made daily [2] - The industry emphasizes forward-looking policies, considering future expectations for inflation and output gap [4][17] - Financial conditions are the channel through which monetary policy operates [27] - Monetary policy works with lags, making it inappropriate to solely rely on backward-looking data [16][17] Inflation & Housing - The industry expects a significant disinflation in the services component of inflation indices, driven by shelter costs [7] - Housing costs, particularly rent surges and shelter cost increases, are a major component of inflation indices [5][6] - Immigration shocks have impacted housing rents, initially pushing them up and potentially reversing to negative net migration [35] - Services inflation, particularly driven by housing/shelter costs, is considered the most persistent and sticky part of inflation [33] Neutral Rate & Economic Growth - The speaker's conception of the neutral rate is around 05% (a half), based on a weighted average of model-implied and market-implied rates [9] - Policies like deregulation can expand the potential output of the economy faster than actual output, creating a positive output gap [13][14] - Fiscal deficits in February through August are about $400 billion at an annualized rate below the comparable period in the previous fiscal year [28] Tariffs & Trade - The elasticity of demand in imports is much higher than the elasticity of supply, suggesting foreign producers bear the burden of tariffs [40] - Flat import prices could be due to a weaker dollar offsetting the decrease in dollar prices from tariffs [45] - The speaker compares prices of import-intensive core goods to overall core goods to assess the impact of tariffs on inflation [54]

Monetary Policy & Data Dependency - The Open Market Committee member emphasizes the utmost importance of high-quality data for monetary policy decisions [2] - The member hopes to receive necessary employment and inflation data before the next voting decision in approximately six weeks [2] - The member expresses uncertainty about the continuation of rising food and gas prices [3] Inflation & Housing Costs - The member believes a significant disinflation will be driven by shelter costs, influenced by population growth changes [5] - The member expects to see some reversal of rising prices [4] - Housing costs are identified as the largest component of the inflation process [4] Economic Outlook & Neutral Rate - Current conditions include inflation at approximately 3%, unemployment at 43%, and growth in the third quarter [5] - The member's concept of a neutral rate is around 05% based on a weighted average [6] Policy Impacts & Deregulation - Past policies, such as high population growth and large fiscal deficits, were seen as pushing interest rates higher [6] - Deregulation is expected to accelerate, expanding output by removing regulations [9] - Policies can expand the supply side and potential output [8]

Housing Policy - Labour's new town plan is presented as a "build, baby, build" strategy to address housing needs [1] - The report suggests the actual impact of Labour's plan on housing supply may be overstated [1]