Announcement on May 28 from Heritage:
“The Heritage Foundation is thrilled to announce Dr. EJ Antoni as its new chief economist, bringing his exceptional ability to communicate complex economic ideas with clarity and passion to advocate for the American people. Known for his insightful analysis, Dr. Antoni is deeply committed to promoting conservative economic policies that spread prosperity to everyone.”
For the record:
EJ Antoni Redefines Recession as What the American People Feel
EJ Antoni Worries about the Gap between CES NFP and CPS Employment
Son of ShadowStats: “Government economic figures hide the truth about the economy”
Did Government Employment Account for Most of September’s Employment Gains?
Lessons in Why We Don’t Judge Recessions on the Basis of GDP
The Great Replacement “Theory” * Comes to Economics at Heritage
“we never left the recession of March 2020 and … everything has been getting gradually worse”
This appointment says everything about Little Antoni and about Heritage.
The meaning of “complex” as it is used here in “complex economic ideas” is not the one in the dictionary, but is the central qualification for this job.
Main qualifications for Heritage jobs is to be able to ignore data/facts and peddle the right wing narratives. He seems perfectly qualified for the job.
I guess he outdid Stephen Moore in this regard
Howdy!
I guess Kudlow and Moore could not keep up with Antoni’s disinformation sprees.
Heritage is useless. A changing dialect, it will change again.
Serial liar Kevin Hassett said the felon-in-chief is likely to have a “wonderful” (perfect, beautiful…) conversation with China’s Xi this week:
https://abcnews.go.com/Politics/hassett-confident-courts-uphold-trumps-tariffs/story?id=122392800
(Big guys, strong guys, with tears streaming down thier faces, have thanked the felon for gonna-having this call.)
Today is Wednesday, and no call, but the VIX is down 3.5% today. Volatility breeds volatility, and calm breeds calm, so this week’s lie is paying off.
Didn’t Hassett join the party back in April when the White House kept claiming Xi was edging toward talking to the felon, when Xi was doing no such thing, instead talking smack about Trump to anyone who’d listen?
Not that I think China hasn’t teased the White House into saying Xi was open to a call. Xi has let the felon burn credibility at every opportunity. Accusing China of violating a “pre-deal” is not, not, not going to result in top-level contact. Not.
Not.
So no call.
By the way, this is on topic, because whenever the Antoni is discussed, lying about everythig, all the time, is on topic.
TACO
Sensational appointment. A shame it is in a recession
Northern Illinois University and Carl Campbell must be so proud. /s
Here is a link to EJ’s dissertation – https://huskiecommons.lib.niu.edu/allgraduate-thesesdissertations/6821/
“a fearless truth-teller”.
WTF? The clown lies more than even Stephen Moore.
On the divergence between hard and soft economic data, the Dallas Fed has found that it extends tothe Beige Book:
https://www.dallasfed.org/research/economics/2025/0527
Anecdotal information collected by the Regional Fed Banks has become less upbeat, relative to hard economic data, in the “post-pandemic” (sic) period. Interesting, but not surprising. Contacts surveyed by Fed banks live in the same society as those surveyed by the Conference Board and U. Michigan and others.
This disconnect does, however, suggest a problem. As the Dallas Fed report notes, theBeige Book has proven useful in the past in detecting turns in the economy. If there has been a change in the quality of anecdotal data (not good/bad quality, but in the meaning of the data), then we should not trust it until we’ve gained experience with its new meaning.
ADP has reported private jobs data for May – a gain of 37,000. That’s the smallest rise in 19 months:
https://fred.stlouisfed.org/graph/?g=1JqyV
Weakness is pretty widespread and extends a sharp slowdown started in April, when only 60,000 new jobs were reported. Hiring is on an obvious sloing trend this year.
Futures priced in a modest reduction in year-end fed funds rates in response to the data, but the modal estimate is still for fed uts of 50 basis poi ts this year, vs 75 bps a month ago.
The key phrase there is in “promoting conservative economic policies,” as they could have left off the bullshit that follows in the “that spread prosperity to everyone.” What does it mean to “promote?” As in a promoter of a theatrical production. We are learning more and more directly who benefits from Heritage economic and fiscal policies (those that will the in-group of “everyone”) and those who are screwed over and are no longer persons who count and should best die quickly and Make America Healthy Again.
so a bunch of republicans are now claiming they would not have voted for the BBB had they been given sufficient time to read it. a bunch of republicans voted yes for what has been called one of the most comprehensive bills ever, and they had no clue what was in it? it was republicans who pushed this bill through in the middle of the night with no oversight. quit opining about buyers remorse you idiots. you don’t get to make excuses for one of the greatest budget busting bills of all time. you own it republicans. next time take your congressional vote more seriously. simply irresponsible behavior.