Biography
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Hi, I’m looking for someone who completes me and… wait, I’m being told that this isn’t an online dating profile. And that I should keep it professional. And put on a shirt.

I’m Alphaville’s US editor, and I founded and host two FT podcasts about economics and business: Alphachat, our weekly variety-news show, and Alphachatterbox, which features a longform conversation with a single guest for each episode. You should listen to them!

Oh no, you kept reading. I meant that you should listen to them RIGHT NOW. I’ll wait.

Born and raised in Tampa, university at Georgetown, and with the exception of a year spent backpacking abroad I’ve been in New York for the past decade. Before joining Alphaville I spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way I’ve written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head). When my guard is down I’ll admit to having attended journalism school.

Prior to becoming a journalist, I was an analyst for three years at the JPMorgan Private Bank. I worked for a team that had clients in Mexico and the Southern Cone, and I ran an internal newsletter for other analysts at the bank, overseeing a small staff.

I tend to write mostly about US macroeconomic issues, with daily excursions into other topics. Find me also on Tumblr and as a recurring talking head on the Marketplace Weekly Wrap, NPR’s Here & Now, the Yahoo! Daily Ticker and a few other places.

Alphachat: Ryan Avent on the social capital of firms, development economics, and monetary policy

Ryan Avent is the Free Exchange columnist at the The Economist and the author of The Wealth of Humans, a new book about the challenges and opportunities presented by a world of labour abundance. (Mostly the challenges.) Read more

MMF flows and restricted money-ness

About $700bn has shifted from prime to government money-market funds this year. Here’s what that says about regulations and the illusion of safety in certain assets. Read more

Alphachat: Tina Fordham on pricing in the risk of Trump vs Clinton

Our guest this week was Tina Fordham, chief global political analyst for Citi and lead author of papers on geopolitical risk and women in the global economyRead more

Macro Live, Yellen presser edition starting at 1:55pm EST

The Fed is expected not to raise rates at the conclusion of Wednesday’s meeting, but that doesn’t mean the FOMC statement or the subsequent presser will be uneventful.

On the table are a change in the trajectory of future rate hikes, a signal that the next hike is very likely in November or December of this year, and changes to the Fed’s estimates for US growth. Read more

Alphachat: Dan Drezner on forecasting the next-gen political economy

Alphachat is available on Acast, iTunes and Stitcher. Read more

Alphachat bonus episode: Arlie Russell Hochschild’s guide to Trumpland

Arlie Russell Hochschild, a sociologist at Berkeley, spent five years in the Louisiana bayou researching her new book, Strangers in Their Own Land: Anger and Mourning on the American Right. An excerpt from the book was published in Mother Jones last week, and we spoke to her on the phone just before the Labor Day break. I’ll write more about the interview and about Trump supporters in a later post. Read more

Alphachat: the problem with drug pricing

Alphachat is available on Acast, iTunes and Stitcher. Read more

Alphachat: the egregiously protectionist dairy racket in… Canada?

Alphachat is available on Acast, iTunes and Stitcher. Read more

Heidi Williams and the economics of gene sequencing, patent design, and innovation incentives

Alphachat and Alphachatterbox are available on Acast, iTunes and Stitcher. Read more

Alphachat guide: the tradeoffs of city life, and a new era for the business of mixed martial arts

Alphachat is available on Acast, iTunes and Stitcher. Read more

Alphachat: Vox-pop from Camp Alphaville; “Overrated/Underrated” with Tyler Cowen; and the JPM pay bump

Alphachat is available on Acast, iTunes and Stitcher. Read more

Jamie Dimon’s misguided op-ed, and the right economic lessons of the JPM pay raise

Jamie Dimon’s public request for a back pat opinion piece in the New York Times heralds an upcoming raise for many of the bank’s lower-paid workers (our bold):

Our minimum salary for American employees today is $10.15 an hour (plus meaningful benefits, which I’ll explain later), almost $3 above the current national minimum wage. Over the next three years, we will raise the minimum pay for 18,000 employees to between $12 and $16.50 an hour for full-time, part-time and new employees, depending on geographic and market factors. Read more

Video: What does Brexit mean for globalisation?

Another video we filmed at Camp Alphaville last week featuring Paul Donovan, Diane Coyle, Charles Kenny, and Tina Fordham:

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Video: the world economy in five minutes with George Magnus

Filmed on Friday at Camp Alphaville. Thanks again to everyone who attended!

Alphachat: Alan Taylor on financialisation, business cycles, and crises; and a mid-year review

Alphachat is available on Acast, iTunes and Stitcher. Read more

Yeah, so about that £350m a week for the NHS…

It was always nonsense, but according to Ipsos-MORI last week, about 47 per cent of Britons believed the number. Read more

Holy &%$# — now what? Questions for the day after

That’s it.

That thing that seemed first impossible, then worryingly plausible, then shockingly probable — it’s actually happened.

The stunning vote for Leave hasn’t just cratered financial markets. It also introduces a period of baffling uncertainty that, we suspect, far too many advocates of Remain have been too complacent about ever having to face one day.

But ready or not, it’s here. As far as we can tell, these are the immediate questions raised by the stunning outcome: Read more

The decline in US male labour force participation — what not to blame

A new report from the US Council of Economic Advisors doesn’t solve any of the mysteries about the steep decline in the share of prime-age men (ages 25-54) who are either working or looking for work. But it does usefully describe the trend in detail and convincingly rules out some commonly cited but unsupported factors.

The report’s main conclusion is that “reductions in the demand for labor, especially for lower-skilled men, appear to be an important component of the decline in prime-age male labor force participation”. And this reduction in demand “could reflect the broader evolution of technology, automation, and globalization in the US economy”. Read more

Brexit: theory vs practice, charted

Clean lines, right angles, easy-to-follow sequence — theory can be ever so aesthetically pleasing:

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Alphachat: McDonald’s as community center, the two Americas, and the reputation of Wall Street workers

Alphachat is available on Acast, iTunes and Stitcher. Read more

Reminder: Macro Live, Janet Yellen presser edition, starting at 1:50pm EST

The newly expanded crew of FT Alphaville’s team in New York will be hosting a special edition of Macro Live this afternoon starting at 1:50pm EST (6:50pm London time). You’ll find us at the usual place.

Matt Klein and I will be joined by Alex Scaggs, a recent addition to the Alphaville team, to cover the release of the FOMC statement and the Summary of Economic Projections, after which we’ll follow the presser at 2:30pm. Read more

Alphachat: merging with our longform podcast; responding to listeners; Heather Boushey on the economics of work and life

Alphachat is available on Acast, iTunes and Stitcher. Read more

Podcast: Maria Konnikova on social-science methods, cognitive biases, and the psychology of cons

Alphachatterbox is available on Acast, iTunes, and Stitcher. Read more

The housing trilemma

As a blogger my primary responsibility is to complain indiscriminately about everything — convincing myself that if only the cold universe would hear my laments and heed my advice, then every passing moment would be one of transcendent orgiastic contentment.

Or improved at some vague margin, WHATEVER.

It was in this spirit that last year I tweeted: Read more

Alphachat: hedge fund problems, performance and personalities

Alphachat is available on Acast, iTunes and Stitcher.  Read more

The trade-investment disappointment loop

That global trade has disappointed in the last half-decade is clear, but the causes and consequences of the slowdown are poorly understood and the source of much debate.

What, if any, is the right relationship between trade and global output? Is the slowdown in trade growth the result of protectionist policy and sentiment, or does it represent a fundamental but mysterious shift in the global economy? How much does it even matter? Read more

Alphachat: Guy Debelle on the Fed, China, and FX

Guest: Guy Debelle, assistant governor (financial markets), RBA  Read more

Podcast: our long chat with Paul Volcker (plus transcript and highlights)

This episode is a two-part chat with Paul Volcker.

In the first part we discuss his intellectual influences and early career, during which he shuffled between the New York Fed, Chase Manhattan, and the US Treasury department. We end with his under-appreciated role in the conclusion of the Bretton Woods monetary system during his time as Treasury undersecretary for monetary affairs in the early 1970s. Read more

Alphachat: private equity’s mark-to-fantasy problem, and the political economy of gangster states

Alphachat is available on Acast, iTunes and Stitcher. Read more

Alphachat: oil and savings; and tax havens in… South Dakota?

Alphachat is available on Acast, iTunes and Stitcher. Read more