Economics journalist, editor @MauldinEcon. Opinions mine. Also on Bsky (patrickww). Once a soldier.

Dripping Springs, Texas
Joined December 2007
Patrick W. Watson retweeted
Like most statist initiatives, tariffs handicap small businesses much more than large corporations that have the resources (and direct access to the government) to game the system and buy exemptions.
New CAP analysis estimates that US small businesses are now paying ~$40k per MONTH in new tariff costs ($25k-$30k more than last year), PLUS thousands more just to comply with the complex and ever-changing tax system. Brutal.
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Patrick W. Watson retweeted
AI won’t kill your job today... but it might ruin your chances of getting one. @PatrickW unpacks the paradox of AI-written cover letters and why they’re backfiring for jobseekers. mauldineconomics.com/connect… #AIJobs #ConnectingTheDots
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Trump's efforts to reindustrialize the economy has been a disaster. According to Southern Business & Development, project activity in 2025 has been the worst in its 31 years of covering manufacturing and plant expansion.
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Patrick W. Watson retweeted
I urge Heads of State and the leaders of nations to listen to the cry of the poorest. There can be no peace without justice. The poor remind us of this in many ways, through migration as well as through their cries, which are often stifled by the myth of well-being and progress, which does not take everyone into account.
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Patrick W. Watson retweeted
This is where we’re at
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Patrick W. Watson retweeted
In our age, science has extended life expectancy, technology has brought continents closer, and knowledge has opened horizons once thought unimaginable. Therefore, allowing millions of human beings to live—and die—stricken by hunger is a collective failure, an ethical lapse, and an historical culpability. vatican.va/content/leo-xiv/e…
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Patrick W. Watson retweeted
Dear Lord. Those on the right not lambasting these kinds of things deserve exactly what’s coming
unusual_whales
@unusual_whales15 Oct 2025
BREAKING: The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent said.
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Patrick W. Watson retweeted
Ben Hunt
@EpsilonTheory15 Oct 2025
Ahhahahahahahahahahahahahahahaha
unusual_whales
@unusual_whales15 Oct 2025
BREAKING: The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent said.
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Patrick W. Watson retweeted
Ben Hunt
@EpsilonTheory12 Oct 2025
We’re losing, that’s what we’re doing.
Alec Stapp
@AlecStapp12 Oct 2025
wtf are we even doing
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Patrick W. Watson retweeted
The 82nd Airborne will be in the fight of their lives.
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Today, only China seems to understand that the ultimate arena of competition is energy. While AI development in the United States is increasingly constrained by power shortages, China’s growing surplus of renewable energy could dramatically lower the cost of AI computing.
Mario Nawfal
@MarioNawfal4 Oct 2025
🇨🇳 CHINA PUTS SOLAR FARMS ON WATER. BECAUSE LAND IS FOR FOOD China dropped a gigawatt-sized floating solar plant off Shandong. Think: 1,200 hectares of panels on water, fish farms underneath, electricity above. The logic is brutal and simple: farmland feeds people, lakes feed power. Floating arrays also stay cooler (more efficient), dodge land fights, and double as aquaculture hubs. Critics worry about ecosystem shocks and rust battles with saltwater, but Beijing doesn’t wait for perfect... just bigger, faster, first. China isn’t just chasing green energy. It’s rewriting the map: food on land, power on water. Source: @konstructivizm
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Patrick W. Watson retweeted
"Tariffs Mean You Pay More for Worse Products" wsj.com/opinion/tariffs-mean… "Quality suffers when we substitute self-reliance and hubris for the genuine expertise of others."
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Patrick W. Watson retweeted
This is not how markets work. Imagine you have your own factory and your own gas turbine powering that factory. One day, somebody builds a grid and you have the option to buy from it at any time. Sometimes, but not all the time, there’s so much wind and solar that the market price is cheaper than running your gas turbine. You save money by turning your turbine down and buying from the market. You are still free to run your turbine at 100%, but it would cost you *more money* to do so. The grid also works like this. We dispatch the cheapest sources first, just like you would if you owned them all. Using cheaper sources of power when they’re available *does not increase costs.* The *unit cost* of electricity from your gas turbine may go up because you capitalize the expense over fewer units, but the *total cost* goes — *down.*
.@SecretaryWright: "When you add wind and solar onto a grid, you don't remove the need for coal plants, nuclear plants, and natural gas plants. You just end up having to maintain two grids. Maintaining two grids is ALWAYS more expensive."
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Bessent: Tariffs don't raise prices but one way we could lower prices is to remove the tariffs.
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Patrick W. Watson retweeted
Undermining the Fed to get lower rates now is like ripping the batteries out of your smoke alarm because it’s beeping. It’s quiet for a bit. Then your house burns down. Credibility anchors expectations; expectations anchor inflation.
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Patrick W. Watson retweeted
First day of school.. 😊
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So what is really happening: One easy way to hide rising unemployment, slowing job growth, and rising prices would be to pause the data release for a few months in the name of "accuracy" and then release it with new definitions a few months later that make it incomparable to the past.
If the concern was really around accuracy why did the Trump administration dismiss the **uncompensated** Technical Advisory Committee and the Data Users Advisory Committee, which gave guidance on statistical methodology and specialized economic expertise?
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Patrick W. Watson retweeted
Headlines right now on WSJ's homepage include: -- Harvard, Trump Near Deal For $500 Million Settlement -- Trump Calls on Goldman Sachs To Replace Economist Over Tariff Stance -- White House to Vet Smithsonian Museums to Fit Trump's Historical Vision -- Trump Advisers Consider Changes to How Government Collects Job Data
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