@greg_ip @KeineWunder I agree. The rule needs to be revised. But this is a sequencing issue and those matter. Once the other April 2020 moves were reversed, it created a political bind. Now the entire market needs to be looked at. Treasury repo should not be a source of anxiety!
The Remarkable Influence of Walter LaFeber The Cornell University diplomatic historian inspired generations of students thenation.com/article/societ… https://t.co/bE5VPc8WjQ
@StefanSasse @MichaelTuchen @AAdobayo Oh yes … plus the kind of encouragement that a coach gives to a team at half times. As in “Es ist (noch) Alles drin” … it is still all to play for. “Anything" as well as “everything" is possible.
Germany’s Green Party New Program is out Title is a clever pun Deutschland. Alles ist Drin .. as in “Germany. Everything is possible”. But also: "everything you need is in here". H/t @MichaelTuchen @AAdobayo cms.gruene.de/uploads/docume… https://t.co/Os3zZVM04W
Germany’s Green Party New Program is out Title is a clever pun Deutschland. Alles ist Drin .. as in “Germany. We’ve got this” (loosely translated). But also: "everything you need is in here". cms.gruene.de/uploads/docume… https://t.co/0HvN70I0z8
Thanks to corona crisis Germany hits its carbon targets for 2020, BUT not in the building segment for which government must now present a remediation plan. @MakronomMagazin really is a GREAT way to stay up-to-date with German news. makronom.de/wochenrueckbli… https://t.co/exhrQezfDR
German Finance Minster @OlafScholz is expecting 150 bn euros in additional borrowing in 2021-2022 bringing 2021 to record 250bn Euros. Good! spiegel.de/wirtschaft/ola… https://t.co/DhJQZlAivz
@genericecon Ahhh … fascinating. Thanks for enlightening me about this. MUCH appreciated.
@greg_ip @KeineWunder It's politics (and thats fine). They loosened the other April restrictions on dividends and buybacks. Congressional left were on their case. Quarles de facto pre-committed to this course of action. Those in know said it won’t be a problem. Summarized here: adamtooze.substack.com/p/chartbook-ne…
Foreign investors owned c. 40% of US corporate equity in 2019, up substantially. Retirement accounts of wealthy US households owned about 30% in 2019, and the taxable accounts of even wealthier US investors owned about 25%. @TaxPolicyCenter taxpolicycenter.org/taxvox/who-own… https://t.co/hq1P7r2qAd
@genericecon US reading on Friday for precisely the same indicator was 2.5 ….
RT @JamesTo07577300: @DavidBeckworth @AlanMCole An even more important event in the late 60s was the big rise in wage growth, which had a l…
RT @DavidBeckworth: Worthing repeating that the 'Great Inflation' wasn't an overnight phenomenon, but a gradual unmooring that started in t…
@HistoryNed Hi Ned couldn’t this just be what a democracy looks like where folks take climate crisis seriously? Its fundamentally a Green issue. Voting for them is not wasted even in opposition because they keep the others honest. And 2021-> they might actually be able to do something real.
Gerhard Richter donates his Birkenau paintings and 100 others to the new Museum Der Moderne on the Kulturforum in Berlin. Apparently the Met wanted them but Richter insisted, surely rightly, on Berlin. theguardian.com/artanddesign/2… https://t.co/BbO0p2hgnh
Now this looks fascinating! The British answer to the "Armalite and Ballot Box" depended critically on its own blurring of boundaries btw militarized policing and "dirty war". twitter.com/MerrionPress/s…
ECB’s big bazooka TLTRO has unexpectedly hit new records going into 2021. H/t @fwred via @SoberLook https://t.co/RVFa7WXiMU
Eurozone, true to form, ended 2020 with a record trade surplus. thedailyshot.com/2021/03/19/the… https://t.co/yawHR7RdXk
In 2020 China overtook the US, at least briefly, as a crude oil processor. thedailyshot.com/2021/03/19/the… https://t.co/fRlmm15Uow
Given the surge in total social financing, it would not be surprising to see growth in Chinese house prices take off again. BUT credit cycle seems to be turning. So perhaps we have already seen the peak? @SoberLook sifts the tea leaves. https://t.co/OAosJ1PtWB
The China v. Treasury 10 yr spread which was such a striking feature of 2020 is adjusting. thedailyshot.com/2021/03/19/the… https://t.co/ArpQ05z7bO
The tweets by @TheBishF1 on F1 history are not just evocative, or nerdy. They are downright soulful. Look at Musy’s face. A man driven to kill himself in the search for competitive speed. twitter.com/TheBishF1/stat…
Wow. The Great @BeatriceHeuser preeminent Clausewitz scholar on twitter! And now in Glasgow … twitter.com/BeatriceHeuser…
RT @GeorgeWilton3: @BeatriceHeuser @Barney065 @MungoMelvin @smhcentre @jmaiolo Barney, This helps too. https://t.co/Q8tkGyvkAL
RT @GrimArtGroup: John Woodward Lines b. Rugby 1938 – love the authentic nature of his paintings which undoubtedly reflect the years he com…
RT @London_Nut: Routemaster bus being craned in to the Old Bank Of England pub on Fleet Street yesterday. To be used as a bar in the back g…
A critical question going forward as @RobinBrooksIIF @SergiLanauIIF are constantly reminding us is how will EM stand up to the “taperless tantrum”? A lot depends on fiscal and current account balances. thedailyshot.com/2021/03/19/the… https://t.co/wahqPIvtx5
RT @paulkrugman: So there have been important changes in how economists talk about policy, some of which include rethinking of our models.…
RT @paulkrugman: Anyway, the whole debate over ARPA was in effect conducted in terms of functional finance — not whether it cost too much,…
RT @paulkrugman: The truth is that if we'd taken our own models seriously we would have adopted an attitude much closer to Abba Lerner's fu…
What are modular EV platforms for, if we can’t finally have this 1980 French vision? Precisely the kind of vehicle that will be BETTER electric. Who would think of putting something dirty and raucous like an IC-engine in something as delicate as this? twitter.com/LinkotRacing/s…
RT @tomwestland: The cops are right to warn against using SciHub, where you can access almost all journal articles for free with one click.…
One more reason to think a Green-FDP coalition in Germany is quite unlikely: the Green's 500bn Euro investment program, to be debt financed with debt brake suspended. twitter.com/DierkHirschel/…
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