In 1990s UK est Pool Re = insurance fund for terrorism. Gov provides backstop for an annual premium of £236m. Due to downshift in size of bomb attacks, fund has accumulated £6bn in reserves, & paid out < £10m in claims in last 5 years. Model for COVID Re? ft.com/content/b9fba2… https://t.co/oHHYdWEryG
RT @jeuasommenulle: Has anyone ever done an internship as cool as that? https://t.co/OXwdiYPZW3
RT @RobinBrooksIIF: The EM growth picture: 1. EM growth was trending down pre-virus 2. COVID-19 is now reinforcing this slowdown 3. Investm…
RT @JedKolko: Employment in industries where people can work from home is still down 3.9%, with little recovery. That's equal to peak-to-…
“If, for lack of fiscal stimulus, improvements in real US economy continue to lag badly, the Fed risks being blamed both for greater inequality & undue financial instability. The destiny of the Fed is in Congress’s hands.” @elerianm quoted by @colbyLsmith ft.com/content/88c0ef… https://t.co/jhubOsqg8X
Summer dream: the recovery in European tourism was real – a surge back to close to 2019 levels. No less real, is the 2nd collapse in August. ft.com/content/806f94… https://t.co/ADdYwkg0bg
RT @S_Rabinovitch: The first few rejections were frustrating. After the 15th, I had a lead. Amid all the focus on US-China decoupling, fina…
“CEOs have been much more downbeat in their outlooks than investors,” said Max Gokhman, head of asset allocation for Pacific Life Fund Advisors. “If you think that your future is dim but your stock is soaring then it makes sense to sell.” @richhend ft.com/content/78ed6f… https://t.co/2vF1XHFGMl
So far in 2020 almost 5 m Americans purchased their first gun. Retailers reported that 40 % of sales were to customers who had never owned a gun. Fastest-growing groups of new gun owners are women and African-Americans. @MatthewRocco @NSSF data @SoberLook ft.com/content/3d4eb7… https://t.co/m5UhW94ugH
India’s # of new COVID cases reported daily in India is now *2 US, with the country poised to overtake Brazil as the nation with the second-highest number of total cases. But, given 24% yoy contraction in GDP, gov has no option but to reopen. @AmyKazmin ft.com/content/3f5caf… https://t.co/B1Qi5iwRqC
Excellent short thread by @schieritz on how endless growth on a finite planet may, for all practical purposes, be possible if value is subjective and growth is a combinatoric rather than accumulative phenomenon. twitter.com/schieritz/stat…
“Fiscal policy should not get used to a lax course, nor should it rely on interest rates to remain so low in the long run. That is why it is important to reduce the high debt ratio after the crisis.” Jens Weidmann is relentless @MAmdorsky ft.com/content/1d38cf… https://t.co/ybgcKXnIAR
The Irish tax take as a share of GDP is half that of France. ft.com/content/c80dab… https://t.co/mkfut4mOOM
Low petrol prices in the US are a political choice. Only c. 20% of final price is made up of tax. Huge difference to Europe. Data from @EIAgov via @SoberLook https://t.co/NNQMZHlMNX
The demography of Ireland is dominated by one massive historic shock. Total population of Republic and N. Ireland is still almost 1.5 million LOWER than in 1840s before famine and great emigration. CSO via @SoberLook https://t.co/AgD704jAl4
Consumer spending in both Germany and NL has rebounded strongly from COVID shock. Data via @SoberLook https://t.co/u6bw1bsnrl
The Saving > Investment gap: Why a big Japanese government deficit is anything but a problem. Essential to maintaining the macroeconomic balance (on top of current account surplus). Data from Alan Brazil; SOM Macro Strategies via @SoberLook https://t.co/HPEIL9uLbu
Hearing a fascinating lecture by art historian Julian Brown on colonial Paris, starting with WWI memorials. Opening of fall series of talks being offered by Conley & Silvers. I will be doing a series of global political economy roundups later in the fall. conleyandsilvers.com/fall-virtual-s… https://t.co/jVYDtmCRHB
Freue mich dass mein @LRB Aufsatz zum US-China Konflikt nun in den @blaetter erschienen ist. blaetter.de/ausgabe/2020/s… https://t.co/JLS26T8dUh
RT @nick_kapur: Athens, GA is where the University of Georgia is located. 2 weeks after the university reopened with mandatory in-person cl…
RT @chuckmcshane: Rural areas hit even harder with urbanization, too. Leitrim, for example had 155,000 people in 1840, and only 32,000 toda…
RT @KevinMKruse: I thought the “what’s in it for them?” comment was jaw-dropping, but I didn’t realize Trump allegedly said it to John Kell…
“Fiscal policy should not get used to a lax course, nor should it rely on interest rates to remain so low in the long run. That is why it is important to reduce the high debt ratio after the crisis.” Jens Weidmann is relentless @MAmdorsky ft.com/content/1d38cf… https://t.co/0Pj1JzAoMz
The Irish tax take as a share of GDP is half that of France. ft.com/content/c80dab… https://t.co/VIHTbYwQTS
The demography of Ireland is dominated by one massive historic shock. Total population of Republic and N. Ireland is still almost 1.5 million LOWER than in 1840s before famine and great emigration. CSO via @SoberLook https://t.co/7fEqevS6FS
Consumer spending in both Germany and NL has rebounded strongly from COVID shock. Data via @SoberLook https://t.co/esCP66brZ1
The Saving > Investment gap: Why a big Japanese government deficit is anything but a problem. Essential to maintaining the macroeconomic balance (on top of current account surplus). Data from Alan Brazil; SOM Macro Strategies via @SoberLook https://t.co/D8sqo4kPtg
RT @michaelxpettis: In this very important article @adam_tooze asks: “What is the proper role of central banks? What is the political basis…
RT @oonahathaway: I thought I could no longer be surprised by this President, but this is shocking: The Commander in Chief calls war dead "…
“Why should I go to that cemetery? It’s filled with losers.” In a separate conversation on the same trip, Trump referred to the more than 1,800 marines who lost their lives at Belleau Wood as “suckers” for getting killed.” EXTRAORDINARY @TheAtlantic piece. theatlantic.com/politics/archi… https://t.co/ol7hBccRyt
RT @heimbergecon: German Bundesbank president Weidmann is again calling for fiscal austerity in the aftermath of the Corona crisis. It seem…
Since 1970: the population of New York, Chicago and Boston have all contracted. Even San Francisco’s population is barely greater than it was in 1970. Very striking data from @Noahpinion bloomberg.com/opinion/articl… https://t.co/xaVpeySBys
China’s financial system is organized around a complex system of interest rates with a large gap btw deposit rate and lending rate. @DanskeBank_DK via @SoberLook https://t.co/SAcJRwlcqL
Hearing a fascinating lecture by art historian Julian Brown on colonial Paris, starting with WWI memorials. Opening of fall series of talks being offered by Conley & Silvers. I will be doing a series of global political economy roundups later in the fall. conleyandsilvers.com/fall-virtual-s… https://t.co/Bskf9qZIoq
Delighted to be in September issue of @blaetter blaetter.de/ausgabe/2020/s… https://t.co/nP8cPOhHJo
RT @artvallotton: The Good market (Triptych), 1898 #swissart #felixvallotton https://t.co/OFZbTQiO0n
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