Carlo Martuscelli
@carlomartu
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Interesting political positioning from UK labour on the economy. They're trying to appear on the side supply-side, anti-red tape reform (third runway, nuclear power), and make their opponents look like the de-growthers. If it works, it's a playbook for the center-left elsewhere.
The Tories picked a bat tunnel over the North having HS2. You couldn't make it up.
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@BenGoldsmith If I'm understanding the stat correctly this is the compounded inflation rate over time. But it doesn't account for the fact that: wages have compensated (eye balling it I'd guess they're above pre-pandemic levels), and other assets (i.e. real estate) are also up.
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I like that the big takeaway from the US election was "people really, really hate inflation" and that the new administration's flagship policy is widely expected... to increase inflation. (from a DB note)
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RT @NetteNostlinger: In a concerted effort, the AfD is trying to seize on growing dissatisfaction among workers. The party’s vehicle for th…
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How each new update to the economic data reads in the past 12 months: 🇺🇸 "Whoa, surely it can't get better than this!? Except — WHOA!" 🇩🇪 "Oh no... oh no, oh no, oh no..."
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Von der Leyen recently floated the idea that EU fiscal rules could be loosened to allow for more defense spending. Here is @GuntramWolff on what that might mean for monetary policy. From Morning Central Banking
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@tracyalloway Not an expert on Chinese history, but as a successor of the ROC, wouldn't Taiwan be liable?
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Very nice composition in this photograph
Very productive meeting with Salvadoran President @nayibbukele. His commitment to accept and incarcerate criminals from any country, including from violent gangs like MS-13 and Tren de Aragua, will make America safer. In an extraordinary gesture never before extended by any country, President Bukele offered to house in his jails dangerous American criminals, including US citizens and legal residents.
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@VMRConstancio Always found these in principle unmeasurable variables fascinating — a bit like aether in pre-Einsteinian physics or value in Marxist theory.
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