Giovanni B. Ponzetto - 🇨🇦🇮🇱
@gbponz
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independent financial consultant, ex-fund manager, 1997 insurance. history, politics, finance. Italian/English, Rt not endorsement.
Turin, Piedmont
Joined September 2009
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"Kicking the can doesn't stop when you reach the wall. It stops when you break your toes." (Me)
END
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Alessandro is wrong here:
It's not that Italy cannot have startups. It cannot have COMPANIES, since any time there is a "revenue wobblyness", companies end up in tax arrears since in the magical world of italian politics companies ALWAYS earn the same or more than the year
When I tell this story, all Americans 🇺🇸 and most British 🇬🇧 don’t believe me.
Italy 🇮🇹 cannot have startups by design. This is due many items, starting with the untranslable “studio di settore”.
The 🇮🇹 tax authorities assume that given x company assets you MUST make a profit 1/5
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@boni_castellane
Prova a invitare la famiglia a fare il raccolto , ti arrivano gli ispettori dopo un minuto.
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In an harsh year, my son is presenting his final university thesis. We will have a new graduate shortly!
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Ho sentito il presidente del consiglio rassicurarmi in conferenza stampa, ed è riuscito a convincermi col suo discorso sul vaccino
#AstraZeneca
.
Anch'io, seguendo il suo esempio, cercherò di mandare i figli a vivere in Inghilterra.
@Curini
@LorenaLVilla
@nglinsman
@galietti82
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My wife cured me unintentionally (she was a biology researcher).
Telly in the background talks economics. My son
@AlessandroPonz4
and I start laughing at the BS.
Telly goes on to talk
#Covid
.....
And she starts laughing.
Ok.
@BaldingsWorld
@GrayConnolly
@ResearchRonin
America is experiencing a form of massive Gell-Mann Amnesia
Wikipedia:
"The phenomenon of people trusting newspapers for topics which they are not knowledgeable about, despite recognizing them to be extremely inaccurate on certain topics which they are knowledgeable about."
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E' la teoria di
@SignorErnesto
... ma io penso sia fallace nella inversione di Causa ed Effetto. Noi non abbiamo un problema di produttività perchè il capitale umano è inadatto. Noi abbiamo una struttura di comando che PERSEGUE una bassa produttività (ad esempio con invenzione di
E se la colpa della bassa produttività e conseguenti modelli di business antiquati, basso ebitda e bassi salari fosse del livello inadeguato del capitale umano?
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Battering rams and siege engines
What inspired human beings to build things like this?
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@Imamofpeace
first, they'll want to know what to do. then they will want to survive. only if the two conditions are met they will do something.
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<David Attenborough's voice>"In the early Spring, Finnish tractors leave their solitary northern grounds and form small packs for their annual southern hunt"
@pmakela1
@AlessandroPonz4
@militaryhistori
@thinkdefence
@eshow1969
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Central bankers protecting savers over intermediaries and governments.
These two bullets collided in the battle of Gallipoli in 1915. The chances of this happening are 1 in a billion.
Name something more unlikely to happen
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@petunianelsole
Scusa, Cami, non per intrudere.... ma perchè si chiama "Festival dell'Economia" invece che "raduno dell'impiegato pubblico di concetto"?
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never forgive and never forget. Yesterday was
#Covid
, tomorrow your ideas, or gender, or gene characteristics.
🚨 COVID COPS CAUGHT OUT IN NEWLY RELEASED POLICE BODYCAM
The 59-yr-old was charged after an incident in Coffs Harbour at the height of harsh pandemic restrictions.
Never forget what they did in the name of health.
Full story:
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ma quando Conte dice a Guaido "Siamo vicini alle sofferenze del Venezuela", non è una previsione, vero?
@gianlucac1
@OGiannino
@carloalberto
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@bennyjohnson
How DARE you?? ..... forget
#Epstein
and the Lolita express for which <checks notes> exactly No one except Prince Andrew has been prosecuted?
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mediolunga storia triste su
#TAV
:
mio padre era cresciuto in un piccolo paese del Canavese. per andare al liceo, ogni mattina faceva tre km a piedi per andare alla stazione a prendere il treno.
Studia, e con I sacrifici della famiglia e le borse di studio, diventa medico.
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@ardigiorgio
Emiliano potrebbe nominare capo di gabinetto il capo di Casa Pound e tutto il "campo largo" e la stampa d'area ne loderebbe l'inclusività
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😂
#Tridico
ha fatto mandare in onda un cartellone con scritto, sotto "Chi può beneficiarne", al primo punto:
"Lavoratori in Nero".
Mi dite qual'è il codice
#ATECO
? 😂😂
Dall'italia è tutto.
@LorenaLVilla
@liberioltre
@Scacciavillani
@vitalbaa
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Si chiamerà pure
@liberioltre
le illusioni, ma oggi per me è stata un'altra liberazione. Quella dall'incubo che la politica rappresenti VERAMENTE uno spaccato dell'Italia. C'è molto di meglio e oggi si è visto.
Grazie,
@masaraht
,
@ThManfredi
@micheleboldrin
e tuttigli altri.
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@INArteCarloDoss
Nothing says "
#EU
" like prescribing the identical recipe at all times, while changing the narrative why you cover for governments while suppressing citizens.
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Senza parole. "Collochiamo un debito, ma non vogliamo rimborsarlo".
@liberioltre
@DeShindig
@micheleboldrin
@Scacciavillani
@nglinsman
@amlivemon
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@KatiePavlich
ALL questions will be on three things:
1. Trump;
2. clothes;
3. reeducation of the masses.
That for ALL pressers
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This is the perfect moment to remind the public that while Central Bankers are convinced they bought time, they actually SOLD it. Now we'll see what happens when we have to face something that is not amenable to time shifting.
#covid2019
@amlivemon
@Halsrethink
@DiMartinoBooth
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Parlando dell'incidente di Roma, un TG ha detto che il guidatore "aveva un tasso alcolico tre volte superiore al limite di zero". Ora assoldo
@AlfonsoFuggetta
,
@ricpuglisi
e
@ThManfredi
ed andiamo a dare fuoco ai libri di matematica.
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@mosler302
@Theblackfemini3
@lisareality1
Here in
#Italy
it is legal for phone companies to sell "marketing companies" a service where they call you from mobile numbers that "do not exist" when called back. This is the answer I expect to receive when I point out that I remember when the US military Adopted
#RITA
as
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<David Attenborough voice>: "Another smaller predator of the Ukrainian plains, distantly related to the Tractors, is the rare and reclusive Ukrainian sidecar. This is one of only three clips proving its existence."
@pmakela1
@thinkdefence
@AlessandroPonz4
@thinkdefence
@eshow1969
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When it was proposed to build a port facility which would both allow trade between Gaza and the rest of the world at the same time ensuring that no illegal weapon import would happen, PALESTINIANS said no. So file this under
#BadTakes
/
#Framing
.
The EU announced a Humanitarian Air Bridge to Gaza - a bridge to nowhere, as Israel blocks the aid from getting in by land. But Gaza is on the Mediterranean! If it had a spine, the EU would create a Humanitarian Sea Bridge. Except, the EU has no spine...
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@petunianelsole
No Cami. Stiamo rischiando il collo per salvare il sistema che permette di scegliere degli Arcuri, metterli lì, isolarli da ogni critica e senza alcuna indagine o trasparenza.
Non stanno salvando l'Arcuri di oggi. Stanno salvando TUTTI gli Arcuri futuri.
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What does not make the papers: Bonds in Europe vastly outperformed equities in the past 20 years.
@chigrl
@DiMartinoBooth
@tyillc
#NIRP
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Will anyone screaming "Climate Change!" over
#AustralianBushfire
please check the date on this article?
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To all:
I am overwhelmed by the number of people who started following me in the past hours. Thank you, and I promise I will try not to allow that to change me one bit.
So, expect levity, a full range of subjects, politics and history. And thanks,
@INArteCarloDoss
. (/)
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@nglinsman
@GrayConnolly
@chigrl
@Halsrethink
@BRyvkin
@pietercleppe
She has been the worst Chancellor since Germany exited WW II. Lay citizens simply don't realize it fully yet.
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Dear God, for 2021, send me a Central Bank that sets rates correctly and keeps its balance sheet at under 10% of GDP, and shut its bloody mouth on everything else.
@nglinsman
@amlivemon
@bondstrategist
@DavidBCollum
@bondstrategist
@DiMartinoBooth
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@allahpundit
@FriedrichHayek
Free speech has always been the weapon of the individual against the institution.
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She was right, of course. We never exited 2008.
“You will never see another financial crisis in your lifetime.” Janet Yellen, June 2017
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A few questions:
1. Did they contact the owner before rendering the equipment inoperable?
2. Did they provide a court order duly signed by an appropriate official?
3. Was a registration of the removed items deposited in a non modifiable archive,for later judiciary use?(/)
BREAKING: Police confirmed that they were behind the damage caused to vehicles on private land in Coutts, Alberta.
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In che modo devo prendere la notizia che
@le_belve
viene costretto a chiudere da
@RadioCapital_fm
fra due settimane?
Dovrei essere contento perché è un segno di debolezza dei poteri forti o incavolato come sono?
@Scacciavillani
@Immoderati
@liberioltre
@LorenaLVilla
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Ho sentito la Castelli da
@OGiannino
. Se prima ero dubbioso sul ruolo dello stato nell'economia, dopo mi è venuta voglia di smantellare il 90%.
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@nntaleb
Survivor bias, BTW. Also it disregards one of the fundamentals you know so well and preach as FU Money:
Above a certain level additional wealth is not material to personal utility function as a mean of exchange, but as an indicator, if at all, of what a person wants to do. One
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@jk_rowling
Goodness gracious me, and poor me thinking that the first thing Nazis did was confiscating weapons in private hands.
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In 2022,
#Europe
will undergo a crash course on "Energy density", and "on demand sources".
@chigrl
@pietercleppe
@FurfariSamuele
@Nuklearia
@Greens4Nuclear
@CarloStagnaro
@chiccotesta
@nglinsman
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se tolgono
@OGiannino
ed
@contidellabelva
dal palinsesto mi informo su come si fa a cancellare la stazione dall'elenco DAB.
@carloalberto
, tu che sei tecno........
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In other news, the US admin has provided Russia with a list of critical internet vulnerabilities it has no intention to mend by changing the architecture or procedure.
@nglinsman
@RobertMCutler
@BaldingsWorld
@vtchakarova
@michaeltanchum
@Halsrethink
Biden says he gave Putin a list of 16 things that are off limits for cyber attacks on critical infrastructure.
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per la millemillesima volta:
NON ESISTONO GIACENZE DI LIQUIDITA' FERME.
La banca non CUSTODISCE la liquidità. diventa sua, la usa per prestiti o comprando titoli di stato, e vi scrive su carta di formaggio che potete chiederli indietro. fine.
@gbponz
L’imposta di bollo è di 34,20 per le giacenze medie superiori a 5.000 euro annui. Introducendo un tributo sulle eccedenze di liquidità ferme si incentiverebbero i consumi o gli investimenti in titoli....
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@DavidBCollum
@robert_spalding
Same here, I was on Parler and now on Gab, but my view is: I will speak until they kick me. They have to take responsibility for that.
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Theme:
1.Western wealth was built on productivity improvements;
2. Western political systems are built on productivity reductions;
4. Central banks sided with governments;
3. When
#COVID19
ends, the threeway war starts.
@ektrit
@nglinsman
@amlivemon
@Halsrethink
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"Chi è ?"
"Vigili urbani, apra!"
"Avete un mandato?"
"Si, ci ha mandato la vecchina del terzo piano!"
Bom.
@vitalbaa
@liberioltre
@DeShindig
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Tutti in piedi ed un minuto di silenzio per
@le_belve
, chiude l'ultimo baluardo in pubblico contro l'insanità conformista! Bentornati tra i Carbonari,
@OGiannino
@recifar
@carloalberto
@Phastidio
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A quel punto (ovviamente) il capitale umano valido vota contro nella maniera più ovvia, e per l'Italia più antica: con i piedi, e va all'estero... perchè non c'è "Domanda" di produttività. Lo stato anzi "crea" domanda di competenze INUTILI per dare posto alla residua
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Imagine being GERMANY now, Eric. You bet on Russia as energy Supplier, China as a main trading partner / manufacturing hub, the
#EU
as captive market and USA as a security shield. How does the future look?
@Halsrethink
@amlivemon
@vtchakarova
@pietercleppe
@nglinsman
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Mia figlia, che sta facendo un Master all'estero, ha bisogno di persone che compilino il suo questionario online anonimo sullo "smart working". per chi vuole è possibile che ci sia una intervista successiva. Grazie!
@carloalberto
@liberioltre
@Immoderati
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I will call this chart "The Nowhere"
@jeuasommenulle
@INArteCarloDoss
“Inflation came from nowhere”
Yes. She really just said that on TV..
😂🤣
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Good. Now try a Koran.
Pro-abortion protesters grab a Bible and play soccer with it.
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File this for when doofuses talk about "financial innovation", which to me is in 99,9% of cases the same occurrence of when two teenagers proudly think they invented a new sexual position.
@INArteCarloDoss
@nntaleb
@AlessandroPonz4
@jeuasommenulle
Favourable Exchange Rate
The Correspondence of Tiglath-Pileser III and Sargon II from Calah/Nimrud
(Letters from Central Assyria)
CDLI P393679 SAA 19 0019
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"
#Florida
’s death rate among seniors is about 20% lower than
#California
’s and 50% lower than New York’s"
@amlivemon
@nglinsman
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Fun fact: the interviewer's husband was one of the 51 signatories of that ad stating that the
#hunterbidenlaptop
was Russian disinformation
Sen.
@TomCottonAR
notes how the intel community colluding w/ corporate media to confuse Americans about Hunter’s laptop was a bigger threat to U.S. elections than Russia promoting “memes & videos”
CNN’s
@DanaBashCNN
: “It sounds to me like you‘re downplaying the fact that
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@terrornerds
Also, you get two (2) pockets of your vest to store whatever you need for the mission.
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Dio Mio,
#Brunetta
che fa "noi siamo i primi in Europa" a spremere i cittadini è peggio che imbarazzante.
@petunianelsole
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that's how you defuse tensions between elites and common people. </sarcasm>
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The real news out of this is:
#EU
politicians are SO out of their depth, they either do not know what a bill of materials is or they had an hidden agenda.
@eshow1969
@man_integrated
@pietercleppe
@nglinsman
@chigrl
@FurfariSamuele
@RobertMCutler
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@MannekenPisNAFO
@noclador
take into account that German military industry is DOA now since no one trusts them outside
#Germany
.
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Stamattina, quattro anni fa, moriva mio padre. Ed io oggi non posso neanche, da solo, andare a dire una preghiera sulla sua tomba perchè è in un altro comune, ed il buon senso non è un campo dell'autocertificazione.
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I think both
@nntaleb
and
@ScottAdamsSays
would concur: "what I find impressive about Trump, it’s that he’s survived. He has an extraordinary amount of arrogance, egotism, and self-confidence."
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<sung to "That's amore" tune>
"Wheen youuuu wrongly surmise
there will be no more ice
That's Al Goreeeee"
@subschneider
@nglinsman
@chigrl
@luisbaram
@ramella_f
@AlessandroPonz4
@amlivemon
@Curini
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Considerations:
1. If you don't have finger on supply chains, beware;
2. World leaderships looks woefully clueless after 20 years of throwing money at problems through Central banks. Some problems are not tractable with easy money;
3. Hence their inflation models may be wrong.
The private sector logistics capacity of the US mobilizes for disasters at incredible speed and scale.
Walmart, Anheuser, trucking companies, etc are renowned for their participation in rescue efforts.
Similar efforts w/ Ida will put more pressure on US supply chains than ever.
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Of course, gas producers *NOT* increasing their supplies has nothing to do with either the fracking ban or the risk, given the political push towards renewables at all costs, of getting stuck with the short end of the stick.
@Halsrethink
@man_integrated
@chigrl
@ektrit
@nglinsman
Energy prices are rising globally.
Gas prices almost doubled compared to 2020 and producers are not increasing supplies sufficiently, despite rising demand.
But renewables prices have remained stable.
#EUGreenDeal
and renewables are the solution to rising electricity prices
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@MarkTomasovic
Of course, the explanation is wrong.
Unless you plug the windmill into the natgas main, it doesn't stay inflated.
@chiccotesta
@luisbaram
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