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It's now official.
The #WallStreetConsensus will soon be a book - about the return of the transformative state.
There may be some Taylor Swift/Travis Kelce macrofinancial jokes (she inflation targeting, he Big Finance) in it.
Daniela Gabor
40.8K posts
Daniela Gabor
@DanielaGabor
Professor of Economics/MacroFinance. Critical macrofinance, central banks, repos, shadow banking, WallStreetConsensus goo.gl/Gqbtll criticalfinance.org
Joined February 2010
- All owned by 3 corporations, manufactured by the same recipeEuro 2024. 24 countries. 24 beers. It's coming home 🏴
Readers added context they thought people might want to knowReaders added contextThe claim is false, these beers are owned by several family companies, for just 3 examples consider: - JSC Georgian Beer Company Tegernseer: en.m.wikipedia.org/wiki/Tsezar_Ch… Delirium: en.m.wikipedia.org/wiki/Huyghe_Br… Meteor brewery: goodbeerhunting.com/blog/2024/3/4/… - Oh look, the neonazis have found a new word for Arian that Foucault would appreciate.
- kind of incredible, but US Fed's emergency lending to US banks was higher over the past week than during the global financial crisis/Lehman moment in 2008
- the nation urges a trip abroad for Blair
Tony Blair urges expanded role for private sector as NHS turns 75 dlvr.it/Srhfvj - Yeap, Milei's shock therapy making Argentina's industry really great again
A reasonable formula to fix the U.S. government: Milei-style cuts, on steroids. - this is very big - Blackstone, the world's largest institutional landlord - is telling investors it has a massive liquidity problem
- missed this - the Socialist government in Portugal is rolling back decades of liberalisation policies undermining affordable housing. It plans to take over 725.000 unoccupied houses and rent them for up to 5 years, an 'affordability' intermediary.Portugal's government announces radical plans to tackle housing crisis. Includes forcing all unoccupied homes to be put on market at affordable prices where it will act as estate agent. All rental prices will be capped and 'tourist apartments' prohibited. elpais.com/economia/2023-…
- A decade ago, German had fun celebrating austerity. Guess who's finding out.
🇪🇺 The most depressing European chart ever: long-term growth expectations are down to a all-time low of less than 1.3%. Draghi: "Europe faces a choice between paralysis, exit or integration. Exit has been tried. Paralysis is becoming untenable. Integration is our only hope left." - Replying to @DanielaGaborYes, capitalism took our 19 communist era beer brands and transformed them into one watery Heineken
- forget about SBV liabilities for a second, the real bailout story is the regime-change in the Fed's treatment of collateral: par value goes against every risk management commandment of the past 30 years. it turbocharges the monetary power of collateral
- Global South voices - here the President of Colombia - read in the European/US support of the genocide in Gaza a blueprint, an experiment for ecofascism that 'treats us as disposable lives'.La barbarie del consumo basado en la muerte de los demás nos lleva a un ascenso del fascismo sin precedente, y por tanto, a la muerte de la democracia y la libertad. Es la barbarie, o el 1933 global, como la llamo. 1933 fue año donde ascendió Hitler al poder. Lo que vemos en
- if you're shocked that Cuba developed a vaccine before France, dont be, it's result of long-term heavy public investment. Cuba is ready to give IP rights at near cost to rest of the world, something high-income countries have miserably failed to do.
- If there's a 'It's the economy stupid' side of the Trump victory, it's this one.
