The best way to stop the second China shock? China raises domestic demand, and especially consumption. But China shows little to no willingness to do so. So the EU and other trade partners have little choice but to respond with second-best tools like trade barriers and industrial policies. 5/

Terrific note via ⁦‪@business‬⁩ on the debt & deflationary trap the Chinese economy is now caught. It’s an accessible article for those that are not economists or capital markets professionals that is worth a read. #Econ #EconSky www.bloomberg.com/graphics/202...

"Unlike many politicians online of late, the Mamdani campaign’s official social media presence avoided AI-generated content and the focus on popular audio trends, becoming a rare source of substance in slop-filled feeds." www.wired.com/story/zohran...

"Democrats could have held the line on the shutdown, and spent weeks watching Trump’s approval ratings fall," writes @jonathanbchait.bsky.social Instead, he argues, they're making a mistake by giving in: www.theatlantic.com/politics/202...

. @jnbarrot.bsky.social welcomed the SkyShield France initiative, which has garnered considerable support, including from prominent French political figures. He also announced that French diplomacy would carefully follow the work carried out by the SkyShield France initiative.

it's true and they should say it but it's a real bad sign it's winding up in print

This is obscene.

oleni.org Literally the most heartwarming thing you can do in the next month or so.

This would be a pretty stunning climbdown from the Dutch, but altogether predictable. Europe simply doesn't have the pain threshold to continue, its industries are banging down the door to end this. The optics, a week after the US and China reached a deal on Nexperia, are not great.

A fun question. In 5 years time, what looks better? The US’s enormous bet & capex on AI? Or China’s equally enormous bet and capex on renewables?

Biggest losers from China's rise in manufacturing exports? Germany and Italy (the Northern part that is basically Switzerland+germany) Could we have known? Yes, it was obvious for years

Massive abdication of responsibility by the German political and corporate establishment -- didn't take a genius to know this was coming

this is actually impressive, making up a brand new nobel peace prize replacement is a genuine innovation in bribery absolutely nobody does corruption like FIFA

good morning specifically to the FBI agent who introduced Mamdani’s dad to Marx

Yes, but everyone dies so you can’t give him too much credit.

Ukraine's funding gap, including cash and arms, could stand at around US$389bn in 2026-29 • That is almost double the roughly US$206bn that Europe has supplied since early 2022 • EU's ability to help Kyiv finance war will test of Europe's willingness and ability to count on global scene

the real horror of foreign policy is realizing that the people involved actually do believe in things after all

The first 3: definitely not about oil.

Bimodal but not binary distributions break brains, many such cases.

Just perfect. "Been in Europe 3 yrs, never felt this close to Russia, you are repeating line by line the propaganda on Russian TV," Pussy Riot artist tells a stunned Putin-Versteher Sarah Wagenknecht to her face, on prime-time TV.

The Democratic Party has many faults but alleging that the party’s declining popularity or success is rooted in some sort of global leftward ideological drift is pretty funny.

The movie business changed dramatically starting in the late 1990s

We used to have colourful cars

When I say I don't want to have kids but I still want to be involved in their lives, this is what I mean

Soviet Chief of the General Staff meeting with Grenadians (obvs before the invasion) in 1983: "Over two decades ago there was only Cuba in Latin America, today there are Nicaragua, Grenada, and a serious battle is going on in El Salvador." The Soviets knew what they were doing. So did we.

“I haven’t seen violence like this since Rwanda. The velocity and ferocity of the RSF killing civilians since Sunday is unlike anything I’ve seen in 26 years of doing this work, and HRL [Yale Humanitarian Research Lab] has been reporting on the RSF and the Sudanese war for a while.” Incredibly grim

You know. In the abstract I have no real moral objection to deposing Maduro. I just think this appears to be a deeply risky illegal haphazard effort hastily assembled by reckless and idiotic amateurs that will detract from actual serious U.S. national security priorities.

”Shy of thy poorness never be; be calm, be glad, be free." #Finland's national poem Maamme (Our Land) contains this small sentence, which made me think about the country's national character and life philosophy. My latest for The @economist.com. www.economist.com/europe/2025/...

What could have possibly happened in 2016 to result in such a steep decline? Who could possible know…

It was never “Trump Derangement Syndrome.” It was also a clear warning of what was to come.

Private consumption in Germany has been hammered.

While there are course reasons to be careful in the interpretation of the evidence, the basic logic seems sound. Far right and far left use basically a zero sum logic: if your life sucks, it is because an undeserving person (a migrant or a billionaire) appropriated the things you are entitled to./

In The Moral Consequences of Economic Growth, Benjamin Friedman (eternal thanks to @dianecoyle1859.bsky.social for pointing this book to me) has argued that economic growth also leads to more progressive attitudes in societies, as politics is no longer felt to be a zero sum game./

Starting a coffee shop helps by creating social spaces that strengthen local networks. When a Starbucks opened in a neighborhood that previously had no coffee shops, startups increased significantly (compared to census tracts that were scheduled to receive a Starbucks but did not get one).

China has become the world's largest car exporter.

[looks around for jake tapper] hey man, do you, uh, want to write about this?

Ahh- good times

Our European leaders are talking vaguely about a need for independence but they don't have the courage to say publicly *from whom* the independence is needed. 🇨🇦 #Canada's PM @mark-carney.bsky.social has the courage. Why don't we have any leader like this here? Why have our leaders been cowards?

RUTA member Olga Burlyuk has a new essay on the mis-imagination of Ukraine as an empty land. In the text, she scrutinises the all too common suggestions of surrender to Russian occupation as the pornography of land concessions and reminds us: there are people here platformraam.nl/artikelen/29...

It's funny since the childishness is all yours here. This is an industry and a market, not a charity. If the industry feels like it can convince potential customers that its products are deserving of a price hike, I'm sure it'll do it. No god or Beijing Palmer can decree what the correct...

Great NYT article China’s fast growing nucelar industry www.nytimes.com/interactive/...

Nicolas #Sarkozy tient à exprimer un message aux multiples quidams, célébrités, élus & médias qui se sont offusqués de sa condamnation :

Wine Sales in France 1988–2023, by Color. The rise of rosé and the fall of red. From 1988 to 2023, red wine’s share fell from 83% to 44%. The overall decline in France’s wine sales stems entirely from red wine’s drop. White wine stayed flat, while rosé surged—its share rising from 9% to 35%.

Ce type de réaction dit absolument tout. - « Nous », les puissants, ne pouvons tolérer d'aller en prison (& d'être soumis à la loi commune) - Et donc il y a « eux », les « animaux », qui peuvent y aller. Ce n'est pas anecdotique : C'est la clef des politiques pénales de ces dernières décennies.

Sarkozy en prison, ce crime de lèse-majesté. L’incarcération de l’ancien président révèle, comme jamais, la panique d’un petit monde puissant qui désire ni plus ni moins que le retour des privilèges. www.mediapart.fr/journal/fran...

I really hope it’s clear to Merz and Macron that there’s 0 growth in China given the macro constellation. They should insist China rebalances, of course, but not get their hopes up. Working with the Dutch on an ASML-REE trade seems more promising. 3/3