"Yes, the planet got destroyed. But for a beautiful moment in time we could performatively ask if there were any upside risks to such an outcome, pretending we understood what any of these words actually mean."

His eyes look like he spent all night there...from dusk till dawn

Is wearing nose strips during the day now a thing? Seen people walking around with them (not runners). Thought they were for sleeping. Then again, since we are sleepwalking into absolute disaster on so many fronts (climate, wars, rise of fascism) maybe that's the appropriate accessory for the moment

To have defence and a livable environment you need... to build a collateral factory and legally encase financial capital first (according to folks working in financial markets).

This has all the hallmarks of 2008: financial actors devising their own models to understate the risk in their portfolios.

Better math = field's theoretical framework largely built on "true by definition" statements/identities, i.e. tautologies. (The only thing that is "clearly true" from that post is that some political scientists still have the economics envy.)

Goodwin prefaces the GBNews debate with a little sales pitch for his book, saying he wrote the book over the last 4 months, away from his friends and family. Maybe he shouldn't have secluded himself - friends and fam could have told him that it's not okay to use AI to make up data and quotes.

I make no claim to understand how private credit markets work, but this seems to me - on the surface - again an instance of an upside down world: in private credit markets, prices are not determined by markets but are administered, and the assets in those funds are not just marked-to-market

Woensdag 25 maart om 19:00 spreek en signeer ik bij boekhandel Paagman (Fred) in Den Haag.

The potted history version will be similar to the accounts of the Bretton woods breakup: "our currency [money/military], your problem."

And yet, financial literacy initiatives focus mainly on how *YOU* can make money, rather than explaining how the monetary & financial system works.

Tired: plutocratic information order Inspired: auctioned-truth www.bloomberg.com/opinion/news...

How I imagine an interview with a dart throwing chimp - after it threw the dart - would go.

Aanrader: Boekbespreking "Muskism" in deBalie.

Dakloosheid, torenhoge huizenprijzen en starters die hun halve salaris kwijt zijn aan huur. Al jaren klinkt de roep om de wooncrisis op te lossen, maar waarom verandert er zo weinig? Reis mee door onze kaart en ontdek waardoor De machinerie van de volkshuisvesting vastloopt.

The sequence that makes sense: ask others to clean up the mess you created

In an upside down world, private market actors argue that market-based practices should not apply to private markets.

Tired: bailout state Wired: neo-protection racket

The fantasy is: AI will take your job. The reality: AI won't do your job, it's the remaining employees that will (and on paper this looks like an increase in productivity)

As predictable as night follows day: there's a conflict somewhere in Europe's vicinity and the EU feels compelled to cozy up to the autocrats it otherwise loves to lecture, all because of the hypothetical possibility of "refugee flows." www.politico.eu/newsletter/b...

In an upside down world, its investment banks & AMs - all actors with a pronounced liquidity fetish - who have figured out how to solve the collective action problem of liquidity spirals: less liquidity and sit out panics. Meanwhile central banks cling to some market based finance ideal, chasing

Exclusive revelations: The Luxembourg state bank has closed the ICC's institutional bank accounts in the aftermath of Trump's sanctions against the court. full story via @wort.lu www.wort.lu/politik/wie-...

"Should Europe envy the United States for its tech sector? No. Aside from the fact that Europeans are living well, tech generates a big negative externality, because among other things it generates tech-bro billionaires, who are corrupting our politics." paulkrugman.substack.com/p/europe-v-a...

Reading couple of days old tweets from that former national populism scholar (who didnt get elected last night btw), where he points out that someone who criticized him "doesn't even have a phd" and just thinking: was he maybe confusing faculty politics with real, national politics all this time?

Fin-Fi breaking the markets

Winkler's Strategie um den *Westen* zu retten: - Länder außerhalb des Westens (ggf auch Autokratien) von einer regelbasierten Weltordnung überzeugen - gleichzeitig signalisieren, dass die regelbasierte Ordnung unterscheidet für wen die Regeln gelten (US Imperialismus > nicht US Imperialismus) 🫠

Dutch politicians are marked-to-Mark: their current value does not derive from their electoral mandate, but from how much they resemble Mark Rutte.

Links: Rutte. Rechts: Rutte (Uit de Volkskrant)

New logic (philosophy) exam question just dropped. Which logical fallacy underlies the trade representative's argument?

Dass der ehem. Freimarkt-Wau-Wau unter den Wirtschaftsweisen fuer social dumping plädiert ist nicht überraschend. Dass er aber glaubt dass ausl. Stromanbieter bei steigender Nachfrage nicht auch die Preise hoch ziehen und dass es keine grenzueberschreitende "tacit collusion" geben wird ist naiv.

You think a "networked world" slowly dissolving and recomposing into regional hubs would have no influence on an asset that is premised on ...a "networked world"?

We moeten meer belasting betalen over ons inkomen, terwijl de belasting op vermogen even laag blijft. D66, VVD en CDA willen in de vorm van de ‘Vrijheidsbijdrage’ jaarlijks 5 miljard ophalen voor de investeringen in Defensie. 3,4 miljard daarvan wordt bij de burgers gehaald, allemaal op het inkomen.

Seems part of the implosion of the btc bubble has to do w/ liquidations by comps imitating Strategy's bitcoin hoard idea: to buy back the shares or make investors whole, they are selling bitcoins, creating a feedback loop that causes the btc price to fall further and thus forcing more liquidations

It’s hard to put into perspective how truly massive the warehouse is that was recently sold by the Rockefeller Group to the Department of Homeland Security for $70 million to build a concentration camp in Surprise, AZ. Across the street is a huge neighborhood and a school. It’s 400,000-square-feet.

The (imperfect) historical analogy is with the interwar gold standard: treasuries who hoard - rather than spend - the currency will ultimately contribute to the currency's demise.

Of all the things that never happened, this never happened the most.

Waarom "talent"? Als je vaardigheden leert, dan is het leerproces belangrijk, niet talent. (en hoe onderwijs hier onderschikt wordt aan de economie is ook bizar. maar goed, dat was bij deze neoliberale club te verwachten)

To some this will sound like a warning, but to yield-hungry investors like a sales pitch.

France/Germany: Europe needs to defend itself, can't rely on US anymore Trump: Europe needs to defend itself, it can't rely on the US anymore. .... Rutte: haha, ja, nee, gaat niet gebeuren zonder de Amerikanen, vergeet het maar. www.politico.eu/article/euro...

De gemakzucht, lafheid en risico-aversie van de VVD...past dat echt bij een ondernemers partij? Ja, het past.

Yet another data point supporting the view that there is change afoot in the global financial system. I know it's trite, but this is all "how to dismantle a reserve currency." The dollar as the go-to haven in times of crisis, well, that appears (again) to be shaky. 1/

Trump wants Europeans to import more from the US, wants to decrease interest rates AND wants Europeans to hold US assets (lend to US)...all while the dollar slides. Make it make sense. Maybe bessent could advise trump to take a deep breath...

What is it with Bild Zeitung and its periodically recurring obsession to urge other countries to sell their territories to appease bullies?

Could be a segment from the daily show, laughter from audience setting in at any moment. Unfortunately it's not

"What you accomplished in Syria today is incredible" Syria today abcnews.go.com/Internationa...

Are there already bets on polymarket as to the veracity of these DMs to Trump?

Everything but our exports.

Looking at this and the Hungarian response, the common denominator in otherwise totally different regimes is their growth models that are totally dependent on "external enablers".

It gets wilder than that: - voting in this new "UN-like" organization by majority, subject to approval by chairman (trump) - the fund will be controlled by Trump - the fund is meant for rebuilding Gaza, "almost every dollar will go to that end" Not even hiding the fraud-to-be-committed anymore.

There is something rotten in the States.