where @adamtooze.bsky.social goes to a grubby pub in London to whisper dangerous words about the UK's least known bond vigilante adamtooze.substack.com/p/chartbook-...

I urge @financialtimes.com journalists and UK politicians to read Toby Nangle before clutching pearls at daily movements in gilt prices and the power of bond vigilantes www.ft.com/content/3e1c...

as gilt markets tremble, time again for my 'Bank of England has too much fiscal power, in the wrong hands' chat with Andy Haldane. On Politics: Do bond markets and the Bank of England run Britain? www.lrb.co.uk/podcasts-and...

read that last sentence 5 times.

Carbon shock therapy is accelerating, time for planning decarbonized sovereignty

stil my beating heart @lenorepalladino.bsky.social

Let us fully embrace our post-imperial Emerging Market status.

oh my god, island of strangers rhetoric again. this week is not soon enough

ok, now do water and trains, and get Palantir out of our NHS

In Paris at @oecd-ocde.bsky.social conference on Future of Development Co-operation with some old friends and foes, quite the visual welcome

Nothing prepares you for the excitement of having to go from Reading around indefinite train delay blocking Paddington.

Unbelievable, Reform with overtly anti -semitic and racist members is more palatable than the Jewish leader of a party that doesn't support the Gaza genocide.

It gets better - Starmer has made Brown his 'derisking weapons' envoy, with a mission to escort investors into war asset classes @benbraun.eurosky.social You literally couldn't make this up.

Your party gets wiped out in local elections, historical defeat, and your answer is 'fellow citizens, moar of the same'.

ahem @benbraun.eurosky.social

ahem, et tu Lagarde?

Pander to Reform, lose voters to the Greens, hand the seat to Reform. Strategic genius at work.

Labour Together moved Labour to the right, and after losing 80% of seats their take will be that they didn't move FAR enough right, dialing up the 'migrants out' line .

I joked yesterday with an audience that wanted inspirational ideas for mass mobilization that we should instead cap electoral age at 60, so young people get to choose how to live life in age of multiple crises.

if you're wondering how the AI bubble is doing, OpenAI is borrowing USD 4bn from private equity TPG/Bain Capital/ Brookfield Asset ​Management, at 17.5% interest, to embed OpenAI products in their 2,000+ portfolio companies. literally paying Wall Street to force its products on their firms

Just before election, deluge of minor details about @zackpolanski.bsky.social blown into a narrative about his 'deceitfulness', two weeks after Starter had to defend what he knew/misled MPs about his appointment of a well-known friend of a paedophile who also illegally shared state secrets.

speaking off, great @tobyn.bsky.social piece on private credit funds' leveraged cross-exposures to US tech companies. you'd think the Bank of England could maybe take a jump and regulate systemic interconnectedness rather than call for transparency in FT op-eds? www.ft.com/content/c60b...

Andrew Bailey has written 1000 words about how private credit is so risky that we need more.... transparency! like it's 2005 and we've never seen explosive instability through systemic interconnectedness in shadow banking. www.ft.com/content/322b...

When the petite bourgeoisie works out the class politics of hyper neoliberalism.

historically, financial repression of pension/insurance savings via credit policy was the norm in developmental states. and it will become again, as countries have to accelerate projects of economic sovereignty.

Environmentalism without class politics is gardening.

We must stand in solidarity with Jews being attacked by antisemitic criminals and terrorists: no ifs or buts. We must stand in solidarity with Palestinians being murdered by the Israeli government: no ifs or buts. These are not contradictory positions. They are consistent ones. 🧵1/5

So a march w people, including Jewish ones like @zackpolanski.bsky.social against genocide is not allowed but the march with openly anti-semitic ones yes? Amazing.

Trump's petrowars threaten to unleash carbon shock therapy around the world - disorderly decarbonization and deindustrialisation. The answer, we argue w @benbraun.eurosky.social, is decarbonised sovereignty, a pathway for the Santa Marta coalition. www.phenomenalworld.org/analysis/aga...

Great piece - derisking yet again a Trojan horse for privatisation

Bored with the Hormuz double block, the hegemon turned to its favorite bullying target, the pesky Europeans.

there is tied aid, and then there is outright US blackmailing poor countries to hand over critical minerals in exchange for investible health that benefits US capital

when we mourn le guin, we mourn one of our greatest writers & thinkers. but we also mourn one of our all-time greatest haters

ahem @benbraun.eurosky.social the Robust and Sovereign Derisking State :)

Look @benbraun.eurosky.social

Happy to share that my paper, "Green energy transitions under financial subordination: climate finance, structure, and agency in the Global South," has now been published in @ripejournal.bsky.social! ✨ You can read the paper below: www.tandfonline.com/doi/full/10.... 1/

Open book exam but you've not bothered to read the notes beforehand.

I'm in a conference on monetary policy in Colombia, where there is an open fight between the Ministry of Finance and the central bank, which has increased rates massively (in the run up to election), and the Minister of Finance is giving a presentation on monetary policy.

a very overdue good riddance to this zionist neofascist.

Blockade of the blockade, it would be funny except the disastrous shortages and shocks unleashed on the world www.ft.com/content/49fb...

this is exciting!

the global dollar cycle and its volatile portfolio lords www.ft.com/content/2973...

Well, the country that financed one genocide is now threatening another, who'd have thought.

When the posters narrow the policy choices to 'work more or pay more for your state pension' instead of, I don't know, tax differently? Or a new social contract w green public abundant and lower state pensions?

Started so well, to finish with 'investible energy' - European elites again structurally unable to understand that we cannot survive in the brave new world with green dersiking

In the age of petrowars, green public mobility from the Big Green State

If so, Europe must abandon the omnibus deregulatory onslaught and instead resuscitate its ability to plan the damn green transition

remarkable how every investor in this FT piece basically says: a state that heavily controls capital, with a central bank subordinated to government priorities, is a safer heaven in the new geopolitical reality of petrowars www.ft.com/content/7221...

Speaking of USD hegemony, some of us have worried for a while that Trump won't allow the US Federal Reserve to exercise its global dollar lender of last resort function. The downside is flight out of US Treasuries.

1. Germany already said the war is illegal. 2. US now threatening "complete obliteration" of Iran's energy system and, maybe, of desalination plants – i.e., war crimes. 3. Reminder: The war is conducted from Ramstein, Germany: "the nerve center of America’s operations against Iran". What gives?