In 2022, we warned about the dangers of Housing as an Asset Class in a report for the European Parliament. Lots of wise heads nodded. But here we are again, and we cannot even blame China for this political failure

sounds like Burnham is going to continue the Starmer 'slash and burn' approach to UK higher education, but now with the added injury of 'rebalancing towards technical education, which we really need'

well Kemi I grew up in a socialist dictatorship too - and I promise you Ed Miliband's soft social democracy is not that. Not once has he denounced capitalism :)

Our unions are pushing back against a Labour politician that may try to change a status-quo that has been deeply harmful for workers - all to protect a few jobs in fossil sectors that we cannot afford to keep running because they are literally destroying the planet

it was surprising to hear Unite's Sharon Graham criticize Ed Miliband's record as 'job destroying' climate activism. We hope she reconsiders, on a day where UK is under extreme heat warnings. The climate crisis is real, we need a Chancellor who fights it. www.theguardian.com/politics/202...

Tightening against an energy price shock is a crude response, that only works if it chokes the economy, and green investment with it. It shouldn't be so controversial for the ECB to accept it.

the short-lived life of a super majority Labour government with BlackRock politics was so obvious even a professor of economics could predict it

I've been long skeptical of Kevin Warsh's hawkish aura - yesterday he proved me right. Despite his critique of QE distorting market signals, inflating asset prices, blurring monetary/fiscal lines, the Warsh Fed won't reserve Powell purchases of US Treasuries under cover of 'repo/reserve stability'

Haha magnificent Cabo Verde, size of a small Spanish town and a 40yo goalie

quite extraordinary that Andrew Bailey has responded to Mehreen Khan (+mine + gilt investors) critique of Bank's Quantitative Tightening with a defense so full of monetarist holes you can drive a plough through them: apparently we are of the mark! why? Bailey won't say!

Yeap, the fascists are burning down houses and the liberals respond with 'ah, they may have a point, too many migrants'

you may have left twitter but you're still funding Elon Musk with your pension savings. unfortunately, we won't see many denounce that complicity.

I can believe it, the BBC Radio 4 has been stoking anti migration feeling systematically, their morning program has a daily update on how many crossed the Channel, a bizarre obsession w a small number of people

Ken Rogoff, the austerity ideologue who fiddled excel spreadsheets for policy-based evidence, here defending status-quo with alarmist confidence of white male privilege

La violance de la monnaie

On my way to Paris for a keynote on 'Michel Aglietta and the ambivalence of money' and I am going to risk a joke about objet petit s

the AI Derisking State, brought to you by the Trump Administration - like its predecessor, this derisking-based industrial policy cannot match China's industrial/credit planning machine www.ft.com/content/8559...

thanks @benbraun.eurosky.social @realbrianjudge.bsky.social @mkblyth.bsky.social for letting me talk about macrofinancial life of sovereign bonds for 1.5h. judging by this week's OECD conference, next summer school should be for Ministers of Finance (and Gillian Tett)

You, a macroeconomist, despair that journalists have used this stupid metaphor for ages and then the people actually in charge of fiscal decisions have no clue what they're taking about.

Jesus @cnewf.bsky.social this is exactly the discourse of UK senior management www.nytimes.com/2026/06/01/m...

I remember talking to an Ethiopian who entrusted some of her savings to the government to build a dam as a 'transformative plus national pride' logic

bloody hell, I shouldn't be surprised by this but I am.

Two main exemplars of China’s new workers’ literature available in translation, both highly recommended. They are breathtaking memoirs of migrant workers going through staggering numbers of jobs & places. Hu Anyan’s was a bestseller, Xiao Hai’s is due to be published in China only later this year.

What a time to have am apero in Paris

Excited for a day of debate on progressive transformations in Europe with optimists of the will @i-laboetie.bsky.social

I'd say an appropriate colour choice for the occasion.

the sound of the AI bubble popping getting louder and some of us will feel pretty vindicated for this particularly inane moment in declining US hegemony

But yes tell me mandatory investments in public essential funds is a silly idea

The Labour Government's plan to destroy a world class source of soft power and export revenue is drawing admiration from autocrats and authoritarians across the world.

it's 2026 and academics still hit REPLY ALL to an email with 230 people in it.

Tony Blair tells Radio 4 that the £257 million his institute has received from a billionaire AI investor has absolutely nothing to with his lobbying for the AI industry

yes, and the British commentariat is pretending that this is a critical, wise intervention - manufacturing consent for BlAIrism, as if Starmerism is not precisely bad PR BlAIrism.

At EUI for a conference and you have to give it to Donald Trump, he's got mainstream macro economists to talk about dollar hegemony

Mohamed El-Erian with a list of policy recommendations like it's 1999 neoliberal jazz times

oh look, the derisking state is getting a long @FT read: what it calls 'industrial policy' is really 'carrots for capital policy'. there is not one word on sticks, or capital discipline in this piece. its title should be 'How European capitalists taught Brussels carrots is the way'

I grew up watching Arte documentaries and if you ever told me I'd be in one on Money, I'd have laughed incredulously. www.arte.tv/fr/videos/12...

Amen to mandating actually productive investment by pension funds. Excellent piece

Britain needs a transformative state but progressive politicians worry about the gilt cage constraining public investment - here are three steps to get out of the bond vigilantes' hock. www.theguardian.com/commentisfre....

This is gold.

Taylor Swift Adds Additional Wedding Dates In L.A., Miami, Boston

The excellent Mehreen Khan cutting through the fog to name our most invisible bond vigilante, the Bank of England www.thetimes.com/business/eco...

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