Even my family are taking the piss

Although better than the British Paralympic strategy which involves participating actively in American foreign policy

So what will we call the offshore euro system? Dollareuro, euroeuro, continental, xenoeuro, exoeuro?

Exclusive Cold shoulder: China, EU in diplomatic stand-off ahead of Munich Beijing has frozen out the EU’s envoy & snubbed its biz lobby, EU quietly boycotting China’s envoy in return, Wang Yi is Munich-bound with no locked‑in meeting with Kallas

EU Leaders meet tomorrow to discuss measures to lift Europe's anaemic growth rate. But the summit risks turning into a nothing burger. EU Leaders have cherry-picked a macroeconomically meaningless simplification agenda from the Draghi report New oped. 1/ www.politico.eu/article/euro...

I expect to spend today staring at this: ‘we’ve gone from government suggesting that the state would subsidise undergraduate student loans by about 45p in the pound, to making a profit on them for that cohort’. A *profit* on student loans: everyone should read this. 🤯 wonkhe.com/blogs/gradua...

BREAKING: The EU has launched an in-depth investigation into Chinese wind turbine maker Goldwind. This is under the foreign subsidies regulation, which the commission uses to weed out subsidies distorting the single market (rather than trade flows)

I used to think the Spice Girls were being paid off by Cuba because they kept singing about how they really, really wanted a bigger cigar

‘Whoa Black Betty...’

One downside of implementing an actual graduate tax instead of the unfair and punitive student loan system is how to get graduates, who like me, live abroad, to contribute to the cost of the degree

This isn't convincing, because the problem isn't tackled. Many consumers prefer media that confirms their biases and gives them ammo in online arguments. That's an existential challenge for impartial reporting.

The way to act is not by depreciating € to bolster exports, but by using causes behind euro appreciation as alibi to increase joint & several fiscal spending funded by ROW, thus boosting € internationalization & reducing vulnerability to US sanctions and surveillance, you morons.

*fully restores your HP as you scroll past*

George Woke Bush was bad enough, I absolutely refuse to deal with Enlightened Blatter www.theguardian.com/football/202...

I gotta say that l am not mega relaxed about Greenland. Growing European autonomy leads to a growing optionality that is seen by Trump regime as a threat (it prefers a Europe that is dependent but buys more military kit from US)

I think this is the key bit: “ In deep DM markets with equity-heavy portfolios and liability-matching investors, valuation does the heavy lifting”. Both requires gross trades (not net), with price doing the adjustment

Maddening, really, that a quick piece from @brianromanchuk.bsky.social offers more clarity and insight on FX markets than what most of us in the full-time FX commentariat have produced. Worth reading. bondeconomics.substack.com/p/sell-the-d...

Exciting wind farm news, even if Norway is being difficult UK to join major wind farm project with nine European countries www.bbc.co.uk/news/article...

Tanker carrying Venezuelan heavy oil departs to Louisiana, shipping data shows reut.rs/4qGioOI

I didn’t get to watch the game last night, but I imagine this was one of the best bits.

This seems interesting on 2 fronts. First it looks like an attempt to liberate Japan’s PM from being seen by markets as Truss redux. Secondly it could ease objections in Beijing to allowing a faster RMB appreciation and allowing dollar Asia to continue what the euro started last year

Nothing you don't already know but a relatively short-form view (by my often prolix standards) of things from 6 months ago.

"offshore wind" - sounds sneaky, like hidden tax money and flatulence "marine turbines" - hoo-ah, yes sir!

“Look: Rome wasn’t burned in a day.”

On Aston Villa's revenues, AVFC's commercial team took full advantage of being in the Champions League. Yes, there will be a drop this season, but go far in the Europa League & it's not a huge killer. Staying in Europe itself was crucial. #avfc

Also, if he was serious about rebalancing global trade (narrator: he was not) then you sort of *need* Europe to unwind its US assets to fund more current consumption. But then, nothing means anything anymore.

If Europe found a way for him to save face and move on, great. But Carney's speech was still spoken and was still true. The bell has rung.

Escaped the fog and the dankness by visiting the “pagan wall” near Mont Sainte-Odile. On our return we passed jubilant farmers slowly leaving Strasbourg

Wind roses are coming to the renewables map, and more! 🌹🏔️

Sure Greenland looks big on a map but it is also strategically placed for the GIUK gap publications.parliament.uk/pa/cm5803/cm...

Netherlands should join and offer to host the first meeting at the exclusive, famous, gilded and very luxurious palace called "The Hague".

And slightly old numbers, but two good charts to read side by side.

from humping turtles to jumping humpback whales...

@dsquareddigest.bsky.social unintentionally creates geopolitical crisis after Trump finishes reading Lying for Money, immediately accuses Oslo of using Nobel Prize committee as an accountability sink

Today in longstanding beebonnets/bugbears.

they are clubbing the seals > they are eating the dogs

I'm good thanks. I think I probably won't move to the country where the authorities pump out neo-Nazi memes and masked militias roam the streets.

2026 is seeing that the U.S. Army is mobilizing a unit specialized for winter conditions, but not knowing if the intended mission is violent repression of an American city or stealing territory from a U.S. treaty ally.

In Austria the sauna is fully nude. After a traumatic experience with my in laws l avoided it. This xmas, l ventured once again ( it is easier being nude in front of strangers). I was perplexed when some dude started waving a towel on a stick. Today l learn it is *a thing* bbc.com/travel/artic...

It's interesting to watch analysts and officials shaped by a world in the 90s and 00s that assumed an inevitable onward march of free trade and benevolent US hegemony struggle to adapt to a US president willing to destroy its foundations Even though signs of these risks were already visible by 2003

Farage is apparently 'under the weather' today and unable to talk about the US threats to the UK and Europe over Greenland. Which is unfortunate.

A media grid is an elegant way to slow down an OODA Loop

1/6 Wall Street bankers and owners of movable capital would hate it, but if the rest of the world were to reduce its dependence on the US dollar, this would be good for the US economy, good for US manufacturing, and good for US farmers and workers. www.wsj.com/finance/curr...

UK politics is broken (inter alia) because the very moment in which social media as telepoeitic machinery coincides with the two main parties purging their respective ranks and being unable to entertain multiplicity needed to form a coalition. It is a timing failure between media form and party form

we have both China *and* US now trying to divide and undermine the EU. The pressure is internal as well with various Eurosceptic parties polling well

All EU exports to US are c. 2.6% of EU GDP, a fraction less than increase in EU defense spending US is pushing. So m/t macro impulse from stop in EU exports to US would be offset by military Keynesianism that followed from substituting for US protection/kit as service/racket.

The concept of ‘legitimation crisis’ applies in the U.K. The State-Economic order commands only thin consent. It’s neither culturally nor morally authoritative & can’t/won’t match demands for economic, social & personal security. It’s adapted to now dead system of production & communication.