“Clear evidence of growth expectations: The steepening German yield curve, rising stock prices, euro appreciation, and stable CDS prices collectively indicate that markets interpret Germany’s fiscal expansion as growth-enhancing rather than a reckless fiscal bet.” www.ifw-kiel.de/publications...

New @kiel.institute Policy Brief (with @filpet4.bsky.social): How are capital markets reacting to Germany's proposed €500bn infrastructure investment + defense spending boost? Surging Bund yields reflect growth optimism, not default concerns -- in contrast to the UK's 2022 Truss episode.

She thoughts and prayersed fired veterans.

Another star graduate from the School of Ted Cruz

It's not about fentanyl. It was never about fentanyl. Nothing Canada does about fentanyl will solve this. It's Anschluss.

Murphy: "Let's not pull any punches about why this is happening. Elon Musk makes billions off of his business with China. And China is cheering at this action today. There is no question that the billionaire class trying to take over our govt right now is doing it based on self-interest."

NEW: Sources tell my office that Treasury Secretary Bessent has granted DOGE *full* access to this system. Social Security and Medicare benefits, grants, payments to government contractors, including those that compete directly with Musk's own companies. All of it.

The federal government has intense limits on data sharing in order to protect privacy. Sharing IRS tax data to another part of government *requires an act of Congress.* What constraints are being placed on Musk hoovering up people's personal data?

You can’t make this shit up (including the frame cut with the black banner above his upper lip)

Carl Sagan is the Homer Simpson of philosophy (i.e. he saw it all 30 years before it happened)

New paper out! With @evgeniapassari.bsky.social and Dimitris Malliaropulos.

New Bank of Greece Working Paper with @[email protected] and Dimitris Malliaropulos. A festive 🧶