Non-defaulted govt bond trades at 2.65 cents on the euro. on.ft.com/3M5Yux0

#Pensions at a Glance 2025 launched today. 🧵 with some key insights from this edition. Full report now available here: www.oecd.org/en/publicati... 1/4

White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU. A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here: www.delorscentre.eu/fileadmin/2_...

BlueSky, I would like to report a murder.

OMG. Lubach. 100% weer de nagel op de kop man.

Hoo boy, another fictitious "EV market slows" headline from the Times *EU EV sales are up 25.6% in 2025* Receipts in thread.

Ouders klagen over vroege uitzending Ajax-Benfica: ‘Er kijken kinderen op dat tijdstip’

Feitelijk betekent dit dus dat er wel wordt geïndexeerd boven de 4000 euro, maar de werkgevers mogen het deel van de werknemers in eigen zak steken en de overheid behoudt in ruil voor die gunst de volledige belasting op de indexering. Ferm.

the European ICE (petrol + diesel) auto market is in a death spiral while EV sales boom...except TSLA. September saw some quarter-end window dressing but October was a return to the regularly scheduled declines of more than 40% YoY. Elon + diesel are dead letters in the EU auto market at this point.

Dude who just got the SV Bank bailout two years ago is back banging the cup. It’s a tell.

the last 24 hours on X, summed up:

Wonderful write-up by @erikfossingnielsen.bsky.social on a fascinating fiery debate at CERs annual economics conference this weekend (so fast Erik!) Should Europe use incentives to pull some of our capital exports back home rather than fund Americas deficits? independenteconomics.substack.com

we appear to be on to version six of this story

Twitter pays people based on engagement (views, retweets, comments, etc). It appears that many MAGA accounts are based abroad and they use AI technology to generate low-effort rage bait. My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.

I know there is lot going on but Witkoff got rolled by the Russians again. A bunch of R Senators said hold up today (including Graham) and Rubio just threw the clown car in reverse. Total shit show.

Terecht punt, Europeanen moeten het alleen qua inlichtingen oppikken. De VS doen al in feite het minimale.

Every man needs to find a woman who looks at them like Trump Looks at Mamdani.

Good morning. I've got a banger new post out today that develops a new method for placing voters on the left-right ideological spectrum, and adds a new, "non-ideological"/affordability axis to usual way we chart & think about US voters (esp swing voters). www.gelliottmorris.com/p/not-just-l...

I think someone should ask Grok who would be a better President, Musk or Trump, and then post the screenshotted answer on Truth Social tagging Trump.

French authorities are taking X to court because Grok is now doing straight up holocaust denial. Gas chambers intended for disinfection, cyanide residue tiny, ‘story’ persists because of taboo against critical examination. (Full translation in alt text)

On est pas bien là ? :)

Evergreen

Voorzitter Eurogroep stapt op www.consilium.europa.eu/en/press/pre...

“Grandma doesn’t need slippers.”

Enkele feiten: - de totale kost van àlle leeflonen bedraagt minder dan 1/5e van het bedrag waarnaar de regering momenteel op zoek is ikv de begroting; - het aantal begunstigden bedroeg op 01.01.2024 in totaal 1,39% van de bevolking;

The US and the Euro area have roughly the same population and median income per capita in purchasing power parity. The poorest half of Europeans are richer than their American counterparts, and the richest half of Americans are richer than their European peers.

Excellent AER paper from Luca et al. demonstrating how China’s exports crowd out production and curb innovation globally. It reinforces the argument I made in Politico last year about the drag China’s distortions place on EU productivity and innovation. 1/

Wow, he looks just like him!

Actual causes of death in the US and media coverage of same. And then we wonder why people have such a skewed understanding of the world. @ourworldindata.org is a treasure. Thanks, @hannahritchie.bsky.social and colleagues. ourworldindata.org/does-the-new...

Oh my

Portable mortgages are like your cell phone plan: when you upgrade the phone, the plan comes with you. Let your mortgage follow you to the next house. That unfreezes movers—especially downsizers—and unlocks inventory. Lemme explain why I love this idea:

Just some British patriots in Benidorm, taking over a street in Spain to shout in their own language about unwanted foreigners. It’s a blessing that they are too thick to understand irony.

This is really a superb piece and I must insist everyone reads it.

Een Rolex en een goudstaaf voor Trump www.nrc.nl/nieuws/2025/... Beschamend en vernederend voorbeeld van Zwitserland en Trump. En zo openlijk. Bizar. En buitengewoon verontrustend. Verhelderend beschreven door @carolinedegruyter.bsky.social

The International Criminal Court is ditching Microsoft Office, saying it’s too dependent on US tech, in favor of Open Desk, a German open source alternative. The move comes after Microsoft revoked ICC head Karim Khan’s email access when he was sanctioned by the US for the warrant against Netanyahu.

This is the Canadian Premier League soccer finals and we have a bicycle kick goal in the middle of a blizzard … and that’s the most Canadian thing I’ve ever seen 😂

Another gentle reminder. The only way for Germany to stop the meltdown in its auto sector is by working with Europe. Germany is too small to go it alone. Anyone with half an econ brain can see that.

" Lagen de Europese pakhuizen vol met deze essentiële onderdelen? Kon Europa overschakelen naar andere aanbieders? Welnee! Binnen een week moesten autofabrieken de productie al verlagen..." fd.nl/opinie/15773...

Truth Social added AI and it's gone woke as hell 🤣

Weer een mooie podcast van PG Kroeger en Jaap Jansen. Het economische verhaal van Argentinie is een tragedie en Nederland lijkt er geenzins op.

From the geniuses who brought you the 50 year mortgage over the past week may I present the <15 year car loan> Once again finance companies will be thrilled. Just one thing, the average ownership length is about half that time and the average vehicle lasts 13 years on the road.

A brutal intellectual battle over depreciation is now raging across this feverish country. Few understand the nuances, yet the fate of our Republic is at stake.

"We estimate that investment was reduced by between 12% and 18%, employment by 3% to 4% and productivity by 3% to 4%." #Brexit Nobody could have predicted this. www.nber.org/papers/w34459

This was the week where Michael Burry — of the $NVDA and $PLTR put trade — really doubled down. 👀

In other words, the whole legal and political hassle of taking the money from Euroclear (via an EU bond), and handing the money to Ukraine could be avoided by just issuing an EU bond, handing *that* money to Ukraine, and servicing it from the returns on Euroclear's assets.

New York millionaires: threatening to flee the city since 2009

Bidenomics: Truly Transitory Inflation, Remarkably Successful on Employment & Growth—But Unable to Break Through the Media Misinformation Machine My attempt to set forth a balance sheet: Bidenomics was an extraordinary success. The economy healed fast; the… braddelong.substack.com/p/bidenomics...

That ~$600 boost to tax refunds for the typical low-income filer on Obamacare will quickly get used up if the enhanced ACA subsidies are not renewed.

Uzbekistan to invest on average more than 10% of GDP in US every year over next decade (wink emoji, wink emoji, wink emoji) www.bloomberg.com/news/article...