Barak

74 posts

Barak

Barak

@Barak_dm

22 Scorpio

Eldoret, Kenya Katılım Nisan 2026
22 Takip Edilen3 Takipçiler
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Anatoly Karlin 🧲💯
> Vietnam is probably going to become the last developed country from the Global South. I'm now in Vietnam. I expected this, but definitely the biggest gap between "function" (high) and wages (low) of any country I have been to, to date.
OK Then@okaythenfuture

The day was always coming and now it is here, Vietnam is now the second largest economy in Southeast Asia, taking the spot from Thailand which traditionally has held it since the 1970s. Thailand will likely never be this close to Vietnam ever again, Vietnam is probably going to become the last developed country from the Global South.

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Donald J. Trump
Donald J. Trump@realDonaldTrump·
Gas prices are at crazy levels--fire Obama!
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Daniel Friedman
Daniel Friedman@DanFriedman81·
Oakland has a population of 450,000 people. It is blessed with geographic conditions existing almost nowhere else that allow year-round temperatures in the low 70s. It is also, notoriously, a crime ridden hellhole. 90 percent of the crime is committed by about 1200 recidivists. Oakland could make crime vanish by making these people vanish. Into a prison or whatever. Instead, Oakland elects progressive mayors and prosecutors who keep these people on the streets, keep encampments in the parks, provide no remedy for rampant property crime and disorder and keep spending hundreds of thousands of public dollars in social services and criminal justice expenditures every year for each of these individuals who are nothing but detrimental and will never be anything else.
Marc Porter Magee 🎓@marcportermagee

“approximately 50 violent groups or gangs in Oakland with an active membership of between 1,000 and 1,200 people, which represented just 0.3% of the population … were responsible for up to 85% of the city’s homicides”

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Jake Mercer
Jake Mercer@realjakemercer_·
Gen-Z women on college campus: Eat the rich. Empathy for the poor. Make homes affordable. DEI for minorities. Compassion for all races, genders, and orientations. Gen-Z women on dating apps: Must be white. Must be 6’3”. Must be handsome. Must be rich. Must be a homeowner.
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Saint Nomad
Saint Nomad@Saint_n0mad·
engineering is art
Saint Nomad tweet media
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Iona Italia, PhD 🇦🇺
I am strongly against free buses. More people will take buses if there are more frequent, faster, better connected services. That costs money. Fares also stop belligerent drunks and schizophrenic homeless people from riding the bus all day, deterring normal passengers.
Nicholas Decker@captgouda24

The case for free buses is actually really strong. They take people off the road, and make traffic better for everyone. At the very least, we should not expect them to make back their expenses at the farebox. Read it all below:

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Nikolai 🇪🇺🇧🇬🇺🇦
🤦‍♂️ The last time Bulgaria had a free floating currency:
Nikolai 🇪🇺🇧🇬🇺🇦 tweet mediaNikolai 🇪🇺🇧🇬🇺🇦 tweet media
Jason - macro / offshore / investing@MacroJason

Why are groceries in the Balkans sometimes more expensive than in Western Europe? Because in the entire Balkans - there is not a single free floating currency. ALL Balkan currencies are either pegged to the EUR or tightly managed against the EUR. 💶 🇪🇺 Locals think in terms of EUR and not their local currency when it comes to anything more expensive than grocery shopping. It's not like this in Central Europe. Hungarians, Poles and Czechs mainly think in terms of their local currencies. The cost of pegging your currency with the EUR is give up on monetary freedom 👇 1. Your currency becomes artificially strong, which hurts your local producer's export competitiveness whilst encouraging foreign imports. Balkan wages are lower but tradeable goods prices converge to Western levels because the exchange rate is not allowed to depreciate. With this chocolate bar example, on Polish or Czech supermarket shelves, there are much more domestically produced chocolate options than in the Balkans. 2. Can't cut rates to stimulate during recession (or you will face a carry trade attack) 3. Government can't inflate away debt as easily It's very difficult for the Balkans to reverse course now. Romania is the most redeemable case in the region, as the currency is managed rather than pegged. The central bank can still allow the RON to gradually depreciate as they have done over the years, whilst compensating investors with higher yields. It's good that in Poland, Hungary and Czechia - public support for Euro adoption is increasingly low!

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arctotherium
arctotherium@arctotherium42·
In 1900, Argentina was nearly as rich as Canada had approximately as many engineers per-capita as Brazil. Also note the location of the US South, which even after the devastation of the Civil War was never backwards by world standards, only compared to the North.
arctotherium tweet media
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