Hernán Cortisol
1.1K posts
@johnpmerrick Their take annoyed me so much I'm writing a full rebuke - would you be interested in seeing a draft?
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Incredible to see the way these lads have hitched onto social housing as the great evil of modern Britain. And an utterly dystopian picture of cities that comes from it
Sam Bowman@s8mb
Exactly right, and if you allowed these people to sell the rights to these properties, most of them would. It’s a gigantic misallocation of resources, and fixing it is the fastest way to create a lot more housing in central London for economically productive people.
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With people like Streeting, Mandelson and Starmer since 2024 they genuinely deserve >20 seats.
Even now they are playing silly buggers in the flaming ruins of a once great party.
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He’s saying this, partly, to ratfuck Burnham in a seat that voted 2/3 leave.
The Labour right are genuinely awful.
George Eaton@georgeeaton
Wes Streeting calls for the UK to rejoin the EU in his speech to the Progress conference. “We need a new special relationship with the EU, because Britain’s future lies with Europe - and one day back in the European Union”.
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Walking through Trafalgar this morning, Tommy Robinson really has cornered the market on middle aged dysgenic boomer freaks. Such bad optics.
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Just walked through Parliament Square en-route to lunch.
Very friendly/chill/positive vibe.
People have put a lot of effort into their outfits!
Something deeply emotional about seeing lots of people with your flag.
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@UnrealBarnet @Laocailarry @Con_Tomlinson Tomlinson is literally better suited to Islam than he is to LARPing as a US Catholic from the 2010s
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Spotted in Brighton.
This shouldn't be allowed. Children can see this. Such perversion has no place in public spaces.
Restore standards of propriety.
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The President of Finland and the Prime Ministers of Norway, Sweden and Denmark dining together. Would Starmer look out of place here?
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@SeanPlunket @RemigrationNow_ Maybe they don't want to be raided by armed police for thought crimes? Just a thought.
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I wonder why the people behind @RemigrationNow_ are too cowardly to say who they are?
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Hernán Cortisol retweetledi
If you're wondering where Varg is... He's there, at his PC, coding day and night a computer game...
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@Geiger_Capital Why should this ratio mean anything? My net worth divided by my annual salary has grown higher since my 20s. Should I panic?
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The Buffett Indicator (Total US Market Value/GDP) is a ballpark measure of how expensive stocks are at any one point in history…
It’s now sitting at ~245%.
"If the ratio approaches 200%, as it did in 1999, you are playing with fire." - W. Buffett
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I just rode on what was likely the most crowded bus I’ve ever been on where I was literally packed like a sardine and somehow people were still respectful even though we were all pressed against one another. It was too crowded for the ticket lady to make it through the isle so people were passing money down the line and returning change with no problems. You can’t do that in America. Any guesses as to why?
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@RichardCovetous @DanielaGabor To avoid confusion that isn't the sole reason they're selling.
This explains it better than me:
columbiathreadneedle.com/en/gb/institut…
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@Noticebrah @DanielaGabor Ok that makes sense as a policy choice for monetarists and also in the current scenario.
Doesn't make sense for politicians to respond to it since current inflation is based on international events that they have no control over. But I guess its just a justifying rhetoric.
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Shocking - @FT long read on UK bond market with v little analysis beyond 'a lot of debt, powerful investors'
Nothing on linkers, one sentence on Bank of England actively selling gifts when no other central bank does.
ft.com/content/681c03…
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@Noticebrah @DanielaGabor So are they trying to reduce inflation by taking currency out of circulation?
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@RichardCovetous @DanielaGabor No, they had £1m of asset (gilts) and £1m of liability (banknotes). Net position zero.
You give them £1m and they give you gilts. Now they have £1m less assets and £1m less banknote liability. Net position of the Bank of England is the same before and after selling them.
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@Noticebrah @DanielaGabor So they're giving them away in exchange for nothing?
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@RichardCovetous @DanielaGabor Pounds are a liability of the Bank of England. When you give them pounds for gilts, they extinguish their liability.
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@Noticebrah @DanielaGabor Does it keep hold of them or trade them for other stuff?
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@RichardCovetous @DanielaGabor It gets Great British Pounds for them, same as anyone else.
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@DanielaGabor What does the BoE get in exchange for the gilts? Like it could be perfectly rational calculus that the UK is going down the shitter and something else is more valuable to hold?
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@bear_biggest @Frencheconomics There literally can't be a default. The govt is able to print money. Which is why yields have increased to the extent that this will create higher inflation.
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@Frencheconomics It’s vibes
No one believes there will be a default
How many shorters have been spreading bullshit?
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The Pound is softer, yields are higher on the Josh Simons/ Burnham news. This is not trying to “constrain democratic choice” this is rational repricing of expectations for more Gilt issuance, and more inflation.
Richard Murphy@RichardJMurphy
UK gilt yields have hit an 18-year high. That's not because the economy collapsed. It's because bond markets fear Labour might elect a slightly more left-wing leader. When financial markets seek to constrain democratic choice, that is not economic discipline. It is political power, exercised without a ballot. cnbc.com/2026/05/13/gil…
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@firasmodad A lot of Brits are able to laugh at themselves. It is not our first instinct to run off and do an acid attack or harbour a multi-generational feud if someone laughs at us.
We are able to have a "live and let ive" approach to daftness even if we don't want to join in.
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@Noticebrah If people laugh when you're naked, they're laughing at you.
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I don't even get it. Why would you cycle naked? What a bunch of perverts.
Emma-Jane Taylor (E-J) 🇬🇧@ejtayloruk
POSTPONED. The Naked Bike Ride in Brighton has been postponed because organisers say they can’t guarantee the safety of the cyclists. Yet again, not one mention of the children who are involuntarily exposed to full adult nudity. Not one acknowledgement of the safeguarding risk. This silence is the problem. This is exactly why this event is dangerous. When the focus is only on the adults choosing to take part, and never on the children who have no choice at all, the safeguarding failure becomes impossible to ignore. This is what I have been calling out. Today’s announcement simply proves the point. No more to add. bbc.co.uk/news/articles/…
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@sioneill @novaramedia I've read all the same books you have mate. It doesn't make MMT real. In the actually existing world the UK has issued £2.9tn of debt and agreed to pay coupons on it.
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@Noticebrah @novaramedia Gilt issuance is simply an ex-post change in liability composition, a policy choice. The £2.9tn national debt is created by government spending £s into existence—the same £s that enable private savings.
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"If the British government is going to be completely dominated by the bond market, MPs might as well go home."
Diane Abbott told Cathy Newman on Sky News that whoever replaces Keir Starmer as prime minister must go through a "properly organised selection process", regardless of any "hissy fit" made by the bond markets. When this provoked laughter from Newman and eye rolling from former Conservative cabinet minister Gillian Keegan, @HackneyAbbott argued that there's no point in having a parliament if the financial sector always has the final word.
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If Burnham's going to play the localist card (as it looks like), it's imperative that Reform don't parachute a candidate (ahem Goodwin) into the seat. They must run Robert Kenyon, their local candidate who won 32% in 2024 and who won his council seat decisively last week.
Will 🏴@anglofuturist
Makerfield is probably one of the most optimal places for Burnham to run, but also an incredible risk considering just how far that electorate has shifted to Reform (32% in 2024!). It'll be interesting to see if the "Burnham effect" can actually reverse much of that.
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