@jeuasommenulle So they all spent so much time voting each amendment late into many nights and preparing a draft budget knowing it was a waste but for show to their electorate-whom they thus see as blind and stupid? What disrespect.
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Agnes B
158 posts
Agnes B
@belaischa
City of London, Ex public sector. Trying to sit on all sides of the table. X helps me.
London, England Katılım Temmuz 2020
179 Takip Edilen187 Takipçiler
Last night French National assembly rejected the budget they had themselves amended (404 to 1 !). What's next?
1. The initial draft budget goes to the Senate. You can largely ignore the outcome of this, it's irrelevant.
2. A committee with 14 MP (7 senate 7 assembly) will... 1/n
Eric Coquerel@ericcoquerel
🚨 Les recettes du #PLF2026 ont été largement rejetées par l’Assemblée ce soir. Un rejet historique sans appel : 404 voix contre 1. Retrouvez mon communiqué ⤵️
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@ChayasClan You've a pillar, get better, we will be waiting. And thinking of you.
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@ErikFossing Another prophet once said that a little knowledge that acts is worth infinitely more than much knowledge that is idle" -- prediction 10 is worth living by. Thank you for the Sunday ritual and all the best!
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In my last Sunday Wrap (at least for my UniCredit chapter of work life) I discuss the destruction to the global system caused by Trump, and draw the conclusions for the next 5-10 years for growth, inflation, markets etc (Europe will be okay!)
Stay tuned
research.unicredit.eu/DocsKey/econom…
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@S_Legrain @S_Legrain comment pouvez vous êtes si nulle? Vous gagnez qqch de personnel à être raciste et antisemite? Je ne voterai plus jamais pour une telle nullité, vous êtes consternante, une femme qui ne change rien, une nullarde
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ALERTE : ne les laissons pas saboter notre #8mars !
Ce soir, marche féministe antiraciste interdite.
Demain, Knafo Fourest et autres s'incrusteraient ?
Déferlons en masse pour dire que le féminisme ne sera jamais compatible avec leurs haines racistes, colonialistes, LGBTphobes.
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@MarioNawfal Except it's wrong, see @the_engi_nerd who posted about it from a position of technical knowledge. We all need to learn and listen more.
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🚨SOCIAL MEDIA CALLS FOR EUROPE TO CANCEL F-35 ORDERS AMID GROWING BACKLASH
The F-35 is facing a new round of criticism as calls to cancel European orders gain traction online.
Initially fueled by Trump’s tariffs on Canada, China, and Mexico, the movement has been amplified by broader anti-U.S. sentiment and opposition to military aid decisions.
Defense experts argue that the jet remains a strategic necessity, with no real alternative in the fifth-generation fighter market.
Source: Euromaiden Express
Mario Nawfal@MarioNawfal
🚨🇬🇷🇺🇸GREECE SIGNS CONTRACT TO PURCHASE 20 F-35 FIGHTER JETS FROM THE U.S. The deal is worth $3.5 billion, and will allow Greece to purchase the 20 multirole combat aircraft from the U.S., with an option for 20 more, potentially bringing the total to $8.5 billion. The first jets are expected to be delivered in 2028. Source: @visegrad24
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@VMRConstancio So the fact that she named the no-cut vote likely reveals an on-the-spot intention to entrench the message of the ECB's easing prior, tariffs aside, looking forward.
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One could argue that German debt today is a safer debt than yesterday, after the changes to its fiscal - and thus economic - framework, much better fit for the current economic environment.
Lars P Feld@Lars_Feld
Today is the day from which the German debt brake is history. Germany is no longer a safe haven for bond investors. I wish you all good luck with higher interest rates and inflation.
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It is all pharma -- US imports over the last 3ms were at a $100b annualized pace. and now there are big incentives to front run a pharma 232 ...
2/2
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The US bilateral trade deficit with Ireland is popping just as a President obsessed with the bilateral trade deficit is ramping up his tariffs ...
1/2
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@darioperkins Still totally crazy that self defense must be off budget. Shouldn't be able to be half pregnant.
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People said the Germans would *never* spend big. But in the end, all it took was the threat of WW3 and the return of the, er, "extreme right wing"
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@Etienne_Marcuz @HuguesMaillot @Le_Figaro @LozierLouis Merci, intéressant. Si l'objectif de la Russie n'est pas la conquête de l'Europe mais de son ancien empire, pensez vous envisageable de mettre une dissuasion nucléaire française dans l'un des pays baltes? Histoire que si les US sortent de l'OTAN, l'art 5 ait encore des dents?
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Honoré d'avoir été interviewé par @HuguesMaillot du journal @Le_Figaro aux côtés de @LozierLouis (un ancien commandant de SNLE quand-même) sur les possibilités d'extension de la dissuasion nucléaire française à l'Europe.
Je suis impressionné par le...
lefigaro.fr/international/…
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The power of ESM loans is they will be totally off balance sheet (leveraged by ESM paid-in capital, only 80b). But those EA countries who will do defense spending in size are more likely to commit hara kiri than take an ESM loan (Germany, France, Italy)
Patrick Saner@patrick_saner
The goal of more defense funding by the EU is clear, but the path to get there much less so. GS outlines a few ways to finance it.
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@jeuasommenulle If end game for Trump is to put the war on EU's shoulders, VZ offered him the opportunity. Trump was probably waiting for it. Vance's anger is first degree, not Trump's I think.
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Was the whole thing a trap & choregraphed to trick Z ? Mixed feelings:
- a few times Trump tried to defuse tension with half jokes
But
- the way Vance loses it is weird because it feels totally unjustified compared 2 what Z said + Trump's anger feels exaggerated/fake
Your view?
JohannesBorgen@jeuasommenulle
You should watch the full unedited version of this unreal press conference All going as expected (Trump w/ his weird obsessions, Z trying to stay cool, Rubio wishing he was in bed) until it totally blows up bc Z can't help correcting Vance about diplomacy youtu.be/S_YtXWVfkJE?si…
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Well, the EU tried to collateralise loans to Greece during the debt crisis - through a privatisation fund. But asset monetisation led nowhere. I wonder if *new* mineral extraction goes faster than privatisations...Ahem...
Michael Tracey@mtracey
The minerals "deal" is probably best understood in the context of adjacent Trump plans to annex, seize, or otherwise acquire a bunch of other territories; Greenland, Panama, Canada, Gaza. The US effectively becomes a part "owner" of Ukraine, with Ukraine ceding its sovereignty
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@paulturner2012 @BeckettUnite He's just trolling to show how far it can go if they don't go for peace and kick the ass of terrorists
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@BeckettUnite It is hard to believe.
as a Trump supporter, I am very disturbed by this.
Surely he has been hacked!
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Trump has posted a sinister AI video of his future for ‘Riviera’ Gaza.
It needs to be seen to be believed:
Trump statues; Musk dancing; Trump & Netanyahu sun bathing & drinking cocktails.
Monsters rejoicing in their genocide & ethnic cleansing.
It is truly racist fascism.
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@darioperkins How to be a bond vigilante (treat DMs like EMs, arm wrestle the Fed, outcycle the cycle, b!tch the equity market, diss CRAs, dismiss DSAs, faint on vol,...)
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after "how to be a sellside economist", and "how to be a central banker", what should be part 3? How to be a macro podcaster? How to be a financial journalist? How to be a buyside economist??? (poking fun at clients - what can go wrong?)
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Thanks everyone who shared this, and for all the kind comments. Central banks are riding high on their own hubris rn, so I'm sure they could take the joke 🤣 x.com/darioperkins/s…
Dario Perkins@darioperkins
NEW BLOG: How to be a central banker The 10 rules of central banking. (this time with a free link that actually works without signups etc) hub.tslombard.com/download/PUBPE…
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@ErikFossing They'd better find a solution to wage growth in an ageing econ with restricted immigration, otherwise we'll die twice...
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What I dont understand here is this:
1. Headline inflation already dropped BELOW 2% so what does “we could get to 2% earlier” mean?
2. What does “soft landing” mean in the actual eurozone world in which domestic demand still hasn’t recovered to its 2019 level?
PiQ@PiQSuite
⚠ ECB'S KAZAKS: **ECONOMIC WEAKNESS SUGGESTS WE COULD GET TO 2% INFLATION EARLIER THAN END 2025 **WE SHOULD NOT REMAIN IN RESTRICTIVE TERRITORY WHEN WE GET TO TARGET **SOFT LANDING STORY IS STILL THERE BUT REBOUND UNCLEAR
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@layioche @gabriel_zucman Et ça pose aussi la question de taxer les plus values réalisées ou potentielles dans le patrimoine des plus riches qui se confond avec la valeur de leur business. Même débat qui vaut la peine aux US qui cherchent aussi plus de revenus
Jason Furman@jasonfurman
On the second, the argument is that FOR A GIVEN LEVEL OF CAPITAL TAXATION it is better to have a broader base and a lower rate. A [10%] capital gains tax on accrued gains leads to less distortions than a 23.8% tax on realized gains.
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@gabriel_zucman Intéressant. En revanche, on part sur une taxe sur le stock et non le flux. Cela semble acceptable dans l’absolue mais pose bcp de question technique : stock de quoi ? Capital ? Actifs ? Ceux détenus en France ? En France et à l’étranger ? Pour n’en citer qu’à la volée.
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Le PLF, article 3, introduit un impôt minimum de 20% sur les très riches
En l’état cette mesure rapporterait assez peu, 2 milliards au plus
Mais avec de petites améliorations, elle pourrait rapporter 10 x plus, et changer radicalement l’équation budgétaire
Voici comment 🧵
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A happy PS: I got into a clinical trial at Dana Farber in Boston this afternoon. It’s one of a handful of inflammatory breast cancer centers in the US. Very fortunate to get the best of the best care. Also, thanks for all the well wishes. 🙏
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This piece is very important to me. The drop in the hiring rate is what I worry about most now. Not so much about it being recessionary but about the lost potential.
Claudia Sahm@Claudia_Sahm
"The strong September was welcome after months of cooling in the labor market and reinforced other signs of strength in the economy. But, one month doesn't make a trend, and even with the Fed cutting rates, a sustained turnaround in hiring will take time." bloomberg.com/opinion/articl…
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