Michael Stynes

@lionel_trolling @brondumkm What’s the documentation on it? is it “atelier” or attributed? Very cool

@brondumkm Gaspard Dughet, maybe

bought myself a little something

NYT serving its readers the ads they need

Can’t recommend this piece highly enough. The most grounded and comprehensive analysis of immigration policing I have read. phenomenalworld.org/analysis/enfor…

Is Trump “Monetizing Primacy"? Should US be managing exchange rates? Here’s a great convo hosted by @phenomenalworld with @MonaAli_NY_US @RajaKorman & @Brad_Setser, moderated by @StynesMichael about the $, imbalances, global public goods. @triofrancos youtube.com/watch?v=0Qc9I9…

Monetizing Primacy: Join us next Thursday, July 31, at 12:00pm ET for a conversation with @RajaKorman, @Brad_Setser, and @MonaAli_NY_US, moderated by JFI's @StynesMichael. Details + Zoom: jainfamilyinstitute.org/monetizing-pri…

IMF's COFER data on global reserves for the first quarter is finally out, and guess what, the dollar's reserve share didn't change: 57.7% v 57.8% with rounding (& yes, I do think it is a mistake to focus on the dollar share of reserves rather than dollar reserve growth!) 1/

I threw everything in here—the $, bonds, future of the defense umbrella, the insistence on centrality, stablecoin, why centrality is not always strength, the evolution of US & global (r,g ) dynamics, and a shoutout to Steven Solomon. But no dad jokes. phenomenalworld.org/analysis/monet…

What is maybe most astonishing about these charts is that 2023 and 2024 were hard-to-believe record-setting years.

Writing about what the Chinese green tech acceleration means for the world and for the BRICS countries. Summit is on Sunday in Brasilia Out tomorrow. Subscribe here @phenomenalworld phenomenalworld.org/series/the-pol… Our @NZpolicylab report : netzeropolicylab.com/brics-going-gr…

Amazing job opportunity here

Brazil's macro economy is strong: GDP growth leads G20, unemployment near historic low, poverty falling. But 43% cumulative food inflation since 2020 could threaten Lula's 2026 reelection. Time to expand the toolkit. @lauraabcarvalho & I propose a Food Price Observatory @folha.🧵

But the fact remains that reserve related flows are playing a smaller role in the financing of the US current account deficit than at almost any point in the last 25 years ... yet all anyone talks about is the dollar's reserve currency role! 7/

For the last 14 years, I’ve not been a debt scold, but below chart adds US debt/GDP to the r,g picture and suggests that if the heart of exorbitant privilege lies in the ability to run r<g despite persistent twin deficits, debt/GDP suggests this is not a good time to lose it.

@TheStalwart I mean if you actually want a serious answer, you have to do geographical comparison You won’t find any country in the world, regardless of their economic model, that looks like this

NEW: 4 pieces address the core questions in the debate over green economic policies, with @cornelban73 + @jhasselbalch on state planning, @RosieCollingto on planet-critical sectors, @ShayakSengupta + Abhinav Jindal on multilateralism, and @BrusselerMel + Chris Hayes on derisking

Thank you, Ursula, for teaching us to confront the shadows we fear w/ our own name. The 1st edition of A Wizard of #Earthsea in 1968 contained maps and illustrations by Ruth Robbins, who w/ her husband ran the Parnassus Press in Berkeley, CA that first published the novel.

Planet is sizzling, Solar is booming, Markets are crashing and the US is imploding. What is the future of global climate politics?? Video: @AAbdenur, Sara Ahmed, @kyleichan, @Isabel_Estevez_, @StynesMichael and superbly moderated by @adam_tooze m.youtube.com/watch?v=css46v…

The 2ND WORST CHART FOR PRESIDENT TRUMP In today's Odd Lots newsletter, I wrote about the extreme market selloff, and how it's delivering very little rate relief for refinancing the debt. Meanwhile, recession risk could blow out the actual deficit...

Well we just had a good event study!

Legendary tweet