These charts need to be drawn for imports/exports from/to all countries, not just JP/SK/CH.
Felix Hamer • electricfelix@electricfelix.eurosky.social · 2w agoBrad Setser: "So when I scale the total impact of the China shock on the EU market i get an estimated impact -- from reduced exports to China and higher imports from China net of changes to imports from the rest of Asia -- of around 1.2m cars, or 10% of the mart" nitter.net/Brad_Setser/...
This is a fantastic piece by @martinsandbu.ft.com which should be required reading for Burnham/Healey/their advisers. [Don't necessarily agree with all of it, but it makes you think about the UK's economic predicament in a different way.]
Financial Times@financialtimes.com · 2w agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
My latest piece, on why a conventional misunderstanding of the economy risks leaving the Burnham government in the same sorry place as Starmer's.
Financial Times@financialtimes.com · 2w agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
My latest piece, on why a conventional misunderstanding of the economy risks leaving the Burnham government in the same sorry place as Starmer's.
Financial Times@financialtimes.com · 2w agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Sent an email to 9 Europeans and immediately received 6 automated vacation replies. 🫠
Agree with this from @martinsandbu.ft.com & highly recommend his book, 'The Economics of Belonging', fleshing out the type of economic transition needed. However, it's possible Burnham's policies are merely symbolic at this stage to buy the political capital to 'go big'. www.ft.com/content/94a7...
Will Burnham go big or go home?
Reasons to be sceptical about the UK’s new prime minister
ft.com
Will Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Will Burnham go big or go home?
Reasons to be sceptical about the UK’s new prime minister
ft.trib.al
A betting account in the name of George Cottrell, the convicted fraudster who bankrolled Nigel Farage, received almost $9mn in cryptocurrency from unidentified sources while he was providing gifts to the Reform UK leader great work from @annasophiegross.bsky.social www.ft.com/content/b74c...
Betting account in George Cottrell’s name received $9mn in crypto from unidentified sources
Deposits in Polymarket wallet came as convicted fraudster was providing gifts to Farage
ft.com
The sacking of popular, modernising defence minister Mykahilo Fedorov exposed damaging divisions about Ukraine’s military strategy and armed forces’ willingness to address its shortcomings just as momentum in the war against Russia has swung in its favor. My report: www.ft.com/content/a200...
Ukraine’s rift over battlefield strategy breaks into the open
Sacking of popular defence minister exposes divisions over how to fight Russia
ft.com
There can be no forgiveness. 12 years ago, on July 17, 2014, the russians shot down Flight #MH17, killing 298 people, incl. 80 children. The perpetrators, sentenced to life in prison, remain under Moscow’s protection. Fact: russia has murdered hundreds of thousands of civilians. It must be smashed.
Ukraine has used a naval drone to transport a ground drone to attack Russia. www.businessinsider.com/ukraine-laun...
Ukraine launched a first-of-its-kind robotic amphibious assault, deploying a gun-toting robot from a drone boat
Ukraine said the fully robotic amphibious assault was the first known mission of its kind, demonstrating how drone warfare continues to evolve.
businessinsider.com
Good ideas about complementing the EU’s finances by @martinsandbu.ft.com But depressing bottomline: member states cannot escape the traditional political economy of budget talks and have already dug themselves deep into the usual trenches for net payers and net recipients” www.ft.com/content/127f...
The EU has ways out of its budget trap
Side agreements and special purpose funds could bypass the usual trench warfare
ft.com
The rather inconvenient facts around Europe's "China shock"... to be taken alongside the need to engage with the world's trade superpowers in the future. Though I'd suggest this is also why Member States push back against the worst rhetoric and protectionist ideas. www.ft.com/content/5817...
Europe’s ‘China shock’ panic is ill-informed
EU industry is largely weathering the competition well
ft.com
The EU has ways out of its budget trap www.ft.com/content/127f... By @martinsandbu.ft.com Side agreements and special purpose funds could bypass the usual trench warfare A.Úbide: "The budget is a clear political statement that Europe does not want to compete with China or the United States.”
The EU has ways out of its budget trap
Side agreements and special purpose funds could bypass the usual trench warfare
ft.com
@martinsandbu.ft.com: "If this budget proves irrelevant for Europe’s new challenges, alternative financial arrangements will be sought to do the job. We know this from experience" www.ft.com/content/127f...
The EU has ways out of its budget trap
Side agreements and special purpose funds could bypass the usual trench warfare
ft.com
excellent analysis of Europe’s budget discussions - supporting joint borrowing and issuance of an EU safe asset, by @martinsandbu.ft.com take note: @volteuropa.org @ecb.europa.eu @ec.europa.eu @vonderleyen.ec.europa.eu giftarticle.ft.com/giftarticle/... The EU has ways out of its budget trap
The EU has ways out of its budget trap
Side agreements and special purpose funds could bypass the usual trench warfare
giftarticle.ft.com
This is a fair guide to most of the arguments around a wealth tax, from @soumayakeynes.ft.com. I would add what I think is one of the most powerful arguments in favour: that is encourages more productive investment than the more common alternative of taxing capital incomes. /
Soumaya Keynes@soumayakeynes.ft.com · 4w agoWho wants to tax a billionaire? My attempt to anger *everyone* in a fraught debate www.ft.com/content/bf18...
As some of us have been saying... www.ft.com/content/3407... - and stay tuned for today's Free Lunch newsletter, landing in an hour. www.ft.com/free-lunch
Europe is running from a phantom China threat
EU leaders fear cheap Chinese exports when they should be worrying about embedded spyware and rare earths dependency
ft.com
Noah Barkin@noahbarkin.bsky.social · 4w agoThe German car industry association has issued a statement blaming the woes in the sector entirely on domestic conditions. There is not a single mention of China. The VDA recommends opening up struggling German factories to "foreign manufacturers" (ie Chinese) www.vda.de/en/press/pre...
BOFIT Weekly Review 27/2026 Russia faces increasing challenges in balancing its economic policies Read more 🔗 bofit.fi/en/monitorin... #Russia #economy #BOFITWeeklyReview
But noooo, regulation holds back growth!
@alexvonwitzleben.bsky.social · 2mo ago"France passed a single law and instantly unlocked 11 gigawatts of #solarenergy — without using new land. In 2023, France's government mandated solar canopies over all car parks larger than 80 spaces. The scale was enormous: There are 400,000 parking areas across France #ActOnClimate #Renewables
Pre-Brexit referendum: a British PM surprises by keeping a multi-party coalition together Post-Brexit referendum: successive British PMs fail to keep their own single-party coalitions together
A lot of people don't realise this but in the UK we have to replace our Prime Minister every two or three years or else the rights revert back to Marvel
Striking fact about the Makerfield election: left-right divide has barely budged in the last three GEs (7 years). Lab+LD+Green have gained 53-56 per cent of the votes each time; Con+Ref+Restore 43-47. All the action has been voter movements within each tribe. (Table from @peterkellner.bsky.social)
What reasons do we (and they) have for thinking that super-AGI would maintain predatory capitalism, rather than shifting us all over to a planned (by it) economy? #socialistcalculationdebate redux.
Financial Times@financialtimes.com · 2mo agoJeff Bezos says AI will bring ‘golden ages’ not mass job losses ft.trib.al/Hn8JWcd
