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Spyros Andreopoulos

@thinicemacro.bsky.social

Macroeconomist and consultant, politics junkie, wine lover. Ex ECB economist. Blogs on global macro, central banks, Europe, on thinicemacroeconomics.substack.com. Company website: https://thinicemacro.com

64 Posts63 Follower30 Folgt
Peter Thal Larsen@petertl.bsky.social · 2mo ago

The power of indexing: members of the S&P 500 Index of largest US companies have slower earnings growth than the next 500, but enjoy higher valuations. www.reuters.com/commentary/b...

Breakingviews - Passive investors actively pump up market bubble

Index-tracking funds are on ⁠track to ​buy a large chunk ​of the shares sold in SpaceX’s record $75 ​billion offering. ​With more than half the ‌U.S. ⁠market now invested by hands-off managers, benchm...

reuters.com

Spyros Andreopoulos@thinicemacro.bsky.social · 3mo ago

#ECB: On a Highway to Hike - But with Offramp #ECB validated market expectations of June hike. Posture: default outcome next meeting is hike, unless conflict ends: a path to a hike, with a conditional offramp. Overall, comms less preemptive, more reactive – but determined.

Centre for European Reform@centreeuropeanref.bsky.social · 4mo ago

The stakes of the election could not be higher: if Orbán wins, #Hungary will continue its slide into autocracy domestically and will keep blocking joint action at the EU level wrote @zecsaky.bsky.social in her @centreeuropeanref.bsky.social insight, read here:

Can Hungary's opposition win and restore democracy?

After 15 years, Viktor Orbán could lose power. But the opposition’s path is fraught with obstacles, from a lopsided electoral system to the extraordinary difficulty of restoring democracy even if…

buff.ly

Mujtaba Rahman@mijrahman.bsky.social · 4mo ago

The vast majority of Hungary's 7.6 million voters have made up their minds regarding where their crosses are going on Sunday's ballots. Few of the 350K or so who haven't and who might yet vote are unlikely to be persuaded by the razzamatazz provided by Vance's soiree in town 1/

Carlo "Realism, Gedankenfetzen und Rants" Masala@carlomasala1.bsky.social · 4mo ago

No matter what Trump’s response is (and we have a pretty good idea what it will be), no defense secretary has ever so elegantly denied the U.S. commitment to Article 5.

The Bulwark@thebulwark.com · 4mo ago

Q: "Is the U.S. still committed to NATO's collective defense?" Hegseth: "That's a decision that will be left to the president…The president's pointing out you don't have much of an alliance if you have countries that are not willing to stand with you."

Paul Blustein@paulblustein.bsky.social · 4mo ago

Have you heard the one about the Iranian ploy to dethrone the dollar by demanding payment in CNY instead of USD for oil passing through the Strait of Hormuz? No joke—it’s raising quite a ballyhoo! It’s the latest bout of alarmism over dollar dominance. Here’s my take: fortune.com/2026/03/30/p...

Dollar doomsayers can relax: Iran's 'petroyuan' gambit won't topple the greenback | Fortune

The petrodollar story is overstated, and increasingly outdated.

fortune.com

Karthik Sankaran@rajakorman.bsky.social · 5mo ago

IMO, it’s important to be precise about what shocks world is undergoing rather than just $ smile safe-haven bla-bla. 1. Febs 2022 & 2026 were negative global energy supply shocks —> positive US ToT shocks. 2. Feb & April 2025 were US global public goods withdrawal —> RoW fiscal expansion shocks.