Search results for tag #economics
Want to know why most people don't think the UK economy is working for them?
That real household income has been stagnant for a decade might have something to do with it...
(And don't forget these real levels have taken inflation into account *but* such adjustment doesn't include house prices which continue to climb as a multiple of wages, making one aspect of economic life seem less & less affordable).
This is why Zack Polanski's message on the economy has traction!
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Chart: Household incomes have grown much more slowly since the financial crisis
UK real household disposable income per head (annual rates, constant 2023). Dashed line is the trend from 1955 to 2007
shows steady growth from 1990-2008, and then slower growth & essentially stagnation at around £25k since 2015
New instance, same content.
He/him.
Tag soup of work and interests: #SystemsEngineering, #softwareengineering, #devops #programming, #cloud, #motorcycles, #bicycles, #karate, #retrocomputing, #VintageComputing, #calculators, #homelab, #electronics, #history, #economics, #blacksmithing, #polyamory, #HudsonValley, #NYS
Zack Polanski is about to put his head above the parapet on the Green Party of England & Wales' economic policy.... we can expect there to be be quite a lot of push back despite much of the policy being pretty uncontentious in economic terms....
What will likely create the most noise are the proposals to shift fiscal rules (again) & to equalise tax rates on capital gains with those on income (highly welcome in my view).
The game is on (as they say).
#Greens #economics
https://www.theguardian.com/politics/2026/mar/18/basics-of-life-in-britain-have-been-sold-for-profit-says-polanski
west texas is back over $100, whee doggies stop using oil
#economics #economy #oil #OilPrices #war #iran #idiots #fools #fascism #FuckTrump #FuckMAGA #FuckOilCompanies #FuckGasCompanies #FuckNaturalGas
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a live chart from marketwatch showing market open (as it is all week, it only actually closes on weekends) and current crude oil price WTI at $100.08.
Zack Polanski (Green Party of England & Wales) argues that GDP should be downgraded as a measure of political economic success; he is 'much more interested in growing people’s mental health, growing our public services, growing cohesion of our communities'....
While possibly a quixotic aim given the continuing centrality of GDP measure to political discourse, it *does* play to people's distrust of GDP as a plausible measure of their own economic experience(s).
#economics #politics
h/t FT
It looks like #degrowth has become big enough that its proponents are starting to police one another for being unorthodox. Fortunately, the mighty Giorgos Kallis has wise words of advice:
"What if, instead, we were all to relax and cherish the plurality of political and exploratory pathways opened by degrowth? [...] What if we were to accept that [...] there will be different theories of degrowth too, and different political proposals for achieving it? "
https://degrowth.info/en/blog/what-s-wrong-with-degrowth-nothing
RE: https://framapiaf.org/@maiwann/116229049266517735
Oh, would you look at those poor poor people in France? Suffering living in caves because they have a car free neighborhood .
Oh the travesty. They have to walk. They have to walk. Oh dear, they don’t have to spend any money on gas to go out to their favorite café. How they must suffer their backwards, primitive life, eating berries, and living in caves.
A Just Energy Transition: Law, Economics, and Public Policy - QUT Symposium - 21 November 2025 https://drrimmer.medium.com/a-just-energy-transition-law-economics-and-public-policy-9a68767675a0 The videos from the event are now available in the archive. Feel free to share. #energy #SDGs #climate #justice #IndigenousIP #greenwashing #misinformation #disinformation #greenIP #cleantech #renewables #cleanenergy #law #economics #publicpolicy #innovation #auslaw #auspol c @doctorow @glynmoody @JohnMashey
This morning oil market analysts are saying that Iran has shipped+sold more oil per day after they were attacked by the US+Israel than they did prior to being attacked.
Also seen reports that the first non-Iranian flagged vessel, a Chinese oil tanker heading for Pakistan, was let through the blockade.
📸 60 Minutes
So anyways, back to Black America's reaction to the unprompted war with Iran.
Chareleston White, a famous comedian, broke down the economic interests that Israel & the US have in controlling banking systems.
https://www.youtube.com/watch?v=ARAbAU1YpD4
#CharlestonRight #HustleReset #Trump #Israel #ACAB #IDF #IOF #Zionist #Palestine #NorthKorea #Iran #Russia #BRICS #Economics
"The Iran war is the 1st time Trump's style has made it impossible for him to easily talk/improvise his way out.
Some in his inner circle have what one official called "buyer's remorse" —growing fears that attacking Iran was a mistake," per Axios
Canada's Prime Minister: "Canada is not participating in the offensive operations of Israel and the United States and will not ever."
“There was already a strong shift to #ElectrifiedVehicles before the war on #Iran disrupted #energy markets, with new #BatteryVehicles selling at nearly double the rate from a year ago, according to February automotive data. James Voortman, chief executive of the Australian Automotive Dealer Association, says car yards have been selling even more #EVs since #petrol prices started to rise. “Most of the dealers think they will have a very big March in terms of #EVSales,” says Voortman. He says the rise in #PetrolPrices was enough to convince some prospective buyers to make a #purchase decision.”
#Australia / #economics / #technology / #vehicles <https://theguardian.com/business/2026/mar/15/rate-rises-helium-shortages-ev-sales-spikes-how-is-the-disruption-in-irans-strait-of-hormuz-affecting-australia>
So, if we take the instruction to follow the money... then the news that US oil groups are likely to gain upwards of $60bn windfall from the rise in global oil prices caused by the US/Israeli attacks on Iran & the Iranian's response, would lead one to presume few in the oil industry will be working to resolve this crisis....
Of course, their short-term advantage may in the end prove a pyrrhic gain if it encourages a speedier take up of alternatives (renewables)?
#Iran #oil #economics
h/t FT
RE: https://mastodon.social/@blogdiva/116219201828586963
My God, this shit is so fucking stupid!
For the record, this is all not just mathematically wrong, but also historically, not to mention morally - but that's par for the course; they know it & are deliberately lying. There's always some rich people stooge with an equation that "proves" how taxation can't possibly work.
The stupid part is that this kind of insane nonsense completely dominates the global public debate about economics.
RE: https://flipboard.com/@latimes/opinion-uc4d9e86z/-/a-Rntk1PhbRuyEwFYuB8K_-Q%3Aa%3A460011909-%2F0
LA Times, bought by a techbro, says taxing the boss won't solve anything.
sure, becki.
Trump before the oil price spike: We'll be fighting in Iran for as long as it takes.
Trump after the oil price spike: The war is almost over!
Trump today as oil prices start going back up: The US makes lots of money when oil prices are high!
https://www.theguardian.com/us-news/2026/mar/12/trump-gas-prices-iran-war
Yup, we're screwed.
Iran's new Supreme Leader is 'in a coma' and has lost a leg after being seriously injured in air strikes, per the Sun.
JPMorgan: "If the US cannot achieve a short-term victory, it seems likely that it will be forced to attempt a ground war to reopen the Strait of Hormuz. If so, this could transform into a multiyear war"
Trump's son-in-law, Jared Kushner, has been appointed as Special Envoy for Peace, which means that Kushner must file his legally required public financial disclosure report in the next 10 days and divest from any conflicting assets, per CREW
“The “cost” of cutting UK emissions to net-zero is less than the cost of a single fossil-fuel price shock, according to a new report from the Climate Change Committee (CCC)”
—> and health benefits and fuel savings alone provide good reasons for doing it…not to mention stabilising the climate!
https://www.carbonbrief.org/ccc-net-zero-will-protect-uk-from-fossil-fuel-price-shocks/
#Climate #Economics #UK #ClimateScience #Energy #FossilFuels #UKPol
RE: https://zirk.us/@ChrisMayLA6/116211310444055277
Now that 32 countries have agreed to release strategic oil reserves on to the market, to counter the rise in oil (and petrol) prices, it will be interesting to see how immediately prices fall back.....
No prizes for observing the downward move will be likely slower than the upwards price hike(s).
As petrol prices start to climb we can be sure that profiteering is happening in the retail fuel sector... how?
Well, as pointed yesterday by @alantperry -
'As Canadian economist Jim Stanford recently pointed out, the petrol you are pumping into your car at inflated prices was refined weeks ago from oil extracted months ago. So why, other than profiteering, is the price rising? Funny how an increased *future* price of oil is applied retroactively'!
All on show right now!
The US used as much as $4 billion worth of munitions in the first 72 hours of its attacks against Iran, including about 400 cruise missiles and 800 air defense interceptors, according to estimates from German defense giant Rheinmetall
As petrol prices start to climb we can be sure that profiteering is happening in the retail fuel sector... how?
Well, as pointed yesterday by @alantperry -
'As Canadian economist Jim Stanford recently pointed out, the petrol you are pumping into your car at inflated prices was refined weeks ago from oil extracted months ago. So why, other than profiteering, is the price rising? Funny how an increased *future* price of oil is applied retroactively'!
All on show right now!
Iran is exporting more oil through the Strait of Hormuz than before the war, blocking other tankers but waving its own through, per WSJ
BREAKING: A Foreign hacker in 2023 compromised Epstein files held by FBI, per Reuters
#HelioxPodcast #ScienceComm #UBI #FutureOfWork #EvidenceBased #OpenBorders #CriticalThinking #SocialPolicy #Podcast #Economics
@rutgerbregman@mastodon.social
@basicincome
@scicomm@fosstodon.org
@CBC
@Podcast
476,000 Americans are working two full-time jobs simultaneously, an all time high, per Bloomberg.
US stocks haven’t been this out of favor relative to their international peers in more than five years, according to Bank of America’s Michael Hartnett
Rubio: The goals of the mission against the Iranian regime are clear:
- Destroy their ability to launch missiles
- Destroy factories making these missiles
- Destroy their navy
"Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping"
Man, I remember the good old days when people were freaking out that oil prices reaching $90 a barrel.
... wait a minute, that was last Friday. Oh that's not good.
(checked the prices just now. The prices are at about $108 a barrel as of this writing)
BREAKING: Sweden's Central Bank is recommending that every adult should keep about 1,000 Swedish kronor ($100–$110) in cash, enough to cover roughly a week of essential purchases like food and medicine if digital payment systems fail.
New from Oxford economist #OlivierSterck: "Measuring poverty on a spectrum instead of an arbitrary line conveys a more accurate picture of inequality."
https://theconversation.com/measuring-poverty-on-a-spectrum-instead-of-an-arbitrary-line-conveys-a-more-accurate-picture-of-inequality-271912
PS: I find this take on poverty very illuminating. Instead of measuring poverty by incomes (dollars per year), we should measure it by the time it takes to earn $1 (years per dollar). The classical measure allows a small number of very rich people to pull up the average income, and makes widespread poverty seem to be a minor problem. Sterck's new measure allows a large number of struggling people to pull up the average time needed to earn money, and makes a necessary correction to our understanding. The classical measure gives more voice or weight to the rich, when they're very rich, while Sterck's gives more to the poor, when they're very numerous. This helps us see two things otherwise invisible: widespread poverty hidden by average wealth, and severe income inequality.
While the average income is higher or better in the US than in Europe, the average time needed to earn $1 is significantly longer or worse in the US. This kind of poverty exists alongside that high average income. We need to bring in severe income inequality to explain this, and of course income inequality is significantly higher in the US than Europe.
Trump: Always nice to be young and handsome. Doesn't mean we have to like you. I don't like young, handsome men. Women I like.
BREAKING: Trump says he needs to be personally involved in choosing Iran's next leader, per Axios
Speaker Johnson: "They [Iran] have declared war on us. I don't believe in the semantics... We're not at war right now. We're four days in to a very specific, clear mission, an operation, Operation Epic Fury."
BREAKING: Sweden’s central bank says all adults should hold a week’s worth of cash at home so they can buy food, medicine and other essentials in case of a war or other crisis, per Bloomberg.
Qatar will fully shut down gas liquefaction on Wednesday and won't be able to return to normal production and export levels of super-chilled gas for at least a month, per Reuters
Olivier De Schutter (UN special rapporteur on extreme poverty & human rights) is preparing a road map for the United Nations to use as a guide to reconfiguring the economic aspects of its global role.
Its direction is revealed by his statement that:
'The scarce resources we have should be used to prioritise the basic needs of people in poverty & to create what is of societal value rather than serve the frivolous desires of the ultra-rich'!
There's a handy website to view live estimates of the cost to US taxes payers for the war in Iran.
It's updated as facilities are damaged, planes shot down and ammunition spent.
#Iran #US #USPol #economics #warcost
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Iran war cost tracker
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Operation Timeline & Discrete Costs
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Human toll
"Some U.S. military commanders have reportedly been accused of telling their troops the Iran war is part of a biblical plan to trigger the end times," per HuffPost
BREAKING: Iran's Foreign Ministry says that the process that the US and Israel begun will "soon engulf Europe"
The US also seriously miscalculated on the economic impacts Iran can create.
TikTokers Hasan Piker talks the web of economic damage caused by Iran closing the Strait of Hormuz.
Japan says they had NO warning about the US going to war. The country gets 70% of its oil through the Strait and has less than a year of reserves.
Japan warns the unplanned economic fallouts of war will be an issue for them.
https://partyon.xyz/@nullagent/116166158831417257
#Japan #straitofhormuz #Iran #Israel #OilWar #economics #HasanPiker
You know what bugs me? When people says something along the lines "The price for wind and solar in the last 10 years has come down x-fold." And then pretend that this was a magic market mechanism or that it simply was The Right Time for renewable tech to emerge victorious/competitive over fossil fuels.
Just as an example, the Energy speaker at UK's National Emergency Briefing does it too
https://www.youtube.com/watch?v=_cD1HY5e1H8
But this isn't market magic. The price for solar has plummeted bc of China's subsidies in general. And then, due to COVID, China's real estate crisis had provinces struggle to counter lost revenue. They then lowered biz tax – which attracted new companies – and new companies are mainly those who make or sell new tech, eg PV panels.
And because so many new factories sprung up, PV get sold for a dime a dozen.
WE, our nations, could have done that 10 years ago already. We, our nations, SHOULD have heavily subsidised PV and wind turbine manufacturing and R&D 10 years ago.
It's not market magic. And it's not because This Is Simply The Right Time. No. It's subsidies, subsidies, subsidies, and it's 10 years too late!! 😡
#ClimateChange #Renewables #Economics #Neoliberalism #China #SolarEnergy #WindEnergy
Iran's blockade is currently only allowing Chinese or Russian vessels through.
Everyone else is not allowed to pass.
#Iran #straitofhormuz #KhameneiAssassination #Oil #Economics
Now most of these videos from Iran and aligned groups are a response IMO to the US's now 30yr approach to showing off their most successful strikes.
I think this particular US military video is interesting.
It shows likely an MQ-9 drone ($16M), probably firing a hellfire missile ($100k) at a fucking F4-Phantom ($3M)
And I want draw our attention back to a certain MQ-9 shotdown over Iran imo the value proposition of this video is not looking good.
The UAE has ordered its stock markets closed on Monday and Tuesday after Iranian attack
BREAKING: Trump: "I am directing EVERY Federal Agency in the United States Government to IMMEDIATELY CEASE all use of Anthropic’s technology"
#news #finance #economics #stocks #options
FedEx, $FDC, that it will return any tariff refund it might get to shippers and customers who paid them.
Wow. This is really harsh criticism👍 of integrated assessment modelers and engineers who hide everything that challenges their lifestyle in fairy tales about CCS and H2. Allwood shows how #paper, #steel, #cement, #aluminum, #plastic, and #glass can only become climate-neutral through degrowth.
https://www.nature.com/articles/s44286-025-00344-1
The best thing is his harsh language. He takes no prisoners, but shoots liars on sight.
No wonder. After all, it was their lies that always prevented greenhouse gas reductions from being implemented quickly enough to match the risk. Academia bears a huge share of the blame.
#CCS #ClimateChange #IAM #SharedEconomicPathways #Degrowth #EconObscene #Economics #ClimateEconomics
Aside from my usual posts, having just hit 8k followers, I wanted to thank you all for reading my posts, engaging in interesting conversations (especially when you think I've got it wrong), always being civil (the joy of Mastdon) and, of course, for spotting the not infrequent typos in my posts.
I love it here, its proof that social media doesn't have to be toxic swamp of idiocy.
More politics, music & economics coming soon (well, later today & into tomorrow)
"If the economy just is predicated on kinda AI-related CAPEX and the high-end consumer, that makes for a relatively fragile economy."
– Libby Cantrill, PIMCO Managing Director commenting on Bloomberg Businessweek Daily
~~~
Absolutely true.
It is a grim day when the very corporate giants and bankers who have spent years extraction record profits from the Australian public start "warning" us that a recession is the only solution.
Wesfarmers and big bank executives are now pivoting to a narrative where the working class must suffer the "medicine" of an economic downturn to fix the inflation their own corporate greed helped fuel. They’re essentially saying that if they can't keep their profit margins sky-high through price hikes, they’d rather see the country plunged into a recession than see a meaningful tax on wealth or a real cap on the cost of living.
We are being told that the only way to "save" the economy is to destroy the livelihoods of the people who keep it running, while those at the top stay insulated in their boardrooms. We need to stop taking economic advice from the people whose primary goal is to protect the status quo at the expense of everyone else.
#auspol #costofliving #capitalism #laborrights #economics #australia
/4
Here is US Treasury Secretary Scott Bessent threatening to cut off countries or "whole product lines" if anyone reneges on previously-negotiated trade or peace deals.
#USA #US #trade #tariffs #WorldTrade #economics #business #bessent #trump
Bessent: "2025 was about setting the table. 2026 is gonna be a banquet for the American people. The economy is taking off."
Just in case you've seen headlines about 'surging' retail sales, as you will see while the 'value' (price) index has risen & continues to do so, the volume of retail sales has remained essentially static (with a slight uptick in January)
So growing retail sales are essentially a figment of inflation & not the ability of consumers to actually buy more... yet more evidence of the stagnations of the UK's economy should you need it.
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Chart: Retail sales rose in January. Volume & value index, Feb 2020 = 100
Shows since 2021, sales volumes have oscillated around a broadly stable quality, even if prices (i.e. value) have risen
BREAKING: Given tariff ruling, Newsom has said: Issue an immediate refund to all Americans for your illegal tax. Now.
RE: https://climatejustice.social/@GeofCox/116101895925958688
Here's a great concise analysis of the choices the British political class have made that have resulted in a low-skill, low-productivity economy....as Geoff makes clear, this is not an accident of circumstance it is a route chosen....
"A former Deutsche Bank compliance officer told the FBI she was fired in 2018 after flagging suspicious activity in accounts linked to Jeffrey Epstein and Jared Kushner," per the Jacobin.
https://capitalaspower.com/2021/05/cherizola-from-commodities-to-assets/
The "Capital as Power" approach has a lot of extremely good properties. This paper discusses the role of assets and how they should inform our understanding of capitalist economics. Pretty great so far (I'm about 1/3 of the way through)
The vaunted 'Free Market' is largely a fraud. In order to have a true free market two conditions need to be met:
1) New vendors need to realistically enter the market.
2) Consumers need to realistically be able to not just choose between vendors but to be able to walk away from any purchase and forgo the product/service
The rise of the #oligarchs demonstrates how condition 1 fails to be met. Consolidation of businesses under #capitalism inevitably results in the entry cost for any new vendor becoming unrealistically high, leaving a few large companies to dominate the market.
Condition 2 is an even more egregious violation. Consumers can not realistically walk away from purchasing essentials (food, housing, internet, etc) and thus are not participating in a free market but a compelled market.
Thus it is best for essentials to operate under a planned economy with society as a whole operating under a hybrid economy with a private sector only existing where both conditions can be fulfilled.
Nearly 1 in 5 young men in the UK don't have a job, with the unemployment rate for this group now the highest in a decade, per Bloomberg
BREAKING: 1 in 4 unemployed people, or 1.8 million Americans, have been job searching for over half a year, per CNBC
New Mexico unanimously approves comprehensive probe of Epstein’s Zorro Ranch, per Reuters
It's safe to presume that the $3 trillion would go to more tax cuts for the wealthy.
“(if)the average American-because they feel healthy, they’re vital, they’re strong [and] have agency over their future-to start working a year earlier out of high school or work a year later before they retire … it would generate $3 trillion to the U.S. economy.”
- "Dr." Oz
https://brightgram.com/headlines/9373654/dr-oz-says-work-one-year-longer-to-help-us-economy/?utm_medium=National%20Politics&utm_source=albuquerque-nm&utm_campaign=email-evening&utm_content=hp3
#TaxCuts #Oligarchs #Economics
I'm not the least but surprised that US consumers are bearing the brunt of Trump's tariffs. But, wow, I didn't realize we'd be eating 70% of the tax burden while foreign exporters are taking on only 5%.
That translates to about a $1,000 tax increase per US household in 2025
That's a tad different from the way Trump framed them, to say the least.
https://www.cnn.com/2026/02/12/business/trump-tariffs-consumers-nightcap
JUST IN: Trump: there will be voter I.D. for the midterm elections, whether approved by congress or not
Thanks to @HeavenlyPossum I was turned on two these two #anarchist #economics academics.
https://capitalaspower.com/2023/01/bichler-nitzan-the-business-of-strategic-sabotage-2/
In this article, they argue that although we think of businesses as being "in an industry" like "Trek is in the Bicycle industry" the concept of Industry and of Business are not only separate... they are opposite!
I'll explain why I think this is a key insight in a thread.
"The manufacturing boom President Trump promised would usher in a golden age for America is going in reverse," per WSJ
And when we see commentators saying this will now require the BoE/MPC to reduce interest rates, because they will see that they need to do that to stimulate growth.... we should treat this is the same way that we would treat the hope that someone who has just pushed us off the deck of a ship, might now be prepared to throw a lifebelt after us.....
2/2
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze
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Chart: UK GDP compared to similar countries before & after Brexit Referendum.
Shows UK GDP broadly in the middle of similar countries' trend then sinking to below the aggregated range fo comports counties
Full chart & details:
https://adamtooze.substack.com/p/googles-investing-the-economic-cost?utm_campaign=email-half-post&r=4zlk2w&utm_source=substack&utm_medium=email
Trump administration is dramatically expanding effort to revoke US citizenship for foreign-born Americans as it works to curb immigration, per NBC News
The LibDems have an interesting idea..... Deputy Leader Daisy Cooper is arguing for the Treasury to be re-organised into a Dept. of Growth, absorbing the Dept. for Business &Trade; based in Birmingham it would signal a strategic intent to be nationally focussed not privileging the economy of the South East/London.
Some will be disappointed that the idea of growth remains central to the LibDems approach, but this would certainly make for an interesting move if accomplished.
#economics
h/t FT
I'm shocked! Shocked I tell you! It's inconceivable that the gains from #AI are going to corporate profits and not labor wages. Who ever could have predicted such a thing?
And that the trend towards profits over working people has been going on since 1980 is equally surprising. I had it on good authority gains of neoliberalism would be trickling down by now.
https://www.axios.com/2026/02/11/ai-boom-labor-market-jobs
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Graph titled "Corporate profits and labor compensation as a share of U.S. gross domestic product over time with profits generally increasing (7% in 1980s to near 12% today) and labor wages dropping (57% in 1980 to 52% today). Both graphs show a spike in those and directions around 2020.
a large crypto lender for institutions called #BlockFills has apparently blown up levered long - sorry, i mean "temporarily halted withdrawals"
maybe a good time to remember last year when the chairman of #IBKR said a 35% drawdown in bitcoin prices would cause at least a few traditional brokerages to collapse (bitcoin is down almost 50%)
#crypto #bitcoin #cryptocurrency #finance #stockmarket #economics #econ
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A *Walter Bloomberg & .
® @Deltaone | susscrive J cl
BLOCKEFILLS HALTS WITHDRAWALS AMID CRYPTO TURMOIL
Susquehanna-backed crypto lender BlockFills has suspended client
deposits and withdrawals, citing recent market volatility. The Chicago-
based firm, which serves 2,000 institutional clients and handled $60 bn
in 2025 trading, remains open for select trading but is limiting liquidity.
The move echoes past crypto downturns, including the 2022 collapse of
FTX and other lenders. Bitcoin’s recent drop below $65,000—down
~45% from October highs—has intensified pressures, while stalled U.S.
crypto legislation continues to weigh on the market.
The Canadian Who Laid the Groundwork for the Euro
Robert Mundell, a Nobel Prize-winning Canadian economist, developed the 'optimum currency area' theory. His work explored which conditions would be ideal for a group of countries to share a single currency. This research provided the intellectual foundation and theoretical justification for the creation of the Euro, a massive geopolitical project. #Canada #Economics #Euro #NobelPrize 🇨🇦
https://en.wikipedia.org/wiki/Robert_Mundell
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Close up portrait of Mundel at a panel or presentation. Robert Mundell, CC (born October 24, 1932) is a Nobel Prize-winning Canadian economist. Currently, Mundell is a professor of economics at Columbia University and the Chinese University of Hong Kong. He received the Nobel Memorial Prize in Economics in 1999 for his pioneering work in monetary dynamics and optimum currency areas. Mundell laid the groundwork for the introduction of the euro through this work and helped to start the movement known as supply-side economics. Mundell is also known for the Mundell–Fleming model and Mundell–Tobin effect.
Maine shaken by ICE raids as backlash threatens Republican Senate control https://www.theguardian.com/us-news/2026/feb/09/maine-ice-raids #Maine #UsEconomy #UsUnions #UsNews #Economics #Business #WorldNews
BREAKING: Bill Clinton has said: I have called for the full release of the Epstein files.
Nvidia CEO Huang says AI buildout to take 7-8 years, demand "sky high," and no one uses AI better than $META, per YF
BREAKING: Homeland Security has relied on the use of administrative subpoenas to seek identifiable information about individuals who run anonymous Instagram accounts, which share posts about ICE immigration raids in their local neighborhoods.
These subpoenas have also been used
The Department of Homeland Security (DHS) has been quietly issuing administrative subpoenas to major tech companies.
Read more: https://t.co/SFZy84SS0q
Zohran Mamdani has signed a new executive order that requires ICE to obtain a judicial warrant before entering New York City property, per ABC
If you are a Keynesian, or proto-Keynesian then this chart is the key to understanding the continuing flat-lining of the UK economy; the continuing crisis in 'effective demand'.
Static effective demand driven by the costs of living crisis, compounded by the draining upwards of wealth is on of the UK's key problems... and reflecting stagnant productivity.
(Household consumption is a reasonable proxy for effective demand, as it reduces the effect of top 1% consumption).
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UK household consumption has stalled since the pandemic
Quarterly household consumption (£ bn)
Shows pre Covid trend from 2012 & the break in that trend after 2020 where after recovering to 2018 feels in 2022, household consumption has remains pretty level leading to a growing gap from the pre-Covid trend
BREAKING: Newly released Department of Justice documents show that investigators reviewing surveillance footage from the night of Jeffrey Epstein's death observed an orange-colored shape moving up a staircase toward the isolated, locked tier where his cell was located at
BREAKING: The Department of Homeland Security has been quietly demanding tech companies turn over user information about critics of the Trump administration, per TC
They have been requesting to anonymous Instagram accounts.
Read more: https://t.co/SFZy84SkaS
BREAKING: The noose allegedly used by Epstein has never been identified, per CBS, with the noose collected at the scene later determined not the ligature used.
#news #finance #economics #stocks #options
Agrogalaxy's collapse is a global signal. Soaring farm costs + falling crop prices = a systemic credit crunch. This threatens food production, spikes futures volatility, and fuels inflation. 2026's theme: agricultural resilience, not scale. A pivotal macro risk.
#economics #foodsecurity #brazil
https://vir.group/blog/uk/iak-zminiatsia-f-iuchersy-cherez-kryzu-kholdenhiv-ahro-sektoru
Roblox, $RBLX, earnings:
- EPS: $-0.45, est: $-0.49
- Revenue: $2.2 billion, est: $2.09 billion
Reddit, $RDDT, earnings:
- EPS: $1.24, est: $.093
- Revenue: $725 million, est: $667 million
BREAKING: U.S. job cuts totaled 108,000 in January, the highest start to a year since 2009, according to Challenger.
BREAKING: Google, $GOOGL, earnings:
- EPS: $2.82, eps: $2.64
- Revenue: $113,8 billion, est: $111.4 billion
This is not a meme coin.
This is Palantir, $PLTR.
It is down 12% today, nearly 15% on the week.
#news #finance #economics #stocks #options
Does anyone have good literature Recs on, like, money multipliers of public services? I’m thinking like, driving a bus for an hour costs $100 but generates $200 in economic activity and $20 in taxes kind of thing.
The fundamental rot at the core of tech is that both software and hardware have reached commodity status. Any company could make decent, steady money selling stuff that already does what we want for a reasonable profit. But Wall Street doesn't want decent, steady money, it wants EVER INCREASING PROFITS. So tech companies have to invent stuff we don't need, that often doesn't work, and try to convince us to buy it.
This is not sustainable. Collapse is inevitable.
#economics #tech
Most of the commentary on national economies focusses on debt in the public sector as a risk to (fiscal) stability... but for many countries levels of private (household) debt are of similar magnitudes, yet this seems (to financial commentators) less of a risk?
Since the last global financial crisis was caused by widespread problems in institutional treatment of the risk of household default(s) on housing debt this seems, shall we say, myopic at the least.
Alt...
Chart: Counties with the highest household debt; top 35 countries by household loans & debt securities as % of GDP (data from the IMF). Switzerland ranks highest with 125% of GDP, while UK is 11th with 76%... for the rest of the data please following this link:
https://www.visualcapitalist.com/cp/35-countries-with-highest-household-debt/
uspol [SENSITIVE CONTENT]
Scott Galloway Unveils “Resist and Unsubscribe,” an Action Plan for Consumers to Push Back Against Government Overreach
As mentioned here last week, Scott Galloway argued that Americans have one way to reverse th...
https://www.openculture.com/2026/02/scott-galloway-unveils-resist-and-unsubscribe.html#current-affairs #economics
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Scott Galloway Unveils “Resist and Unsubscribe,” an Action Plan for Consumers to Push Back Against Government Overreach
the failure of the right exposes the shared #neoliberalism of the establishment left as having no other answers
"Mainstream politics, from the left and right, has run out of road. What's next?"
Yeah, so with that threat of force are people dumb to avoid alternatives to the dollar? Maybe the incentives still don't add up well enough for regular people to seek alternatives to the dollar.
It is a hard problem.
The dollar currency problem is destroying the viability of most "middle class" American families, but switching to an alternative is nearly impossible for most people to consider.
This is unusual.
Representative Dale Strong disclosed a Jan. 28 purchase of $IREN, a data-center company powered by renewable energy.
It is his first stock trade in three years in Congress.
Strong sits on the House Appropriations Committee and is vice chair of the Commerce,
#news #finance #economics #stocks #options
BREAKING: Powell has said there is no current date for next rate cuts or future meeting decisions.
📚 Hayo just finished reading Boomerang: Travels in the New Third World by Michael Lewis
An entertaining account of the authors research into countries teetering on the brink of bankruptcy after the 2008 financial crisis. It's basically a meditation on greed, wishful thinking and refusing to take long term effects into account when the short term profits are so great.
⭐⭐⭐⭐⭐
🔗 https://hayobethlehem.nl/library/book/boomerang-travels-in-the-c1a194
#BookReview #Reading #Books #Bookstodon #Business #Economics #Nonfiction
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Cover of book: Boomerang: Travels in the New Third World by Michael Lewis
'Have you heard of the Overton window? It's an important concept.
It's something think tanks try to manipulate.'
#hayek #atlasnetwork #MontPelerinSociety #neoliberalism #australia #economics #society
https://www.abc.net.au/news/2026-01-26/atlas-network-mont-pelerin-society-neoliberal-think-tanks/105700628