Paolo Bernardi
@paolobernardi
“Only time can heal what reason cannot.” Seneca Neminem Laedere Environment Economy International policies Energy Agriculture Human and Animal Rights Allergic to dictators Never advice
Italian Foreign Minister Tajani says Italy will stop responding to provocative remarks. Meanwhile libertarian newspaper Il Foglio front page
I would stick to the much slower actually. Nominal wage growth is just a little slower but is the inflation up that brings stag-lite vibes. From +1.3% to -0.7% QoQ. It can change quickly, though. Problem is which way.
Meanwhile we truly turned the clock back a century... it is 1926 everyone on margin what can go wrong...
They did not changed the rules.. but they did.. @keubiko.bsky.social
Things are going well in the Gulf... except some holes in ships like no one has ever seen before. MSC Sariska V hit close to Umm Qasr - Iraq (Northern part of the Gulf).
SoftBank… is the largest Japanese company now. I could elaborate my thoughts but best not to.
Fun chart: US 10Y Bonds yield from 1912 to now. Viewer discretion is advised.
Highly recommend listening to Odd Lots @tracyalloway.bsky.social and @weisenthal.bsky.social chat with prof @mazzucatom.bsky.social on how to make progress for everyone. The role of a good P.A. What is Public Value. US goes opposite way (@adamtooze.bsky.social) podcasts.apple.com/us/podcast/o...
Allow me to be a little less enthusiastic about today’ BLS on employment. It’s a beat compared to low consensus expectations. Avg hourly and weekly earnings Year On Year and Month on Month is down. More so inflation adjusted.
Perhaps the best post of the week is from the boring site. The way to get out from the conflict is to follow the steps indicated by The Happiest Toddler On The Block book.
A great signal that consumer spending is doing great like no one has ever seen before. PS don’t ask anyone in this Admin to do the math, they have their own way…
It is supposed to be opening maybe limit exceeded. Hopefully I am not upsetting the FT gods but attached
@matt-levine.bsky.social and @kgreifeld.bsky.social cracked me up with everything adding an AI. The best is not Allbirds is Myseum ai... a wedding... planner? Where guests taking pictures are the ... photographer?
One of the very best if you treat it well. But very sensitive to coffee grinder and technique. I have one and restored couple years ago. But coffee machines are very personal stuff. Also I am noticing I like things that are as old as me. And birds are starting following me…
Update from Lars Jensen Ship Intelligence (to me the most reliable source in worldwide shipping events) from the boring site. He suggests that US vessels in the Gulf in and out is very much disputed; information coming from either party looks unreliable as they spoof and twist trackers.
@adamtooze.bsky.social podcast very interesting about Iran. The Iran “MAGA “ now run the country and that will make things very hard to reconciliation particularly with an Israel also gone rogue. 2 screenshots of the transcripts are telling. podcasts.apple.com/us/podcast/o...