Marat Markert
@maratmarkert
Interested in Money, Monetary Policy, Central Banks, EU Politics & 🛹
Primary surplus: which country has been running for most years a primary surplus over the last decades? Italy.
In the run up to the Eurozone crisis, Spain had lower debt to gdp than Germany. This is just a poor attempt to retrofit the old morality tales about frugals vs profligates. Also: why focus on the numerator (debt) instead of denominator (GDP)? Ireland has overinflated GDP...
When the objective was to create a common repo market in government bonds, treating all sovereign debt the same (haircut), was not a leap of faith. That was *creating* a sovereign debt market.
This is nonsense: deposits are liabilities of banks, and when customers shift to stablecoins the deposits are just transferred to other banks (where stablecoin issuers are clients). After all, if stablecoin issuers are in the monetary union area they issue stablecoins in return for deposits..
This will probably not cause shock and awe on the EU's side. Not b/c this TACO strategy is predictable and wearing thin; but because by accepting Trumps language (calling everything "deals" instead of treaties or agreements) the expectation that he will rescind is already baked in.
2) Given size of NL Pensionfunds & sums at stake, maybe some distrust in other regulators is warranted, and Dutch regulators shouldn't be off the hook so easily.
Reading this, I have two thoughts: 1) Are we really better off to include ever more financial intermediaries with profit motive in a system that is essentially based on solidarity (i.e. the current working generation pays for the current retirees), not on investment portfolio "performance"?
Meanwhile the people that *made* Claude ran an experiment with Claude, to see "if it cares about its continued existence" www.anthropic.com/research/age...
Dus de voorspelling dat hypotheekrente niet mee stijgt lijkt onrealistisch. www.bnr.nl/nieuws/econo...
De kapitaalmarktrente wordt direct beïnvloed door beleidsrente: ECB verhoogd DFR? => rente op benchmark assets zoals overheidsobligaties stijgt ook (yields op 10jr NL obligaties ⬆️). Verder is de hypotheekrente afgelopen maanden gestegen door geopolitische spanningen, terwijl beleidsrente = bleef.
Spot on characterization of the intent behind cancel culture: its not about freedom of speech; it's the claim that one can no longer endorse a dominant culture and identity openly. Hence the stories about cancel culture (and pc culture before) always implying a rosy past at universities 1/
"Neue politische Angebote schaffen". Step 1: Joschka Fischer's Metaphern kopieren #souffle
Like the German weekly (Der Spiegel) who has every 10-15 years a cover with "robots taking your job ....any moment now"
Exam (trick) question: based on the money multiplier, does the following scenario constrain bank lending? www.nu.nl/economie/639...
That was the argument in this piece (critical review of the CA version of Triffin) www.bis.org/publ/work684...
Very good long read - could screenshot every other paragraph, but as Pavlos suggests: read this.
Das ist doch rage bait, oder? Typ der Pflegekräfte so günstig wie möglich anstellen will, über Zocker beschwert und selbst Unternehmen leitet, dass Profit für einen niederländischen Fond machen muss.
Capital markets and bank lending don't foster growth, innovation, productivity, but austerity does? So what's the point in "progressing with savings and investment union"?
Dhillon's observation of the strategy behind condoning violent migration policies is very much fitting the VVDs strategy:
Wood is explicitly excluding this right at the beginning. So, time for me to educate myself. (Tried some time ago dialectic of enlightenment and gave up couple of pages in; hope Held's volume will do the job to get me up to speed).
Of course the lessons of 2008 were learned: instead of pretending that the securitized assets (sliced & diced) are safe, SRT investors want de-risking by having tbtf institutions holding on to some of those assets, thereby ensuring a bailout further down the line.