Clem Fon

Post 2010 Germany "economic success" would have been very different witout €financial capital flowing back to Frankfurt during the crisis and China industrial demand.

Take these two elements away and German growth model look more like Deutschbahn reliability than ordo liberal Mittelstand fantaisies

Oh, I just saw a cognitive dissonance

Pour ceux qui ne l'auraient pas encore vu, cet hommage IA de l'ancienne ministre des Anciens combattants, avec deux Bretagne, plus de Marseille, Madrid française. Et un magnifique casque type Stahlhelm 1935 pour honorer la mémoire des poilus...

EPP's leader Weber going full orwell 1984 double speak.
How dares he talk about strenghtening environment and parlementary democracy while his main strategy today is allying with far right parties to dismantle sustainability norms?
I would laugh if i would not be furious

Robinhood wants to allow amateur traders to invest in AI start-ups US broker plans to offer shares in a fund that holds a handful of private artificial intelligence companies

What stage of the Ponzi scheme is it when Robinhood wants to allow "amateur traders" to invest in AI startups? www.ft.com/content/7278...

So it's a double foolery for the underpriviledged ones: believing that ALL university degrees have value on the job market + believing that getting these degrees with IA overreliance, without developping genuine skills, can secure you a permanent interesting job.

As a uni professor it's hard for me to say that unviersites degrees are intellectually worthless but I agree with you that it's always a good thing to expose crerdntialism. Now the sad thing is that most of these non Ivy league social sc degrees were already not having much value on the job market.

I would rather say that the wicked IA impact on honest students/workers is that they have to demonstrate that their work comes from genuine personal thinking much more than what we had to.

Relying on LLMs to get your diploma and is similar to forging PhD research for boosting your political career in Germany

You think it creates shortcuts and notability for getting the top job. But as you are only interested in the CV line, you don't learn anything.

And one day, you are exposed.

Au fait, pour visibiliser davantage l'inculpation de Didier Reynders, ancien ministre MR des finances belges pris en plein délit de blanchiment d'argent au café tabac du coin alors qu'il était occupé au bailout des banques, on pourrait savoir s'il arrive à se cuisiner lui même des oeufs en prison?

Tired: every inflation forecast is wrong .
Wired: every other economic forecast is wrong.

Deutsche Bank explores hedges for data centre exposure as AI lending booms Executives discussing options including shorting basket of artificial intelligence stocks or using derivatives to transfer risk

If Deutsche Bank acts like during the 2007 Global financial crisis, they will sell AI related financial products to their clients while shorting AI with proprietary trading
www.ft.com/content/c042...

In other words, sheer stupidity and the protection of a small set of priveledges for a small set of individuals should never be underestimed as drivers of conservative politics.

Its a paradox if there was a bit of strategic vision. It ceases to be one if we consider that the current anti ecological backlash is driven by revenge, some kind of priviledged conservative nihilism,an inability to see beyond a 2y horizon when it comes to profitability margin.

My more elaborate take on why the Dutch election outcome does not represent a defeat of the far right

Coal burning for building solar panels is less problematic than for building suvs.

Could you describe how markets move from euphoria to panic when a bubble bursts?

Yes, of course. The shift occurs when more market participants starts to bet that the golden bullshit will be perceived more as bullshit than gold by other market particpants.

Do we have indicators?

Some.

Why do rustbelts vote radical right? Studying the German Ruhr area, @nilsblossey.bsky.social, @lstoetze.bsky.social and I show: it’s not just about deindustrialization, but also about the original industrialization. Where coal is buried deeper and mining started later, the AfD is stronger today 1/12

This and some cleavage theory to make your framework more dynamic (what was the voting pattern before afd and why did they start to voye afd) and we have some super intersting takes here

🚨 I am delighted to announce that Tom Turnbull’s and my volume with @stanfordpress.bsky.social is out today, featuring Jennifer Eaglin, Victor Seow, Shellen Wu, Antoine Missemer, Giuliano Garavini, Michael Dobson, Laura A. Twagira, Damilola Adebayo, Troy Vettese, Liz Chatterjee, and Rebecca Wright

Google, the world’s largest search engine operating three in four smartphones, has played Brussels like a fiddle – shaping laws, silencing rivals, and calling it "innovation". The chart shows how Big Tech bankrolls Brussels’ top think tanks.

Read our latest story here: www.ftm.eu/articles/goo...

Fossil fuel compagnies will keep on exploiting global labor, burning the planet and dismantling sustainablity regulation until the morale improve.
Also, I hope that the main cause for our inability to reverse our collective trajectory to ecological disaster is clear for everyone by now.

I enjoyed doing this. www.ft.com/content/b003...

CNBC headline: "Elon Musk’s AI-powered Wikipedia competitor goes live after a rocky launch". I've struck through "AI-powered" in red, and replaced it with "Wikipedia-powered"

Grokipedia attribution text: "The content is adapted from Wikipedia, licensed under Creative Commons Attribution-ShareAlike 4.0 License."

fixed that for you

Rate hikes did nothing to stem the 2022 inflation the IMF finds. But they did wreck green transition momentum, and fed back into the pre-pandemic status quo of deregulation, debt-obsession, social cuts and corporate largesse

I caught flak for using the word ‘sabotage’ at the time, but I stand by it

Victor Wembanyama and the undefeated Spurs are just getting started After Monday's rout of Toronto, the superstar has the Spurs on the path to contention — and perhaps with some MVP hardware in his immediate future.

"Mort, you talk about Victor Wembanyama too much!"

Oh, do I have bad news for you, friend.

My latest on the league's maybe, potentially MVP.

sports.yahoo.com/nba/article/...

Ensuite, ca fait quelques temps que Lordon diffuse des carabistouilles à base de Spinosa, désirs et capitalisme

But according to the EU Taxonomy, burning Finnish trees is quasi almost always sustainable (like gas, flying planes and sailing cargos with minimal % of biofuels,...)

power sector ccs: high projections ,low performance

Carbon capture for power stations specifically is just as subject to the overall dynamics of CCS: it never materialises like it's expected to.

Here's a new chart for ya: each blue line is what *should* have happened based on each report's planned state dates.

Black line: what happened

Central Banking for the End of Times Frankfurt measured the risk, Beijing moved the money, and Washington looked away.

When central banks were asked to "do smth" about climate, the Fed sat it out, the ECB experimented then retreated but the PBOC planned green and brown money at scale. geoeconomic.substack.com/p/central-ba...