Paul Bali

They predicted 6% in November which was fanciful to say the least... But revised down to 4.5% this month as investment figures continue to flag

Goldman's growth figure for China doesn't make any sense -- until you realize that growth figures are just bargaining chips in their relationship with the govt there. If they predicted 2.5% growth - which is more accurate - they would face heavy criticism from govt officials -- & lose access...

9/11
More importantly, the "right set of reforms" include reducing investment by at least a quarter, and probably a lot more, and reversing the transfers that made consumption so low (and manufacturing so competitive).

Another understated obstacle to industrial policy is that it requires a lot of reading, and qualitative scholarship, which economists and policymakers tend not to like

Some interesting thoughts in the final chapter of this book, which also remind me of Xiaohuan Lan's final conclusions. Successful industrial policy requires that policymakers think about fostering ecosystems or 'communities of interests', rather than getting hung up about the state-market dichotomy

Is this the way the world ends? Romantic relationships with AI models will not heal the disconnect between young men and women

This whole gender gap thing would disappear overnight if people just spent 70% less time scrolling their phones giftarticle.ft.com/giftarticle/...

Stimulating the semiconductor industry

More like this - "EU invests €700 million in newly opened NanoIC, Europe's largest Chips Act pilot line" digital-strategy.ec.europa.eu/en/news/eu-i...

Pot, kettle. National governments have blocked all progress of the EU internal market for 20 years. Deregulation is not the answer, breaking down national barriers is.

Scottish Labour leader to call for Starmer to step down Anas Sarwar’s intervention deepens crisis facing UK prime minister

Starmer is done www.ft.com/content/343c...

"Your honor, in my defense, I was advised to do it!"

"He advised me to do it!" isn't the defense they think it is

If I were Takaichi, I would simply make r go down, and g go up

Ah okay had to google this one

fry from futurama is shown in a close up ALT: fry from futurama is shown in a close up

Me reading your posts expecting there to be a pun laced somewhere in there

Has America become fascist? The answer might surprise you.

German manufacturing shows clear signs of a turnaround as new orders surge. This is good news for Germany and for other countries at the heart of Europe’s industrial core.

Kabine neden değişmemeli! KABİNE değişikliği olasılığı, her zaman iş yapan tartışmalardan olmuştur. Bu kez, konuya tersten bakanların argümanlarıyla yaklaştık. Bize mantıklı...

Another great column by Nuray Babacan. She raises a crucial issue: the marginalization (and weakness) of ministerial roles in Turkey in recent years, which has contributed to tarnishing the AKP’s foundational claim to be the party of the people.
www.nefes.com.tr/yazarlar/nur...

Seems bad

De befaamde "political economy constraints"

Ik ben nog steeds voor het Singapore model #Rijksbouwbedrijf

Dit is net als met China. Het IMF en elke andere economische organisatie van niveau zegt 'je moet xyz' doen om je economie opnieuw in balans te brengen. En elke econoom vraagt zich af waarom de Chinese overheid dat beleid ("stimulate demand") dan niet doorvoert. Maar Nederland is precies zo...

Bringing euros to a weaponised currency fight In monetary matters, the EU must live up to the current geopolitical moment

Europe needs to get serious about providing global public goods

giftarticle.ft.com/giftarticle/... Bringing euros to a weaponised currency fight

Man, this guy is just the real fucking deal. Shakespeare in the hands of an expert is just amazing

Yesilgöz gaat naar Defensie en wordt vicepremier • Oud-informateur Letschert (D66) naar Onderwijs In dit liveblog lees je het laatste nieuws over de formatie van een nieuw kabinet.

Kaliber Karremans had nooit aan de knoppen mogen zitten

nos.nl/liveblog/260...

"EM sovereign credit spreads have rallied significantly over the past 12 months, driven by resilient EM growth, sturdy risk sentiment, an expectation of stronger fiscal positions in many EMs over the next 12 months and a steep decline in the dollar."

-TS Lombard

Ime people dont want to use it because they know it could replace them

McSweeney surely finished. Starmer’s fate, now in serious doubt, now essentially in the hands of the ISC and what is in those documents.

Yea but he was already on weak footing…. If he had actually done a better job, had better numbers, this couldn’t have have been a lethal blow