Nipho Madondo

why am i only just now finding out that common put out the be instrumentals and they are everything i hoped they would be.

From a few years ago, but this from @deanbaker13.bsky.social is exactly right. The problem isn’t China stealing “our” intellectual property, it’s patent owners stealing humanity’s collective knowledge from the rest of us. www.ineteconomics.org/perspectives...

it's enough of a nazi salute that everybody recognises it as one but different enough that he can say it isn't... and that's the point.

James Bond movies never show the part where the supervillain collects government subsidies to build his death tech.

Either you are a “credible Treasury Secretary who has a real understanding of the global economy,” or you talk to <checks notes> Stephen Moore weekly. The latter is incompatible with the former. But I’m just a small-town international political economy professor, so 🤷‍♂️

nymag.com/intelligence...

Bill Hwang Sentenced to 18 Years in Prison in Archegos Case Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a ...

what bill hwang did was definitely market manipulation. there was just no exit strategy - which makes it dumb market manipulation but market manipulation nonetheless.

www.bloomberg.com/news/article...

major economies around the world have set deadline for phasing out IC vehicle. toyota is not going to keep manufacturing ICs just for the south african market.

ICs will die and EVs will take over. this is a fact.

www.iol.co.za/news/politic...

From the NYT on the slow choice for the treasury pick www.nytimes.com/2024/11/17/u...

The unconventional economic theory behind Trump’s sweeping tariff plans Michael Pettis, a Wall Street veteran who teaches finance in Beijing, says mainstream economists are wrong about trade.

i agree with @michaelpettis.bsky.social analysis of the causes of the trade imbalance here but i don't think tariffs are an effective solution (tbf, i'm not getting the sense from the reading that he does, either). they didn't work last time.

www.washingtonpost.com/business/202...

"Real Wages" and Aggregation: A Methodological Mess “Real wages” are often presented as a neutral measure of the ability of households to buy definite quantities of real goods after adjusting for changes in both prices and wages. In reality, "real wage...

If you want to say the economy is great and its only media ecosystems that could get someone to think otherwise, you should be forced to read this article from @alexwilliams.bsky.social 3 times in full before attempting that
www.employamerica.org/researchrepo...

as a south african, the most interesting information here is that nebraska was the first state to divest from apartheid south africa.

they are selling dollars for 45 cents.

as good a day as any for grant greene.

Jane Street invested in start-up turning China’s noodle shop sales into securities Micro Connect has amassed wealth of real-time data on China’s economy by financing small businesses in exchange for revenues

FIRE people may have just actually made a good thing.

www.ft.com/content/112b...

Drives me insane that people are called fiscally responsible for wanting to balance the federal budget, which would be very fiscally irresponsibile

i am going to force myself to post more often here. who will actually see my posts? i don't know but honestly, i don't know who sees them in the other thing, either.

UK super-rich would be ‘bored to death’ in tax havens – survey Interviews with top earners reveal many are too attached to UK’s cultural institutions and fear stigma surrounding economic migration

If you tax them, they will leave…not so, we find in our new report published today @LSEInequalities There is a stigma to tax migration, even among the rich w/ Victoria Gronwald, Andy Summers and Emma Taylor

www.theguardian.com/money/2024/j...

i think it's more accurate to say, "austerity leads to less support for mainstream political parties." this does not necessarily need to be the far-right - but it usually is.

Reminder that Gabriel is a raging Islamophobe who helped ban the abaya in French public schools. His popularity stems directly from how hostile he and France are to Muslims. Bigots are still bigots even when painted in rainbows. Let’s not pinkwash a bigot and his institutionalized Islamophobia

The distance from "Israel should be a state for Jews only" to "a black woman is obviously unfit to be a university president" turns out to be a very short one.

I’m always glad when I encounter a retail employee doing something weird and inappropriate, like wandering away from the cash register mid-sale to play with their dog. Means the labor market is still tight.

Some borders are less substantial than others. I took this photo in Norway. The reeds on the other side of the river — they're Swedish.

tweet from elon musk about german ships saving refugees

tweet from german foreign office saying they’re saving lives. elon responds: So you’re actually proud of it. Interesting. Frankly, I doubt that a majority of the German public supports this. Have you run a poll? Surely it is a violation of the sovereignty of Italy for Germany to transport vast numbers of illegal immigrants to Italian soil? Has invasion vibes … 🤨

the antisemitic richest man in the world is quite literally aligning with right wing germans, so yea my ancestral alarm bells are going fucking nuts

Mark your calendars for 2028: FOMC transcripts on Biden joining the picket line should be interesting.

as i, once again, shout into the void.