Despite the tweet, the title and introductory paragraphs blaming workers, the actual stat they share is: “Unit profits increased by 9.4% [in Q4] and contributed more than half the domestic price pressures, while unit labour costs increased by 4.7% and contributed less than half”

Tune into the newest episode of "Catch up with Louise McSharry " in conversation with #WeConsent manager, Sarah Monaghan 💬here open.spotify.com/episode/6BYI1p… Dublin Rape Crisis Centre #consent

The table below shows the annual increase in residential rents across a group of EU comparators and Ireland between 1997 and 2022. Red = average annual rents up by 5% or more Green = increasing by 2% or less Yellow = rents falling Spot the outlier.

On a 12-month basis, €24 billion of Corporation Tax has been collected. It is now heading for €5,000 on a per capita basis with most of this paid by foreign-owned firms. It is unclear where the peak will be as it continues to go in only one direction.

I really hope there’s a team in some Government department getting ready to analyse, rank and purchase commercial property at steep discounts and convert it to (emergency) accommodation, if/when the market turns.

Amazing how quickly the possibility of profit-driven inflation went from ludicrous to established. bloomberg.com/opinion/articl…

Pepsi. 14% revenue growth. Virtually no volume growth. investor.pepsico.com/docs/default-s…

I can finally say it: I settled the bet early with Balaji! Took some time to work out the details but he proceeded in good faith and you can see the receipt of funds on chain in the next tweet. $500k to me (so I get 30% post tax as planned) and 500k to GiveDirectly💸

Good thread on why solely "affordable" housing isn't the way to go

The EU's new fiscal rules are based on GDP, so they'll barely apply to Ireland because our GDP numbers are half make-believe. Handy 🤷 irishtimes.com/business/2023/…

In this week's newsletter: The next budget will see the government faced with huge amounts of spare cash, but very few ways to spend it well. My argument that the surplus should be saved: petertanham.com/the-wrong-time…

This is very cool

The Bloomberg survey of professional investors shows that 90% think that “companies on both sides of the Atlantic have been raising prices in excess of their costs since the pandemic began in 2020. “ Almost four out of five said that tight monetary policy is the answer 1/

The Dublin Rape Crisis Centre has launched a new online anonymous platform where survivors can share their stories. Dublin Rape Crisis Centre We-Consent @RCNIreland Women's Aid NI hotpress.com/health/dublin-…

⏰Only 3 days left to apply for ‘Founders’, Ireland’s Talent accelerator! 40 exceptional individuals. €100k seed investment. No idea needed. Plus, €2,000 monthly stipend. 💸 What would you do if you weren’t afraid? Deadline is this Sunday at midnight. apply.joinfounders.co

Mhm there are quite a lot of books describing what’s wrong w the European macroeconomic construct but I don’t know one that pulls the story together, so I will try in a thread: /1

We should build loads and loads and loads of houses that look like this. Millions of them. Make them cheap as chips.

You can find me at threads.net/@PeterTanham