Este año he estado en las asambleas anuales del FMI y el BM en Washington. Comparto mi análisis para Real Instituto Elcano Mucha incertidumbre, desaceleración económica global y cisnes negros realinstitutoelcano.org/analisis/nubar…

Grande Rulo! Usando bien la cabeza desde la 13/14 cuando sumó tanto en aquella Liga épica del Atleti... Aunque se lía un poco con el impuesto al patrimonio 😅, demuestra ser cabal, buen ciudadano y buen tipo 🔝👍

Amazing story. How Musk's idiocy could be helping the common good for the wrong reasons. Many people would now be discovering Big Pharma's exploitation of a flawed Intellectual Property legislation.

En 2035, estará prohibido vender coches diésel y gasolina en Europa. Charlamos con Nuria Blázquez, Xavier querol, Isabel González, Mario Rodríguez y David del Val sobre si esto supondrá el fin del automóvil. 🎧¿𝗘𝘅𝗶𝘀𝘁𝗶𝗿𝗮́𝗻 𝗹𝗼𝘀 𝗰𝗼𝗰𝗵𝗲𝘀 𝗲𝗻 𝟮𝟬𝟱𝟬? 👉spoti.fi/3Twpdks

Lagarde acknowledged Central Banks' induced recession won't bring inflation down.

Today European Investment Bank Debora Revoltella's group of Chief Economists and shared James Davis's super granular 🔍work on #supplychains ⛓️, impact of war and energy📈and inflation Our finding:🆙to 8⃣0⃣% of 2022 prices ‼️due to shortages 👉high affinity here on #supplyshocks driving economic outlook

Quédate con el mejor estilo de vida del mundo. Ah, solo si eres rico. #PolòniaTV3

Can we argue that headline-like-tweets wondering about spurious correlations bring many visits and impacts to their authors?

En la presentación del informe sobre política industrial del Future Policy Lab Muy pertinente el día que la comisión plantea relajar las exigencias sobre ayudas de Estado... It's now or never

How can AT1 bonds be zero'd when they're more senior than equity which is getting paid 2bn, you ask? Because bondholders agreed they could be. Here's the section in the $CS 9.75% AT1 prospectus (don't worry if you weren't aware, half the holders prob haven't read this either):

So it turns out that CS AT1 bonds absorption mechanism always was a Principal Write Down subject to supervisory judgement, but we chose to simplify all CoCos as just "senior to equity"... ah, the perks of oversimplified nuanced stuff!

I’m puzzled by all the fretting about China trade shock 2.0. First, a subsidy war in EVs and batteries is actually a good thing since there is no global carbon tax. Second, we are no longer in hyperglobalization. Importing countries are free to respond. Remember the Japanese

In a terrible take that makes numerous easily avoidable mistakes, The Economist says: "the ICC should prosecute only when states are 'unwilling or unable to do so genuinely'. Israel is a democracy with an independent judiciary." This is legally & factually incorrect. Short 🧵👇

A little disappointed that Bloomberg and John Authers retell this myth ignoring the ECB's depo cuts in 2014, 15 and 19 as well as the additional QE in that period... but it is probably too nice a story not to tell.

One big point amid all the headlines: I was texting with press secretary Karoline Leavitt during the event and she confirms that the 34 percent tariff on China is ON TOP of the previous 20 percent. So that means the rate on China will be *54* percent when these tariffs take