Happily, European banks are much less reliant on dollar wholesale funding than they were before the global financial crisis -- and with new opportunities developing in Europe, don't necessarily need a big dollar book going forward 1/3

It's really not: It's a robust empirical finding that countries that industrialize later peak at lower trend rates of GDP/head because the industries they acquire already have a higher level of mechanization. This is why the Chinese growth story is so impressive.

The important thing to understand about energy CEOs is that four years ago Larry Fink offered them a chance to enjoy permanent cartel profits forever if they just said the words “ESG” in unison as an excuse to cut capex and most of them were too stupid to take him up on the offer

There aren’t a lot of truly interesting USSR era photo books but I’ve been scanning this 1977 collection of nighttime cityscapes in the Nevski district of St Petersburg and it’s seriously so breathtaking and dreamy.

After I posted this, a few people reached out and asked if they could send me their family film slides to digitize and/or preserve. The second batch I received was from the Hartmann & Goldstein family. Many of the images look like stills from a movie.

the thing with lynch is that while people talk big about his works being super cryptic, theres usually a scene where he straight up tells you the meaning of it all.

wonderful blessed creatures who make our world sound beautiful

Astonishing, Joe and Tracy have been churning out almost an episode a day. What frustrates me in the episode with Setser is the unexamined assumption (prevalent even among the very, very smartest like Brad) is that cutting out China is good (just not the US alone approach)

Very relatable sentiments from Joe Weisenthal

The other thing that drives me crazy is people recognizing this and then saying something “it’s cheating because there’s extensive state support” rather than seeing that as potentially a lesson to be learned from.

I've always found Garden of Earthly Delights absolutely shocking for a 16th century painting. It must have been so bewildering to people. I feel like Bosch must have legitimately witnessed Hell at some point in his life. This kind of inspiration seems wholly original.

Un plaer parlar amb @claraemattei sobre 'El orden capital', una obra exemplar d'història econòmica que demostra com rere els objectius macroeconòmics de l'austeritat s'amaga un propòsit molt més polític: aïllar el capitalisme de la democràcia vilaweb.cat/noticies/clara…

Why is everything in America like this. You walk into a grocery store in this country and it has a banner proclaiming it's more than a grocery store, it's a vision of a better future for everyone. Why do we have to lie like this

brian wilson made secular music that sounded religious, like prayer </3 one of my earliest musical loves

Pet Sounds is the story of the desire to experience the world like how you think other people do and the crushing feeling that it’s leaving you behind

The post-WWII world is dead. The Pax Americana, growth liberalism, the rules based international order, the humanitarian limitation of state violence, the outlawing of ethnic and race-based group annihilation: Gaza is its graveyard. The arc of history bent back toward genocide.