Migration of millionaires in 2024 [🗾 Visual Capitalist]

This is a thread on Trump's latest barrage of tariffs: 1) What are they? 2) Who is most impacted? 3) And what are the Asian economies going to do about it, short-term and medium term? Andy Sharp asia.nikkei.com/Opinion/Vietna…

The $84 billion deficit that the US has run with Ireland in pharmaceuticals on its own accounts for about 1/3 of the total US bilateral trade deficit with the EU -- pharmaceuticals collectively are about 1/2 the deficit 1/

I have a piece in Intereconomics on what Donald Trump wants from Europe on trade--and what Europe's response should be. My opening here and my closing plus a link in the next post.

The pink paper isn't cheap, but it is a bargain -- Absolutely superb reporting on the biggest story around (other than the tariffs) ft.com/content/0bf5bc…

If there was any doubt about how Ireland nearly doubled Eurozone's GDP growth in Q1...

A few reactions to a thought provoking post from my friend Adam Tooze over the weekend. Some rather technical reactions, but also some big think reactions -- 1/ adamtooze.substack.com/p/chartbook-38…

Lots of signs that the trade negotiations with US allies aren't going especially smoothly (the Japanese signaled through the FT that any deal was unlikely before their elections). This shouldn't be a surprise -- the Trump "offer" isn't particularly appealing 1/

I could have never conceived that the U.S. President would be far more aggressive against a great university than he would be against a Russian dictator engaged in invading a U.S. ally. Why is it smart to starve cancer research, students on financial aid, innovation in public

At a time when people are understandably focused on the daily chaos in Washington, these articles describe the rapidly accelerating impact that AI is going to have on jobs, the economy, and how we live. axios.com/2025/05/28/ai-…

ukrainian social media today:

Ein paar Gedanken zum Manifest der 'SPD-Friedenskreise'. Die Einleitung beginnt mit einer pflichtschuldig anmutenden Verurteilung des russischen Angriffskrieges. Die Verletzung der Menschenrechte im Gaza wird angemahnt, wobei weder die Hamas noch Israel erwähnt werden, wer diese

1. Trump's tax cuts overwhelmingly help the rich 2. His spending cuts are targeted at the poor 3. Tariffs cost the poor a larger share of their income Roll these three regressive policies together and you get the largest redistribution from poor to rich in American history.

Very good

This is great

I generally agree with the distinguished economic historian Barry Eichengreen. But I think he is a bit too pessimistic here -- the euro has its limits, but I suspect it would work reasonably well as a vehicle currency that lubricates global trade and finance 1/

To a worrying extent, the US stock market is driven by a group of huge global tech players, whose revenues are 40 percent global. Economic indicators that are closer to home tell a more modest story.

The Economist is wrong here. Doubling down on failed policy.

It has become received wisdom in Brussels and Washington that there is a new “euro-sclerosis”: that the EU economy is lagging the US This view is wrong A little primer on the measurement of productivity – and why reports of the economic death of Europe are greatly exaggerated🧵

The Belgian PM exposes Politico for the pro-war propaganda rag that it is. Beautiful.