camilo(@AscendedYield) 's Twitter Profileg
camilo

@AscendedYield

international macroeconomics

ID:1341571258232823809

linkhttp://ascendedeconomics.substack.com calendar_today23-12-2020 02:28:13

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Suella Braverman MP(@SuellaBraverman) 's Twitter Profile Photo

The UK is right to oppose attempts by Ireland to force illegal migrants back to us.

Ireland’s position is intellectually incoherent. No migrant can be re-located to another sovereign state without that state’s consent. 1/2

The UK is right to oppose attempts by Ireland to force illegal migrants back to us. Ireland’s position is intellectually incoherent. No migrant can be re-located to another sovereign state without that state’s consent. 1/2
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Brad Setser(@Brad_Setser) 's Twitter Profile Photo

Japan's trade hasn't that responsive the broad real yen recently (auto exports haven't boomed, probably b/c of China ...) but the real yen still matters there. And Japan's current account is solidly in surplus thanks to investment income on its large stock position

Japan's trade hasn't that responsive the broad real yen recently (auto exports haven't boomed, probably b/c of China ...) but the real yen still matters there. And Japan's current account is solidly in surplus thanks to investment income on its large stock position
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Brad Setser(@Brad_Setser) 's Twitter Profile Photo

Just a reminder: the Japanese government has bought $1.2 trillion of dollars and euros since 2000 and is currently sitting on one of the biggest trading profits from fx in modern financial history

Just a reminder: the Japanese government has bought $1.2 trillion of dollars and euros since 2000 and is currently sitting on one of the biggest trading profits from fx in modern financial history
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camilo(@AscendedYield) 's Twitter Profile Photo

Funniest thing is that Tunisia has Islam as the state religion, this isn’t even a secular state but they seem to be more reasonable on these issues than Britain

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camilo(@AscendedYield) 's Twitter Profile Photo

Monetary policy transmission mechanism in action

Construction firms rely on borrowing to finance projects (higher cost of capital) and their buyers also rely on credit (mortgages) to make purchases so demand is going down

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