bbc.co.uk/news/articles/… ⬇️⬇️⬇️

"Government borrowing costs around the world are spiralling, but the United Kingdom is in a league of its own. Yet talk of an IMF rescue is misguided. Investors are on their own." Latest from me at Reuters Breakingviews : breakingviews.com/columns/big-vi…

Essential!

Go!

An absurd situation - more so than ever in the current geopolitical set-up.

With important implications for China’s role in the international financial system and development finance - see here for more: cgdev.org/blog/chinas-be…

The value of sticking to one’s principles - even if it makes fundraising harder: accusations of motivated reasoning can be simply and categorically disproved.

The Twlight of the Arbs reaches the UK ... on.ft.com/3KarXow

Seconded! If you are an economist or other social scientist with some background in econometrics but unfamiliar with double descent, this is an extremly comprehensible - and eye-opening - introduction.

😬

"It is tempting to blame incompetence, bad faith, or even the enemy within for the failure of elected leaders to make good on their policy promises. The real culprit may be more mundane." Latest from me at Reuters Breakingviews: breakingviews.com/columns/big-vi…

A more informative comparator for assessing what is do-able in the UK might be Sweden: 67.4% in Dec 1996 32.1% in Sept 2024 That despite 2008 and Covid effects.

"America First is coming for the Fed. But the real problem with the Trump administration's shake-up of the US central bank is not that it's excessively radical. It's that it doesn't go far enough" Latest from me at Reuters Breakingviews :

marginalrevolution.com/marginalrevolu… but also ... ⬇️

"The US stablecoin plan may permit a kind of reversion to the world of exchange controls - distinguishing between transactions flows and financial flows across borders." Latest from me at Reuters Breakingviews : reuters.com/podcasts/the-b…

Beautifully done! That's it...

Essential watching !

"“A sound monetary policy needs to be buttressed by a prudent fiscal stance” was UK finance minister Nigel Lawson’s understated verdict on the trauma of the previous two decades in 1988. It looks like we are about to rediscover what he meant." Latest from me at Reuters Breakingviews:

LLMs as the two old guys from the Muppets... might be correct. actually: probably correct. scratch that: very likely correct. it's certain!