You know it’s bad when the S&P is putting more pressure on Israel than Biden bloomberg.com/news/articles/…

Saw some austerity-brain IMF content about the tradeoffs between green spending and 'debt sustainability.'

I put together a pretty short, kinda-Keynes-inflected primer on why the IMF Fiscal Monitor's economic theory is incoherent:
tanjasail.wordpress.com/2023/10/06/a-w…

Saudi concerns about Jordanian “stability” are growing

An important thread that lays out a consistent pattern of behavior. This cannot be chalked up as an unfortunate accident. It is the product of deliberate policy choices.

cambridge.org/core/journals/…

i love that that Lisa Wedeen's work on authoritarianism in Syria was used in a sociological study of private equity bubbles in the US by Catherine Turco & ezrazuckermansivan.bsky.social

Short thread:

President Biden won't announce these simple moves in the State of the Union tonight.

But if he changes his mind, Biden has authority to do the right thing: stop the war in Gaza, send aid, and end US complicity with war crimes.

1/6

Egypt: What has happened so far today versus what was expected?
1. Currency float ✅
2. IMF deal ❓
3. Higher interest rates ✅

I don't think that's what the term means lol

A couple points made by folks who see finance as parasitic on industry, contra the argument Scott and I make in our book, which I think are worth commenting on. To take just three of the most common: 🧵

Really excellent piece by Gregory Brew, who I have learnt much from reading, on why Houthi disruptions in the Red Sea haven't really impacted oil prices.

Persian Gulf looks to export energy oil/gas while Europe is increasingly importing from the US.

China sends warships to Middle East as Houthi Red Sea attacks increase thenationalnews.com/world/2024/02/…

The Hidden Globe has a cover and a 10/8 pub date! The best & nicest thing you can do to support me and books in general is to pre-order it amazon.com/dp/0593329856?…

🔴 BREAKING: Egypt, UAE agree on US$35 bn Ras al-Hikma development project

Egypt and the United Arab Emirates signed on Friday an agreement that will allow the UAE to invest $35 billion in an urban development project on Egypt's northwest coast. The UAE is set to pay an advance…

Second The Century Foundation Century International roundtable on the war in Gaza, this time focusing on the war's shockwaves regionally: tcf.org/content/report…

Includes contributions from me and colleagues Aron Lund, Sajad Jiyad سجاد, Thanassis Cambanis, Ashrofa, Rohan Advani, Sima and Dahlia Scheindlin.