Blackcal
blackcal.bsky.social
Blackcal
@blackcal.bsky.social
🇨🇭🇷🇴 🇺🇦🇵🇸🇪🇺
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Bookworm 📚
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Holding the line
Reposted by Blackcal
The TACO cycle:

Markets want to price in TACO. But TACO only works if Trump sees stocks tank.

So we get a loop: Trump does things → nothing happens (markets already priced in TACO) → that emboldens him to do more → until markets start to think he might not TACO → stocks fall → TACO is restored.
January 21, 2026 at 7:48 PM
Reposted by Blackcal
When we genuflect, Trump weighs in, when we keep our back straight he tacoes out. Not bc he’s scared of Europe but of the markets. Lesson learned hopefully
January 21, 2026 at 9:14 PM
Reposted by Blackcal
I’m a citizen of the US and though I have never in my life voted for a Republican, though I have worked in every way I could to support justice and democracy, I’m complicit because this is my country. They act in my name even without my consent. It’s up me and people like me to stop it.
January 21, 2026 at 10:31 AM
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Mark Carney's speech is now only the second most acute analysis of where the world is at right now:
January 21, 2026 at 2:08 PM
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Dire que le "discours" de Trump à Davos, suite incohérente de propos décousus et ineptes, est surréaliste serait faire une insulte aux surréalistes. La première puissance mondiale est dirigée par un vieillard atteint de démence sénile.
January 21, 2026 at 2:38 PM
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Sell. Everything. Just sell everything.
January 21, 2026 at 2:48 PM
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Here's a cheerful thought: this dribbling incoherent ignorant prat could kill everyone on earth right now.
January 21, 2026 at 2:23 PM
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I don't think Americans has even a remote clue about how angry Europeans are with them. And people here are very clear about this being an American problem, not just a Trump problem.
January 20, 2026 at 4:33 PM
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Current mood
January 20, 2026 at 7:22 PM
📖 - Tiempos recios is such a great (& relevant) novel !
It tells the story of the US-lead regime change in Guatemala in 1954 and the impacts on its society during the following half-century, as seen through the eyes of amazing storyteller Mario Vargas Llosa.
January 21, 2026 at 10:34 AM
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YES… HA HA HA… Y̲E̲S̲!
January 20, 2026 at 3:48 PM
Reposted by Blackcal
But we hear all the time that GDP is growing 2% or 3%, so how is that possible?

That’s because the US population is growing (especially the adult population, age 20+)

GDP has grown 2.3% a year since 2010

But GDP per adult only 1.3%
January 20, 2026 at 8:59 PM
Reposted by Blackcal
Carney to Europeans + other middle powers: “When we only negotiate bilaterally with a hegemon, we negotiate from weakness. We accept what’s offered. We compete with each other to be the most accommodating. This is not sovereignty. It’s the performance of sovereignty while accepting subordination.”
“We are taking the sign out of the window. The old order is not coming back. We should not mourn it. Nostalgia is not a strategy. But from the fracture, we can build something better, stronger, and more just. This is the task of the middle powers.”
globalnews.ca/news/1162087...
Read the full transcript of Carney’s speech to World Economic Forum - National | Globalnews.ca
Prime Minister Mark Carney gave a forceful speech in Davos, Switzerland, on the 'new world order' and how middle powers like Canada can benefit by working together.
globalnews.ca
January 20, 2026 at 8:18 PM
Reposted by Blackcal
Ukraine will begin fielding a homegrown replacement for the Chinese-made DJI Mavic drone. Reliance on China has been a major concern for Ukraine given Beijing’s close relationship with Moscow
Ukraine war briefing: Kyiv to replace Chinese-made Mavic drones
Popular Mavic drone will be replaced by homegrown option with longer range, says minister; digital transformation of Ukraine defence ministry and military announced. What we know on day 1,428
www.theguardian.com
January 21, 2026 at 6:36 AM
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So far the "Board of Peace" is Trump, Orban, Lukaschenko and Netanyahu.

Which if you wrote in a satire would be considered too outlandish and sent back.
January 21, 2026 at 7:16 AM
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🇪🇺 citizenship should be more than just a device which allows people to cross borders without passports or to apply for funding. Fellow-citizens should be ready to stand up for each other's safety and each other's rights, otherwise the notion "citizenship" is meaningless.
January 20, 2026 at 11:45 AM
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It's not ok to watch an entire nation being bombed into freezing in brutal subzero t°.
It's not ok to pretend russia wants peace while it targets homes, hospitals, and energy grid, aiming to destroy Ukraine.
It's not ok to delay air defences while civilians sleep in cold shelters and darkness.
January 19, 2026 at 6:21 PM
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Update to Nixon's Madman Theory: now with no theory, but with an actual madman.
January 19, 2026 at 10:39 AM
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It might sound silly, but I mean it: The easiest and most potent way for Europe to hurt Trump this year is to once again use its cultural soft power and to threaten a boycott of the World Cup. It would become a completely meaningless event and would hurt him where he is most vulnerable - his vanity.
January 19, 2026 at 10:33 AM
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On passing through the veil into fascism
January 19, 2026 at 1:28 PM
📖 - Les Amnésiques by Géraldine Schwarz was a great read. The author, having a German father & French mother, explores her family's responsibility in WW2 as Mitläufers (not Nazis, not resistants but going with the flow) & expands from there by analizing the way both countries chose to remember

1/
January 19, 2026 at 10:25 AM
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"I need this. For er... national security."
- Me, as I inch toward a second piece of cake.
January 18, 2026 at 6:50 PM
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🇵🇱💶🇺🇦

Donor comments under an international fundraiser to help Ukraine get through the winter: let's help the little ones and their families have electricity and heat in this tough time!

Donor comments under a Polish fundraiser to help Ukraine get through the winter:
January 18, 2026 at 12:40 PM
Reposted by Blackcal
I am not romanticising at all; this is still a difficult test. The Russians have decided to freeze us to death in order to break us, but this is our only life and we have refused to be broken. If our defenders in frozen trenches can hold back the Russian advance, then so can we. 1/12
January 18, 2026 at 12:29 PM
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In the stairwell, she met several other people who also did not know this woman but brought her the necessary items. Perhaps we are a tired but morally healthy society. Because people support those who are struggling and help each other. 1/8
January 18, 2026 at 12:24 PM