Kaan Nazli
@kaannazli.bsky.social
Emerging markets investor at Neuberger Berman. Tweets on sustainable investing, development finance, geopolitics and culture. Formerly at ING, Medley Advisors and @eurasiagroup.net
A welcome result in the Romanian presidential elections from the investors’ perspective though there is a tough road ahead. My colleague Alexandru Ursu commented to @reuters.com on the upcoming challenges. www.reuters.com/markets/euro...
Romania's new president faces uphill battle to reduce EU's widest deficit
Romanian centrist Nicusor Dan may have defied the odds to win the presidency, but now he faces an even more daunting task: forming a government that can implement years of painful austerity - and revenue-raising measures - to tame Europe's widest fiscal deficit.
www.reuters.com
May 19, 2025 at 6:42 PM
A welcome result in the Romanian presidential elections from the investors’ perspective though there is a tough road ahead. My colleague Alexandru Ursu commented to @reuters.com on the upcoming challenges. www.reuters.com/markets/euro...
Reposted by Kaan Nazli
What happens if costs for all Chinese imports rise by 20 percentage points?
PCE prices are estimated to rise by 0.5 pp. Tariffs on final goods lead to a one-time increase in prices. Tariffs on intermediate goods lead to more persistent effects www.federalreserve.gov/econres/note...
PCE prices are estimated to rise by 0.5 pp. Tariffs on final goods lead to a one-time increase in prices. Tariffs on intermediate goods lead to more persistent effects www.federalreserve.gov/econres/note...
February 28, 2025 at 9:10 PM
What happens if costs for all Chinese imports rise by 20 percentage points?
PCE prices are estimated to rise by 0.5 pp. Tariffs on final goods lead to a one-time increase in prices. Tariffs on intermediate goods lead to more persistent effects www.federalreserve.gov/econres/note...
PCE prices are estimated to rise by 0.5 pp. Tariffs on final goods lead to a one-time increase in prices. Tariffs on intermediate goods lead to more persistent effects www.federalreserve.gov/econres/note...
I was among a group of investors speaking to @kkarakaya.bsky.social of @bloomberg.com to try make sense of the whirlwind of headlines in last few days. I believe that what’s at stake in Ukraine will prove more important than any other consideration. This is sure to be tested in the coming days.
February 19, 2025 at 9:07 PM
I was among a group of investors speaking to @kkarakaya.bsky.social of @bloomberg.com to try make sense of the whirlwind of headlines in last few days. I believe that what’s at stake in Ukraine will prove more important than any other consideration. This is sure to be tested in the coming days.
Great review by @lewisgoodall.com of the messages that came out of the US administration in the Munich security conference (and the implications of which go beyond spinning some right-wing points)
Have written about JD Vance’s Munich speech. In what may prove to be the biggest week for European security since 1991, it’s time Europe listened to what Trump and his Vice President are telling us. open.substack.com/pub/goodalla...
We need to listen to what Trump and Vance are telling us.
This may have been the biggest moment for European security since 1991.
open.substack.com
February 15, 2025 at 9:16 PM
Great review by @lewisgoodall.com of the messages that came out of the US administration in the Munich security conference (and the implications of which go beyond spinning some right-wing points)
Interesting work by @sandertordoir.bsky.social on the risk posed by trade imbalances on Europe as a whole, beyond Germany
Italy's Corriere della Sera with key observations and data, picking up on Brad and my work.
The newspaper highlights how China's aggressive export-led growth model, which is hammering the German economy, is having serious knock-on effects for Italy.
The German crisis is a European crisis.
1/x
The newspaper highlights how China's aggressive export-led growth model, which is hammering the German economy, is having serious knock-on effects for Italy.
The German crisis is a European crisis.
1/x
February 15, 2025 at 9:08 PM
Interesting work by @sandertordoir.bsky.social on the risk posed by trade imbalances on Europe as a whole, beyond Germany
Sobering analysis by Robert Kaplan in The Atlantic on the state of war and diplomacy in Ukraine. The recently stepped up military and financial support provides breathing room but it’s difficult to see if morale issues can be overcome www.theatlantic.com/internationa...
Trump Is Facing a Catastrophic Defeat in Ukraine
If Ukraine falls, it will be hard to spin as anything but a debacle for the United States, and for its president.
www.theatlantic.com
January 13, 2025 at 7:50 AM
Sobering analysis by Robert Kaplan in The Atlantic on the state of war and diplomacy in Ukraine. The recently stepped up military and financial support provides breathing room but it’s difficult to see if morale issues can be overcome www.theatlantic.com/internationa...
Reposted by Kaan Nazli
Tariffs on Mexico could roil the US market for low-cost cars.
1 in 3 vehicles priced below $30,000 are built in Mexico, up from 1 in 5 a decade ago
“Everyone’s got a pretty big case of anxiety here,” said the head of Kia’s U.S. operations. “In two words: Please don’t.”
www.wsj.com/business/aut...
1 in 3 vehicles priced below $30,000 are built in Mexico, up from 1 in 5 a decade ago
“Everyone’s got a pretty big case of anxiety here,” said the head of Kia’s U.S. operations. “In two words: Please don’t.”
www.wsj.com/business/aut...
Trump’s Tariff Plan to Hit Affordable Cars the Hardest
The U.S. car industry has a “big case of anxiety” about the president-elect’s proposed 25% tariff on imports from Mexico and Canada.
www.wsj.com
December 29, 2024 at 4:26 PM
Tariffs on Mexico could roil the US market for low-cost cars.
1 in 3 vehicles priced below $30,000 are built in Mexico, up from 1 in 5 a decade ago
“Everyone’s got a pretty big case of anxiety here,” said the head of Kia’s U.S. operations. “In two words: Please don’t.”
www.wsj.com/business/aut...
1 in 3 vehicles priced below $30,000 are built in Mexico, up from 1 in 5 a decade ago
“Everyone’s got a pretty big case of anxiety here,” said the head of Kia’s U.S. operations. “In two words: Please don’t.”
www.wsj.com/business/aut...
Further on the topic of governance-linked bonds, it was a pleasure to speak with the @reuters.com EM team on this instrument, which I hope will be taken up by more sovereigns to support governance reforms while generating future savings:
www.reuters.com/markets/rate...
www.reuters.com/markets/rate...
The $80 million question: Can bond reward force Sri Lanka to improve governance?
Investors burned by Sri Lanka's $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation's leaders to better manage the country.
www.reuters.com
December 19, 2024 at 1:24 PM
Further on the topic of governance-linked bonds, it was a pleasure to speak with the @reuters.com EM team on this instrument, which I hope will be taken up by more sovereigns to support governance reforms while generating future savings:
www.reuters.com/markets/rate...
www.reuters.com/markets/rate...
Preliminary results show that the Sri Lanka restructuring has been approved with a large margin. Eric Lalo explains the innovative instruments that came out of this restructuring: the macro-linked (MLB) and governance-linked bonds (GLBs) www.rothschildandco.com/en/newsroom/...
Important Innovations in Sovereign Finance: the Arrival of Macro-Linked Bonds (MLBs) and Governance-linked Bonds
The Macro-Linked Bonds and Governance Linked Bonds introduced in the context of Sri Lanka’s recent debt restructuring include important innovations that significantly enhance the utility of state cont...
www.rothschildandco.com
December 14, 2024 at 9:11 AM
Preliminary results show that the Sri Lanka restructuring has been approved with a large margin. Eric Lalo explains the innovative instruments that came out of this restructuring: the macro-linked (MLB) and governance-linked bonds (GLBs) www.rothschildandco.com/en/newsroom/...