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pompoustakes.bsky.social
@pompoustakes.bsky.social
markets, economics & politics quack
Absolutely gormless.
FT Exclusive: The UK Treasury has asked banks to make public and prominent endorsements of the Budget this week, wanting lenders to praise new policies and show how they will boost lending to first-time buyers and small businesses. on.ft.com/4igd5Sw
November 24, 2025 at 10:32 PM
Applied Politics 101: Lecture 5

A perturbation in public opinion over any economic outcome can generate electoral resonance in any area of economic policy that skilled opposition party chooses. The necessary and sufficient linkage is the word "economy".
But the really important point (even if you think the numbers are too high) is that every problematic issue (childcare, housing, healthcare, higher education) IS A NONTRADEABLE, and yet we are subjected to endless blah-blah about trade as the problem. Below is from Bessent’s WSJ op-ed).
November 24, 2025 at 6:59 PM
The business case for basing propaganda generation in India is surely the same as outsourcing call-centres there.
the last 24 hours on X, summed up:
November 23, 2025 at 9:17 PM
Remarkable stuff.
Animals don't have rotating flippers so orcas may not get the role of ships screws - assuming instead that the things next to them (fin-like rudders) are the source of drive.
'Look chaps! you can knacker its tail but it still swims!'

www.reteuro.co.uk/21-165258-no...
North Atlantic alert as orcas begin targeting commercial ships in what experts describe as coordinated attacks
What began as rare encounters off the Iberian coast now shows up in captain’s logs from Galicia to the Strait of Gibraltar, and in wary chatter on VHF.
www.reteuro.co.uk
November 22, 2025 at 7:54 PM
The stupidity of Brexit often distracts from just how pathetic the EU is in some respects.
In a letter sent to European Commission President Ursula von der Leyen, Hungarian PM Viktor Orbán says he will block "any further [EU] financial assistance to Ukraine in any form" and calls on Europeans to back Trump's 28-point plan "immediately and unconditionally." www.politico.eu/wp-content/u...
www.politico.eu
November 22, 2025 at 5:27 PM
Bit of balance from Grok.
November 20, 2025 at 10:03 PM
First thing needed is to ban the use of the word "deliver" and give the skills involved in the industry the requisite respect.

Then deliver a proper Russel Group centered university degree route to de-risk the acquisition of those skills, increase labour force quality & productivity.

Zero chance.
New supply data today confirms that the number homes added in England fell by 13,000 to 208,000 in 2024-25 (lower than in during the pandemic).

This is worrying news for the Government which wants to see 1.5 million additional homes delivered this Parliament.
November 20, 2025 at 5:22 PM
Reposted
From the great new NBER paper by Bloom et al on the cost of Brexit.

It ain't pretty - they estimate UK GDP is down between 6-8%. Consistent with the doppelgang model of @johnspringford.bsky.social for CER.

A lot of 'free' GDP available availabe for Labour if it had the courage to reset properly.
November 17, 2025 at 9:57 PM
Whatever about Swiss savvy in dealing with Trump, the real story here is that someone forgot to paint that bust gold.
"It was tough to beat Apple, but the Swiss did it." said one administration official.

How the Swiss convinced Trump to drop tariffs with gifts of a Rolex desk clock and a 1 kg gold bar.

www.axios.com/2025/11/14/t...
How to lobby Trump with Swiss precision: gifts, gold and gab
How the Swiss broke a diplomatic logjam on tariffs by arriving with tributes fit for a king.
www.axios.com
November 15, 2025 at 4:47 PM
Don't panic Mr Mainwaring!
November 14, 2025 at 7:18 PM
The safety glasses really polish this art.
True comedy is watching Dave Portnay trying to use a hammer
November 14, 2025 at 5:31 PM
possibly illuminating calibre of raw
November 14, 2025 at 5:09 PM
"History will be kind to [us] for [we] intend to write it."
Meanwhile over at Elon’s site
November 13, 2025 at 3:05 PM
Anticipating future FED schedules on collateral haircuts for pledged chips & big sheds full of servers.
And here's the text of Perli's speech.

"At some point, therefore, it will be appropriate to start increasing the size of the SOMA portfolio. The exact timing will depend on several factors, but, as President Williams said, given what we know today we probably won’t have to wait long."
Money Market Conditions and the Federal Reserve’s Balance Sheet - FEDERAL RESERVE BANK of NEW YORK
www.newyorkfed.org
November 12, 2025 at 9:41 PM
Lecture 3 - Applied Politics 101

"inflation" & "prices": dual-use, interchangeable words

For opposition:

Inflation has naturally lead to the highest ever prices so permits

"INFLATION IS UP LIKE NEVER BEFORE!"

For govt:

An inflation number lower than a previous one permits:

"PRICES ARE DOWN!"
Please let everyone know that prices haven’t fallen they continue to rise by 3% just as they did in January 2025
Here are the cpi numbers

3.0 2.8 2.4 2.3 2.4 2.7 2.7 2.9 3.0

Anyone who says prices are falling is a liar
November 12, 2025 at 5:24 PM
Don't dismiss this so lightly.

How do we know it isn't so advanced a Russian humanoid it found the vodka stash?
Joke of the day from Moscow: Russia tried to unveil its first humanoid AI robot, Aidol. Key word: tried. The robot collapsed during its debut, forcing organizers to cut the presentation short. Their rushed attempt to lift the prop only made things worse.
November 11, 2025 at 7:49 PM
Say goodbye to them integrating and fitting in then.
BREAKING: Foreigners seeking visas to live in the U.S. might be rejected if they have certain medical conditions, like obesity, per CBS
November 11, 2025 at 1:37 AM
Not trivial. Not a minor editing mishap. A deliberate, stupid, counter-productive and immensely damaging over-reach by journalists on one side of the ideological scrap within the BBC.
November 10, 2025 at 9:46 PM
Real quantum politics this. At some point the GOP will manage to collapse his wave function and Mamdani will either be stomping around New York in an IDF uniform or it will be under Sharia Law.
For those who aren't keeping up, Mamdani is a Zionist now (for condeming swastika graffiti on a yeshiva)
November 7, 2025 at 5:25 PM
Reposted
Malware is using AI to dynamically generate malicious scripts, obfuscate their own code to evade detection, and leverage AI models to create malicious functions on demand, rather than hard-coding them into the malware
November 6, 2025 at 11:33 AM
Reposted
The defense team presses Lairmore on whether the sandwich really 'exploded.' They return to the photo of the sandwich and wrapper on the ground.

"That sandwich hasn't exploded at all, has it?" defense asks.

"It looks like a little bit is coming out towards the bottom," Lairmore replies.
November 4, 2025 at 4:37 PM
Why not paint the outside gold & rename it the Gold House, or the Trump Gold House?
Trump waves around renderings of his new ballroom, which appears to be entirely gold
October 22, 2025 at 11:39 PM
Reposted
Dutch intelligence suspends sharing arrangements with the US after concluding that high level intel was routinely being shared by the White House with their friends in the Kremlin. www.volkskrant.nl/binnenland/n...
Nederlandse diensten delen minder informatie met de VS: ‘Soms vertellen we dingen niet meer’
Het aantal dreigingen dat op Nederland afkomt is groot, zien de hoofden van de AIVD en de MIVD elke dag: niet alleen Russische agressie, maar ook de opmars van China als digitale macht en binnenlands ...
www.volkskrant.nl
October 19, 2025 at 1:24 AM
Reposted
You know what's a big factor in the perpetuation of the #doomloop? Journalists who are determined to prevent any prospect of an sober and coherent public discussion of fiscal policy and public finances.
October 15, 2025 at 9:15 AM