Adrian Cunningham
@adriancunningham.bsky.social
Reposted by Adrian Cunningham
Despite how it has been reported list of achievements from this deal is substantial, & goes further than the very Ltd ambition set out in Labour’s manifesto
Govt can sell the deal as a win for Britain in three big ways
Much more needs to be done but this is a welcome step @bylinetimes.bsky.social
Govt can sell the deal as a win for Britain in three big ways
Much more needs to be done but this is a welcome step @bylinetimes.bsky.social
'Keir Starmer's EU Deal Is Far Better Than the Media Is Telling You'
Much more needs to be done to repair the damage of Brexit, but this is a welcome step in the right direction, argues the Director of the Independent Commission on UK-EU Relations
bylinetimes.com
June 8, 2025 at 3:14 PM
Despite how it has been reported list of achievements from this deal is substantial, & goes further than the very Ltd ambition set out in Labour’s manifesto
Govt can sell the deal as a win for Britain in three big ways
Much more needs to be done but this is a welcome step @bylinetimes.bsky.social
Govt can sell the deal as a win for Britain in three big ways
Much more needs to be done but this is a welcome step @bylinetimes.bsky.social
Reposted by Adrian Cunningham
Last week's special interim comment - and not one to miss!
April 21, 2025 at 4:04 PM
Last week's special interim comment - and not one to miss!
Reposted by Adrian Cunningham
The April comment includes a fresh signal from our Recession Warning Composite (which tipped on Tuesday - Wednesday just made it worse), and detailed analysis, charts, and data on markets, debt, deficits, profits, and even "waste, fraud, and abuse."
www.hussmanfunds.com/comment/mc25...
www.hussmanfunds.com/comment/mc25...
Humpty Dumpty Was Pushed - Hussman Funds
In recent years, our most reliable measures of stock market valuation have pushed beyond their 1929 and 2000 peaks, and I’ve described the period since early 2022 as the extended peak of the third gre...
www.hussmanfunds.com
April 5, 2025 at 12:43 PM
The April comment includes a fresh signal from our Recession Warning Composite (which tipped on Tuesday - Wednesday just made it worse), and detailed analysis, charts, and data on markets, debt, deficits, profits, and even "waste, fraud, and abuse."
www.hussmanfunds.com/comment/mc25...
www.hussmanfunds.com/comment/mc25...
Reposted by Adrian Cunningham
Great thread. (And no surprise the example comes from @jburnmurdoch.ft.com)
Trying something new:
A 🧵 on a topic I find many students struggle with: "why do their 📊 look more professional than my 📊?"
It's *lots* of tiny decisions that aren't the defaults in many libraries, so let's break down 1 simple graph by @jburnmurdoch.bsky.social
🔗 www.ft.com/content/73a1...
A 🧵 on a topic I find many students struggle with: "why do their 📊 look more professional than my 📊?"
It's *lots* of tiny decisions that aren't the defaults in many libraries, so let's break down 1 simple graph by @jburnmurdoch.bsky.social
🔗 www.ft.com/content/73a1...
March 23, 2025 at 2:10 PM
Great thread. (And no surprise the example comes from @jburnmurdoch.ft.com)
Reposted by Adrian Cunningham
Podcast time again! This one is all about US RECESSION RISK and the wobble in the US stock market.
creators.spotify.com/pod/show/ts-...
creators.spotify.com/pod/show/ts-...
US Bear Attack! by GlobalData TS Lombard: Perkins Vs Beamish
Dario's Short US/Long RoW has done well, closing time?Andrew Slazenger (andrew.slazenger@tslombard.com) hosts Dario Perkins and Freya Beamish as they answer three of the top current client questionsTh...
creators.spotify.com
March 12, 2025 at 2:53 PM
Podcast time again! This one is all about US RECESSION RISK and the wobble in the US stock market.
creators.spotify.com/pod/show/ts-...
creators.spotify.com/pod/show/ts-...
Reposted by Adrian Cunningham
My Trade Secrets today. Let’s be clear: Donald Trump’s latest tariff wheeze isn’t about “reciprocity”.
It’s about giving himself another unilateral weapon to pursue a mercantilism laced with narcissism and caprice.
on.ft.com/4hFLQjk
It’s about giving himself another unilateral weapon to pursue a mercantilism laced with narcissism and caprice.
on.ft.com/4hFLQjk
Trump’s risible ‘reciprocal’ tariffs
[FREE TO READ] The White House is making up rationales for trade policy as it goes along
on.ft.com
February 17, 2025 at 5:45 PM
My Trade Secrets today. Let’s be clear: Donald Trump’s latest tariff wheeze isn’t about “reciprocity”.
It’s about giving himself another unilateral weapon to pursue a mercantilism laced with narcissism and caprice.
on.ft.com/4hFLQjk
It’s about giving himself another unilateral weapon to pursue a mercantilism laced with narcissism and caprice.
on.ft.com/4hFLQjk
Reposted by Adrian Cunningham
Goodhart’s Law strikes again. Nice guest post from @dsquareddigest.bsky.social on.ft.com/3Qe4wKJ
JPMorgan and bank capital requirements: the long-short story
[FREE TO READ] Much ado about netting
on.ft.com
February 11, 2025 at 4:18 PM
Goodhart’s Law strikes again. Nice guest post from @dsquareddigest.bsky.social on.ft.com/3Qe4wKJ
Reposted by Adrian Cunningham
I almost didn't write anything because it's so obviously breathtakingly stupid that I suspect markets will just shrug it off as just another brain-fart, but I guess we'll see. www.ft.com/content/7757...
Trump’s ‘interesting problem’ with Treasuries
Debtcon 1
www.ft.com
February 9, 2025 at 11:05 PM
I almost didn't write anything because it's so obviously breathtakingly stupid that I suspect markets will just shrug it off as just another brain-fart, but I guess we'll see. www.ft.com/content/7757...
Reposted by Adrian Cunningham
In bond markets the negative reaction to tarrifs is greatest on the 2-year, ostensibly because it means no rate cuts near term.
But long-dated Treasuries are getting a recession and safe haven bid
But long-dated Treasuries are getting a recession and safe haven bid
February 3, 2025 at 1:29 AM
In bond markets the negative reaction to tarrifs is greatest on the 2-year, ostensibly because it means no rate cuts near term.
But long-dated Treasuries are getting a recession and safe haven bid
But long-dated Treasuries are getting a recession and safe haven bid
Reposted by Adrian Cunningham
The DeepSeek takes from detached observers (people like me) seem more focused on the prospects for reduced AI capex spend in the future. The people who seem closer to the decision makers seem to want to double down and see this as accelerating the arms race with China.
January 27, 2025 at 7:53 PM
The DeepSeek takes from detached observers (people like me) seem more focused on the prospects for reduced AI capex spend in the future. The people who seem closer to the decision makers seem to want to double down and see this as accelerating the arms race with China.
Reposted by Adrian Cunningham
We mutter a lot about housing in the UK. BUT IT'S 44% MORE EXPENSIVE THAN THE OECD AVERAGE.
www.resolutionfoundation.org/publications...
www.resolutionfoundation.org/publications...
January 13, 2025 at 9:28 AM
We mutter a lot about housing in the UK. BUT IT'S 44% MORE EXPENSIVE THAN THE OECD AVERAGE.
www.resolutionfoundation.org/publications...
www.resolutionfoundation.org/publications...
Reposted by Adrian Cunningham
Dear BlueSkyers. Sadly I'm getting many reports of scammers pretending to be me here, incl messaging people with 'investments' . Pls share/help me spread word that, as you know, THIS IS MY ONLY BLUE SKY account (proved as my handle is an official MoneySavingExpert one). All others are scams
January 15, 2025 at 10:02 AM
Dear BlueSkyers. Sadly I'm getting many reports of scammers pretending to be me here, incl messaging people with 'investments' . Pls share/help me spread word that, as you know, THIS IS MY ONLY BLUE SKY account (proved as my handle is an official MoneySavingExpert one). All others are scams
Reposted by Adrian Cunningham
Polling at the time showed leaving the Single Market didn’t even command the majority of Leave voters!
January 16, 2025 at 7:03 PM
Polling at the time showed leaving the Single Market didn’t even command the majority of Leave voters!
Reposted by Adrian Cunningham
The next financial crisis could start in the insurance sector, @whitehouse.senate.gov told me. Losses like we’re seeing from LA wildfires are more than just “a fiscal blip of some kind that you recover from”: on.ft.com/3DYvtiL
Top financial watchdog warns climate change set to trigger market panics
[FREE TO READ] Basel-based FSB says damage caused by floods, droughts and fires threatens broader pullback in lending
on.ft.com
January 16, 2025 at 12:01 PM
The next financial crisis could start in the insurance sector, @whitehouse.senate.gov told me. Losses like we’re seeing from LA wildfires are more than just “a fiscal blip of some kind that you recover from”: on.ft.com/3DYvtiL
Reposted by Adrian Cunningham
Jeff Bezos never wanted this cartoon to become public.
He killed it, and as a result, pulitzer prize editorial cartoonist Ann Telnaes quit.
Make sure everyone sees this cartoon. - @aaronparnas.bsky.social
He killed it, and as a result, pulitzer prize editorial cartoonist Ann Telnaes quit.
Make sure everyone sees this cartoon. - @aaronparnas.bsky.social
January 5, 2025 at 12:58 AM
Jeff Bezos never wanted this cartoon to become public.
He killed it, and as a result, pulitzer prize editorial cartoonist Ann Telnaes quit.
Make sure everyone sees this cartoon. - @aaronparnas.bsky.social
He killed it, and as a result, pulitzer prize editorial cartoonist Ann Telnaes quit.
Make sure everyone sees this cartoon. - @aaronparnas.bsky.social
Reposted by Adrian Cunningham
I’d missed that the ONS was publishing the monthly direct debit failure rate.
Data here: www.ons.gov.uk/economy/econ...
This feels a decent indicator of consumer financial stress.
Data here: www.ons.gov.uk/economy/econ...
This feels a decent indicator of consumer financial stress.
January 2, 2025 at 11:54 AM
I’d missed that the ONS was publishing the monthly direct debit failure rate.
Data here: www.ons.gov.uk/economy/econ...
This feels a decent indicator of consumer financial stress.
Data here: www.ons.gov.uk/economy/econ...
This feels a decent indicator of consumer financial stress.
Reposted by Adrian Cunningham
“A culture does not have to burn books to assure that they will not be read . There are other ways to achieve stupidity.”
Cracking piece by @sarahoconnorft.bsky.social
on.ft.com/49RKP4D
Cracking piece by @sarahoconnorft.bsky.social
on.ft.com/49RKP4D
Are we becoming a post-literate society?
Technology has changed the way many of us consume information, from complex pieces of writing to short video clips
on.ft.com
December 27, 2024 at 8:31 AM
“A culture does not have to burn books to assure that they will not be read . There are other ways to achieve stupidity.”
Cracking piece by @sarahoconnorft.bsky.social
on.ft.com/49RKP4D
Cracking piece by @sarahoconnorft.bsky.social
on.ft.com/49RKP4D
Reposted by Adrian Cunningham
Donate to Wikepedia one of the best sources of information on the internet. Don't post on X, one of the worst, whose owner is creating mischief and destroying information.
One thing Musk and Trump have in common is attacking individuals or businesses they dislike, or shutting them down with nuisance lawsuits. It is intimidation when directed to individuals but creates collective damage when directed at independent information sources.
"Elon Musk has urged his followers not to donate to Wikipedia, which he has dubbed 'Wokepedia,' until they 'reestablish a balance in their editorial authority.'"
December 25, 2024 at 10:12 PM
Donate to Wikepedia one of the best sources of information on the internet. Don't post on X, one of the worst, whose owner is creating mischief and destroying information.
Reposted by Adrian Cunningham
New comment is up!
www.hussmanfunds.com/comment/mc24...
www.hussmanfunds.com/comment/mc24...
Ring Out, Wild Bells - Hussman Funds
On Friday December 6th, the U.S. stock market pushed to the most extreme level of valuation in U.S. history, based on the measures that we find best-correlated with subsequent S&P 500 total returns, a...
www.hussmanfunds.com
December 19, 2024 at 3:39 PM
New comment is up!
www.hussmanfunds.com/comment/mc24...
www.hussmanfunds.com/comment/mc24...
Reposted by Adrian Cunningham
"As long as the music is playing, you’ve got to get up and dance. We’re still dancing."
- Chuck Prince, Citibank, July 2007
Citibank had already peaked in December 2006. It would lose -93% of its value by November 2008.
But sure, learn to stop worrying and love the rally.
- Chuck Prince, Citibank, July 2007
Citibank had already peaked in December 2006. It would lose -93% of its value by November 2008.
But sure, learn to stop worrying and love the rally.
'So for now, at least, the message is: F*ck it we ball?' www.ft.com/content/3ef4...
Stocks are expensive, and nobody cares
How UBS learned to stop worrying and love the rally
www.ft.com
December 11, 2024 at 6:22 PM
"As long as the music is playing, you’ve got to get up and dance. We’re still dancing."
- Chuck Prince, Citibank, July 2007
Citibank had already peaked in December 2006. It would lose -93% of its value by November 2008.
But sure, learn to stop worrying and love the rally.
- Chuck Prince, Citibank, July 2007
Citibank had already peaked in December 2006. It would lose -93% of its value by November 2008.
But sure, learn to stop worrying and love the rally.
Reposted by Adrian Cunningham
Great stuff, as per, from @sarahoconnorft.bsky.social (although, as per my earlier post, I had to pretend to want to post it on twitter in order to share quickly to bluesky, in the absence of a @financialtimes.com site button for the latter).
Economists need to get their story straight on immigration
Focusing on the impact on the wages or employment levels of native workers is too narrow
www.ft.com
December 10, 2024 at 9:26 AM
Great stuff, as per, from @sarahoconnorft.bsky.social (although, as per my earlier post, I had to pretend to want to post it on twitter in order to share quickly to bluesky, in the absence of a @financialtimes.com site button for the latter).
Reposted by Adrian Cunningham
New 📈: Salaries are much higher in the US than the UK and other countries, even when (roughly) adjusted for the cost of living.
I looked at what this means for companies hiring from a global talent pool: on.ft.com/49usgDl
I looked at what this means for companies hiring from a global talent pool: on.ft.com/49usgDl
December 9, 2024 at 12:06 PM
New 📈: Salaries are much higher in the US than the UK and other countries, even when (roughly) adjusted for the cost of living.
I looked at what this means for companies hiring from a global talent pool: on.ft.com/49usgDl
I looked at what this means for companies hiring from a global talent pool: on.ft.com/49usgDl
Reposted by Adrian Cunningham
Worryingly steep downturn in the number of people placed in UK permanent jobs via recruitment agencies in November in a further sign of business backlash from the Budget and rise in NICs. The latest reading was one of lowest since the global financial crisis. www.pmi.spglobal.com/Public/Home/...
December 9, 2024 at 9:16 AM
Worryingly steep downturn in the number of people placed in UK permanent jobs via recruitment agencies in November in a further sign of business backlash from the Budget and rise in NICs. The latest reading was one of lowest since the global financial crisis. www.pmi.spglobal.com/Public/Home/...
Reposted by Adrian Cunningham
This paper - I only read the CEPR non technical summary - reprises traditional money demand analysis to point out that crypto use in transactions as a means of payment justifies a positive price. But...
The use of cryptocurrency as a means of payment generates transactional demand. Cryptocurrencies can be used as a means of payment while financial securities typically cannot –eg transferring the ownership of a fractional share of your favourite airline as a payment.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
December 7, 2024 at 9:23 AM
This paper - I only read the CEPR non technical summary - reprises traditional money demand analysis to point out that crypto use in transactions as a means of payment justifies a positive price. But...
Reposted by Adrian Cunningham
English households spent more on beer than rent for most of the last millennium h/t @mikebrewerecon.bsky.social
onlinelibrary.wiley.com/doi/10.1111/...
onlinelibrary.wiley.com/doi/10.1111/...
December 7, 2024 at 9:16 AM
English households spent more on beer than rent for most of the last millennium h/t @mikebrewerecon.bsky.social
onlinelibrary.wiley.com/doi/10.1111/...
onlinelibrary.wiley.com/doi/10.1111/...