@angloamerican74.bsky.social
Economist and fixed income portfolio manager
As a dual UK / US national living in France, I cannot overstate how much trust has been destroyed by Trump & the GOP. Europe now understands it cannot place its economic & military security in the hands of swing state voters, most of whom don’t give a damn about Europe. There will be consequences.
February 10, 2026 at 8:17 PM
As a dual UK / US national living in France, I cannot overstate how much trust has been destroyed by Trump & the GOP. Europe now understands it cannot place its economic & military security in the hands of swing state voters, most of whom don’t give a damn about Europe. There will be consequences.
Nonsense. A tax code full of loopholes and tax optimisation schemes is the reason the ultra wealthy don’t pay enough tax.
January 30, 2026 at 6:35 PM
Nonsense. A tax code full of loopholes and tax optimisation schemes is the reason the ultra wealthy don’t pay enough tax.
Good grief. It’s an illustrative example. High profits (should) attract competition, more supply, lower profits, lower prices. If one wants to redistribute, government can impose progressive taxes.
January 30, 2026 at 6:33 PM
Good grief. It’s an illustrative example. High profits (should) attract competition, more supply, lower profits, lower prices. If one wants to redistribute, government can impose progressive taxes.
And I was not responding your post, but the one below.
January 30, 2026 at 5:37 PM
And I was not responding your post, but the one below.
I know, right! And when I pay $20 for an item that only cost $15 to make, that’s also a crime. Maybe we should just tear down this capitalist hell and ban people from making a profit on anything.
January 30, 2026 at 5:02 PM
I know, right! And when I pay $20 for an item that only cost $15 to make, that’s also a crime. Maybe we should just tear down this capitalist hell and ban people from making a profit on anything.
Newsflash: the US stopped providing intelligence, money and weapons to Ukraine many months ago. In fact, US has been accused of sending classified intel to the Russians, and its envoy pushes Russian proposals in negotiations. Why does the US thinks it can force Ukraine into an unfair peace?
January 29, 2026 at 8:18 PM
Newsflash: the US stopped providing intelligence, money and weapons to Ukraine many months ago. In fact, US has been accused of sending classified intel to the Russians, and its envoy pushes Russian proposals in negotiations. Why does the US thinks it can force Ukraine into an unfair peace?
Of course the Fed looks at the dollar. The exchange rate matters for US export competitiveness and for import prices. But by convention it is the US Treasury that is charged with commenting on currency policy (which they can influence via fiscal policy and intervention), and not the Fed.
January 29, 2026 at 11:19 AM
Of course the Fed looks at the dollar. The exchange rate matters for US export competitiveness and for import prices. But by convention it is the US Treasury that is charged with commenting on currency policy (which they can influence via fiscal policy and intervention), and not the Fed.
Europe has learned that it cannot put its own security in the hands of a few hundred thousand American voters in 7 or so swing states, most of whom couldn’t even identify European countries on a map. Prosecutions won’t be enough.
January 26, 2026 at 8:20 AM
Europe has learned that it cannot put its own security in the hands of a few hundred thousand American voters in 7 or so swing states, most of whom couldn’t even identify European countries on a map. Prosecutions won’t be enough.
To be fair, it isn’t an inevitable result that the consumer. Incidence (i.e. who pays) can fall on the exporter (forced to accept a lower price), the importer and/or the end purchaser. In practice, the distribution will differ depending on the good and associated elasticities of supply & demand.
January 19, 2026 at 9:57 PM
To be fair, it isn’t an inevitable result that the consumer. Incidence (i.e. who pays) can fall on the exporter (forced to accept a lower price), the importer and/or the end purchaser. In practice, the distribution will differ depending on the good and associated elasticities of supply & demand.
If everyone had to get healthcare coverage (with subsidies for those who qualify) healthy people would get insurance and premiums would be affordable. By removing that requirement, the GOP engineered the gradual collapse of the ACA - and did so without having a replacement. Take it up with Trump.
January 9, 2026 at 6:08 PM
If everyone had to get healthcare coverage (with subsidies for those who qualify) healthy people would get insurance and premiums would be affordable. By removing that requirement, the GOP engineered the gradual collapse of the ACA - and did so without having a replacement. Take it up with Trump.
Sell 30 yr treasuries (inflation will erode their purchasing power). Buy shorter dated Treasuries (Fed will cut rates to do Trump’s bidding). Which means steeper yield curves. Buy TIPS versus conventional Treasuries to benefit from higher inflation.
January 8, 2026 at 10:32 PM
Sell 30 yr treasuries (inflation will erode their purchasing power). Buy shorter dated Treasuries (Fed will cut rates to do Trump’s bidding). Which means steeper yield curves. Buy TIPS versus conventional Treasuries to benefit from higher inflation.
I don’t disagree, but suspect there are large differences between US states. My understanding is that restaurant licenses are a state matter rather than federal. Anyway, thanks for digging up the study.
January 4, 2026 at 1:54 PM
I don’t disagree, but suspect there are large differences between US states. My understanding is that restaurant licenses are a state matter rather than federal. Anyway, thanks for digging up the study.
Calm down, buddy. It’s a friendly disagreement over cuisines, I didn’t insult your mother.
January 4, 2026 at 12:30 PM
Calm down, buddy. It’s a friendly disagreement over cuisines, I didn’t insult your mother.
Likewise. And I wouldn’t say there is much disparity in food hygiene standards (at restaurants) between Europe and the US.
January 4, 2026 at 12:26 PM
Likewise. And I wouldn’t say there is much disparity in food hygiene standards (at restaurants) between Europe and the US.
You’re not actually serious. Have you ever travelled to the US?
January 4, 2026 at 11:08 AM
You’re not actually serious. Have you ever travelled to the US?
You have serious issues and should seek help. Blocked.
January 3, 2026 at 11:03 AM
You have serious issues and should seek help. Blocked.
You haven’t adjusted for economic growth, stock market gains or price inflation, so those stats aren’t very helpful. But yes, one has to test the thesis with data.
January 2, 2026 at 10:19 PM
You haven’t adjusted for economic growth, stock market gains or price inflation, so those stats aren’t very helpful. But yes, one has to test the thesis with data.
Reading comprehension is not your strong suit. I never said Musk / billionaires shouldn’t pay more taxes. They should. But wealth taxes are not the way. Raise dividend tax rates. Remove the tax exemption on borrowing from life insurance policies. There are better ways….
January 2, 2026 at 9:20 PM
Reading comprehension is not your strong suit. I never said Musk / billionaires shouldn’t pay more taxes. They should. But wealth taxes are not the way. Raise dividend tax rates. Remove the tax exemption on borrowing from life insurance policies. There are better ways….
Blocked for being a tool.
January 2, 2026 at 8:56 PM
Blocked for being a tool.
Postgrad degrees in finance and economics make me more qualified than you on this topic. Worked 7 years for the government, so know what it’s like to make a normal salary. Spent 7 years in an infantry regiment, so I served my country. Whereas you’re just a garden variety cunt.
January 2, 2026 at 8:48 PM
Postgrad degrees in finance and economics make me more qualified than you on this topic. Worked 7 years for the government, so know what it’s like to make a normal salary. Spent 7 years in an infantry regiment, so I served my country. Whereas you’re just a garden variety cunt.
Good grief. It’s not a conspiracy to avoid contributing to society. People respond to incentives, and many object to paying wealth taxes on money they already paid high income taxes on.
January 2, 2026 at 8:30 PM
Good grief. It’s not a conspiracy to avoid contributing to society. People respond to incentives, and many object to paying wealth taxes on money they already paid high income taxes on.
Maybe you should educate yourself on tax economics. I agree with you that inequality is far too high, but my argument is that wealth taxes are not the most effective way to achieve that aim. The UK experience with its recent changes to its non-domicile tax regime is a great case study.
January 2, 2026 at 5:54 PM
Maybe you should educate yourself on tax economics. I agree with you that inequality is far too high, but my argument is that wealth taxes are not the most effective way to achieve that aim. The UK experience with its recent changes to its non-domicile tax regime is a great case study.