Antonio Fatas
@antoniofatas.bsky.social
Professor of Economics at INSEAD. Interested in global macroeconomic issues.
If this is the best argument that Eric Schmidt can give to deny the existence of a bubble in AI stocks, then it is certainly a bubble. (source: www.ft.com/content/da16...)
October 16, 2025 at 3:00 PM
If this is the best argument that Eric Schmidt can give to deny the existence of a bubble in AI stocks, then it is certainly a bubble. (source: www.ft.com/content/da16...)
I guess the father is smart enough and does not need an explanation??? IMF, you can do better [from the Finance and Development latest issue]
September 9, 2025 at 7:52 AM
I guess the father is smart enough and does not need an explanation??? IMF, you can do better [from the Finance and Development latest issue]
The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan
August 23, 2025 at 6:25 AM
The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan
Mainstream? I think you mean science
August 7, 2025 at 7:07 PM
Mainstream? I think you mean science
The strategy of chaos
August 7, 2025 at 5:44 PM
The strategy of chaos
Is this the end of uncertainty that the EU said we were getting after signing a trade deal with the US?
August 5, 2025 at 1:23 PM
Is this the end of uncertainty that the EU said we were getting after signing a trade deal with the US?
When you need to justify a mystery (the value of cryptocurrencies), you refer to something else that you do not understand (blockchain). That sentence keeps appearing in article after article without any explanation of why this technology is needed for anything related to payments.
August 1, 2025 at 6:47 AM
When you need to justify a mystery (the value of cryptocurrencies), you refer to something else that you do not understand (blockchain). That sentence keeps appearing in article after article without any explanation of why this technology is needed for anything related to payments.
To state the obvious, the US economy has slowed down in 2025. Growth rates by semester (to remove the noise associated to imports/inventories dynamics in first two quarters)
July 30, 2025 at 1:14 PM
To state the obvious, the US economy has slowed down in 2025. Growth rates by semester (to remove the noise associated to imports/inventories dynamics in first two quarters)
Germany is deliberately alternating between positive and negative growth each quarter just to mock those fixated on the technical definition of a recession.
July 30, 2025 at 8:48 AM
Germany is deliberately alternating between positive and negative growth each quarter just to mock those fixated on the technical definition of a recession.
I guess that part of the EU budget will be now spent on paying for these tariffs...🤦♂️
July 29, 2025 at 8:22 AM
I guess that part of the EU budget will be now spent on paying for these tariffs...🤦♂️
Define “dramatically”. Even if 2025Q2 looks like that, growth in the first 6 months of the year would be less than half of the previous 6 months.
July 28, 2025 at 6:41 PM
Define “dramatically”. Even if 2025Q2 looks like that, growth in the first 6 months of the year would be less than half of the previous 6 months.
This is where we are in our market analysis: overvaluation is not as bad as the largest historical episodes of stock market bubbles. Reassuring, it is not the Great Depression.
(Source: www.ft.com/content/a8bd...)
(Source: www.ft.com/content/a8bd...)
July 28, 2025 at 6:48 AM
This is where we are in our market analysis: overvaluation is not as bad as the largest historical episodes of stock market bubbles. Reassuring, it is not the Great Depression.
(Source: www.ft.com/content/a8bd...)
(Source: www.ft.com/content/a8bd...)
Nice chart from IMF note to G20 on demographics. Massive gap in GDP performance between US and Japan mostly due to demographics. GDP per working age population (WAP) almost grew at the same rate.
Source: www.imf.org/en/Research/...
Source: www.imf.org/en/Research/...
July 20, 2025 at 11:21 AM
Nice chart from IMF note to G20 on demographics. Massive gap in GDP performance between US and Japan mostly due to demographics. GDP per working age population (WAP) almost grew at the same rate.
Source: www.imf.org/en/Research/...
Source: www.imf.org/en/Research/...
Jakarta will pay 19%? Seriously, @financialtimes.com?
July 15, 2025 at 6:39 PM
Jakarta will pay 19%? Seriously, @financialtimes.com?
Correct. But the narrative remains: "it could be much worse". Until the narrative stops. Reminds me of the quote (CNBC, Nov 16 2009) by Dennis Gartman about gold prices.
July 10, 2025 at 8:44 AM
Correct. But the narrative remains: "it could be much worse". Until the narrative stops. Reminds me of the quote (CNBC, Nov 16 2009) by Dennis Gartman about gold prices.
Alternatively this is the sidebar of shame. The fact that @financialtimes.com and many others continue to post on X and it is the first suggested social media to repost article.
July 10, 2025 at 8:13 AM
Alternatively this is the sidebar of shame. The fact that @financialtimes.com and many others continue to post on X and it is the first suggested social media to repost article.
Moldova got a discount relative to Algeria. Makes sense. 🤔
July 9, 2025 at 5:42 PM
Moldova got a discount relative to Algeria. Makes sense. 🤔
Funding for public science in the US in 1965 was 2% of GDP (down to 0.5%). I knew it had gone down but I did not realize how much. From @pkrugman.bsky.social substack conversation with Jonathan Gruber.
July 6, 2025 at 8:06 AM
Funding for public science in the US in 1965 was 2% of GDP (down to 0.5%). I knew it had gone down but I did not realize how much. From @pkrugman.bsky.social substack conversation with Jonathan Gruber.
The @financialtimes.com article forgets to mention that Tether pays 0% interest on USD/Tether balances. Neobanks pay market rates and charge 0% commission on national and cross-border transactions.
July 3, 2025 at 2:59 PM
The @financialtimes.com article forgets to mention that Tether pays 0% interest on USD/Tether balances. Neobanks pay market rates and charge 0% commission on national and cross-border transactions.
Does CEA expect below potential (or baseline) growth after 2028? Not sure I understand their numbers (not to mention the explosion in GDP in the next 4 years).
Source: www.crfb.org/blogs/ceas-f...
Source: www.crfb.org/blogs/ceas-f...
July 3, 2025 at 11:05 AM
Does CEA expect below potential (or baseline) growth after 2028? Not sure I understand their numbers (not to mention the explosion in GDP in the next 4 years).
Source: www.crfb.org/blogs/ceas-f...
Source: www.crfb.org/blogs/ceas-f...
From the Council of Economic Advisers, the path of US government debt as a result of Trump proposed budget. Simply delusional. Including a boost to GDP growth of 1.1-1.2% per year.
June 26, 2025 at 11:23 AM
From the Council of Economic Advisers, the path of US government debt as a result of Trump proposed budget. Simply delusional. Including a boost to GDP growth of 1.1-1.2% per year.
This must be what counts as a slow news day for the stock market.
June 18, 2025 at 5:04 PM
This must be what counts as a slow news day for the stock market.
A very detailed analysis by @cepr.org researchers on the economic consequences of the second Trump administration.
Available for free at:
cepr.org/publications...
Available for free at:
cepr.org/publications...
June 18, 2025 at 3:42 PM
A very detailed analysis by @cepr.org researchers on the economic consequences of the second Trump administration.
Available for free at:
cepr.org/publications...
Available for free at:
cepr.org/publications...
Top 5 most read articles in @financialtimes.com
May 23, 2025 at 2:57 PM
Top 5 most read articles in @financialtimes.com
Malignant incompetence.
[source: www.ft.com/content/bdd9...
[source: www.ft.com/content/bdd9...
May 8, 2025 at 2:47 PM
Malignant incompetence.
[source: www.ft.com/content/bdd9...
[source: www.ft.com/content/bdd9...