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Gita Gopinath in FT: ‘When the Brexit referendum passed, […], the economic impact was initially minimal. But a decade later, the UK is estimated to have lost between 6 to 8 per cent of GDP The lesson is simple: structural damage reveals itself slowly, and always too late to be reversed.’
Don’t be fooled — everything has changed for the global economy
Damage caused by US tariffs has so far been muted but that won’t last
www.ft.com
January 8, 2026 at 10:09 AM
Gita Gopinath in FT: ‘When the Brexit referendum passed, […], the economic impact was initially minimal. But a decade later, the UK is estimated to have lost between 6 to 8 per cent of GDP The lesson is simple: structural damage reveals itself slowly, and always too late to be reversed.’
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A problem with current geopolitical analysis is how in its lack of attention to internal dynamics of great powers it does not take adequately into account how increasingly wild external projection of power by the US, Russia and China is driven by their growing domestic fragility
January 7, 2026 at 9:30 PM
A problem with current geopolitical analysis is how in its lack of attention to internal dynamics of great powers it does not take adequately into account how increasingly wild external projection of power by the US, Russia and China is driven by their growing domestic fragility
Reposted
When soldiers from one NATO country need to - mentally and tactically - prepare for an attack from another NATO country, something has already been irrevocably broken.
Danish soldiers are under standing orders to engage any hostile activity on Greenland, including unannounced US activity.
The standing order of 1952 is confirmed to be in force by both Danish Defence Command and Ministry of Defence to news site @berlingske.bsky.social
The standing order of 1952 is confirmed to be in force by both Danish Defence Command and Ministry of Defence to news site @berlingske.bsky.social
January 7, 2026 at 2:36 PM
When soldiers from one NATO country need to - mentally and tactically - prepare for an attack from another NATO country, something has already been irrevocably broken.
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Ever since 1945 people in places like Romania or Bulgaria or Poland developed wild nuts rumours of how "the Americans are coming" soon, few more weeks, months or years.
This was widespread to the lowest peasant in rural villages
This was widespread to the lowest peasant in rural villages
@miyhnea.bsky.social i have a question i'm curious for your insights on, why are all euastern euros so slavish towards americans when by all means they should basically worship Europe? Like basically everyone has at least a relative or friend who lives in an EU country and we receive billions yearly
January 6, 2026 at 4:29 PM
Ever since 1945 people in places like Romania or Bulgaria or Poland developed wild nuts rumours of how "the Americans are coming" soon, few more weeks, months or years.
This was widespread to the lowest peasant in rural villages
This was widespread to the lowest peasant in rural villages
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The problem with calibrating strategic responses in an age of hyperactive social media news cycles is the time needed for various policy actors in the EU and its partners to agree a firm consensus is much longer than it takes for a meme-industrial complex to entrench misleading initial hot takes
Joint Statement of major EU/NATO countries on Greenland, together with Denmark:
January 6, 2026 at 12:00 PM
The problem with calibrating strategic responses in an age of hyperactive social media news cycles is the time needed for various policy actors in the EU and its partners to agree a firm consensus is much longer than it takes for a meme-industrial complex to entrench misleading initial hot takes
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To put Avdiivka into context: The entire USMC ground element was concentrated on a 25 KM front. The city falls after four months of fighting, where this force loses more KIA than the entire US military in the GWOT. The French army was then introduced out of reserves to exploit the fall.
January 6, 2026 at 11:57 AM
To put Avdiivka into context: The entire USMC ground element was concentrated on a 25 KM front. The city falls after four months of fighting, where this force loses more KIA than the entire US military in the GWOT. The French army was then introduced out of reserves to exploit the fall.
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These fucking psychopaths are going to destroy NATO. I swear to fucking god.
TAPPER: Can you rule out the US is going to take Greenland by force?
MILLER: Greenland should be part of the US. By what right does Denmark assert control over Greenland? The US is the power of NATO
T: So force is on the table?
M: Nobody is gonna fight the US militarily over future of Greenland
MILLER: Greenland should be part of the US. By what right does Denmark assert control over Greenland? The US is the power of NATO
T: So force is on the table?
M: Nobody is gonna fight the US militarily over future of Greenland
January 5, 2026 at 11:37 PM
These fucking psychopaths are going to destroy NATO. I swear to fucking god.
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The dollar lost more than 10% of its value vis-a-vis the Euro in 2025. Looking forward to reading all the columns of how the US lost 8% of its GDP in just one year and enter a spiral of decline.
(No, I don't think that's how it works, but that's what they did when the dollar rose, so...)
(No, I don't think that's how it works, but that's what they did when the dollar rose, so...)
January 5, 2026 at 11:49 PM
The dollar lost more than 10% of its value vis-a-vis the Euro in 2025. Looking forward to reading all the columns of how the US lost 8% of its GDP in just one year and enter a spiral of decline.
(No, I don't think that's how it works, but that's what they did when the dollar rose, so...)
(No, I don't think that's how it works, but that's what they did when the dollar rose, so...)
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im genuinely curious if this resonates with voters. this naked appeal to imperialism from a shrieking, shrill man
MILLER: The US is using its military to secure our interests unapologetically in our hemisphere. We're a superpower. It's absurd we'd allow a nation in our backyard to become a supplier of resources to our adversaries
TAPPER: Sovereign countries shouldn't be able to do what they want?
M: *yells*
TAPPER: Sovereign countries shouldn't be able to do what they want?
M: *yells*
January 6, 2026 at 12:04 AM
im genuinely curious if this resonates with voters. this naked appeal to imperialism from a shrieking, shrill man
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Trump: We need Greenland. Right now, Greenland is covered with Russian and Chinese ships.
Reporter: What would the justification be for a claim to Greenland?
Trump: The EU needs us to have it.
Reporter: What would the justification be for a claim to Greenland?
Trump: The EU needs us to have it.
January 5, 2026 at 2:47 AM
Trump: We need Greenland. Right now, Greenland is covered with Russian and Chinese ships.
Reporter: What would the justification be for a claim to Greenland?
Trump: The EU needs us to have it.
Reporter: What would the justification be for a claim to Greenland?
Trump: The EU needs us to have it.
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So does Trump think this is like Crusader Kings where if you capture the enemy leader you get to press all your war goals or something?
January 3, 2026 at 7:36 PM
So does Trump think this is like Crusader Kings where if you capture the enemy leader you get to press all your war goals or something?
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WEEEEEEEE
I LOVE STATE COLLAPSE
I LOVE POWER VACCUMS
I LOVE ARMED GROUPS COMPETING TO CENTRALIZE THEIR POWER IN THE ABSENCE OF A LEGITIMATE MONOPOLY ON VIOLENCE
I LOVE THE SPREAD OF REGIONAL INSTABILITY
I T C A N O N L Y G O O D H A P P E N
I LOVE STATE COLLAPSE
I LOVE POWER VACCUMS
I LOVE ARMED GROUPS COMPETING TO CENTRALIZE THEIR POWER IN THE ABSENCE OF A LEGITIMATE MONOPOLY ON VIOLENCE
I LOVE THE SPREAD OF REGIONAL INSTABILITY
I T C A N O N L Y G O O D H A P P E N
January 3, 2026 at 2:29 PM
WEEEEEEEE
I LOVE STATE COLLAPSE
I LOVE POWER VACCUMS
I LOVE ARMED GROUPS COMPETING TO CENTRALIZE THEIR POWER IN THE ABSENCE OF A LEGITIMATE MONOPOLY ON VIOLENCE
I LOVE THE SPREAD OF REGIONAL INSTABILITY
I T C A N O N L Y G O O D H A P P E N
I LOVE STATE COLLAPSE
I LOVE POWER VACCUMS
I LOVE ARMED GROUPS COMPETING TO CENTRALIZE THEIR POWER IN THE ABSENCE OF A LEGITIMATE MONOPOLY ON VIOLENCE
I LOVE THE SPREAD OF REGIONAL INSTABILITY
I T C A N O N L Y G O O D H A P P E N
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The summits will continue until morale improves
December 28, 2025 at 10:26 PM
The summits will continue until morale improves
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China’s industrial profits fell for a second month in November, adding to signs that weakening domestic demand and persistent deflation are weighing on corporate earnings – Bloomberg: ‘Industrial profits dropped 13.1% last month from a year earlier after a 5.5% decline in October’
China Industrial Profits Decline in November as Demand Cools
China’s industrial profits fell for a second month in November, adding to signs that weakening domestic demand and persistent deflation are weighing on corporate earnings.
www.bloomberg.com
December 27, 2025 at 10:57 AM
China’s industrial profits fell for a second month in November, adding to signs that weakening domestic demand and persistent deflation are weighing on corporate earnings – Bloomberg: ‘Industrial profits dropped 13.1% last month from a year earlier after a 5.5% decline in October’
Reposted
Reposted
Waking up to Eurobonds
a man with a beard and mustache is smiling for the camera
ALT: a man with a beard and mustache is smiling for the camera
media.tenor.com
December 19, 2025 at 12:15 PM
Waking up to Eurobonds
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So we have the first Eurobond issuance built on unanimity (as it always requires) but then not with all member-states paying. Wild? Yes also novel - Lucas has got you.
Also this is the first time I see enhanced cooperation and multi speed Europe on a key file.
Hugely important precedent.
Also this is the first time I see enhanced cooperation and multi speed Europe on a key file.
Hugely important precedent.
So what the hell just happened? Two things: Ukraine will get 90 billion euros. And Orbán did not veto that even though he could have.
How so? Short thread:
How so? Short thread:
December 19, 2025 at 10:17 AM
So we have the first Eurobond issuance built on unanimity (as it always requires) but then not with all member-states paying. Wild? Yes also novel - Lucas has got you.
Also this is the first time I see enhanced cooperation and multi speed Europe on a key file.
Hugely important precedent.
Also this is the first time I see enhanced cooperation and multi speed Europe on a key file.
Hugely important precedent.
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There is a lot of wailing and gnashing of teeth over what in the greater scheme of things is a step towards Eurobonds.
And just as Bardella might become France's President, there are also chances that Orban and Fico are gone by 2027 too.
And just as Bardella might become France's President, there are also chances that Orban and Fico are gone by 2027 too.
December 19, 2025 at 8:51 AM
There is a lot of wailing and gnashing of teeth over what in the greater scheme of things is a step towards Eurobonds.
And just as Bardella might become France's President, there are also chances that Orban and Fico are gone by 2027 too.
And just as Bardella might become France's President, there are also chances that Orban and Fico are gone by 2027 too.
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During the chase a man in the cinema told Paddington to "run, you cunt"
December 19, 2025 at 8:59 AM
During the chase a man in the cinema told Paddington to "run, you cunt"
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We gathered today with a clear objective:
to address Ukraine’s pressing financing needs.
We delivered.
90 billion euro for the next two years through EU borrowing on the capital markets ↓
link.europa.eu/6qdC4G
to address Ukraine’s pressing financing needs.
We delivered.
90 billion euro for the next two years through EU borrowing on the capital markets ↓
link.europa.eu/6qdC4G
December 19, 2025 at 3:01 AM
We gathered today with a clear objective:
to address Ukraine’s pressing financing needs.
We delivered.
90 billion euro for the next two years through EU borrowing on the capital markets ↓
link.europa.eu/6qdC4G
to address Ukraine’s pressing financing needs.
We delivered.
90 billion euro for the next two years through EU borrowing on the capital markets ↓
link.europa.eu/6qdC4G
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Just kinda shocked that they just said, f-it, and did the Eurobonds.
It will hardly be covered but that’s hugely important for the EU and Ukraine. EU crossed joint borrowing rubicon. They can just do it again, and again. There aren’t enough Euros in debt markets.
It will hardly be covered but that’s hugely important for the EU and Ukraine. EU crossed joint borrowing rubicon. They can just do it again, and again. There aren’t enough Euros in debt markets.
December 19, 2025 at 3:16 AM
Just kinda shocked that they just said, f-it, and did the Eurobonds.
It will hardly be covered but that’s hugely important for the EU and Ukraine. EU crossed joint borrowing rubicon. They can just do it again, and again. There aren’t enough Euros in debt markets.
It will hardly be covered but that’s hugely important for the EU and Ukraine. EU crossed joint borrowing rubicon. They can just do it again, and again. There aren’t enough Euros in debt markets.
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"A human-centered approach is key, and the rights, safety, and dignity of employers and employees must be strictly respected." - Andrzej Buła, MEP.
Parliament is demanding new measures to protect against algorithmic management at work.
🔗 Learn more ↓
Parliament is demanding new measures to protect against algorithmic management at work.
🔗 Learn more ↓
MEPs demand new measures to protect against algorithmic management at work | News | European Parliament
On Wednesday, Parliament called on the European Commission to propose rules on the use of algorithmic management in the European workplace.
www.europarl.europa.eu
December 18, 2025 at 2:19 PM
"A human-centered approach is key, and the rights, safety, and dignity of employers and employees must be strictly respected." - Andrzej Buła, MEP.
Parliament is demanding new measures to protect against algorithmic management at work.
🔗 Learn more ↓
Parliament is demanding new measures to protect against algorithmic management at work.
🔗 Learn more ↓
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🇪🇺 Ukraine needs ~€137B in 2026–27, and the EU must cover two-thirds, says von der Leyen. She urges action: either fund it via frozen Russian assets (blocked by Belgium) or joint EU borrowing (requiring unanimity).
“No act of European defence is more important than supporting Ukraine’s defence.”
“No act of European defence is more important than supporting Ukraine’s defence.”
December 17, 2025 at 11:52 AM
🇪🇺 Ukraine needs ~€137B in 2026–27, and the EU must cover two-thirds, says von der Leyen. She urges action: either fund it via frozen Russian assets (blocked by Belgium) or joint EU borrowing (requiring unanimity).
“No act of European defence is more important than supporting Ukraine’s defence.”
“No act of European defence is more important than supporting Ukraine’s defence.”
Reposted
The ability to have a market pause between Friday and Monday was a key means through which governments could contain financial market crises before things got out of control
December 16, 2025 at 8:30 AM
The ability to have a market pause between Friday and Monday was a key means through which governments could contain financial market crises before things got out of control