Erik Fossing Nielsen 🇪🇺 🇺🇦
@ErikFossing
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Sr Advisor ‘Independent Economics’ - Ex Chief Economist UniCredit. Ex Goldman Sachs Chief European Economist, World Bank, IMF, Danish central bank.
London and Berlin
Joined October 2013
Is “auditioning” really the right word here?.
It’s such a huge nomination to give out. Why not maximize the number of people auditioning for it?.
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Taxes-Swiss-or-Irish style, right? - ie taxes determined via some sort of negotiations between tax authorities and individuals agents, and not necessarily available to others?.
We need a name for this new government revenue-sharing model. I propose we call them: taxes.
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Stagflation under way !!!.
Fresh inflation data showed tariffs are pushing goods prices higher, creating a dilemma for the Fed of whether to hold rates steady in September. July's CPI print showed core inflation rose 3.1% YoY, hotter than the 3% expected and up from 2.9% in June.
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Tonight I was listening to one of the truly great Americans, as he wrapped up his European tour in Copenhagen. What an example to the world! The one and only @SantanaCarlos
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🤣.
Finally some honesty and good news coming from Crocs CEO:. "Rees also acknowledged that consumer tastes were changing, threatening the “ugly” shoe trend that has greatly benefited Crocs.".
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Sie sind zu höflich. Ein schwarzer Fleck auf der Union im Bundestag!.
Wie frustrierend.
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US “stagnation theme is intensifying”, as persuasively put by Apollo’s Torsten Slok, who reviews latest growth and inflation indicators . It’s becoming clear that the real estate guy turned reality TV star’s understanding of economic policy matters didn’t stack up to his claims.
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RT @SanderTordoir: And so begins the Great Rutte Defence Hustle™ — 1.5% of GDP on 'infrastructure' and other creative accounting marvels.
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National security… cost will count towards the 5% defence spending and Trump will be happy.
ITALIAN GOVERNMENT COMMITTEE HAS APPROVED MULTI-BILLION-EURO SICILY BRIDGE PROJECT - GOVT LEAGUE PARTY.
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RT @business: The two US Treasury chiefs in office during the global financial crisis warned about potential threats to the $29 trillion Tr….
bloomberg.com
The two US Treasury chiefs in office during the global financial crisis warned about potential threats to the $29 trillion Treasuries market ranging from an unsustainable fiscal path to concerns...
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When will corporate America stand up and speak out against this administration?.
President Trump says big banks have turned him away, revives discrimination allegations
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RT @W_Schmidt_: 2️⃣ Vorab: Alle, die arbeiten können, sollen arbeiten. Auch Ukrainerinnen & Ukrainer. Da ist noch viel zu tun – die alt….
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Funny - and probably as accurate on both as it gets.
The difference between negotiating with Putin and Trump, according to European Central Bank President Christine Lagarde. Putin is unbelievably thorough, detailed, knowledgeable and when he works on a file with you, he doesn't have any paper. He doesn't have any material, he
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Dangerous logic. If I applied it in my own household I would go broke.
"Much better to have a government-issued digital currency and not need it than to need one and not have it.".
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Under Trump the only constant is change (caused by confusion about his chaos).
My prior had been tariffs wouldn't reduce trade deficit much if all, in part because dollar would rise. I had to revise my priors as dollar fell this year making some deficit reduction plausible. Now the dollar is rallying so wondering if should revert to my earlier prior. .
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I am making the point that “quality of life” - defined as comb of per capita income (in PPP), hours worked vs leisure time, vacation time and opportunities, health and life expectancy and social mobility are better for the vast majority of Europeans relative to Americans. Fact!.
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Put differently, Trump bows to China’s demand to decide who can - and who cannot - visit the US. Interesting!.
ft.com
Move comes as US and China hold trade talks and seek to stabilise relations
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Fair, I got the decimal point wrong:. US: 78 yr.Eurozone: 82 yr (All EU: 81). Source: The World Bank:
@ErikFossing Except life expectancy these are misleading and even flat out wrong stats.
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The beauty of democracy.
@ErikFossing I did not vote for a party which was supporting this woman.
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