"It's actually enraging how the World Bank can suddenly change its mind about industrial policy like "Oops, for the past 45 years we systematically prevented you from using the most obvious tool for sovereign development, keeping you stuck in poverty and dependency, lol".- @jasonhickel.bsky.social
Why did Orbán lose? The external scaffolding of his regime is often underappreciated—and parts of it started to come undone. I wrote this before the election:
brettoninthewoods.substack.com/p/the-house-...
Mark Sobel and I discussed the new global imbalances at the IMF yesterday.
Its fair to say we are both jittery about them and not optimistic on their resolution through international coordination.
A crisis of sorts is more likely.
m.youtube.com/watch?v=F21W...
12 more states have bills to ban new data centers but Maine passed theirs first. The future is absolutely up for grabs.
thehill.com/homenews/sta...
A very generous review of THE ASSET CLASS in this week’s New Statesman from @duncanweldon.bsky.social, who really got what I was trying to achieve when he described it as a “detective story” that “reads more like a thriller”.
In print today! www.newstatesman.com/culture/book...
“Orbán’s banishment is a blow to the fatalism that has become so fashionable in western democracies. There’s nothing inevitable about the march of the populist-oligarch right.”
My Swamp Notes with @gideonrachman.bsky.social. Free to read. as.ft.com/r/a16fea82-8...
1/10
Good FT article on the role of Chinese investment in manufacturing in Europe. I worry however that EU policymakers may be framing the issue poorly. This should not be about managing incremental, country-by-country changes in production.
www.ft.com/content/873a...
Can’t really shake the feeling that at least one of these numbers suggests some mispricing.
Very useful comparative oil shock data viz.
Live from 16:00 CET/ 10:00 ET: Looking forward to speaking with Francine Lacqua on Bloomberg TV about the economic outlook for Europe www.youtube.com/watch?v=CWx9...
“Global role of the Euro”: Today 14:30 CEST @europarl.europa.eu Committee on Economic and Monetary Affairs hearing with @shahinvallee.bsky.social @tl-beck.bsky.social Marie-Sophie Lappe.
Details and EGOV background: www.europarl.europa.eu/committees/e...
Green TLTRO
My thoughts in @theguardian.com about what Magyar's election means for Hungary, Europe and Ukraine
With the great @nathalietocci.bsky.social and @zecsaky.bsky.social
www.theguardian.com/commentisfre...
And the second punch by JD Vance! Can’t thank him enough
It’s a great moment to remember that in the leadup to this popular uprising, the first major gut-punch was delivered by Budapest Pride. Poetic justice. 🇭🇺🏳️🌈
‼️🇭🇺🇪🇺 Here is a potted timeline thread marking some of the key milestones that built Prime Minister Viktor Orban's illiberal democracy in Hungary over his 16 years in power. His tenure looks likely to end tomorrow. The table stakes for Hungary and Europe could not be higher 1/
"Retention is the only thing holding the Army up, from a metrics standpoint. And it is crumbling fast" www.npr.org/2026/04/10/n...
a massive global overview of policies enacted in response to the latest fossil fuel crisis.
Terrifying how many of these will help lock in fossil fuel reliance, worsen climate pollution, suck money from governments and subsidise rich people's overconsumption
www.iea.org/data-and-sta...
On ceasefires and such promises
Ghalibaf speaks.
If you have Hungarian friends, please check in on them. Netflix has nothing on this election campaign: a twisting spy scandal, Russian meddling, Orbán off the rails. And we still have four days left.
I wrote a (still slightly incredulous) rundown 👇
brettoninthewoods.substack.com/p/inside-hun...
"Get ready for Nuremberg"
Well said, British Airways
ECB to European governments: Please please invest in renewables, it’ll make our job so much easier. Plain as day.
Economists call that selection bias. The most transatlantic people, at the utmost transatlantic conference in the most transatlantic country getting shitfaced with their own koolaid.
We just need Germany to deny airspace and use of the Ramstein Base
x.com/g7/status/20... global imbalances report for the G7
🇪🇸 L'Espagne, dont le gouvernement de gauche est "totalement opposé" aux attaques américano-israéliennes contre l'Iran, a fermé son espace aérien aux avions américains impliqués dans cette guerre, a annoncé lundi la ministre espagnole de la Défense.
without France?
