Mhm there are quite a lot of books describing what’s wrong w the European macroeconomic construct but I don’t know one that pulls the story together, so I will try in a thread: /1
⏰Only 3 days left to apply for ‘Founders’, Ireland’s Talent accelerator!
40 exceptional individuals. €100k seed investment. No idea needed. Plus, €2,000 monthly stipend. 💸
What would you do if you weren’t afraid? Deadline is this Sunday at midnight. https://t.co/fO1wJRRUAl
The Dublin Rape Crisis Centre has launched a new online anonymous platform where survivors can share their stories.
@DublinRCC @WeConsentIRL @RCNIreland @WomensAidNI
https://t.co/t4RTrVw5Lh
The Bloomberg survey of professional investors shows that 90% think that “companies on both sides of the Atlantic have been raising prices in excess of their costs since the pandemic began in 2020. “ Almost four out of five said that tight monetary policy is the answer 1/
Since there wasn’t time to explain a possible alternative to debt to GDP let me try with a little visual:
The idea is to compare debt to the asset stock that can still operate in a net zero world.
2 reasons why this tracks fiscal sustainability better than debt to GDP: /1
In this week's newsletter: The next budget will see the government faced with huge amounts of spare cash, but very few ways to spend it well.
My argument that the surplus should be saved:
https://t.co/2FFshGED0v
The EU's new fiscal rules are based on GDP, so they'll barely apply to Ireland because our GDP numbers are half make-believe. Handy 🤷
https://t.co/PgU0rEJ4OF
@Bubblenoma From memory of the last time I read up - Vitamin D doesn't have enough science behind it to be an official recommendation, but the early research seemed significant and promising and there's no real downside to taking a daily supplement. Worth a punt.
I can finally say it: I settled the bet early with @balajis! Took some time to work out the details but he proceeded in good faith and you can see the receipt of funds on chain in the next tweet. $500k to me (so I get 30% post tax as planned) and 500k to @GiveDirectly
I really hope there’s a team in some Government department getting ready to analyse, rank and purchase commercial property at steep discounts and convert it to (emergency) accommodation, if/when the market turns.
On a 12-month basis, €24 billion of Corporation Tax has been collected. It is now heading for €5,000 on a per capita basis with most of this paid by foreign-owned firms. It is unclear where the peak will be as it continues to go in only one direction.
The table below shows the annual increase in residential rents across a group of EU comparators and Ireland between 1997 and 2022.
Red = average annual rents up by 5% or more
Green = increasing by 2% or less
Yellow = rents falling
Spot the outlier.