Timur Zolkin

Global Macro | International Economics and Finance | Newcomer to Credit Risk Modelling & Data Science | Python to R | DataViz

🇬🇧🇩🇪

[Timur Zolkin @TimurZolkin]

@WinMonroe DoLR - Depositor of last resort

[Albert Pinto @70sBachchan]

ChatGPT wins this round
meme thanks to @besttrousers https://t.co/QD2dLuZQ47

[Davis Kedrosky @dkedrosky]

2) Apologies, one more military history. Meyer's *A World Undone* applies the grace, poignancy, and raw excitement of Barbara Tuchman to the entirety of World War I. Listened to as an audiobook, which is brilliantly narrated by Robin Sachs.

[Iñaki Aldasoro @i_aldasoro]

A thread with links to academic work on the role of the dollar done by Hyun and coauthors in recent years.
In addition, there is a wealth of work done by others, at the BIS (including yours truly especially on dollar funding - see eg pinned tweet) & externally of course as well

[Timur Zolkin @TimurZolkin]

@70sBachchan "We will need significant monetary policy response"

[Jens Nordvig @jnordvig]

Back in 1992, the Bank of England quickly lost currency reserves, as it was trying to buy GBP in an attempt to stabilize the exchange rate (and keep it within the ERM band)

screen-shot via https://t.co/1peByssux2

[Albert Pinto @70sBachchan]

"Noooo you can't just say omnishambles,shitshow or clusterfuck! Polycrisis has roots in complexity theory, and philosopher Edgar Morin's “complex intersolidarity of problems, antagonisms, crises, uncontrollable processes”

For God's sake Listen to yourself
https://t.co/Roro4wj2zz

[Brad Setser @Brad_Setser]

Finally, I am not a fan (at all) of using the dollar's share of global reserves as the measure of the dollar's global position. Absolute holdings of dollar reserves matter too --

4/x

[Maia @maiamindel]

1992: macroeconomics is useless. Study micro.
2002: macroeconomics is useless. Study micro.
2012: macroeconomics is useless. Study micro.
2022: Why does nobody know what inflation or a recession are?

[Timur Zolkin @TimurZolkin]

@JosephPolitano @phelprya My favorite type of finance graph is "As you can see Fed balance sheet growth drives S&P..."

[Philipp Heimberger @heimbergecon]

Nice that people like Krugman now provide intellectual support for selective price controls/rationing. But at the start of the year, they called @IsabellaMWeber and others making the case for price controls "stupid". Time to acknowledge them and apologise!
https://t.co/FNOv0vMJ0x

[Isabella M Weber @IsabellaMWeber]

First Martin Wolf calling for price controls @ft, now this by Paul Krugman @nyt. Who's next?
https://t.co/kQpTZnKcL6

[Tracy Alloway @tracyalloway]

🚨BIG ODD LOTS EVENT🚨

@TheStalwart and I are very excited to announce that we'll be hosting a LIVE EPISODE TAPING featuring Zoltan Pozsar and Perry Mehrling, who'll join us to debate the future of the dollar.

This is coming up soon - ON TUESDAY, SEPT 6 - so RSVP now!

[Joey Politano 🏳️‍🌈 @JosephPolitano]

By age 30 you should be a practical man, who believe themselves to be quite exempt from any intellectual influences, but remains the slave of some defunct economist.

[Nathaniel Powell @natkpowell]

This is a brilliant takedown of the shoddy research and "fitting facts to theories" inherent to Acemoglu and Robinson's treatment of Africa in their airport bookshop bestseller.

[Timur Zolkin @TimurZolkin]

@adam_tooze @Shahinvallee @rike_reimer @katie_kedward @jryancollins @DanielaGabor To paraphrase an ald adage: "We are all macrofinance people now".

[Win Monroe @WinMonroe]

Incredible GFC story here I wasn't aware of

[Timur Zolkin @TimurZolkin]

Coming back to #TidyTuesday #Week31 after a short vacation.

Looks like male and female frogs definitely have different habits when it comes to choosing the place of habitat!

#rstats #dataviz

Code: https://t.co/HkunPrjdt6

[Albert Pinto @70sBachchan]

30/ "China finds US behavior intimidatory, provocative and insulting, & like the Athenians, even as its power and confidence rise, so does its fear"

Countries are arming themselves to the teeth in Asia as US-China power politics heat up. ht @PatPorter76
https://t.co/3EVPE3uP4m

[Ricardo Reis @R2Rsquared]

** Blaming the ECB for an Italian debt crisis?

As the ECB (finally!) raised rates to curb inflation it announced a new bond-buying program. If that fails and an Italian debt crisis follows, is the ECB to blame? Some rough back-of-the-envelope numbers on 🇮🇹 debt fundamentals… 🧵