Philippe Ledent

Economist at ING, Invited lecturer UCL and...Fly-fisherman. Comments on Belgium and much more. Views expressed are not necessarily those of my employer

[Philippe Ledent @PhilLedent]

@CGollier @Challenges Super texte, comme toujours… le texte est-il libre de droits (je peux l’utiliser dans un de mes cours à l’UCLouvain? ). Merci.

[Geert Noels @GeertNoels]

Het probleem in Europa en België zit vooral tussen de oren: de ideologie van "degrowth" heeft een sterke basis gekregen in allerlei overregulering, en de traditionele media hebben veel aandacht voor neocommunistische ideologieën.
We vergeten hoe we welvarend zijn geworden.

[ING Economics @ING_Economics]

🇫🇷 🇧🇪 Belgium sits at the bottom of the league table with France when it comes to public deficits

But Belgium has some unique advantages and opportunities that France no longer possesses. Take a look:

https://t.co/d0UEZfduPd

[Christian Gollier @CGollier]

Quand les économistes sérieux essaient de simplifier le problème par pédagogie pour transmettre la substance d’un raisonnement complexe, on leur dit que c’est du « foutage de gueule ».

Quand ils donnent le modèle complet, on les ignore !

[Michael A. Arouet @MichaelAArouet]

Happiness vs GDP per person. Really difficult to argue against this correlation, isn’t it cute that so many people seriously argue that GDP is not the right metric for prosperity?

[Christian Gollier @CGollier]

Pourquoi est-il si difficile de quitter le PIB comme mesure de bien-être ? Parce qu’il mesure le pouvoir d’achat des gens. Et, n’en déplaisent aux décroissants, le pouvoir d’achat est un sujet premier de leurs préoccupations. https://t.co/6nes33PG8E

[Geert Langenus @GeertLangenus]

BREAKING: BYD announces that it will no longer produce cars but only drivable computers.

[Olivier Blanchard @ojblanchard1]

The idea behind the so-called Mar a Lago Accord was to make the dollar less attractive. No need for an accord anymore. The markets are doing it all on their own. (Yes, with a more likely recession, higher interest rates, and a higher likelihood of a fiscal crisis, but, hey, nothing is perfect…).

[Geert Langenus @GeertLangenus]

Maybe the cuts aren’t real?

[Philippe Ledent @PhilLedent]

@GeertLangenus Dent Lee agrees with you…

[Michael A. Arouet @MichaelAArouet]

DOGE success is simply breathtaking

[Geert Langenus @GeertLangenus]

Hey, as long as it is fair and reciprocal and calculated using Greek letters!

[Olivier Blanchard @ojblanchard1]

The usual conundrum about the interaction between economic policy and the stock market.

The stock market crash is going to put pressure on the Trump administration to retreat on tariffs (at least, de facto. I am sure the rhetoric will be triumphant).

My guess is that the retreat will be partial and messy, with more retreat against players with more bargaining power (China perhaps excepted).

But, if so, maybe the retreat means that the future may not be as bad as it might have been, and the crash may be excessive. 😊 To be monitored.

[Jim Bianco @biancoresearch]

Elon just tweeted this video of Milton Friedman arguing against tariffs.

[Geert Langenus @GeertLangenus]

When you’re Donald Trump and you always want to be the smartest man in the room, you have to choose your cabinet members carefully.

[Erik Fossing Nielsen 🇪🇺 🇺🇦 @ErikFossing]

In my last Sunday Wrap (at least for my UniCredit chapter of work life) I discuss the destruction to the global system caused by Trump, and draw the conclusions for the next 5-10 years for growth, inflation, markets etc (Europe will be okay!)

Stay tuned

https://t.co/Q53hQ2QpaE

[Peter Spiegel @SpiegelPeter]

Having a hard time tracking @realDonaldTrump's tariffs? You're not alone. @washpostbiz has a new interactive tracker showing which #tariffs have been threatened, which dropped, and which enacted. Hours of fun for the whole family! https://t.co/Hw3xmvJ8fI

[Geert Langenus @GeertLangenus]

This is brilliant again. Trump defies mathematics.

“Illegal border crossings have plummeted by numbers that nobody has actually ever seen before. Much more than 100%.”

Thank you Mr President!

[Julien Hoez @JulienHoez]

Mario Draghi barrels into European politicians and leaders for their inaction:

"You say no to public debt. You say no to the single market. You say no to create a capital market union. You can't say no to everything...You ask me what's best to do…I don’t know, but do something"

[Vous avez bu Didier @ElCrackitoDuNet]

C’est exceptionnel, une régalade.