"Inflation has... pretty much come from nowhere."
-Christine Lagarde
European Central Bank President
They printed trillions of Euros and had negative interest rates for years. Now they pretend they didn’t cause any of it.
🔊
This week I closed a huge chapter in my life by defending my PhD thesis. Thank you @CasasCabanas and @MarineReynaud for these years and all shared experience, so glad to have had you as my supervisors! @energigune_brta@upvehu
💯👏 We want to congratulate @aga_wizner for successfully defending her doctoral #thesis today at @upvehu!
"Design & synthesis of new insertion electrode materials for Li-ion & Na-ion #batteries identified via the Bond Valence #Energy Landscape approach."
🎓🙌 Congrats,Doctor!
Short the Top? Never. Reject dramatic posturing. The hero is the person who can step away from it all, order the desk to close all risk, to heck with the clients, to disengage, to feel the sensation of being risk-less; the agony of being deprived risk or the ecstasy of clarity?
How can anyone believe that the US can repay a #Debt of currently $29 trillion and rising to $50 trillion with an annual #Deficit of $3 trillion – a deficit which is rising exponentially? The simple answer is that they never will repay it. Instead it will increase uncontrollably.
China's banking assets are now around $52 trillion. They’ve grown by $40 trillion since 2008. They’re now 2x the size of the US banking system and China’s banks have added the equivalent of the US banking systems in just eight years. This is what hyper MMT looks like - One River