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Daniela Gabor
@DanielaGabor
, 5 tweets, 2 min read Read on Twitter
A year ago today, JP Morgan started the run on #Argentina, proving that global financial cycle is stronger than any close friendship between global banks and right wing governments h/t @pablobortz m.ambito.com/365-dias-crisi…
JP Morgan liquidated its LEBAC (central bank paper) positions and took out USD 800 million with no mercy for Macri government, which could have faced a run better at any other point but end April
a year later, Macri government has tried every move in the IMF orthodox playbook, including base money targeting, and it's not working. ftalphaville.ft.com/2019/04/25/155…
and note, contrary to @FTAlphaville piece, that Macri just moved to 'heterodox' measures as last resort, after it tried serious monetary&fiscal austerity for a year
wow, JP Morgan has some nerve hosting events on Macri's failures, when it's known in Buenos Aires as the 'traitor' who pulled the plug on the peso last year, ending its romance with Macri government
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Daniela Gabor
@DanielaGabor
Wow Puerto Rico is getting a #Greece structural adjustment : privatization of public utilities, deregulation of labour markets, welfare-to-work.
The joy of being in a monetary union with a hegemon that cares little about you compounded by fact that Puerto Rico doesn't get external support like Carribbean Development Bank.
While official discourse says privatization of electricity grid will lower costs, when pushed officials recognize legitimate questions of 'how many of the 60% not in formal labour market will get off grid' and how many people will leave Puerto Rico w structural adjustment
Read 3 tweets
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Daniela Gabor
@DanielaGabor
not one to ruin a party, but @PowerAfricaUS is not such a simple story of effective US-led development interventions. Quite the contrary
it is also an age-old technique of extracting profits from poor countries in the name of development
it does little for institutional capacity or developmental states
Read 4 tweets
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Daniela Gabor
@DanielaGabor
the @Europarl_EN is about to pass a new macro-finance initiative that threatens fiscal policy space for Euro Member States - 'far from being a stabilizing mechanism for the euro, SBBS would become yet another instrument of fiscal discipline'.
SBBSies wont do much good when a euro country comes under pressure in sovereign bond markets, but it can do significant damage #safeasset
no matter how many speeches and op-eds we get from European leaders calling for a Europe that can oppose US and China, we wont get one unless we can create a single safe asset. If only the new #ECB governor would fight for this #Benoit2019
Read 3 tweets

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Hassan Ahmad 🇺🇸
@HMAesq
Today may be a day to celebrate love, but #VDay will forever be stained with the blood of 17 kids shot to death at #StonemanDouglas one year ago today.

The #Parkland students didn't ask to become the mouthpiece for calling out the @NRA and its decades old fraud. But they did.
Fraud? Yes.

Those are the words of former Chief Justice of the Supreme Court Warren Burger (1969-1986.)

Let me state it clearly:

NO COURT HAS EVER RULED THERE IS AN INDIVIDUAL CONSTITUTIONAL RIGHT TO BEAR ARMS.

That is not, that is never, what the #2ndAmendment has said.
Watch for words like "school safety" and "God-given right" and "patriotic." The @NRA has spent lifetimes of money creating this narrative.

In my home state of Virginia, the Safe VA Initiative released policy recommendations for the 2019 term:

vahousedems.org/wp-content/upl…
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Sandra Cuffe
@Sandra_Cuffe
Today in #WhyPeopleFlee #Honduras, history edition:
Elections 1 year ago today were so suspect that the head of the OAS called for new elections, but the US recognized the outcome, deepening the crisis. Here's a thread of my reporting re US role, protests, crackdowns & more. 1/12
"They all know full well that the candidacy of Juan Orlando Hernández has no legal basis," priest and activist Ismael Moreno said of the US, OAS, UN, and European Union. The Honduran Constitution bans presidential reelection. That didn't stop it. 2/12 towardfreedom.org/archives/ameri…
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#RenukaJain, FCA 🇮🇳
@RenukaJain6
Today is the 10th anniversary of the Lehman bankruptcy. This is how stocks clofsed on that day...

S&P 500: -5%
Wells Fargo: -10%
JP Morgan: -10%
Goldman Sachs: -12%
Morgan Stanley: -14%
Citigroup: -15%
Bank of America: -21%
Lehman Brothers: -99.4%
if you bought stocks at the close that day and held to today...
JP Morgan: +285%
S&P 500: +198%
Wells Fargo: +126%
Goldman Sachs: +93%
Morgan Stanley: +75%
Bank of America: +27%
Tech stock returns since the Lehman bankruptcy 10 years ago today...
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Nvidia: +3,112%
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Apple: +1,160%
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Adobe: +621%
Microsoft: +443%
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S&P: +198%..
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Far Left Hate Watch ❌
@FarLeftHate
Why does Twitter deliberately target Right-wing accounts for Shadow-banning and why it will sooner rather than later completely back-fire and why they are ultimately going to destroy the Left and what a great day that will be. Thread. 1/15
It is no surprise Twitter targets accounts for “wrong think” or as we on the #Right like to call it “free-think” this is because of two events which are now totally and utterly inextricably linked, #Brexit and #Trump and the Establishment have been rocked to the core. 2/15
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Zach Everson
@Z_Everson
Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
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-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
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Chicago Bond Fund
@ChiBondFund
Today is the first day of a new bail process in Cook County designed to end pretrial detention due to unpaid money bonds! #EndMoneyBail
We're at the Cook County Criminal Court for the Rally to End Money Bail!!
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