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David Fickling
@davidfickling
, 3 tweets, 3 min read Read on Twitter
One thing I find odd about the argument @pimco argument that yields are negative because we're all saving more (as described in this great @BChappatta piece bloomberg.com/opinion/articl…) is that as far as I can see we are not, in fact, saving more.
@PIMCO @BChappatta Here's Germany:
@PIMCO @BChappatta I mean, these charts are modestly up on a decade ago but compared to eras (the 70s! the 90s!) associated with high interest rates they're actually sharply down
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More from @davidfickling see all

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David Fickling
@davidfickling
Peugeot-Citroen's love affair with China could be coming to an end -- or could be preparing for a new dawn. (thread) bloomberg.com/amp/opinion/ar…
Per this scoop from Bloomberg today, Dongfeng motor is considering selling its 12% stake in PSA Group, maker of Peugeot and Citroen.

bloomberg.com/news/articles/…
This will make a great trading profit. They bought it for €800m as part of a 2014 bailout brokered by the French government. It's now worth €2.2bn. PSA is the third-best performing auto stock globally over the past 5 years.
Read 8 tweets
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David Fickling
@davidfickling
Who was the last Renaissance Person -- a polymath with genuine and important expertise in a broad range of arts and sciences?

Tempted to say Goethe, anyone more recent?
Getting a lot of really interesting answers but few of them really cross the arts/sciences divide. Best examples that did really substantial work on both sides (George Eliot, JS Mill, Bertrand Russell) all use *philosophy* as the bridge. Not many with hard science & soft culture.
I wonder if the answers are Danica McKellar, Mayim Bialik, Colin First, Natalie Portman and Kristen Stewart en.wikipedia.org/wiki/Erd%C5%91…
Read 4 tweets
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David Fickling
@davidfickling
This is why I find the whole "Hmm, Chinese students overseas rarely criticize the CCP, they must all be brainwashed/sincerely loyal" such an annoying framing.

What they are is *circumspect*.
Some no doubt *are* sincerely loyal. Some, perhaps quite a large share, will be Party members. Some will really never have heard alternative views and aren't interested.

But it's not all stimulus-response. Many just think before they speak, and decide it's not worth the risk.
If you think Chinese overseas students on the news seem oddly likely to echo CCP propaganda, it's worth reflecting that this is the only risk-free form of public political speech they can engage in.
Read 4 tweets

Related threads

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Heshmat Alavi
@HeshmatAlavi
SHORT THREAD

1)
 20 years ago today, on July 9th, 1999, tens of thousands of students rallied across Iran, rocking the very pillars of the mullahs’ regime.
#IranRegimeChange
2)
 Iranian President Hassan Rouhani, then Secretary of the High National Security Council, directed & supported the severe crackdown.
(Farsi video)

He literally says authorities were prepared to "butcher" the protesters.

Some in the West still describe Rouhani as a “moderate.”
3)
 The “moderate” Rouhani had described the protesting students as “enemies of the state.”

(Note: I don’t agree with all issues raised in this piece.)
bloomberg.com/opinion/articl…
Read 5 tweets
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Andy Mukherjee
@andymukherjee70
My take on Team Modi 2.0 (written before the awful GDP data) will soon be on the web. I’ll supply a link. Here’s a thread with some thoughts: My reading of Nirmala Sitharaman as finance minister is that Modi wants to drive the agenda from the backseat. That is both good and bad.
Obviously, the economy warrants decisive leadership. A lot of buzz has been created around privatisation, labour and land reforms under Modi 2.0. I have recently argued in favour of using structures like InvIT, TOT and NIIF for asset monetisation at scale. google.com.hk/amp/s/www.bloo…
Since ministries (such as labour) have to be on board, I see Sitharaman’s role as a sort of coordinating minister for economic affairs. So far so good. The risk of Modi driving the agenda is that his strongman instincts could, like in Modi 1.0, push institutions into irrelevance.
Read 14 tweets
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Jack Murphy
@jackmurphylive
Congratulations, @tylercowen - you've just discovered hypergamy.

When girls are introduced to high achieving men they end up with lower math scores and more babies.

They focus less on school and more on....the high achieving men around them?

bloomberg.com/opinion/articl…
And in the second study, a gender BLIND study, it's found men write better grant applications than women?

Like, whoa.

Can't we all just accept that maybe, just maybe, men and women are different, have different desires and aptitudes, and thus different outcomes?
Women use "narrow" words and men use "wide" words?

What gobblygook is this? Maybe men are better at ideation and systems awareness than women are?

Maybe men are just better writers?

We know women are less apt at spacial awareness, why not idea awareness too?
Read 15 tweets
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Noah Smith 🐇
@Noahpinion
Here's what I would do to reduce the cost of college while maintaining funding levels for research:
bloomberg.com/opinion/articl…
In addition to lowering costs, we need to do a lot to improve access.

bloomberg.com/opinion/articl…
Right now, it looks like demand for college might be falling. Making college cheaper, and encouraging more people to apply, might reverse that trend.

bloomberg.com/opinion/articl…
Read 3 tweets
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Tim O'Brien
@TimOBrien
There’s a ritual for ex-West Wingers; let’s call it the “it-was-sometimes-really-horrible-working-in-the-Trump-White-House-but-I-decided-to-continue-debasing-myself-anyway-because-there-were-things-I-wanted-that-made-it-worth-selling-my-soul” sacrament. bloomberg.com/opinion/articl…
“Lest it’s lost on anyone by now, Donald Trump is not some Peter Drucker-style organisational guru. He doesn’t have a management “theory” at all...and anyone using consultantspeak to parse Trumpian chaos, staff turnover and bumbling is kidding themselves.” bloomberg.com/opinion/articl…
In a dysfunctional White House overseen by a president who cares more about talking points than policy, Stephen Miller outlasted competitors and will steer President Trump’s already ruthless immigration policy even more directly than he has in the past. bloomberg.com/opinion/articl…
Read 3 tweets
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David Neiwert
@DavidNeiwert
You keep holding up black unemployment's historically low levels as though black people should just be eternally grateful for the work you've given them. But there's a catch to those numbers -- including the reality that hate crimes are through the roof. Thread follows. 1)
2) First of all, while black unemployment is indeed at a record low, it's _still_ more than double the rate of white unemployment.

bloomberg.com/opinion/articl…
3) More here.

epi.org/publication/20…
Read 9 tweets

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