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On Mark Carney's final day in office - last of the Central Bankers which also dealt with 2008 - 4 perspectives on his achievements and challenges across crisis mgmt, climate agenda, future of finance, & modernisation of the @bankofengland 1/5
Climate: "Before Mark, it wasn’t in the bloodstream. Now the Bank is seen as leading the world on climate change” BoE Chief Economist Andy Haldane to @PhilAldrick @thetimes thetimes.co.uk/edition/busine… 2/5
Modernisation: “The Bank is now a much more confident institution: it is more at ease with independence & therefore more prepared to work with the Treasury to solve the deep problems facing the British economy” @nickmacpherson2 to @ChrisGiles_ @ft 3/5 ft.com/content/f6187c…
Crisis mgmt: "We are actors in a play written by others" Carney in 2016.
For future historians to weigh up but in the meantime great interview w/ @flacqua @business 4/5 bloomberg.com/news/videos/20…
Future of Finance: “He has transformed the Bank’s agenda on how it looks to shape the future of finance,” me to @philaldrick @thetimes

And adding @rbrharrison

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Tuomas Malinen
@mtmalinen
This is a topic we raised in September 2017, but I haven't commented this for a while.

Thus, I think it's good time to remind all, why we have experienced so nascent recovery from the GFC.

A thread on why global growth has waned.

We, naturally, start with this. 👇 1/
Global productivity growth stagnated in 2012. This is something that should not happen outside major crises, as shown in the figure above.

So, what's going on?

We dealt with the topic extensively in the March 2019 issue of our Q-Review. 👇2/
gnseconomics.com/en_US/2019/03/…
Already in June 2013, we warned that:

"It is possible that the banking sector and the world economy were saved by using too strong methods in 2008. As a consequence of this, it is also possible that the world economy is more like zombie economy, where... 3/
Read 17 tweets
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Chris Espley
@ChrisEspley1
Why is Bitcoin about to go on another run? 📈

I knew Bitcoin was going to the moon, but the shift in the narrative around Bitcoin this week has floored me.

Friday thread 🚀
We know that Bitcoin goes on these crazy price runs.

Here’s the log scale chart (y axis moves up 10x each marked interval) showing Bitcoin’s price history.

H/t @ChartsBtc Image
When Bitcoin goes on a mad one, it hits the news and stays there for months. New people buy in and begin to learn about it.

It’s usually met with scepticism and a perception that it’s all speculation and silliness.

Something is different this time.
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Jakub P. Hlávka
@JakubHlavka
Great read in @nytimes by @NathanielRich, focusing on the decisive decade when humankind first came to a broad understanding of the causes and dangers of #climatechange.

#ClimateEmergency #climateaction #climate

nytimes.com/interactive/20…
"More carbon has been released into the atmosphere since the final day of the #Noordwijk conference, Nov. 7, 1989, than in the entire history of civilization preceding it."
"By the end of the 21st century, scientists predict that Switzerland could face a temperature increase of five degrees Fahrenheit because of climate change; by then, a majority of central #Switzerland’s glaciers will have disappeared."
Read 9 tweets
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Dr Kristina Hill 🏳️‍🌈
@kzhill
Finally had a minute to read this. Lots of thoughts. First, I agree with most of it, and have been saying the same thing for years - that big splashy design firms exaggerate the value of their work re #climate, a lot. Thread.
placesjournal.org/article/design… via @PlacesJournal @joobilly
But the tone is so busy being snarky about that, and about @joobilly's idea that no landscape architects understand movement politics, that it erases an enormous amount of good work and writing by others in the field - as if we don't exist. 2/n
I said the same thing about Waldheim's version of landscape urbanism. This is turning into a theme. Are you a white guy who wants to criticize landscape architecture for not being more relevant? Try looking at the work of women in this field! HELLOOOOOOOO out there! 3/n
Read 12 tweets
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David Jensen
@RealDavidJensen
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan BRICS nations for years openly discussing trade w/ "parallel" monetary system including gold trade settlement.
Saudi put in place RippleNet alt. to SWIFT that allows bank-to-bank real-time settlement in any medium of trade.
Italy signalling ready to go.
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan More to the point - #gold seems to be the focal point of new trade settlement system.

“Fiat money, in extremis, is accepted by nobody. Gold is always accepted." Alan Greenspan.

realnoevremya.com/articles/2075-…
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
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Elke Babiuk
@ElkeBabiuk
1) We need a Lie tracker on Andrew Scheer, Doug Ford, & Jason Kenney

Those I follow who are excellent sources on the carbon tax are
@trevortombe @andrew_leach, @EcofiscalCanada @kevinmilligan

The rest of the thread is mostly ammunition against lies
#cdnpoli, #onpoli #ableg
2) Andrew Scheer begins new year with warning of skyrocketing carbon taxes

"The Liberal carbon tax is just about raising revenue for government."

LIAR: 90% of it goes back to Citizens. #cdnpoli
bit.ly/2Rs8XF9
3) Trudeau’s carbon tax takes effect in industrial heartland

"Consumers in the holdout provinces will receive federal payments that will exceed their carbon tax bill in a bid to cushion the blow"
thestar.com/business/2018/…
Read 43 tweets

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