If #Merkel doesn't touch #Nordstream arrangements it means she has the rest of Europe behind her in a Russia appeasement policy effectively establishing anything east of the Oder as a buffer zone, #Belarus being one of the countries.(2/7)
As much as the US administration has signaled that there is a "Northern EU strategy", involving the #UK, Scandinavian/Baltic countries and #Poland, a Russophile Germany would undermine supply route security, and #France's standing in life is grounded in antiamericanism. (3/7)
The present generation is too young to remember that originally #NATO headquarters were... in #Paris, before being summarily expelled, a feat #Xi would be proud of. Heck, I am too young to remember that.
So, what now?(4/7)
Best bet is, a whole lot of nothing will come of it. Like Lord Dorwin in " #Foundation", present day political authorities are past masters at speaking much saying nothing. Especially because Energy policy, in the guise of #GreenNewDeal , is the new state religion. (5/7)
Gas is the backbone of the #Renewables trade since it fuels all TRUE energy production, i.e. the one necessary to meet demands when the Gods of the Olympus decide it's a windless night and a cloudy day.(6/7)
So, as it often happens in life, if you want a cow now, Farmer John tells you "you should have come here to buy a calf three years ago". Let's see if Germany buys one now. #Nuclear (end)
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Germany’s net-zero bills never shrink and the promised boom in green industries and jobs never materializes. via @WSJopinion There's a rookie mistake in the article.(/) @degiorgiod @MeredithAngwin @MarcoCantamessa @petunianelsole @moutetwsj.com/articles/germa…
"[...]plugging the hole will require either higher electricity rates or more taxpayer subsidies."
No, they are not different things: they are DESIGNED to look like different things, and one is meant to be harsher.(/)
If the whole "let's add an elaborate #Wind and #Solar scheme over the existing grid to emit less during the hours those actually produce electricity" was entirely falling on general taxation, those costs would distort the economy by lowering productivity and general demand.(/)
If our hapless western politicians weren't well, hapless, they'd know that THIS is the time to "Show the Israeli flag on buildings". And not for Jews.(/)
@GemmaTognini @AlessandroPonz4 @AndreaVenanzoni @Curini @michaeltanchum @ardigiorgio @BaldingsWorld @moutet @GrayConnolly
Because by not making it abundantly clear that in free country you can express your views, collectively as well, but every citizen is responsible for its opinions and pays for their consequences, and ABOVE ALL there is the same fair treatment for all, (/)
/ governments are destroying both the moral base of our society AND our social contract. Think of it this way:
You are a lower middle class father of two married in church. You join the Truckers in Canada 🇨🇦.
Police in riot gear shot rubber bullets point blank at you.(/)
Since the pro-palestinian framing on main stream media has started in earnest (I am watching a press program now here in #Italy), allow me to give you a vaccine dose. At all times, ask yourself: 1. Is (insert bigwig here) asking for hostage release by Hamas as a precondition?(/)
2. In your opinion, what keeps Hamas from releasing them on their own accord, considering that their official position is that atrocities were tag alongs not at their order?
(/)
3. Why is that no whistleblowing on hostage position is going on by Gaza civilians whose houses are under threat? Israel is affer all composed by a sizeable muslim population, who hold passports, vote. They'd happily give one for those lives.(/)
Deposit insurance is there to avoid runs on banks, where depositors all want to cash in all at once. But the key word is "cash", i.e. the number each of us sees at the #ATM machine or on the bank site as his own cash balance. However that's not cash. (/)
I have seen grandiose public plans about financial education, and deposit insurance is an ex post measure.. non one vaccinated citizens by telling them the truth: "when you deposit cash at a bank, you are LENDING them the money (which ceases to be yours). The bank invests it."(/)
Eric, we've been through a decade of easy money, finance centric solutions of 2008 which was the key to the deindustrialization of the west. Now to some extent is better and to some is worse.(/)
The better part is that goods producing companies have NEVER returned to the blind trust in the banking system they had before. Less leverage, and slamming the door in bank salesmen's faces helped. (/)
Of course there is a whole section of equities which are more financial than Casino chips, but with #Zirp and #NIRP that couldn't be helped. I am not so pessimistic about the industrial base in the #US (#Europe is a different Bedlam). (/)
"you need to have a longer time horizon" roughly translates in my book in "Run for your lives !!".
For one, if you are a final saver... you rarely HAVE a time horizon, nor you need one. Incidentally that's proof of who wrote #MIFID.(/)
MIFID questionnaires have a mandatory section on time horizon. Why that measure? because while for an individual saver that concept is basically meaningless, for those meant to be KEPT from pushing unnecessary risk onto savers it's daily bread.(/)
Banks indeed have time horizons and time preferences well and truly planted into their brains since they have a teeny weeny share capital, and finance their assets through the issuance of debt. They indeed try to match maturities across assets and liabilities. (/)