(apologies to my friends at Bloomberg news, including the ones involved in my interview earlier today, but.....)
Why have you changed all my menus to Spanish language while I was sleeping today?
[this was the language thing that broke the camels back...so now I will do a vent-thread]
why does the fingerprinting device on the keyboard only work 20% of the time, so that I have to fingerprint on the mobile B-unit another handful of time to simply get going, every day. I pay for the service, you can at least let me use it, hassle-free?!
Why is your news slower than other sources (I will not name names) and why does the app seem to have more latency/lags than almost any other app I run.
Why does your app have to restart every evening, often when I am about to post something important to client chats (the reason for staying online late). Just let me work, on my schedule, not yours!
Why do you have have 24 month contracts. Not just for folks that wish to voluntarily leave the platform, but even for employees, who have resigned, or died.
Who do we have to pay EXTRA for exchange based pricing data, EXTRA, on top of the generally insane subscription fee, when it is available for free on other platforms.
But what is most frustrating and puzzling about the Bloomberg terminal is why we cannot live without it. I have tried to think about ways to replace it, and have failed. GRRR
END.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Ok, we are ready to officially launch our blog/substack called Money: Inside and Out. We have tested it and populated with 3 initial posts, and you can subscribe here:
One post, called "The Big Myth about Money and Inflation" touched on the conceptual misunderstandings around the link, and how the future may again shake things up, if monetary and fiscal expansion are (aggressively) combined.
Another post (from today) touched on the possibility of a liquidity crisis within the Eurosystem (written by our Advisor Chris Marsh aka @GeneralTheorist)
First, If one macro policy operates in isolation, it can be contradicted by ‘the other’ policy. This is especially relevant with monetary policy. In the past, expansive fiscal policy was often associated with monetary tightening (=not good, if you have spare capacity, low inf.)
Policy coordination, which ensures that monetary policy, and market rates, are not ‘fighting’ the fiscal policy can help solve this problem. =>coordination is good.
The large majority of European countries have 'negative' momentum on covid cases now. But lockdown lite vs lockdown full makes a difference. We have big descents in France and the UK, vs mostly stabilization (but no strong descent) in Germany.
Also, we are still waiting for improvement (decline) in Germany's positivity ratio (hit ratio). We would expect Germany to eventually get on the path of Netherlands, with a clearer descent. But it is taking somewhat longer than expected.
The lockdown lite started 3 weeks ago, and it normally takes 2-3 weeks before results are visible. But the fact that policy makers are talking about extending the measures also shows that the descent has been surprisingly slow.
Second, it is not very helpful to have the Treasury and the Fed in open disagreement about this type of issue. This probably explains why markets reacted negatively.
There is a lag between cases & deaths, and as we see acceleration in cases, there is always a debate about whether fatalities will follow. That debate was there in the US second wave in the summer, in the European 2nd wave in recent weeks, & now again in the US 3rd wave