#Italy, the last dwelling of Eastern European style communism, is an ideal litmus test to check if something is, as indicated, "on its deathbed" or not, since we consistently disregard intimation against state subsidies.(/)
Hence, it makes sense to turn the whole system on its head and think things through this way: 1. sectors which are net payers are thriving; 2. sectors which are net recipients are failures.
(/)
The only condition is that systems have already passed from the research/prototype stage to actual industrialization. And under this admittedly simplistic system, the results are:(/)
1. Hydrocarbons = great success. Any wind/solar plant, being inherently unreliable, imposes the build/maintenance of an equivalent idle hydrocarbon power plant. The reverse is never true.
2. wind/solar Renewable = failure. not even the most die hard hare krishnas prefigure a world where they would survive without strong continuing mandate.
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But, there is a scary thing. as of now, deposit insurance is 100 K EUR per head per bank. covering the first 3k though #CBDC is so measly that it's ominous.(/)
) surmised negative rates on CBDC, making it not a currency, but I thought the maximum allowable before paying #NIRP would either have been zero or 100 k per head. (/)
In that case, government bond yields would have been the cushioning variable, instead of #ECB balance sheet. BUT, that in practical terms transfers money from the government coffers to savers.(/)
Conversely, when and if a savvy managers takes power, he gets a DOUBLE positive whammy: State P&L improves, and then improves again due to lower debt service costs.(/)
Ottimo articolo, che però scatena una Domanda: #Mattarella, perché non ha detto al #PD che dal 2017 il pensiero di #Salvini è
1 Il Nord può avere sfogo ma non federalismo, perché
2 I meccanismi di potere non sono esposti al voto,ma
3 toĺerano ridistribuzioni dell'offerta (/)
Qussta impostazione concreta, se vera, rende l'idea della necessità di evitare il potere a Salvini un po' strana. Sia Mattarella che Salvini lo avevano detto , uno partecipando al Conte1 e l'altro benedicendolo invece di lanciare siluri.(/)
Naturalmente, "potere" è quello di entrare DENTRO la macchina che comanda, quindi presidenza della repubblica, magistratura, alta burocrazia etc. Salvini può diventare presidente del consiglio ed il sole sorgerà uguale, conta poco o nulla(/)
Lui è in pratica l'ultimo "tecnico" rimasto, dopo i vari conati di alcuni partiti di accreditarsi come "nido" dei principi di realtà (/)
Se quello che ne uscirà sarà un "ancora zuppa" alla Oliver Twist, una passeggera frenata dell'allargamento del perimetro pubblico, avremo rimbalzi ma non ripartenza. (/)
There is a reference to #NIRP, which is killing the #EU private sector, but I already wrote extensively on that. What caught my eye was: "The oversize exposure of banks to small businesses is part of Europe’s economic fabric. (/)
"Companies with fewer than 250 employees account for 99.8% of all firms and two-thirds of all private-sector jobs in the European Union, according to the European Commission. Small businesses in the U.S. also have economic weight, but they tend to be bigger."(/)
#CBDC Thread:I participated in the online questionnaire, in the perfect knowledge that it was a complete and utter waste of time. They were going at it full speed, and no word from peasants would stop them.(/)
(ht @pietercleppe )
First, they claimed that there was "market demand". As far as I know only professionals know even what that is, divided in two camps:
1 #Fintech seeing a business offering services to intermediaries, on the bandwagon of regulatory mandates;(/)
2 Banks, worried that they may lose their deposit base.
customers dont' know and WON'T know. #CBDC won't be anonymously tranferrable, it will be as cumbersome as a credit card, and for the life of me my wife won't see the difference.(/)