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Giovanni B. Ponzetto Profile picture
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16 Mar, 4 tweets, 2 min read
Ho appena sentito @renatobrunetta al #TG5 e schiumavo alla bocca dopo un pomeriggio passato a caricare dati inutili richiesti da una organizzazione che li ha già. (/) @DonChisciotte_P @liberioltre @LorenaLVilla
Dopo, dovrò continuare la mia settimana con adempimenti senza senso. E lui vuole "assumere i giovani migliori" (/)
Forse, e dico forse, potrebbero cominciare dal fare un paio di modifiche. Una, scrivere un bel #DL che renda non punibile il cittadino che ignori qualunque richiesta di dati già in possesso della #PA (/)
L'altra, che renda punibile penalmente l'imposizione di adempimenti che siano duplicazioni di altri sulle stesse basi, ed il "gold plating" delle normative.

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More from @gbponz

Giovanni B. Ponzetto Profile picture
18 Mar
THREAD: in fact, one of the worst aspects of #QE is that, by carrying a huge size bias, it is the ultimate anticompetition clause: only the big can access money.(/) @Halsrethink @nglinsman @bondstrategist @DiMartinoBooth @dlacalle_IA @amlivemon @DavidBCollum
If you are an established company with a medium to big balance sheet, you not only can afford the paperwork (internal ratings, anyone?), but YOUR risk premium is compressed by Central Banks.(/)
Meanwhile, smaller companies and prospective new entrants cannot and will not find funding, since at that earlier stage there is a level of "funding cost incompressibility" given the risks involved.(/)
Read 7 tweets
Giovanni B. Ponzetto Profile picture
28 Feb
In più, c'è un problema "negoziale": se sei un imprenditore come @recifar , ed hai seguito la polemica su VDL - Gallina - Vaccini, hai due impressioni:
1. questi sono burocrati fissi nel presente;
2. quando sbraitano dopo urlano "penali" e se la prendono con te.(/)
Ora, ADESSO c'è un problema di scarso numero di VACCINATI. ed i politici strepitano per avere più vaccini, ma quello che secondo me Renato, @carloalberto @AlfonsoFuggetta , e tanti altri amici che stimo pensano è: (/)
"Questi vorrebbero avere ORA tanti vaccini, catena logistica in piedi e rifornita ad ogni nodo, tracciamento del processo, in e out, inclusa la fase somministrazione e richiamo."(/)
Read 5 tweets
Giovanni B. Ponzetto Profile picture
28 Feb
True, but it doesn't capture one thing: fixed income investors have been facing a bleak future for over a decade, since 2008, to be precise. (/) @jeuasommenulle @nglinsman @Halsrethink @amlivemon @DiMartinoBooth @bondstrategist
And the old man knows, because as the most perceptive of you have realised, he did NOT name banks within those investors. Because in 2008, the pick was between "banks " and investors. (/)
It's yesterday to me since I am almost 60, but people may not know how dire the situation was, especially for bond investors. Equities were smashed to a pulp. An equivalent disaster went on in bonds... with a twist.(/)
Read 14 tweets
Giovanni B. Ponzetto Profile picture
27 Feb
on.wsj.com/3srXx2Q in a sense I am happy to be able to finally define a @wsj article as "cringeworthy". They were besmirching the journalist profession with their insightful thought and careful analysis.(/) @nglinsman @amlivemon @RobertMCutler @michaeltanchum @shaun_riordan
bbc.com/news/world-us-… now, the link to the #ODNI report is down for me, but the #BBC article states
"The intelligence report lists three reasons for believing that the crown prince must have approved the operation:
His control of decision-making in the kingdom since 2017(/)
"The direct involvement in the operation of one of his advisers as well as members of his protective detail ;
His "support for using violent measures to silence dissidents abroad".
I.e. let me tell you how much proof there is: (/)
Read 12 tweets
Giovanni B. Ponzetto Profile picture
27 Feb
I don't dare speak for @Halsrethink, whose appreciation for me always disconcerts me and awes me. For a left handed golfer like me it's like casually meeting Phil Mickelson telling me he has a tee time booked and a spare set of clubs(/)
But there IS an egoistic reason for my contribution. Onemis a kind of moral revenge: in 30 years, I have seen too many times the Captain steering HMS Titanic into an Iceberg Everyone saw, turn around, and say "gee, it was unpredictable", and ignore any evidence (/)
I also have a bright son and daughter, and every improvement in general understanding by the general public improves their chances in life. In a way I also was electrified when attending a lecture by #VernonSmith , the Nobel laureate(/)
Read 6 tweets
Giovanni B. Ponzetto Profile picture
26 Feb
THREAD: on.wsj.com/3aXrh1C at some point, the #FED and the other central banks will have to change status. It might take a creash to do it.(/) @amlivemon @jeuasommenulle @nglinsman @Halsrethink @bondstrategist @DiMartinoBooth @DavidBCollum
1. they might either fall under an higher supervisory authority checking every financial aspect of their activity apart from setting official rate and providing liquidity though banks and have, for example, ALL influence of banking instruments sold wrested away.(/)
2. since their activity has been for over a decade not "policy neutral", they might be forced to become "elected officials", shorn from their patina of indipendence they voluntarily discarded. In fact, at least in the #EU, they might be a first: (/)
Read 8 tweets

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