Wake up to the sound of 'bankers whining', Europe must be doing something right. ft.com/content/084b39…
Reminder BlackRock and other carbon financiers lobbied Brussels hard against double materiality, against reporting, and eventually being penalised for the destructive climate impact of their lending
Bankers are whining using the usual two 'Panda bears killed by your mean regulation' - SMEs and #CapitalMarketsUnion.
Every single time.
Mark Carney's ignoble descent from climate Minsky central banker to 'anybody but the state' head of the Greenwashing Alliance GFANZ.
ft.com/content/58575d…
What's the long German word for perverse incentives while the planet is literally burning?

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More from @DanielaGabor

Aug 23
increasingly convinced that the famous @Isabel_Schnabel speech on fossilflation was the optimism of a bygone era when we told ourselves that orderly decarbonisation without radical institutional change was possible. Image
if this summer is a measure of physical risks to stay, crises of carbon capitalism cannot be managed by inflation targeting regimes.

fascinating that investors - at least the ones talking to FT - think the ECB is no longer acting as sovvies market maker of last resort.
TPI doesnt even feature in this piece on drying liquidity (ahem) in Eurozone sovereign bond markets

ft.com/content/10284a…
Read 7 tweets
Aug 13
Mick Lynch with teaching material on energy/infrastructure market structure and class politics therein.
Even the gender politics of that trio is teachable.
(of course, there is an entire renewables story there to be unpacked)
Read 5 tweets
Aug 11
Biden Administration with massive increases in green government spending, my nagging question is how much of this is derisking private capital and how much is direct public investment in public goods - h/t @robinsonmeyer Image
tempting to look at these numbers and praise 'industrial policy' but again, the gods of nuance demand their sacrifice Image
Read 7 tweets
Aug 10
through the global dollar financial cycle, the US Federal Reserve is sharpening debt distress across Global South, to a deafening silence on capital controls.
very unusual from a central bank governor, last week Pakistan's Murtaza Syed, thundering against the systemic vulnerabilities of financial globalisation
the system is rigged, only protecting the interests of private (bond) creditors.
ft.com/content/f0e2df…
Read 9 tweets
Aug 8
Bolívar no ha muerto, y la guerrilla que robo su espada como símbolo de la lucha contra la explotación del pueblo está ahora en poder.
cnn.it/3zDxevW
The story of Petro getting Bolivar'a sword for the inauguration and the symbolism behind it is beautifully touching
elpais.com/america-colomb…
Read 4 tweets
Aug 4
The correct headline is Bank of England tipping UK economy further into recession, instead of being honest that inflationary pressures in UK cannot be sorted with interest rate hikes.
The Andrew Bailey Macro Horror Show, shadow directed by Tories
Love the passive voice. Guys, you're making it worse, on purpose.

Read 8 tweets

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