Economist, Global Strategist & uber bear. High point of 40y career in The City? Invented the term "Noddynomics". Surely there's more! https://t.co/ViMVXdMAwn
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Oct 2, 2022 • 9 tweets • 3 min read
The UK government can easily restore fiscal credibility without having to resort to swingeing spending cuts, or reversing the tax hikes. How?
Stop allowing the system to rip off electricity consumers and tax the surplus windfall profits of ... RENEWABLE energy producers.../1
... The renewable (& nuclear) industry are enjoying massive windfall profits because of our daft electric pricing system. A tax or profit cap could raise literally tens of billions.
I'm not in favour of windfall taxes usually ie just because the world oil/gas price is high.../2
Mar 26, 2021 • 6 tweets • 3 min read
In my latest note I discuss the seminal decision by the NZ PM to tell their CB to target runaway house prices as well as CPI (see @macro_business below). Others will likely follow. I go on connect high property prices with young men's collapsing sex lives and #wallstreetsbets...
...An WaPo article a little while back highlighted the shock tripling of young men under 30 who are not having sex. This trend was specific to young men. @_cingraham offers some interesting explanations and one of them is that young men, far more than young women...
Dec 18, 2020 • 6 tweets • 3 min read
1 It was a decade ago this week that the Arab Spring began. I and others believe one key catalyst was surging food prices due to the Fed's end 2010-11 QE2.
It has gone largely unremarked that food prices are rising sharply once again. The FAO report prices at a 6 year high...
2 ... Guess what? Bernanke denied that QE2 had caused rampant food price inflation! Of course he would. But he also claimed the Fed weren't responsible for the housing bubble that led to the 2008 GFC! We're used to hearing...
