. @lonely93abc
DRINK WATER! Perth, Western Australia Joined March 2020-
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Growth in Latin America will average about 2% per year in the next five years, below its already low historical average, according to the latest IMF projections. Find out why in our latest blog: imf.org/en/Blogs/Artic…
stefani germanotta, but as you keep scrolling she gets older, cuntier and more successful: a cute thread 🥺💋
cinematic parallels
cinematic parallels https://t.co/NjRWGfE4BR
Sempre me perguntam para que investir no Tesouro IPCA+6% quando o LCI tem IPCA+6% isento ou CDB tem IPCA+7%. IPCA+30% está bom para você Passo a explicar na thread 👇
1882: The UK opens the world's first coal power plant. 2024: The UK shuts the country's last coal power plant. It will replaced with a green hydrogen facility. theguardian.com/business/2024/…
An estimated 250 000–500 000 children who are vitamin A deficient become blind every year. Within 12 months of losing their sight, ↳ Half of them die Deaths from GMOs. ↳ Zero. europeanscientist.com/en/features/gr…
The end of an era: 10 years ago coal generated almost 40% of the UK‘s electricity. In less than 6 months the last remaining coal power plant will be shut down. theguardian.com/business/2024/…
Good morning with good news: Brazil deployed the 4th most solar (12 GW) in 2023 and ranks 6th (37 GW) in total solar! Solar generated 9.66% of Brazil's electricity in March 2024. That's 4.5 times more than in March 2021 (2.2%)! Solar booms in Brazil! ember-climate.org/data/data-tool…
From BYD, I see how China boosts South-South cooperation. Let me explain why⬇️ BYD exports EVs, but also technologies. This is how China helps #BRICS countries for development. Remember how China evolved from a backward Agrarian Society to an Industrial Powerhouse? The reform…
Back in the 1970s, feminists anthropologists often claimed that small-scale societies were more gender equal, as there were weaker restrictions on sexuality. Actually, they had extremely high violence, often involving capture & gang rape of women. - graph from @sapinker
Lim Ki-mo, South Korean Ambassador to Brazil, appears singing samba ("Trem das Onze") on Rio.
Emerging markets are getting his across the board, including Brazil. It's worth remembering that 90% of what happens to Brazil's Real (white) has nothing to do with Brazil. We're in another US inflation scare, which is pushing up US yields (white). Brazil remains awesome...
If you think the energy transition is going well, look at this: Not only is clean energy barely even visible on a graph of energy use globally, But oil and gas is still growing. What’s going on here? (🧵)
A América Latina é uma só.
In 2008 I moved from Berlin to Melbourne. At the time both cities had the same population but Melbourne was seven times larger. Urban sprawl in action. When Aussies wonder why maintaining our road, rail, power, and sewage infrastructure is so expensive I show them this map...
King Abdullah of Jordan has been in power for 25 years. Before that, his dad ruled Jordan for 47 years. But Western politicians & media will never call him a dictator or demand democracy & freedom. Coz he’s a good puppet. 💪🏻 It’s the same in Middle East & all over the world.
Tensión en Europa, Medio Oriente y EEUU por una posible Tercera Guerra Mundial. *En Latinoamérica:
Karmen Wunder @KarmeWun
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😂😂😂😂😂😂😂
E quando o Banco do Nordeste anunciar o show gratuito da Gaga na Praia de Iracema em Fortaleza ??
From @opinion: Japan was mired in three lost decades until a confluence of discipline, luck, Covid and Warren Buffett changed its fortunes, says @GearoidReidy. How will it use its superpowers now? 🔗🇯🇵🌸🛬: bloomberg.com/opinion/featur…
Monthly mortgage payment needed to buy the median priced home for sale in the US... April 2020: $1,480 April 2021: $1,690 April 2022: $2,400 April 2023: $2,550 April 2024: $2,840 (record high) That's a 92% increase over the last 4 years.
Another funny economic idea: Donald Trump's econ advisers discuss penalties for nations that de-dollarize. BRICS nations lead global debate over reducing dollar exposure. #China has reduced holdings of US Treasuries to $775bn, down from ATH of $1.3tn. bloomberg.com/news/articles/…
This is the same pattern we experienced in the financial crisis where the US had a similar/better performance on GDP but a much worse. I've been angsting about it since then. Is possible that European-style job retention programs are a key difference? x.com/jasonfurman/st…
Finally, Germany’s very different experience provides an important lesson for us. They had similar GDP losses but without anything like the unemployment increase we had. In part due to non-replicable institutions, but policy can do more to not just increase GDP but also jobs/GDP.
Curiously in 2023 U.S. GDP rose 3.1% while Euro area GDP rose 0.6%. At the same time the U.S. unemployment rate rose 0.2pp while the Euro area one fell 0.2pp. So U.S. potential growth rate *much* higher than euro area. Partly *level* of labor force growth higher in the U.S.
It's worth a bit more angsting, studying & debating what we can do in the United States to improve our labor market recoveries. The European one was much better--got back to pre-COVID by mid-2021, a year and a half before we did. And prime age EPOP now 2pp higher than pre-COVID.
I found this from the IMF pretty shocking: Europe and Canada have basically offset the *entire* post-2008 reduction in overall labor force participation from aging by increasing female labor force participation. Clearly something for us to learn from.
It's worth a bit more angsting, studying & debating what we can do in the United States to improve our labor market recoveries. The European one was much better--got back to pre-COVID by mid-2021, a year and a half before we did. And prime age EPOP now 2pp higher than pre-COVID.
The US has gone back to offsetting its manufacturing (and ag) deficit the old fashioned way -- by exporting bonds and providing the world with a bit of interest income ... 7/
And what of all the United States exports of services and offshore income (Apple afterall generates big Irish profits, but no measurable US exports other than the export of R&D to its Irish sub)? Big but not growing as a share of GDP 6/
Ag exports are also well below their 1990s levels (as a share of GDP) while ag imports are up ... (agriculture has always responded to the dollar by the way ... ) 5/
Globalization was supposed to be marked by increasing flows on both sides of the ledger, but US exports of manufactures are about 1.5 pp of GDP before their 1990s levels (Imports are up v 1990s but have been soft recently -- tho that likely will change) 4/
The dollar is about 30% stronger than it was in 2014 ... and exports of manufactures and ag are down about 30% relative to US GDP (calculation is the change in exports/ GDP) 3/
Rare that Greg Ip (in his recent column), the Economist (in an article last week's magazine) and Donald Trump (on Truth Social it seems) agree. But all have expressed concern about dollar strength ... 1/x
And they have a point imo -- the dollar is exceptionally strong (and poised to go stronger against some Asian currencies who are resisting) on most measures, and US exports are exceptionally weak (ex "Saudi America" i.e. energy) 2/