Mark M Bathgate @m_bathgate

Politics and Financial Markets 🌍 Occasional columnist.🌲 “While our feet have been planted on the ground, our eyes have been turned towards the stars” London, EU and Global Joined November 2018

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Mark M Bathgate @m_bathgate

4 days ago

The problem of a central bank that doesn’t even try to keep inflation under control

Zoe Schneeweiss @ZSchneeweiss

4 days ago

Britons see inflation hitting double the BOE target, a poll finds bloomberg.com/news/articles/… via @irinaanghel12 @PhilAldrick

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The many takes flying around about John Healey, resignation gossip and national security spending miss a fundamental point. In Finland, where people have a strong social safety net and a real sense of shared national purpose, around 80% say they would be prepared to defend their country. In the UK, that figure is closer to 30%. That should tell us something. Until we change the financial architecture of our economy and bring the essentials of life out of the grip of corporate extraction and into public ownership, we will always be told to choose between bombs and butter. But the reality is we need both. Modern hybrid warfare means every public service is part of our national resilience. Energy, water, housing, health, transport, food security and social care are not separate from defence. They are defence. If we want people to defend the country, we have to build a country people believe is worth defending. A thriving state. A fair economy. A society where everyone feels they have a stake. I spoke about this on Peston on Monday night.

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Nick Timiraos @NickTimiraos

2 weeks ago

The Fed maintained an easing bias in the April FOMC statement. The debate has clearly already skipped past whether to have a neutral bias and towards 1) whether to have a tightening bias—possibly as soon as July, and then, 2) when to take back the "insurance" cuts of 2025.

Nick Timiraos @NickTimiraos

2 weeks ago

The U.S. economy added 172,000 jobs in May and the unemployment rate held at 4.3%. There were large upward revisions to March and April, raising the three- and six-month hiring averages to 188,000 and 92,000, respectively.

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Hearts Women @heartswomenfc

3 weeks ago

For the very first time... Heart of Midlothian are the @SWPL 𝐂𝐇𝐀𝐌𝐏𝐈𝐎𝐍𝐒! 𝐆𝐥𝐨𝐫𝐢𝐨𝐮𝐬 𝐇𝐞𝐚𝐫𝐭𝐬 ♥️

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Mark M Bathgate @m_bathgate

3 weeks ago

@NickTimiraos @DeanBaker13 I would bet that the FOMC will simply focus on their mandate and hike inflation is too high.

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Nick Timiraos @NickTimiraos

4 weeks ago

Trump's prepared remarks at Warsh's swearing in: "I want Kevin to be totally independent. I want him to be independent and just do a great job. Don’t look at me. Don’t look at anybody. Just do you own thing. Do a great job. OK?"

Nick Timiraos @NickTimiraos

4 weeks ago

"A dovish slip in this environment would risk unhinging the long end of the bond market even further," says Marc Sumerlin, a former Bush administration colleague of Warsh's who Bessent interviewed for the Fed chair job last year. wsj.com/economy/centra…

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Mark M Bathgate @m_bathgate

4 weeks ago

Exemplifies why getting inflation under control should be priority no1 for UK govt

Resolution Foundation @resfoundation

4 weeks ago

Living standards for lower-income households were especially hard hit in the last few years. For poorer families, annual incomes have sunk, on average, since the end of the pandemic, and truly plunged at the very bottom. Read how to reset Britain’s economic policy

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Graham Spiers @GrahamSpiers

4 weeks ago

I do have one issue with the SFA statement. They appear to believe that, because the game clock shows 53.07 (98.07) at conclusion, Celtic v Hearts was fully played out, no premature ending. But Callum Osmand’s goal was scored at 52.30 (97.30) and was immediately followed by fans on the pitch. So this SFA claim doesn’t make sense. The outcome of the match was not in doubt but the SFA can hardly claim that “more than the minimum additional time of eight minutes” were added. Not unless they mean that both teams could actually have played on with fans on the field.

Graham Spiers @GrahamSpiers

4 weeks ago

So we can now say - which we haven’t been able to say openly for days - that Derek McInnes told match officials he wanted Celtic v Hearts ended the moment Celtic went 3-1 up and fans invaded the pitch.

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Nick Timiraos @NickTimiraos

4 weeks ago

A tonal shift on the Fed from Trump, who two weeks ago tweeted out a picture of Powell falling into a dumpster and who last month said he thought Warsh would reduce interest rates

Zachary Halaschak @zhalaschak

4 weeks ago

Also some Fed news: I asked Trump this morning about Warsh starting as Fed chair -- I pointed out investors are now pegging a higher chance of a rate HIKE rather than cut by end of year and asked him whether he thinks Warsh will deliver a cut "I'm going to let him do what he

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Mark M Bathgate @m_bathgate

4 weeks ago

@tashecon Tynecastle!

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Mark M Bathgate @m_bathgate

4 weeks ago

@Manuel_LaPalma @ThinkLabour @Johnmcternan Soaring inflation hits the poorest hardest > root cause of starmers political collapse

Resolution Foundation @resfoundation

4 weeks ago

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Mark M Bathgate @m_bathgate

4 weeks ago

@alexwickham “Continue” to reduce borrowing???

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Alex Wickham @alexwickham

4 weeks ago

BREAKING: The IMF tells Britain to stick to its fiscal plans and warns “domestic uncertainty” could hurt the economy It says the UK must continue to reduce borrowing and control welfare And that there is only limited space for tax rises Seems a clear warning to Andy Burnham

Alex Wickham @alexwickham

4 weeks ago

NEW: Andy Burnham Gives Investors Mixed Messages Ahead of Leadership Race What is his position on the fiscal rules? That is the number one question for bond investors. Bloomberg has tried to get to the bottom of it and the answer is unclear. Burnham used his @DanielHewittITV

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Resolution Foundation @resfoundation

4 weeks ago

The war in Iran has delivered a triple whammy for the Treasury: costlier borrowing, slower growth and lower asset prices.

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Sky News @SkyNews

a month ago

BREAKING: Heart of Midlothian FC have issued a statement condemning the alleged physical and verbal abuse towards their players and staff at Celtic Park this afternoon, during the Celtic celebration pitch invasion Read more: trib.al/fsE96yY

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Heart of Midlothian FC @JamTarts

a month ago

Club statement: Events at Celtic Park 🔗 tinyurl.com/kke86ved

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Sky Sports Scotland @ScotlandSky

a month ago

🗣️ “If Hearts players have been accosted by some of our fans, that’s pretty serious.” 🗣️ “I was asking the fourth official, or one of the linesmen, in the tunnel, and he said it’s over.” Martin O’Neill on the post-match scenes after Celtic's title win over Hearts ⤵️

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(((Dan Hodges))) @DPJHodges

a month ago

Even more significant. O'Neil confirms the Fourth Official told him there was approximately a minute of the game left when Celtic scored their third goal.

Sky Sports Scotland @ScotlandSky

a month ago

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Mark M Bathgate @m_bathgate

a month ago

@IanMurrayMP

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Sanny Rudravajhala @Sanny_Rudra

a month ago

For those new to Scottish football, Hearts’ striker once scored a penalty in a derby, had a pie thrown at him, caught it, ate a bite and threw it back at the crowd. Scottish Prem is something else.