Jon Sindreu @jonsindreu Twitter profile

Last Seen Profiles

@Afsa47078505

@bokeplokalmalam

@SonzerTargaryen

@Tiger_Esports__

@GerAmbTLV

@reigital

@realMaalouf

@HassanZ48239002

@RichardDerkscom

@Rahal_Team

@PetoFilip

@ListADA420

@soyubaldo

@divmpiece

@calwic

@monikaf06368731

@YonderalonsoU

@quayaustralia

@1ssuaka6

@dr__Mayur

@meto_mettotto

@SchoolMallard

@Axaray68Yavuz

@rathore_bjp

@mustismithrowe

@bokeplokalmalam

@Wari781

@ale_dopamina

@protectedscott

@hunter_dorwart

@_KuroGama

@NyRR_

@JNLy5aJUzCnytlk

@gabustep

@jejeongsinanim

@nyshaVLR

Jon Sindreu

@jonsindreu

7 years

Something weird: Grifols (company that refused to move HQ away from Catalonia) is top performer in the IBEX--35 right now (via @GoldRiva ).

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Jon Sindreu

@jonsindreu

3 years

Anyone done this one yet?

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Jon Sindreu

@jonsindreu

5 years

I mean, by this measure French GDP would tend to zero every year.

Guy Hedgecoe

@Hedgecoe

5 years

This can't be good for the Catalan economy. Top of the Ramblas w/ carrer Valencia

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Jon Sindreu

@jonsindreu

7 years

Doncs mireu, jo que he treballat a premsa espanyola i catalana us donaré informació gratis: Sí, en aquests mitjans es censura i canvia informació al dictat de amos i accionistes. Sí, les empreses del IBEX-35 truquen per canviar titulars que ENCARA NO S'HAN PUBLICAT.

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Jon Sindreu

@jonsindreu

7 years

Al WSJ expliquem que Mossos no aturaran referèndum si hi ha prou gent a meses per justificar motius d'ordre públic

Independence Vote Tests Catalonia’s Police Force

Mossos d’Esquadra is being asked to prevent an independence referendum from taking place Sunday, but many intend to let the vote go ahead.

www.wsj.com

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Jon Sindreu

@jonsindreu

2 years

An issue I feel is underdiscussed : DeFi has all the flaws of traditional finance, yes, but on top of this it basically finances other crypto projects, not houses or factories anywhere. It is as if traditional banks only financed other banks (essentially ONE big credit risk).

Jon Sindreu

@jonsindreu

2 years

Streetwise: Are bitcoin and other crypto tokens crashing because of the excesses that accompany advances in finance, or do they have fundamental flaws? Asks @jmackin2

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Jon Sindreu

@jonsindreu

3 years

Excellent data visualization work by @eldiarioes on the Catalan election. It clearly depicts the key driver of the independence wedge: it's not money, immigration or the urban/rural divide, it's about whether you are born in the rest of Spain or not.

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Jon Sindreu

@jonsindreu

3 years

Jaume Puy és Catalunya concentrada en un sol individu.

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Jon Sindreu

@jonsindreu

7 years

Per cert, molta gent em segueix preguntant darrerament sobre la prima de risc espanyola i si pot pujar o no per culpa de Catalunya. He pensat en fer un fil explicatiu al respecte (demano perdó ja preventivament):

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Jon Sindreu

@jonsindreu

3 years

Si empreses que jo cobreixo em paguéssin o convidéssin a fer cap feina per elles, el meu diari em faria fora al dia següent. I amb raó. És increïble que això els costi tant d'entendre.

kantinu

@kantinu

3 years

Todos hemos pasado alguna vez este tipo de vergüenza. La propia y la ajena.

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Jon Sindreu

@jonsindreu

3 years

If my macro columns have an overarching theme, I would say it is trying to avoid this (very common) type of thinking.

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Jon Sindreu

@jonsindreu

2 years

Es veu que é violència dir que quan es va a un mitjà s'ha de parlar en la llengua del mitjà en comptes de en la teva. Tot en ordre: demà comunico al meu cap que els articles li arribaran en català.

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Jon Sindreu

@jonsindreu

3 years

What a surprise to see Spain once again at the bottom of this chart.

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Jon Sindreu

@jonsindreu

4 years

El desarrollo de Corea del Sur se produjo via una política industrial orientada a la exportación en la que el estado escogía sectores ganadores, incluyendo sustitución de importaciones, control de precios, dirección de crédito, subsidios y depreciación de la moneda.

Luis Garicano 🇪🇺🇺🇦

@lugaricano

4 years

Muy buen artículo, sí. Corea del Sur , en 1960, tenía la cuarta parte de renta por habitante que España. Hoy es un 20% superior. ¿Por qué? Porque ha priorizado la educación. Hoy tienen universidades punteras, y compramos coches, televisores, teléfonos, electrodomésticos coreanos.

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Jon Sindreu

@jonsindreu

3 years

Tema lloguers: em fascina aquesta idea que el què importa en un acord de govern és posar compromisos per escrit. El què importa és estar disposat a trencar el govern (o no formar-lo) si no es compleixen les teves línies vermelles polítiques. Sense aquest poder, la resta és fum.

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Jon Sindreu

@jonsindreu

5 years

What do votes to the Spanish far-right correlate with? It's not really about immigrant density and not even that much about left-right ideology. It's mostly about Spanish national sentiment.

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Jon Sindreu

@jonsindreu

4 years

Clarament cal reformar la carrera de politologia.

laSexta Noticias

@sextaNoticias

4 years

"Me he dado cuenta de que estar en el Gobierno no es estar en el poder" Este domingo, @PabloIglesias charla con Gonzo en @salvadostv

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Jon Sindreu

@jonsindreu

3 years

My Heard column: When prices rise because of a shortage of chips the solution is to make more chips, which is what Washington is trying to do. It showcases why fighting inflation by raising interest rates often doesn't make sense.

Inflation Doesn’t Have to Mean High Interest Rates

Issues like the semiconductor shortage are pushing up prices. Investing in production can be a better way to deal with inflation than interest-rate rises.

www.wsj.com

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Jon Sindreu

@jonsindreu

2 years

Here's my column on what I have found to be an incredibly baffling press conference by the ECB's Christine Lagarde. Point by point, the ECB promises to be data dependent and yet ignores all the data:

The ECB Can’t Justify What It Is Doing

Eurozone officials have delivered their largest increase in borrowing costs in recent history without producing any consistent argument as to why.

www.wsj.com

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Jon Sindreu

@jonsindreu

2 years

“What is money?” is a centuries-old question but the blocking of Russia’s reserves has revived its relevance for the world’s nations—particularly China. If accumulating foreign assets is seen as risky, military and economic blocs will drift farther apart.

If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock

Sanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role...

www.wsj.com

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Jon Sindreu

@jonsindreu

7 years

@moragasai Escolta Antoni, una pregunta seriosa: com a científics polítics no hauríeu d'invertir més temps en entendre la realitat i menys en dir a la gent què ha de fer tota l'estona? És que no m'imagino un biòleg recriminant a les cabres que no s'alimentin de tofu perquè és molt sa.

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Jon Sindreu

@jonsindreu

2 years

My column on Russia and the ruble today: As damaging as blocking the central bank's FX reserves might be, energy sales abroad still bring in a $20 billion surplus every month.

Central Bank Squeeze Lacks Energy to Cripple Russia’s Economy

While blocking Russia’s official currency reserves puts the ruble and the economy under heavy pressure, they are still underpinned by commodity exports.

www.wsj.com

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Jon Sindreu

@jonsindreu

5 years

Mai he entès què vol dir "política de trinxeres". La política no és sempre de ser a una trinxera o altra? El que en tot cas és greu és que hi hagi periodistes de trinxeres sempre defensant l'agenda d'organitzacions concretes.

Jordi Évole

@jordievole

5 years

El discurso de @AdaColau rompe bloques. Por eso la seguirán atacando 4 años más. Porque sin trincheras algunos ya no saben hacer política.

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Jon Sindreu

@jonsindreu

3 years

I am now officially a fan of the European Super League.

United Journal

@theutdjournal

3 years

🚨 Luis Figo has spoken out on the European Super League 👇 #mufc #mujournal

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Jon Sindreu

@jonsindreu

4 years

La meva columna d'avui sobre la fàbrica de Nissan a Barcelona, el pla de reconstrucció europeu i les dures realitats de la política industrial pan-Europea: Pot fer que la perifèria encara sigui més perifèrica (fil una mica llarg).

Jon Sindreu

@jonsindreu

4 years

European green reconstruction. Industrial policy. The EU is embracing all these concepts, but productive investments will ultimately benego to core countries that already have the industrial base.

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Jon Sindreu

@jonsindreu

7 years

People in a random bar in Madrid discussing how to send tanks to invade Barcelona. Nice stuff.

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Jon Sindreu

@jonsindreu

3 years

But let's all be clear on what is being argued. We are very likely talking about undermining this recovery from a crisis, which policy has managed to make bearable for the less wealthy, by inducing a recession, in order to kill off a CPI raise tracable to specific bottlenecks.

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Jon Sindreu

@jonsindreu

4 years

This has to be one of the worst papers I've ever read, and I read quite a few.

Branko Milanovic

@BrankoMilan

4 years

Explaining economic divergence between Madrid and Barcelona.

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Jon Sindreu

@jonsindreu

2 years

"Did this crisis really show the financial limits that UK governments must observe? Probably not: Had the BOE bought gilts more decisively, the mini-budget would have been easily absorbed. Also, when it did intervene, the pound shot upward, not downward"

Whoever Follows Liz Truss, Fiscal Conservatism Will Rule Britain

While the market reaction to Ms. Truss’s unsound fiscal plans was excessive, it could tie the hands of her successors for years.

www.wsj.com

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Jon Sindreu

@jonsindreu

5 years

Fascinat per tots aquests politòlegs que tenen "obeir la llei" com a única dimensió de fer política. Si això és el què s'aprèn en aquesta disciplina, seria socialment molt més útil convertir-ho tot en facultats de Dret.

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Jon Sindreu

@jonsindreu

7 years

This one is the last ever front page of The Wall Steet Journal - European Edition, after 34 years in print. Farewell!

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Jon Sindreu

@jonsindreu

2 years

I think many established economists are using disingenuous rhetoric, which goes: - Heterodox: "You said government debt has to be repaid but the real constraint is inflation!" - Orthodox: "We always said the real constraint is inflation, look at our models!" Well, yes and no.

Stephanie Kelton

@StephanieKelton

2 years

“I’m terrified about what will happen to interest rates once financial markets wake up to the implications of skyrocketing budget deficits.”

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Jon Sindreu

@jonsindreu

4 years

Compte amb aquest argument perquè resulta que totes les persones també morirem.

VÍCTOR AMELA

@amelanovela

4 years

@AdaColau Ànim! Totes les llengües moriran. El castellà i el català, també. I què? Quina risa! Ara i ací, ric. 🤣😂🤣😂🤣😂🤣😂🤣😂

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Jon Sindreu

@jonsindreu

3 years

Re the great piece by @JWMason1 , it always comes down to this chart. In the mainstream story, CPI components look unrelated bc central banks succeed at keeping inflation stable. But it can also show that inflation is a made-up average of disparate things.

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Jon Sindreu

@jonsindreu

4 years

Unemployment will hit Europe's regions very differently, research by the @BIS_org shows. Once again, Spain and Italy are going to be massively impacted.

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Jon Sindreu

@jonsindreu

3 months

I have said this often: A big flaw in the Pettis & Klein framework is that it implicitly uses comparative advantage as the benchmark to which we should return if we could only close the external imbalances. It totally misses that the tension has to do with development policies.

John ‘John’ Morrison

@J_MoAGoGo

3 months

The worst bit is the bizarre appeal to comparative advantage and free trade. It’s bizarre because China cannot necessarily be said to have a comparative advantage in the sectors it now dominates. China got to this point through industrial policy and strategic protectionism

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Jon Sindreu

@jonsindreu

3 years

No sóc necessàriament partidar d'ampliar El Prat i sí estic a favor d'una política industrial de veritat, però no entenc aquests arguments. Ampliar un aeroport no terciaritza res. Algú es pensa que no venen més turistes perquè estan massa apretadets a les terminals?

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Jon Sindreu

@jonsindreu

7 years

@Enric_Hernandez @XSalaimartin Sr. Hernández, deu ser el primer director de diari de la història que acusa els lectors de buscar clics en lloc de al revés. Tota una fita.

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Jon Sindreu

@jonsindreu

3 years

Uns senyors d'Esade que es passejaven per Harvard contractant una Big Four per investigar el troleig que ells van externalitzar a una consultora de "social media intelligence" per tapar la destrucció del club més exitós del mon. 1000 cops més descriptiu que el llibrot de Piketty.

Manel Vidal Boix

@massanagranaire

3 years

Una cosa lateral que també està quedant al descobert amb el Bartogate és que tot això de les consultories, les auditories i les Big Four és una merda absurda i una flatulència del capitalisme que mou moltíssims milions perquè tothom fa veure que no són una puta CAMAMA.

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Jon Sindreu

@jonsindreu

6 years

Cal dir que a vegades la política té moments divertidíssims.

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Jon Sindreu

@jonsindreu

3 years

El que passa a Heathrow és que els vols low cost van a Gatwick, Stansted i Luton, el preu del vol pel turista d'espardenya no ha pujat. Tot i estar a més distància, la majoria aniria a Girona i Reus sense cap problema (sobretot en temporada alta).

Aquí Catalunya

@AquiCatalunya

3 years

Maurici Lucena, president d' @aena : "L’aeroport de Barcelona se saturarà l’any 2025-26 (...) inevitablement, els preus dels bitllets d’avió pujaran"

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Jon Sindreu

@jonsindreu

7 years

Com que en parleu tant, si us interessa veure per vosaltres mateixos en la intervenció de @alandete al Parlament Britànic, aquí la teniu sencera:

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Jon Sindreu

@jonsindreu

5 years

Però què nassos...?

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Jon Sindreu

@jonsindreu

10 months

This is pretty crucial, but I think the obsession with the education system as the explanatory variable is flawed. People don't go to vocational school because there aren't enough stable high-paying industrial jobs in their region, not the other way around.

Mike Beckham

@mikebeckhamsm

10 months

We began manufacturing in America in 2022. We will make over a million bottles domestically in our first year. I’ve learned first hand why it is so hard to build things in America. For us, the biggest barrier hasn’t been wages or regulation.

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Jon Sindreu

@jonsindreu

4 years

D'una de les coses que estic orgullós enguany és de no haver opinat sobre temes epidemiològics dels quals no en tinc ni idea. Però deixeu-me trencar aquest silenci per dir: No hi ha límit a les bestieses que propaga certa gent? Si us plau, pareu.

Roger Palà

@RogerPala

4 years

Els concerts són el lloc més segur del món, explica en @gerardquintana . Aquest article de @JordiBianciotto diu coses tan evidents...

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Jon Sindreu

@jonsindreu

6 years

Article molt recomanable a l'ARA: Els inversors mediàtics com Ajram i Lacalle no només ofereixen retorns escassos, sinó que cobren comissions elevades. "El perill de deixar-li els diners a un guru"

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Jon Sindreu

@jonsindreu

7 years

Surprised about all these analysis that say the Catalonia-Spain spat will end up with a deal for greater autonomy. Very unlikely.

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Jon Sindreu

@jonsindreu

3 years

Sorry, I had to.

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Jon Sindreu

@jonsindreu

7 years

Catalan president Puigdemont strongly suggesting there'll be a unilateral independence declaration if "yes" vote prevails #CatalanReferendum

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Jon Sindreu

@jonsindreu

4 years

Al fin he podido leer éste artículo y se me han ocurrido muchas cosas que decir! Estoy fundamentalmente en desacuerdo con la afirmación de que estas reformas no debería compararse con las práctica del FMI por el mundo. Me explico:

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Jon Sindreu

@jonsindreu

7 years

Per tant, abans de fer grans discursos sobre com de collonuts som tots i com tota la resta és fake news, potser menys prendre la gent per imbècil i intentar reflexionar sobre com fer les coses millor a nivell individual i col·lectiu. Apa, bones festes.

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Jon Sindreu

@jonsindreu

4 years

No creix dels arbres perquè el diner és una ficció. A veure si ens n'assabentem d'una vegada.

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Jon Sindreu

@jonsindreu

3 years

Es pensi el que es pensi de tota aquesta polèmica, segurament cal reflexió de fins a quin punt és lícit emprar l'estabilitat d'un sou acadèmic per dedicar-se a la divulgació mediàtica. Segurament és lícit fins a CERT punt, però costa saber quin.

Historiador C.Sirera

@DrSirera

3 years

Ahora sí: "El caso Forti: la prostitución del profesorado precario como forma de vida"

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Jon Sindreu

@jonsindreu

5 years

He de dir que m'estava avorrint bastant amb els nous episodis post-Procés, però aquest arc argumental d'Iceta al Senat m'està encantant. Nota a IMDB: 8/10.

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Jon Sindreu

@jonsindreu

3 years

@JWMason1 My personal view (which as I always underscore is biased by being a journalist and not an academic) is that to describe reality we either provide a model with proven predictive power or we should restrict ourselves to identifying reasonable causal mechanisms in the real world.

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Jon Sindreu

@jonsindreu

3 years

Com a columnista sempre em reconforta confirmar que, fins i tot entre una munió de mals anàlisis de diverses bandes, sempre hi ha algú que té una opinió molt pitjor.

@[email protected]

@Guillemmartnez

3 years

Vídeo. Que et deixin parlar en tant ets ‘part d’un mateix poble’ és inquietant. I requereix, com és el cas, que algú et doni -o, pel mateix preu, et tregui- aquesta mena de passaport. I està passant. Torna a passar a Europa.

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Jon Sindreu

@jonsindreu

4 years

Celebrating Catalan National Day.

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Jon Sindreu

@jonsindreu

3 years

What's the problem with that? Even if we accept monetary policy was the key variable that tamed inflation (it's at least debatable), we are talking about a massive, sudden hikes that affected inflation by inducing recessions. This wasn't micromanagement, it was brute force.

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Jon Sindreu

@jonsindreu

6 years

2019 Nobel Prize for Economics already has an owner.

Matthew Bennett

@matthewbennett

6 years

If 50,000 new immigrants are to scrape by in Spain on, say, €10,000 a year each, that’s €500 million that has to come from somewhere in the economy, every year. If they are to live comfortably, twice that, a billion euros a year. Where can the money come from?

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Jon Sindreu

@jonsindreu

4 years

Un pilar de la professió és que el periodista no ha de ser mai la notícia. Esdeveniments com les eleccions al EUA ens serveixen per recordar periòdicament que això és una trola com una casa de pagès: el que més motiva als periodistes és que ens mirin mentre ens fem l'important.

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Jon Sindreu

@jonsindreu

2 years

Whether MMT as a whole is correct or not, what seems evident is that the endogenous money view (which is much older) has made incredibly successful predictions in the last 20+ years. I find it wild that so many people are still insisting on the Quantity Theory of Money framework.

David Beckworth

@DavidBeckworth

2 years

. @davidjlynch on whether monetary aggregates really tell us much about inflation this time. (1/2)

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Jon Sindreu

@jonsindreu

7 years

Sempre que un periodista en una entrevista diu "doncs a mi mai m'han dit què he d'escriure o dir" tinc ganes de trucar a l'Area 51 perquè li facin un anàlisi paranormal a fons. Perquè a la resta ens ho han dit mil vegades, sobretot a Espanya.

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Jon Sindreu

@jonsindreu

7 years

Sí, a les emissores de ràdio s'hi imposen quotes de tertulians segons convingui pel moment polític o el partit de torn. Sí, als presentadors d'aquests programes se'ls demana despatxar gent. Sí, els semàfors dels diaris són política i res tenen a veure amb interpretació lliure.

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Jon Sindreu

@jonsindreu

3 years

As an argument, "the natural rate of interest forced me to pass an act through Congress" sounds a bit like "it was God's will that I buy another electric guitar". I can try it, but not sure it's gonna fly.

Tony Yates

@t0nyyates

3 years

LoL. Kelton mixing the normative with the positive, and just being wrong. Policymakers were forced into this by the natural rate, and will normalize instruments when and if the natural rate reverts.

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Jon Sindreu

@jonsindreu

3 years

A very nice chart from UniCredit on inflation and consumption. The two takeaways: 1) Most prices are really irresponsive to demand (they move along the horizontal axis) 2) Most items are just retracing whatever happened during the lockdown period.

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Jon Sindreu

@jonsindreu

3 years

Can it be argued that shortages (just as in the 1970s) will induce the kind of spiral that we need to kill off with a monetary circuit breaker? It can, but let's say openly that we are talking about creating unemployment. There is no evidence to expect gentle micromanagement.

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Jon Sindreu

@jonsindreu

4 years

I think today's EU deal is another example of why the "bad equilibrium" view is probably more appropiate to describe the eurozone than either wishful thinking optimism or this annoying tendency to announce its demise every 10 minutes...

Jon Sindreu

@jonsindreu

4 years

Neither Doomsayers Nor Believers Triumph in Europe

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Jon Sindreu

@jonsindreu

4 years

This week marked the largest inflow into global equities on record (BofA).

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Jon Sindreu

@jonsindreu

1 year

Though CS was far above all regulatory ratios, a last-minute acquisition still had to be arranged. It seems to confirm that market panics don't go away as capital & liquidity buffers increase--the threshold for a panic simply moves in lockstep. Or, at least, so think regulators.

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Jon Sindreu

@jonsindreu

4 years

Según estos datos, el PIB de ambas regiones es 91.3% relativo al del 4° trimestre del 2019. Igual hasta el decimal. Las mates de primaria atacan de nuevo.

D. Pedro Herrero

@aparachiqui

4 years

En un SXXI en que la cosa va de captar talento y crear lugares agradables, politizamos la sociedad, te preguntamos tus apellidos y te imponemos el idioma en el que estudian tus hijos. Regalo concedido, chavales.

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Jon Sindreu

@jonsindreu

3 years

And would this reduction in demand fix the massive skew towards goods consumption v services that is making bottlenecks worse? Or is another channel posited? This is IMO why causal mechanisms have to be part of the argument, rather than assuming them away.

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Jon Sindreu

@jonsindreu

3 years

Un itinerari per solucionar de debò el problema del lloguer: El govern DUPLICA d'un dia per l'altre el tipus d'IVA i ITP aplicat sobre l'habitatge, amb una exempció per aquells que venguin l'immoble al sector públic a preu de mercat. Objectiu: fer públic 50% del parc en 10 anys.

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Jon Sindreu

@jonsindreu

3 years

In fact, the experience of the past decade proves that central banks have been very ineffective at what was supposed to be their main function. So where does the empirical case for using monetary policy to control inflation comes from? Mostly the 1970s-80s.

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Jon Sindreu

@jonsindreu

6 years

On a bit of personal news, today I start a new gig as a writer for WSJ's Heard on the Street column section. Still writing (mostly) about markets & economics, so please keep sending your ideas to me so I can steal them.

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Jon Sindreu

@jonsindreu

6 months

Aquesta matraca que no paro de sentir és una collonada immensa. El problema no té res a veure amb les suposades expectatives hegemòniques de l'afició, és que aquesta plantilla per pura racionalitat hauria de jugar mil cops millor. Punt final.

Jijantes FC

@JijantesFC

6 months

📺 DIRECTO @JijantesFC @DBR8 : "El error, por parte del club y que él también tiene parte de culpa, es el discurso de tener que ser un equipo hegemónico." 😰 "Se ha dado cuenta que el enfoque del proyecto no era el correcto. Se ha vendido un club muy potente cuando ahora no lo

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Jon Sindreu

@jonsindreu

15 days

Doncs jo crec que sí que assenyala unes diferències culturals que són certes. Però cal ser molt barrut per vendre això com una teoria de "lo que yo llamo nacionalismo". Senyor cosmopolita, sàpiga que hi ha molts països al món on la gent no es passa el dia a les cases dels altres.

Saralidiaester✍️

@SrDelBarret

15 days

És tan obscè tot el que diu que no sé que dir!!

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Jon Sindreu

@jonsindreu

2 years

The best thing about the ECB's anti-fragmentation tool is that it finally admits eurozone nations can technically issue limitless amounts of debt because and have it mutualized. Only when a country is politically punished does the ECB take action to enforce said punishment.

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Jon Sindreu

@jonsindreu

2 years

At a moment in which availability of actual stuff has proven to be the real economic constraint, suggesting that a low public debt/GDP ratio somehow frees you from this constraint is very bizarre IMO. Why would having low debt make more lithium suddenly available, for example?

Robin Brooks

@robin_j_brooks

2 years

@TheStalwart @M_C_Klein The debt brake may or may not be optimal, but it has meant that German debt is at very low levels, which now gives Germany massive fiscal space to shift its energy needs away from Russia and improve its military. Isn't this actually an endorsement of trying to keep debt low?

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Jon Sindreu

@jonsindreu

4 years

Let's be clear here for the broader audience because I hear this all the time: No it wouldn't. Without dividends (ceteris paribus) stock returns would be close to what they were, since all those earnings would have accumulated as cash. Stock markets track earnings, not dividends.

Holger Zschaepitz

@Schuldensuehner

4 years

Just to put things into perspective: Without dividends, European stocks' return since 2000 would be negative.

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Jon Sindreu

@jonsindreu

2 years

Already has IMO. Pushback would have required a questioning of the BOE's role that nobody was ready or willing to engage in.

Max Jerneck

@MaxJerneck

2 years

Without push-back, this is the narrative that will set in. And macro economic discourse will have regressed to 1994.

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Jon Sindreu

@jonsindreu

1 year

Un èxit espaterrant, el Junquerisme.

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Jon Sindreu

@jonsindreu

3 years

It had been a while since I had visited @ricardo_hausman 's Atlas of Economic Complexity site and I'm truly impressed by the revamp. It provides so many tools for macro analysis to finally take product complexity and international specialization seriously!

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Jon Sindreu

@jonsindreu

6 years

Avui fa un any, estava convençut que em feien perdre el temps anant a Sant Julià de Ramis, perquè la policia mai atacaria l'indret on votava el President de la Generalitat amb tota la premsa internacional a davant. Visionari tu.

Jon Sindreu

@jonsindreu

7 years

Spanish police come in full force and assault the crowds in Sant Julià de Ramis. #CatalanReferendum

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Jon Sindreu

@jonsindreu

4 years

I love the concept that the real issue here is that these tech giants are great at predicting social behavior. They are terrible at it! We are talking about algorithms that advertise fridges to to you for a month after you just bought a fridge.

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Jon Sindreu

@jonsindreu

3 years

To take the specific case as an example: No, there is very little evidence that micromanaging interest rates affects inflation in any predictable fashion (we can posit some effects with relative accurancy, such as impact on asset prices, but going further has proven tricky).

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Jon Sindreu

@jonsindreu

1 year

This seems to be accidentally making the opposite point that it wants to make.

Hanno Lustig

@HannoLustig

1 year

4/ Krugman then cites Japan as an example of a country that has sustained very high debt/GDP ratios, but fails to mention that the BOJ has been the only net buyer of long-term government bonds in Japan.

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Jon Sindreu

@jonsindreu

1 year

On some topical personal news, when I come back from paternity leave in May I will be taking over the European financial industry coverage at Heard on the Street and (sadly) moving away from aerospace. As always, my timing isn't the greatest.

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Jon Sindreu

@jonsindreu

5 years

No lo he podido resisitir.

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Jon Sindreu

@jonsindreu

4 years

És ben sabut que moltes empreses tenen presència a les Caiman per tenir accés al seu massiu mercat domèstic.

PereJP 🚄🚊

@perejp

4 years

Amb presència a paradisos fiscals, no. És va dir "amb seu a paradisos fiscals", que és bastant diferent.

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Jon Sindreu

@jonsindreu

2 months

Fa temps que dic: 1) La solució a la crisi de l'habitatge és que l'administració tingui un % molt elevat del parc 2) Per fer això cal comprar, no només construir 3) Després de la crisi, els bancs centrals eren la solució si haguessin comprat cases i no bons. Doncs entra la Xina:

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Jon Sindreu

@jonsindreu

4 years

Spain's fiscal stimulus in context: Relative to estimates of cyclically-adjusted GDP, it is among the SMALLEST in Europe. It's below India's and on par with countries like Russia and Indonesia. (UBS calculations)

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Jon Sindreu

@jonsindreu

3 years

ie "Our model says that X causes Y, and given some real-world empirical correlation between the two that is good enough, no examination of real-world causal mechanisms is needed."

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Jon Sindreu

@jonsindreu

4 years

I don't necessarily object to aggregating polls or building models with them, but it is assertions like these ("we always said that this was possible 10% of the time") that truly irk me. They can never be proven true or false and therefore turn the whole exercise into a cop-out.

Nate Silver

@NateSilver538

4 years

@NathanJRobinson I'm sure assholes like you would give "my profession" a hard time in pursuit of whatever vainglorious angle you're trying to play. But 10% things happen 10% of the time and empirically based on our forecasts that's exactly how often they do happen.

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Jon Sindreu

@jonsindreu

5 years

Sóc l'únic que pensa que l'estratègia de Sánchez té molt de sentit?

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Jon Sindreu

@jonsindreu

7 years

Indeed, Catalonia is credited as having the first public bank in Europe (1401). It financed the city of Barcelona and took deposits.

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Jon Sindreu

@jonsindreu

6 years

@AlexGutierrezM Sóc molt fan d'aquesta visió en què la Generalitat està composada per uns genis de la comunicació que han entabanat tota la premsa internacional.

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Jon Sindreu

@jonsindreu

7 years

Spanish police come in full force and assault the crowds in Sant Julià de Ramis. #CatalanReferendum

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Jon Sindreu

@jonsindreu

6 years

Ahir els suïssos van votar en contra d'una proposta que volia impedir que els bancs continuïn creant diners del no-res. Sona molt bé, però crec que la proposta tenia errors de base fonamentals (alerta, fil molt pedant):

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Jon Sindreu

@jonsindreu

5 years

Catalan separatist leaders given lengthy prison sentences

Violent clashes over Catalan separatist leaders' prison terms

Chaos at Barcelona airport as protesters react to sentencing over 2017 bid for independence

www.theguardian.com

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