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Peter Tanham retweeted
We should build loads and loads and loads of houses that look like this.
Millions of them.
Make them cheap as chips.
Peter Tanham retweeted
Mhm there are quite a lot of books describing what’s wrong w the European macroeconomic construct but I don’t know one that pulls the story together, so I will try in a thread: /1
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Peter Tanham retweeted
⏰Only 3 days left to apply for ‘Founders’, Ireland’s Talent accelerator!
40 exceptional individuals. €100k seed investment. No idea needed. Plus, €2,000 monthly stipend. 💸
What would you do if you weren’t afraid? Deadline is this Sunday at midnight. apply.joinfounders.co
Peter Tanham retweeted
The Dublin Rape Crisis Centre has launched a new online anonymous platform where survivors can share their stories.
@DublinRCC @WeConsentIRL @RCNIreland @WomensAidNI
hotpress.com/health/dublin-r…
Peter Tanham retweeted
The Bloomberg survey of professional investors shows that 90% think that “companies on both sides of the Atlantic have been raising prices in excess of their costs since the pandemic began in 2020. “ Almost four out of five said that tight monetary policy is the answer 1/
In this week's newsletter: The next budget will see the government faced with huge amounts of spare cash, but very few ways to spend it well.
My argument that the surplus should be saved:
petertanham.com/the-wrong-ti…
The EU's new fiscal rules are based on GDP, so they'll barely apply to Ireland because our GDP numbers are half make-believe. Handy 🤷
irishtimes.com/business/2023…
Peter Tanham retweeted
Good thread on why solely "affordable" housing isn't the way to go
Replying to @IronEconomist
Focusing on affordable housing is just a closet Nimby strategy. We want the average quality of the stock to rise over time so every new house should be above the median price point in the area. We should be making old houses affordable by building 4-7m ‘luxury’ homes.
Peter Tanham retweeted
I can finally say it: I settled the bet early with @balajis! Took some time to work out the details but he proceeded in good faith and you can see the receipt of funds on chain in the next tweet. $500k to me (so I get 30% post tax as planned) and 500k to @GiveDirectly
Peter Tanham retweeted
Pepsi. 14% revenue growth. Virtually no volume growth. investor.pepsico.com/docs/de…
Peter Tanham retweeted
Amazing how quickly the possibility of profit-driven inflation went from ludicrous to established. bloomberg.com/opinion/articl…
I really hope there’s a team in some Government department getting ready to analyse, rank and purchase commercial property at steep discounts and convert it to (emergency) accommodation, if/when the market turns.
Peter Tanham retweeted
On a 12-month basis, €24 billion of Corporation Tax has been collected. It is now heading for €5,000 on a per capita basis with most of this paid by foreign-owned firms. It is unclear where the peak will be as it continues to go in only one direction.
Peter Tanham retweeted
The table below shows the annual increase in residential rents across a group of EU comparators and Ireland between 1997 and 2022.
Red = average annual rents up by 5% or more
Green = increasing by 2% or less
Yellow = rents falling
Spot the outlier.
Peter Tanham retweeted
Despite the tweet, the title and introductory paragraphs blaming workers, the actual stat they share is:
“Unit profits increased by 9.4% [in Q4] and contributed more than half the domestic price pressures, while unit labour costs increased by 4.7% and contributed less than half”
What really drives inflation? Profits or wages?
When prices are high, workers request higher wages, so firms raise prices again… and so on. If this “tit-for-tat” approach continues, everyone ends up poorer.
Read #TheECBblog to find out why ecb.europa.eu/press/blog/dat…
Peter Tanham retweeted
Tune into the newest episode of "Catch up with @louisemcsharry " in conversation with #WeConsent manager, Sarah Monaghan 💬here
open.spotify.com/episode/6BY…
@DublinRCC #consent
This week's Irish Political Economy newsletter has gone live. Top story: Is @HollyCairnsTD right that she is “a member of the first ever generation who will be worse off than my parents”?
I think so, but it sparked a strong debate last week.
Summary🧵:
mailchi.mp/aa8b86ca0cf4/29-b…
Read the full newsletter and subscribe here: mailchi.mp/aa8b86ca0cf4/29-b…
Another one for the list: xitter.cf/ConorWilson/status/164…
"I'm a member of the first ever generation that will be worse off than my parents"
I'll be examining @HollyCairnsTD's statement on @RTE_PrimeTime next, with analysis from @Aidan_Regan, @CormacLucey, @CarolineReidy6, @TraycKeevans
Long read below
#rtept
rte.ie/news/primetime/2023/0…























