Semi-retired millennial investor. I retweet things related to macro econ, btc, stonks, trading. Nuclear energy propagandist. Accelerationist/pragmatist.

Sunspear, Dorne
Joined October 2010
Replying to @Smolchain
This is it. This is the whole ballgame.
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🚨 MASSIVE CRASH: 🇮🇩 Rp 2.14 QUADRILLION ($90 BILLION) wiped off Indonesia’s stock market as stocks plunge 20% in just 3 trading sessions. It's collapsing...
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Macron tried to reform the pension but backed down because of - yep, you've guessed it - public protests. Reminds me of this quote: "We all know what to do, but we don't know how to get re-elected once we have done it." -- Jean-Claude Juncker
Was reading about France's pension system. Unlike Australia, which has a flat rate that is means-tested, middle to high income earners earn more from their pensions than low-income earners. And now pensions = 13.6% of GDP. What an absolute disaster of a policy.
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ekaren has lost the plot esafety.gov.au/newsroom/blog…
According to the @eSafetyOffice you are a dangerous far right incel if you either A. hate women or B. are fiber-maxxing.
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Can’t believe the kind of stuff the @eSafetyOffice is putting out:
According to the @eSafetyOffice you are a dangerous far right incel if you either A. hate women or B. are fiber-maxxing.
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Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨
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Being pro business & getting rid of the worst migrants may solve some problems, but not the Big problem, so the unrest will not end Don’t worry about Le Pen, worry about the person who comes after
Extreme right Le Pen wants to roll back French retirement age already lowest in Western Europe to 62, extreme left Mélenchon to 60. 25% of🇫🇷 public spending is pensions, national debt will soon exceed 120% of GDP. Extremists+economic populists will drag France and Europe to ruin.
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Sorry but the USSR-level social spending has to end at some point
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Oh dear.. awful time for bad news $NXT.AX #Firmus #AI
The mrkt is connecting the dots on NextDC’s debt binge & the equity looks very fragile. Leverage is exploding toward 15x Debt/EBITDA in FY27 as the company pours >A$5.5B into capex while EBITDA limps to A$400M. Increasing debt into a higher-rate world leaves the balance sheet stretched thin, refinancing risk elevated, & the equity hanging by a thread... $NXT.AX #AI
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Australian businesses are feeling worse about the economic outlook, according to NAB. Confidence fell 4 points to −13 in September – its third straight monthly fall and among the weakest 5% of readings in the survey’s history. 1/4
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The tragedy of it all is that rioting against inflation and cost of living by destroying stores just increases inflation and cost of living. Fiscal issues lead to social issues, which lead to more fiscal issues and more social issues.
“We become what we behold.” -William Blake If you contemplate an archetype long enough, when the moment arises, you will unconsciously embody it.
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Denmark is raising its retirement age to 70. French election candidates pledge to reducing it to 60 or 62. Denmark's debt to GDP ratio is 27%; France's is 117%. You reap what you sow. cnn.com/2025/05/23/business/…
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The OECD secretary-general has warned Australia must lift productivity and overhaul economic settings rather than rely on rebates and handouts, while signalling that growing public frustration is creating an opening for political populism. news24.com.au/politics/austr…
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My cursory knowledge of French politics is that they have universal pensions they can't afford so they let in a lot of young Muslims hoping they'd pay payroll taxes and that was dumb and everything is burning.
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"What do I owe society?", asked the guy in the green.
“I’m old. I’ve paid my home off,” said Ray Warner, a 72-year-old Akron resident. “Why would I pay property tax?” Across the country, homeowners are asking the same question and revolting against property taxes at a scale not seen in a half century. politico.com/news/magazine/2…
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Productive young private sector workers really need to form their own country and let all these welfare states collapse
The biggest, and stupidest, myth in European politics, particularly popular in France, is that Europe suffers the consequences of "austerity" and "neoliberalism". In the biggest 5 countries in Europe, more than half of the population makes its income from the state, less than half from the private sector. This is what makes the problem of reducing the welfare state so impossible: more than half of the voters are net recipients. No surprise that Italy's budget has not been balanced in 100 years, France's in 50 years (ooh la la, l'austérité!!): -France: 30 million from the state versus 21m private sector workers. State spending is 57% of GDP, taxes more than half the economy. The budget hasn't been balanced in the lifetime of most French (since 1974). - Germany: 35 million adults from the state, versus 34 million from the private sector. 10% of the population is registered as severely disabled. Public spending is over half of GDP. Germany has had a continuous budget deficit since 2019. -Italy: 23 million from the state, versus 20.5 million private-sector workers. Public spending is 51% of GDP. Italy has had a budget deficit every year since 1925, for 100 years. - Spain more people get their income from the state since 2024: 18.21 million from the public sector versus 17.9 million people working in the private sector. Since 2025, Spain also had more government employees than self-employed workers (autónomos) for the first time in history. State spending is at 45%, budget has not been balanced since 2007. - UK: 54% of households now receive more in state benefits than they pay in taxes. State spending is 44.5% of GDP, taxes (40%) are at their highest since 1950, the budget hasn't been balanced since 2001, and 1 in 5 new cars is paid by the government through a bizarre state disability scheme (Motability).
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The fundamental conflict is between government and the retirees they lied to Leave the kids alone
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Ce n’est plus Bukele qu’il faut, mais Hitler. Le minimum.
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Lo de Francia muestra que el esfuerzo del contribuyente no compra gratitud. Ayudar sin exigir nada cría monstruos que se creen con derecho a todo. No agradecen, no retribuyen y siempre exigen más. El Estado benefactor cultiva un hombre de mierda.
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Close to 1 in 2 chances now for Le Pen after rioting
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Every revolution ever is basically this though
Sabéis lo que va a pasar en Francia? Que va a ganar la ultraderecha por goleada. Se están relamiendo con lo que está ocurriendo hoy. Desde cuándo para hacer una revolución hay que quemar edificios y vandalizar monumentos? Se os está yendo la pinza.
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