Bernstein in the FT nails it: when investors can’t distinguish financial markets from prediction markets, speculation isn’t a side effect — it’s the operating system.
The real question is what could actually break the current casino atmosphere.
like 80 percent of GDP, in nominal terms at least www.bloomberg.com/news/article...
My colleague @hannahalothman.bsky.social is in Belfast tonight. This is what she’s seen.
www.theguardian.com/politics/liv...
One of these is labelled a protest, the other has been proscribed under the terrorism act.
Another horrifying consequence as.ft.com/r/f56800b7-4...
Richard Bernstein in the @FT; "When investors can’t tell the difference between financial markets and prediction markets, it’s clear that speculation is flourishing.
Investors should consider what might curtail the current casino atmosphere."
Richard Bernstein in the @FT; "When investors can’t tell the difference between financial markets and prediction markets, it’s clear that speculation is flourishing.
Investors should consider what might curtail the current casino atmosphere."
2/2 "Money is no longer the main constraint,” says Jens Südekum, professor of economics and personal adviser to finance minister Lars Klingbeil. “The real challenge now is the speed of project delivery.”
Really, really, really object to any news corporations labelling people setting fire to cars, houses and attacking police as 'protesters'
1/2 From @FT: "Berlin last year worked around a constitutional obligation to balance the budget, allowing the government to borrow €500bn to revamp its ailing infrastructure over 12 years, with a priority on trains, and to spend the same amount on the military.
