Finance & economics writer and commentator. Author of 'The Case For People's Quantitative Easing' (Polity Books). Sings a bit too.
RT @jmackin2: WeWork’s Valuation Falls to $8 Billion Under SoftBank Rescue Offer https://www.wsj.com/articles/softbank-offers-to-put-6-5b-into-wework-including-5b-loan-11571687872 +"WeWork also is planning to cut…
RT @michaelbatnick: Howard Marks on negative interest rates. https://www.oaktreecapital.com/insights/howard-marks-memos
RT @CNBCi: JP Morgan is at risk of losing big on its WeWork bet, a major potential blow to Jamie Dimon https://cnb.cx/2P70yp1
RT @StockCats: “Go away, no one is home”
Dear @FT, a "cash crunch" is code for "can't meet its obligations", isn't it? In other words, unless one of these financing packages is agreed, WeWork becomes WeBust in two weeks' time.
If you are looking for a little light relief from the Withdrawal Agreement Bill, here is my tale of the slow death of Raphael's Bank. It's a tad melancholy, but quite sweet. Enjoy. https://www.forbes.com/sites/francescoppola/2019/10/21/a-bank-quietly-dies/#68210797374d
RT @StevePeers: Good overview of the bill in this thread https://twitter.com/Joe_Marshall0/status/1186364377315905536?s=20
RT @MaryCreaghMP: Very significant. This is why Johnson only published the bill at 8pm. Hoping no one will bother reading it. Come on Twitt…
But crypto creates money. Lots of it. Well, funny money, anyway. https://twitter.com/MirakhorHassan/status/1186427064930488320
Not a done deal yet, but.....WeWork founder could be stripped of voting power in SoftBank takeover https://www.ft.com/content/b9312eee-f440-11e9-b018-3ef8794b17c6?emailId=5dae355d19ffeb000448653f&segmentId=3d08be62-315f-7330-5bbd-af33dc531acb via @financialtimes
 
must say the real story here is Softbank's outsize loss, though. Eventual equity valuation will be less than half its total investment. That's one heck of a lot of goodwill.
RT @budgie: Very tempting.
Tomorrow I think I will explain on Forbes why central banks hold gold, and why you shouldn't take what the Dutch central bank says seriously. For the benefit of @ZeroHedge, who appears not to know either of these.
 
Though kicking We(TakenOver) might be fun too. Or perhaps sticking the knife into Libra again.
 
Then there is also Bitcoin, poor thing. It's gone a bit limp.
Bitcoin: beyond da moon http://ftalphaville.ft.com/2019/10/21/1571681911000/Bitcoin--beyond-da-moon/ via @FinancialTimes
This freelancer is not so convinced by Starbucks as a "hot co-working space", though. Internet and power points are essential, of course, but so is good coffee, and Starbucks noticeably lacks that.
For Neumann it's "WeSacked", isn't it? https://twitter.com/davidgerard/status/1186406703652315137
RT @lizrhoffman: Breaking on @WSJ: *Deadline tonight for WeWork rescue bids *SoftBank offering $5bn loan, $1.5bn equity, $1bn to buy out e…
RT @colbyLsmith: Argentina's bondholders brace for steep losses after a private meeting with IMF officials and another with associates of p…
RT @FinancialTimes: Selling fake followers to influencers who want to appear more popular than they actually are is unlawful, the US Federa…
I think this may be a matter for @pseudoerasmus. https://twitter.com/drlangtry_girl/status/1186347324404125702
Tonight's bedtime reading. https://twitter.com/StevePeers/status/1186355945019969537
RT @LawDavF: As Official Historian of Falklands can i note that Europeans showed solidarity with UK from the start (with sanctions etc) whi…
They don't care about the GFA at all. Or about peace in Northern Ireland.
Some of us have been trying to get this across for ages.... https://twitter.com/NinaDSchick/status/1186232091253624832
RT @NinaDSchick: Imagine being persuaded Brexit’s “been delivered” only to find out that it’s just getting started. It’s going to be a lo…
Guardian liveblog: "Gove has confirmed that direct rule of Northern Ireland by Westminster would be necessary if Stormont is not back up and running once Brexit goes through." DIRECT RULE. Words fail.... https://www.theguardian.com/politics/live/2019/oct/21/brexit-johnson-to-push-for-deal-as-labour-woos-rebel-tories-eu-extension-live-news?utm_term=Autofeed&CMP=twt_b-gdnnews&utm_medium=Social&utm_source=Twitter#Echobox=1571642575
Beautiful. https://twitter.com/junrussell/status/1186330221428916230
RT @Life_Disrupted: Liz Truss hopes to strike a great new free trade deal between Britain and Northern Ireland.
RT @jdportes: Disgraceful. A cross-Whitehall team spent months developing a trade model *precisely* in order to model the impact of diffe…
RT @HugoGye: Ken Clarke promises he will vote for 3rd reading of WAB. But criticises programme motion - "not the slightest possibility" of…
RT @prchovanec: I refer this to @realGollumTrump for official comment: https://foreignpolicy.com/2019/10/21/trump-administration-mordor-failed-hegemon-tolkien/
RT @FullFact: Viral tweets have claimed that there were 2 to 2.2 million people on Saturday's People's Vote march, citing Sky News and Germ…
This is hilarious. The WAB is not even published yet, but Rees-Mogg announces that amendments to it can be tabled tonight. "Flying blind" takes on a whole new meaning.
RT @jennirsl: Clearly the Government is too scared to publish the evidence of how their Brexit will damage the economy. The Chancellor woul…
Three days - for a long and complex Bill that has not even been published yet. 🤔 https://twitter.com/Peston/status/1186321983027499010
RT @JohnEGlover: He’s right. But his solution? An inevitabile border on the island of Ireland after a so-called (non-existent) clean break,…
RT @AlisonStine: NPR has reported that the unemployment of deaf people is "staggering." More than 60% of people with hearing loss are unabl…
RT @GeorginaEWright: And run the risk of being blamed for an accidental no-deal outcome (if deal passes, but not WAB)? Hmmm. Non. https://…
RT @IanDunt: Either it's a Remainer parliament or No.10 thinks it has a majority for its deal. But it can't be both. https://twitter.com/TelePolitics/status/1186317511815503873
Merv the Swerve swerves again. https://twitter.com/FTAlphaville/status/1186309690235523074
RT @IanDunt: The Barclay admission is truly extraordinary. Export declarations within the UK. It's no wonder the DUP are vociferously oppos…
Anyone would think he saw the criticism coming and prepared for it. https://twitter.com/StevePeers/status/1186303324020203522
RT @IanDunt: "The PM has not deigned to grace us with his presence today but I'm reassured that despite his pledge he's not be found anywhe…
Good lord. John Redwood thanks the Speaker for "avoiding groundhog day today". He continues "I heard all the arguments on Saturday and I don't need to hear them again today." DISLOYALTY!
RT @SamuelMarcLowe: A while ago I wrote a paper in which I estimated the potential impact being in a free trade agreement (much like the on…
RT @franboait: this article says it all about why Facebook is heading in the wrong direction https://www.theguardian.com/commentisfree/2019/oct/21/mark-zuckerberg-plea-biillionaire-class-anti-democratic?CMP=fb_cif
RT @econbartleby: Bercow may be pompous and puffed-up. But he wouldn't be a problem for the government if it had a majority. And without a…
RT @theonlypeterkay: Bercow points out that Rees-Mogg praised his rejection of May’s thwarted attempts repeated presentation of her WA, say…
 
 
 
 
 
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