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Khazbi Budunov

@foscaecon.bsky.social
132 followers 189 following 107 posts

Macroeconomist, MMTer t.me/politeconomics

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Khazbi Budunov @foscaecon.bsky.social · 27/10/2025
Argentina’s sovereign bonds surged after Milei’s party won the midterm elections. It’s amusing how persistent the market narrative remains that harsh fiscal consolidation can somehow put the economy back on a growth path.
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Khazbi Budunov @foscaecon.bsky.social · 18/05/2025
What we should truly be concerned about is deflation in China.
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Khazbi Budunov @foscaecon.bsky.social · 03/05/2025
Doctor, what’s the diagnosis here?
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Khazbi Budunov @foscaecon.bsky.social · 25/04/2025
Viva la Resistenza! Viva l'Italia antifascista! Buon 25 aprile a tutti! 🇮🇹
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Khazbi Budunov @foscaecon.bsky.social · 17/04/2025
The Russian economy is in superposition: GDP is set to grow 3.1% in 2025, but signs of stagnation are mounting — credit and investment are slowing, retail is weakening. Growth is propped up by government spending, construction, and a tight labor market.
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Khazbi Budunov @foscaecon.bsky.social · 08/04/2025
😩
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Khazbi Budunov @foscaecon.bsky.social · 03/04/2025
😁
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Khazbi Budunov @foscaecon.bsky.social · 03/04/2025
- "Sir, trade balance over imports does not make any sense" - "Let's throw in some Greek letters like nerdy scientists would do!" - "Ok, that'll do"
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Khazbi Budunov @foscaecon.bsky.social · 03/04/2025
😂😂😂
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Khazbi Budunov @foscaecon.bsky.social · 28/03/2025
Russian data debunk the money multiplier: from 2005 to 2019, banks created money not from reserves but through lending. As in the U.S., credit demand is the main constraint. The credit theory of money wins. academic.oup.com/cje/article-...
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Khazbi Budunov @foscaecon.bsky.social · 19/03/2025
❤️
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Khazbi Budunov @foscaecon.bsky.social · 17/03/2025
📊 What’s happening with the Russian economy in early 2025? According to the latest forecast by INP RAS (ИНП РАН), Russia’s GDP growth in Q1 is projected at +3.1% year-on-year, though the growth rate is already showing signs of slowing down.
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Khazbi Budunov @foscaecon.bsky.social · 10/03/2025
I now understand Europe’s concern about Russia. In November 1999, President Yeltsin asked President Clinton to give him Europe. clinton.presidentiallibraries.us/items/show/5...
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Khazbi Budunov @foscaecon.bsky.social · 09/03/2025
It’s just that a recession is now being called an economic detox.
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Khazbi Budunov @foscaecon.bsky.social · 16/01/2025
💔
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Khazbi Budunov @foscaecon.bsky.social · 25/12/2024
Just a classic Christmas family photo: the perfect mix of holiday cheer and suspense.
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Khazbi Budunov @foscaecon.bsky.social · 20/12/2024
So, Trump wasn’t enough? Now we’re moving on to promoting far-right extremists in Europe too, with Musk backing Germany’s AfD.
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Khazbi Budunov @foscaecon.bsky.social · 02/12/2024
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Khazbi Budunov @foscaecon.bsky.social · 29/11/2024
The administrator of the Bank of Russia’s Telegram channel does not know the difference between neo-Keynesianism and New Keynesianism:
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Khazbi Budunov @foscaecon.bsky.social · 28/11/2024
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Khazbi Budunov @foscaecon.bsky.social · 28/11/2024
Russian MMT community on Telegram t.me/politeconomics t.me/mmt_chat
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Khazbi Budunov @foscaecon.bsky.social · 24/11/2024
Russian oligarch Oleg Deripaska suggested in 2020 that employees of the Russian Ministry of Finance and Central Bank should read Stephanie Kelton’s book on MMT.
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Khazbi Budunov @foscaecon.bsky.social · 24/11/2024
@weisenthal.bsky.social: What Is and Isn’t MMT – A Simple Guide
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Khazbi Budunov @foscaecon.bsky.social · 23/11/2024
«At a party where I barely knew anyone, I’d join random groups, listen quietly, nod thoughtfully, and then with zero understanding of the topic, sigh: "Capitalism…" Everyone agreed.»
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Khazbi Budunov @foscaecon.bsky.social · 22/11/2024
Inflationary? Not quite. Tariffs in the US don’t cause sustained inflation – they create a one-time price level jump. Laundry equipment prices surged ~20% after 2018 tariffs but stabilized soon after.
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Khazbi Budunov @foscaecon.bsky.social · 22/11/2024
Germany missed the opportunity to transform its export-oriented development model. Instead of adapting to new global challenges, it remained locked into an outdated strategy centered on industrial exports. 1/5
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Khazbi Budunov @foscaecon.bsky.social · 21/11/2024
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Khazbi Budunov @foscaecon.bsky.social · 20/11/2024
The Russian economy in 2023-2024 Despite sanctions, declining hydrocarbon exports, and a challenging external environment, economy grew by 3.6% in 2023 and 3.5% in 2024. Real incomes rose by 5.4% and 8%, while investments surged by 9.8% and 10%. 1/6 ecfor.ru/publication/...
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Khazbi Budunov @foscaecon.bsky.social · 20/11/2024
The debt owed to Soviet citizens on their savings is estimated at ₽65 trillion ($650 billion), which is twice the amount of the federal budget’s revenues. kommersant.ru/doc/6296199
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Khazbi Budunov @foscaecon.bsky.social · 19/11/2024
OK Boomer
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Khazbi Budunov @foscaecon.bsky.social · 19/11/2024
The Thanos-Milei gauntlet worked a bit, but at the cost of Argentina’s negative GDP growth.
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Khazbi Budunov @foscaecon.bsky.social · 19/11/2024
The U.S. economy is significantly less dependent on international trade compared to most other major economies, such as Germany, China, or Japan. www.ft.com/content/d54e...
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Khazbi Budunov @foscaecon.bsky.social · 18/11/2024
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Khazbi Budunov @foscaecon.bsky.social · 17/11/2024
The pandemic and the sanctions crisis created a record job surplus in Russia, with 3-6 vacancies per unemployed worker – an unprecedented labor market imbalance. wp.hse.ru/data/2024/09...
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Khazbi Budunov @foscaecon.bsky.social · 16/11/2024
Germany is losing its footing in the new Trumpian world order, with its decline reflected in the stock markets. The total market capitalization of German companies has fallen below 2% of the global market cap again. Only two German companies—SAP and Siemens—remain in the global Top 100 rankings.
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Khazbi Budunov @foscaecon.bsky.social · 16/11/2024
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Khazbi Budunov @foscaecon.bsky.social · 16/11/2024
Watching the sunset from Ponte Sisto.
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