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Legal Alien UK

@legalalienuk.bsky.social
26 followers 89 following 23 posts

American Finance lawyer in London. Views are my own, and not legal advice.

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Legal Alien UK @legalalienuk.bsky.social · 10/01/2025
One of the most economically illiterate and incoherent articles I’ve read in a while. “Borrowing costs”, aka GILT yields, have very little to do with the real economy, and there’s no reason why the BofE couldn’t control the yield curve if they so wished. stocks.apple.com/AXaulbx4SQr6...
stocks.apple.com
UK Bond Selloff Puts Reeves’ Economic Project on the Brink — Bloomberg
Borrowing costs have risen, pound has declined to lowest in more than a year
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Prem Sikka @premnsikka.bsky.social · 09/01/2025
UK retailers warn of 4.2% food price rise later this year. Any chance of cutting profit margins, exec pay, dividends, share buybacks, thought not. Visit any food bank and you will find supermarket workers queuing. Despite huge profits work doesn't pay enough. www.theguardian.com/business/202...
theguardian.com
Retailers warn of higher prices in 2025 and urge ministers to ease tax burden
Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year
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Prem Sikka @premnsikka.bsky.social · 09/01/2025
England's listed water companies pay more in dividends than private ones United Utilities, Severn Trent Water, Pennon paid £3.6bn dividends since 2020, 61% of the total for water sector. Dents Ofwat claim that relisting of companies will improve performance Must nationalize water archive.ph/FVD4I
ft.com
Listed UK water utility dividends exceed private peers’ payouts for first time since Thatcher
First-time publicly traded companies pay out more than privately held rivals since privatisation
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Legal Alien UK @legalalienuk.bsky.social · 17/12/2024
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Legal Alien UK @legalalienuk.bsky.social · 13/12/2024
This was only unexpected if you refused to listen to the #MMT economists telling you that if you cut government spending, the economy will shrink.
theguardian.com
UK’s economy shrinks unexpectedly by 0.1% in October
GDP figures underline scale of challenge for Labour to get the economy growing
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Seth Abramson @sethabramson.bsky.social · 12/12/2024
I think maybe I detest all tech bros forever
ft.com
Meta donates $1mn to Donald Trump’s inauguration fund
First-time contribution shows social media platform and its chief are trying to mend relations with president-elect
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Legal Alien UK @legalalienuk.bsky.social · 09/12/2024
For #MMT people interested in the UK, curious what you think of the new consultation paper from the BofE today, and their move from a supply to demand driven reserve framework. www.bankofengland.co.uk/paper/2024/d...
bankofengland.co.uk
Transitioning to a repo-led operating framework
Discussion paper
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Seth Abramson @sethabramson.bsky.social · 05/12/2024
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MMT Portugal @mmt-portugal.bsky.social · 04/12/2024
The EU fiscal rules are an impossible equation. Now that Chinese industry is catching up in terms of innovation and quality, the only thing europeans can expect is persistent recession, because there's no way to balance the trumbling exporting machine. The fiscal rules are immutable.
bbc.com
French government collapses in no-confidence vote
Michel Barnier's ousting over a budget bill deepens France's current political crisis.
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Legal Alien UK @legalalienuk.bsky.social · 04/12/2024
With business practices like this, I often wonder why America’s gun violence epidemic isn’t pointed at those who actually make the decisions. It seems like that has happened today to the United Healthcare CEO. Hopefully decision makers take a moment to reflect. www.nytimes.com/2024/03/14/o...
nytimes.com
Opinion | ‘What’s My Life Worth?’ The Big Business of Denying Medical Care
Insurance companies have weaponized a seemingly benign process to protect their profits, and it’s putting patients at risk.
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Phil Armstrong @philarmstrong58.bsky.social · 01/12/2024
The world needs crypto like a fish needs a bicycle.
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Dave Vetter @davidrvetter.bsky.social · 26/11/2024
🚨Stephanie Kelton, author of The Deficit Myth, has a newsletter. Oh and she's on Bluesky.
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Legal Alien UK @legalalienuk.bsky.social · 25/11/2024
Just reminding people of this classic, in case anyone seems to have forgotten how corrupt and pathetic the justice department is when it comes to holding the executive branch accountable. www.simonandschuster.com/books/The-Ch...
simonandschuster.com
The Chickenshit Club
Winner of the 2018 Excellence in Financial Journalism Award From Pulitzer Prize–winning journalist Jesse Eisinger, “a fast moving, fly-on-the-wall...
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Legal Alien UK @legalalienuk.bsky.social · 25/11/2024
This shows the power of right wing propaganda and character assassination on the public. The less policy matters in the public debate, the worse the politicians can be.
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sanjukta paul @sanjukta.bsky.social · 24/11/2024
Truly recommend Nathan's election piece to anyone--and especially anyone saying "it's the economy." Yes, but how? Aside from the really clear & careful analysis of what went on over relevant time period, read for the enduring insights about use of CPI in reports of economic conditions
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Karl Bode @karlbode.com · 21/11/2024
the U.S. press does not require that Republicans take real ownership of unpopular and harmful policy I know a lot of folks at major outlets are conditioned to BELIEVE they do, but they really don't, and never have
yahoo.com
A Trump Judge Just Nixed Overtime Pay for Millions—and Media Yawned
Remember the right-wing frenzy over “Rich Men North of Richmond”? Well, this ruling exposes Trump-MAGA hypocrisy on the working class—and reveals a big media failure.
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Stephanie Kelton @stephaniekelton.bsky.social · 21/11/2024
Just up. open.substack.com/pub/stephani...
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Legal Alien UK @legalalienuk.bsky.social · 18/11/2024
I’m sure all the MAGA rednecks are super stoked that Wall Street is going to demolish their living standards in the coming years.
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Katie Cannon @katiecannon.bsky.social · 17/11/2024
We should listen to the sprit of FDR’s Second Economic Bill of Rights And wonder how it is that our elite influencers and shakers and policy makers decided to create an Oligarchy
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Katie Cannon @katiecannon.bsky.social · 17/11/2024
6/ I’ve had legal folks with large followings mute or block me for trying to get them to understand that money is not a coin It’s the law It’s so sad
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Allison Gill @muellershewrote.com · 17/11/2024
Blocking Nazis, trolls, and fascists doesn’t make it an “echo chamber.” People need to stop gaslighting us into thinking we have to listen to Nazis and debate trolls in order to be informed.
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Legal Alien UK @legalalienuk.bsky.social · 17/11/2024
This list was super helpful. Even had some new names I didn’t previously have on twitter.
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Seth Abramson @sethabramson.bsky.social · 17/11/2024
Rule #1
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Seth Abramson @sethabramson.bsky.social · 17/11/2024
This is the New York Post talking, not the New York Times. 😳
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soul nate @mnateshyamalan.bsky.social · 17/11/2024
“bluesky is an echo chamber” everywhere’s an echo chamber i’m going with the one without cybertruck guys
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