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Marat Markert @maratmarkert.bsky.social · 14h

Ambtgenoten praten over pest. Headline that doesn't get more Dutch than this...

Reposted by Marat Markert

Professor Daniele Albertazzi @dralbertazziuk.bsky.social · 06/10/2026

Italy is providing a free lesson to the UK about how NOT to go about changing electoral law. Firstly, it has changed them every few years according to the needs of the governing majority of the day. Second, the workings of electoral laws should be fairly easy to grasp for voters..good luck with that

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Marat Markert @maratmarkert.bsky.social · 06/10/2026

The change in rhetoric is remarkable: from anti-market/anti-globalization (financialization) to "happy if the markets are happy" rhetoric in 8 years. bsky.app/profile/iank...

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Marat Markert @maratmarkert.bsky.social · 06/10/2026

Bardella popular among folks about to retire (in next years/decade), even though RN seeks to cut pensions...

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Marat Markert @maratmarkert.bsky.social · 06/10/2026

Not the main story of this piece www.ft.com/content/9b25..., but: When center-right copies far-right's policies (migration) => no electoral gains; but when far-right copies center-right economic policies (which the electorate supposedly dislikes) they don't book any losses... Go figure

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Marat Markert @maratmarkert.bsky.social · 06/10/2026

Rentner wollte seine Rente aufstocken, hat dann aber Wertpapierverkauf mit Verkauf von wertvollen Papieren verwechselt.

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Marat Markert @maratmarkert.bsky.social · 03/10/2026

What's big, explosive and good for your teeth?

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Marat Markert @maratmarkert.bsky.social · 17/09/2026

I admire the student's persistence, but I didn't expect the court to be convinced by the argument "if I had known that there were consequences for handing in late, I would have not handed in late." www.raadvanstate.nl/uitspraken/@...

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Reposted by Marat Markert

Anthony Zacharzewski @anthonyzach.be · 12/09/2026

Chatting about the how small language models might kill off the hyperscalers and data centres, and appreciating the irony that IBM is one of the companies on the “small, cheap and distributed” side (with their Granite SLM). klementoninvesting.substack.com/p/if-this-is...

klementoninvesting.substack.com

If this is true, the hyperscalers are toast

In my regular research (behind a paywall), I have been saying for a while that I think the future of AI is not large language models (LLM), but small language models (SLM) run on local desktop compute...

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Marat Markert @maratmarkert.bsky.social · 09/09/2026

Ex-hedgefund manager as treasury secretary will try to organize a bailout before the crash of hedge funds materializes. Who would have thought ... phenomenalworld.org/analysis/pri...

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Marat Markert @maratmarkert.bsky.social · 27/08/2026

De Telegraaf as Mona Keijzer's Russel Vought?

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Marat Markert @maratmarkert.bsky.social · 27/08/2026

You could just briefly point out that Mona Keijzer's political plans are the equivalent of AI slop: copied and based on what seems to be most probable electoral success formula from the past 2+ years. Little bit of NSC (sociaal conservatief) plus a little bit MAGA (Project 2029).

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Marat Markert @maratmarkert.bsky.social · 27/08/2026

You could write a 10+ post thread on why rejected politicians start their own party (rather than taking the hint that they have no place in representative politics), their chances of electoral success, what all of this means conceptually (function of parties to recruit and socialize elites) etc. Or

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Marat Markert @maratmarkert.bsky.social · 22/08/2026

Yes threatening war will make those yields certainly come down...

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Marat Markert @maratmarkert.bsky.social · 11/08/2026

The tech overlords want AI to replace human relations. German conservative politicians are on board: President of the Bundestag posts AI slop picturing back-to-school kids, and using AI slop music. "Don't ask - just grab" as a political motto.

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Marat Markert @maratmarkert.bsky.social · 31/07/2026

"restrictive fed policy"? What happened to "central banks waging war on currency"?

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

*by the Economist (columnist), not economists

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

but to create a debt market. Point is that what is presented here so confidently by the economists as somehow hard facts about sovereign debt, debt markets and safe assets in the EU doesn't seem to fly elsewhere.

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

Economist columnist are always so fond of Singapore. Well, why not bring up Singapore as an example here? Look at Singapore's debt to gdp and the reasons for it: exactly, to create a debt market. I'm not defending this. after all, sovereign debt in singapore is issued not to finance social spending

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

Quote from an AM at Pimco. Market actors don't care about too much debt, but, if anything, about too little. Sure, also about ability to service it - but not about some specific debt to gdp ratio.

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

The answer is already given in that piece by the people that were interviewed: "Nor is EU debt permanent; it is supposed to be repaid and not rolled over. That is one reason why it is omitted from sovereign-bond indices [...] “You also need compensation for the lower liquidity" ".

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

Last but not least: the entire premise of this short piece falls apart already with the title: safe assets and low debt don't go together.

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

Primary surplus: which country has been running for most years a primary surplus over the last decades? Italy.

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

In the run up to the Eurozone crisis, Spain had lower debt to gdp than Germany. This is just a poor attempt to retrofit the old morality tales about frugals vs profligates. Also: why focus on the numerator (debt) instead of denominator (GDP)? Ireland has overinflated GDP...

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Marat Markert @maratmarkert.bsky.social · 30/07/2026

When the objective was to create a common repo market in government bonds, treating all sovereign debt the same (haircut), was not a leap of faith. That was *creating* a sovereign debt market.

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Marat Markert @maratmarkert.bsky.social · 23/07/2026

Gesundheitsministerin die Krankschreiben stigmatisiert wird ausgetauscht durch jemanden der die AfD normalisiert. Ideologisch passt das alles prima zusammen...

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

would undermine the supposed "stability" and credibility in stablecoins (i.e. being able to redeem them on demand).

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

Likewise, unless SC issuers buy directly gov bonds from central banks or treasuries, settlement balances (reserves) will not decrease in the system. And even if they would do so, why would they seek to decrease liquidity in the system this way? After all, decreasing liquidity in the system

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

Granted, a concentration of deposits could affect bank funding (e.g. SC issuers don't hold retailers deposits and buy gov bonds from pension funds), but in which way remains a question: will shift to wholesale funding for banks make it easier to run profitable business or not?

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

What happens is that deposits will be more concentrated, alright. But that's an interpretation/frame a crypto friendly news website wouldnt want to entertain I suppose (I leave out the possibilities that commercial banks could themselves start issuing stablecoins)

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

...that are necessarily on a bank account. They might use these funds to buy government bonds or other highly liquid assets. So I don't see how demand for SC decreases demand for deposits in aggregate for the banking system as a whole.

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Marat Markert @maratmarkert.bsky.social · 22/07/2026

This is nonsense: deposits are liabilities of banks, and when customers shift to stablecoins the deposits are just transferred to other banks (where stablecoin issuers are clients). After all, if stablecoin issuers are in the monetary union area they issue stablecoins in return for deposits..

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Marat Markert @maratmarkert.bsky.social · 21/07/2026

Tired: lettuce vs Politician Wired: lettuce vs US population

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Marat Markert @maratmarkert.bsky.social · 19/07/2026

Tired: I don't understand offside Wired: I don't understand how they see and decide in a split second that it's offside.

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Marat Markert @maratmarkert.bsky.social · 19/07/2026

"If you gave me the power" = chain-saw to "achilles heel of democracy".

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Marat Markert @maratmarkert.bsky.social · 19/07/2026

Rooting for Spain, but boy oh boy Martinez did an amazing job.

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Marat Markert @maratmarkert.bsky.social · 18/07/2026

"it pays to keep an open mind, but not so open your brains fall out"

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Marat Markert @maratmarkert.bsky.social · 08/07/2026

Batter: are you cool with trump threatening to invade Greenland? Non-stick Teflon pan: yes and I proposed to him "let's crank up the heat and do it together"

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Marat Markert @maratmarkert.bsky.social · 06/07/2026

What are the chances that Trump's call to Infantino was motivated by attempting to rig some sort of sports bet (or some bet on a stock of a major sports apparel brand)?

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Marat Markert @maratmarkert.bsky.social · 06/07/2026

Yes, Portugal-Spain seemed boring. But to supporters of either team this was a 90+ minute thriller. Not all matches can be as exciting as BiH-US, where the whole football community talks about the game days after it has finished...

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Marat Markert @maratmarkert.bsky.social · 27/06/2026

...the "Turkey deal", this was to underline the transactional and morally and legally questionable and thus unstable nature of the agreement. So EU organs like the COM or Council are very much aware of the connotations of that term.

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Marat Markert @maratmarkert.bsky.social · 27/06/2026

But given that EU institutions are very careful in the choice of their language, I would be surprised if they didn't put some thought into it. Alternatively, they called it deals because trump calls it this way. But even then: when the press rechristened the EU-Turkey Statement of Cooperation...

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Marat Markert @maratmarkert.bsky.social · 27/06/2026

I have no proof as to whether this language (calling everything they do with the US "deals") matters to the EU institutions - would be an interesting project to investigate.

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Marat Markert @maratmarkert.bsky.social · 27/06/2026

This will probably not cause shock and awe on the EU's side. Not b/c this TACO strategy is predictable and wearing thin; but because by accepting Trumps language (calling everything "deals" instead of treaties or agreements) the expectation that he will rescind is already baked in.

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Marat Markert @maratmarkert.bsky.social · 25/06/2026

Sign-offs like "Warm wishes" hit different these days

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