Clem Fon
Professor of Political Economy at UcLouvain
Central banking & infrastructural finance geek. Also EU & French politics, political economy & social sciences at large.
Dr Miette bonus: #recordoftheweek & #tuneoftheweek
- Oui mais si on pouvait faire reproduire les nfts des insectes et les vendre via sa propre crpyto, disons l insecta, on en serait pas là. Il a manque la vision strategique de Dogami.
- Mediapart a obtenu des documents attestant de l’incroyable gabegie de ce projet bancal de production de larves d’insectes. Portée à bout de bras par Bpifrance, l’entreprise a englouti au moins 170 millions d’euros d’argent public avant d’être liquidée. www.mediapart.fr/journal/econ...
- This enraged me for so many years...when DEI guidelines exist in Europe for aca recruitements, they also never mention class/social background elements
- Reposted by Clem Fon📢now forthcoming in ECMA! The Class Gap in Career Progression: Evidence from US Academia Class is rarely a focus of research or DEI in elite US occupations. Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
- Reposted by Clem FonPourquoi #Trump s'en prend-il à la Réserve Fédérale ? Quels sont les enjeux de ces attaques du président étasunien contre la banque centrale et ses dirigeants ? Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches www.lemonde.fr/economie/art...
- Il y'a une étude à faire sur le changement rhétorique du personnel politique conservateur qui critiquait "populisme", "les extrêmes politiques" et nous sortait la théorie du fer à cheval il y'a un an et qui maintenant reconnait "enfin" la singularité de la menace de l'extrême droite.
- Interdit de territoire américain depuis le 23 décembre pour avoir régulé les géants du numérique, Thierry Breton incarne aujourd’hui la résistance européenne face à ce qu’il nomme la "vassalisation" du Vieux Continent. ➡️ l.franceculture.fr/MJr
- Le groenland, l'ingérence directe et se retrouver personnellement dans la cible de l'extreme droite américaine et sous sanctions financières ont malheureusement du aider. Mais on aurait aimé cette clarté politique plus tôt, cela aurait aidé à ne pas se retrouver dans la situation actuelle.
- World turns shit but brussels remains the best absurd city ever
- Reposted by Clem FonWell well well. The Danes are weaponising firesales.
- Reposted by Clem FonFinancial war in response to trade war and territorial threats? More and more people appear to be calling for it. So I updated my post on U.S. Treasuries holdings—now with the latest data. benjaminbraun.org/posts/treasu...
- If the EU didnt manage to seize Russian assets frozen within Euroclear accounts, can it overcome coordination (and other) problems to sell 12,6 trillions of dollars of US assets owned by a myriad of private financial operators? Answer is no. Never too late to start though www.ft.com/content/beea...
- Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...
- Reposted by Clem Fon
- Reposted by Clem FonI'm don't think we should get too excited about this. Eurodollar structure is dollar assets funded by dollar liabilities. If Europe moves to dump dollar assets it's left with ... large dollar liabilities. Not a great position to be in, particularly if access to dollar swap lines is questionable.
- Reposted by Clem FonDidn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.
- Lets never forget the immense treachery of "regular" conservatives who carved the path for the death of democracy and descent into fascist hellish nightmare. Lets never forgive them neither
- Reposted by Clem FonWithin the next decade the radical right is going to be the main force on the right in Europe (national and EU level). This includes far-right parties and formerly centre-right parties shifting their position. Moderate conservatism and Christian democracy will largely disappear on the right. 1/
- Reposted by Clem FonInfographie géniale de la DG Trésor : que finance l'épargne financière des ménages français ? J'aurais parié sur bien plus de dette publique, a priori. www.tresor.economie.gouv.fr/Articles/202...
- The post Global Financial crisis big narrative/fear was about the "rise of populism" while the main issue has always been about the rise of the hard/far/radical right. It's never too late to use the correct vocabulary.
- “We created the market [for solar] and made it interesting for investors,” says Eicke Weber, former co-chairman of the European Solar Manufacturing Council.“But we forgot to make industrial policies.” Add disgusting politics from conservatives/far right and here we are. www.ft.com/content/3749...
- let's not forget fossil fuel lobbying also. In any case, the narratives "we were asleep at the whell" are not enough, expalining factors are much more problematic.
- Reposted by Clem FonTooze disagrees that Resource imperialism is an explanation for Trumpists actions. Why not? 1 Assets are small. Oil is heavy & difficult to recover economically 2 Financial liabilities of VZ govt are large Concludes that trump likes "cosplaying" as imperialist adamtooze.substack.com/p/chartbook-...
- Reposted by Clem FonClosing out my year with a journal editor shocker 🧵 Checking new manuscripts today I reviewed a paper attributing 2 papers to me I did not write. A daft thing for an author to do of course. But intrigued I web searched up one of the titles and that's when it got real weird...
- Reposted by Clem Fon
- Chatbots and metaverse going in the same (black hole) direction
- Keep on fighting big tech algos
- I wanted dinner recommendations so I scraped 13,000+ London restaurants and accidentally discovered Google Maps is running a shadow economy. Anyway here's a dashboard and a political economy thesis: open.substack.com/pub/laurenle...
- Reposted by Clem FonWe recently published a study on the transformation of the Eurozone architecture (🔗 papers.ssrn.com/sol3/papers...., with Alex Goghie, Matteo Giordano & @rikereimer.bsky.social) and launched an accompanying interactive online tool (🔗 monetary-architecture.com). This is how it came to be 👇
- My only use of Chat GPT is to provide same readings than my students' assignements to check whether they used it. In its newer version, without me asking for it, chapgpt automatically proposes potential student's users to blatantly lie & cheat. Just ban this shit from our universities.
- Reposted by Clem FonFor the Guardian, @bjoernbremer.bsky.social, @siljahausermann.bsky.social and I write about how building new homes is not enough to tackle the housing crisis. Housing is a redistributive issue and progressive policy solutions need to acknowledge that. www.theguardian.com/commentisfre...
- Reposted by Clem FonJe propose qu’on impose que toute session sur un LLM soit précédées d’une video de 5 minutes avec VOUS N’IRIEZ PAS À LA SALLE AVEC UN CHARIOT ÉLÉVATEUR VOUS NE BRÛLERIEZ PAS UNE FORÊT POUR FAIRE UNE BLAGUE VOUS NE VOLERIEZ PAS UNE VOITURE POUR FAIRE UN TRAJET À PIEDS
- Reposted by Clem FonNVIDIA earnings were a mirage. The market figured it out surprisingly fast. NVIDIA bump evaporated. I don’t know how this information can enter the system without exploding the bubble. But sometimes bezzles visible for months before crash. Waiting for the feds? open.substack.com/pub/shanakaa...
- Reposted by Clem Fon
- Reposted by Clem FonTuilp bulb producer shrugs off "tulip bubble" anxiety with bumper flower bulb demand
- Reposted by Clem FonSummers conferred with Epstein frequently about how to extract sexual favors from a Harvard econ grad (AB '04, PhD '09) The grad is from China Epstein and Summers referred to her by the codename "Peril" Racism and sexual exploitation in one efficient package bit.ly/3LHpin8
- Reposted by Clem FonLike it or not this technology is here to stay and if you don’t use it you’ll fall behind in your industry
- Reposted by Clem FonWhy don't we have an EU wide carbon tax? Well, some people worked as hard as they could to stop it. Important new research by Fabienne Jouty and Christophe Bonneuil!
- Reposted by Clem Fon1/ Egalitarianism should begin at home. I link to this article by @bencasselman.bsky.social in light of the communications between Larry Summers and Jeffrey Epstein that have just been released. The released emails and the fact of friendship are vile. www.nytimes.com/2021/02/23/b...
- Post 2010 Germany "economic success" would have been very different witout €financial capital flowing back to Frankfurt during the crisis and China industrial demand. Take these two elements away and German growth model look more like Deutschbahn reliability than ordo liberal Mittelstand fantaisies
- Oh, I just saw a cognitive dissonance
- Reposted by Clem FonPour ceux qui ne l'auraient pas encore vu, cet hommage IA de l'ancienne ministre des Anciens combattants, avec deux Bretagne, plus de Marseille, Madrid française. Et un magnifique casque type Stahlhelm 1935 pour honorer la mémoire des poilus...
- EPP's leader Weber going full orwell 1984 double speak. How dares he talk about strenghtening environment and parlementary democracy while his main strategy today is allying with far right parties to dismantle sustainability norms? I would laugh if i would not be furious
- What stage of the Ponzi scheme is it when Robinhood wants to allow "amateur traders" to invest in AI startups? www.ft.com/content/7278...
- Relying on LLMs to get your diploma and is similar to forging PhD research for boosting your political career in Germany You think it creates shortcuts and notability for getting the top job. But as you are only interested in the CV line, you don't learn anything. And one day, you are exposed.
- Au fait, pour visibiliser davantage l'inculpation de Didier Reynders, ancien ministre MR des finances belges pris en plein délit de blanchiment d'argent au café tabac du coin alors qu'il était occupé au bailout des banques, on pourrait savoir s'il arrive à se cuisiner lui même des oeufs en prison?
- If Deutsche Bank acts like during the 2007 Global financial crisis, they will sell AI related financial products to their clients while shorting AI with proprietary trading www.ft.com/content/c042...
- Its a paradox if there was a bit of strategic vision. It ceases to be one if we consider that the current anti ecological backlash is driven by revenge, some kind of priviledged conservative nihilism,an inability to see beyond a 2y horizon when it comes to profitability margin.
- "That's the paradox of the EU’s grand exercise in simplification & Green Deal backtracking. Driven by fear of de-industrialisation, it may instead turn Europe into China’s largest customer for [future tech]. Without legal certainty, the engine of investment stalls," via @davidcarretta.bsky.social
- In other words, sheer stupidity and the protection of a small set of priveledges for a small set of individuals should never be underestimed as drivers of conservative politics.
- Reposted by Clem FonMy more elaborate take on why the Dutch election outcome does not represent a defeat of the far right
