Martin Sandbu

I should have linked to this very good piece. On the how much CBR has in CH - good question. It reported only negligible amounts in CHF. So if it held much with Credit Suisse, then largely in other major currencies - so most likely in CS subsidiaries in other countries than CH?

Very interesting thread about how central banks’ models are a bit bonkers (technical term)

Excellent thread, every word.

Very good thread indeed. tl;dr properly calculated, excess mortality, including among younger cohorts, are largely down to health system being overstretched by Covid waves. This is what so-called living with Covid means

Very interesting thread. But why is this the normative conclusion, rather than "Governments should learn to let relative price shocks in systemic sectors disperse through the economy and not try to offset them (while staying vigilant against traditional generalised inflation)"?

Important thread. The EU is not using its extremely powerful tools to secure its neighbourhoods' peace and prosperity.

Excellent thread

Good thread.