Jan Fichtner
@janfichtner.bsky.social
Senior Research Fellow SuFi Project @UniWH & @UvACorpnet | Global finance, age of passive investing, index providers, ESG, sustainable finance, greenwashing, decarbonization | www.jfichtner.net
Pinned
🚨New publication with Kristijan Kotarski:
Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn
Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality
hrcak.srce.hr/clanak/487488
Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn
Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality
hrcak.srce.hr/clanak/487488
Reposted by Jan Fichtner
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
New data shows insurance costs rising and home values sinking as climate risks grow
Insurance markets are flashing warnings — even as some major climate risks remain unmeasured and unaccounted for
susanpcrawford.substack.com
November 26, 2025 at 3:09 PM
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
Reposted by Jan Fichtner
TIL that, as of end-Q325:
1. Tether is 3.9% over-collateralised;
2. BTC mades up 5.6% of Tether's asset base;
3. A further 19% of reserves are in higher risk assets.
Since end-Q3 BTC has fallen 24%.
on.ft.com/48dppjj
1. Tether is 3.9% over-collateralised;
2. BTC mades up 5.6% of Tether's asset base;
3. A further 19% of reserves are in higher risk assets.
Since end-Q3 BTC has fallen 24%.
on.ft.com/48dppjj
Tether gets junked by S&P
Collateral damaged
on.ft.com
November 26, 2025 at 3:53 PM
TIL that, as of end-Q325:
1. Tether is 3.9% over-collateralised;
2. BTC mades up 5.6% of Tether's asset base;
3. A further 19% of reserves are in higher risk assets.
Since end-Q3 BTC has fallen 24%.
on.ft.com/48dppjj
1. Tether is 3.9% over-collateralised;
2. BTC mades up 5.6% of Tether's asset base;
3. A further 19% of reserves are in higher risk assets.
Since end-Q3 BTC has fallen 24%.
on.ft.com/48dppjj
Reposted by Jan Fichtner
China having 4x Germany's GDP is in some ways just a reversion to the mean. In the 1820s, on the eve of industrialization, India and China had about 40% of world GDP. That's because that was their share of the world population. It's the 19th & 20th century that is the remarkable outlier.
November 25, 2025 at 6:09 AM
China having 4x Germany's GDP is in some ways just a reversion to the mean. In the 1820s, on the eve of industrialization, India and China had about 40% of world GDP. That's because that was their share of the world population. It's the 19th & 20th century that is the remarkable outlier.
Reposted by Jan Fichtner
X's location "transparency" feature showing many MAGA accounts are based internationally reveals what we already knew: The world is using American social media and American politics as a slot machine and social media companies are directly incentivizing this:
www.404media.co/americas-pol...
www.404media.co/americas-pol...
America’s Polarization Has Become the World's Side Hustle
The 'psyops' revealed by X are entirely the fault of the perverse incentives created by social media monetization programs.
www.404media.co
November 24, 2025 at 6:34 PM
X's location "transparency" feature showing many MAGA accounts are based internationally reveals what we already knew: The world is using American social media and American politics as a slot machine and social media companies are directly incentivizing this:
www.404media.co/americas-pol...
www.404media.co/americas-pol...
Reposted by Jan Fichtner
Meta’s 2020 research project, Project Mercury, “gauge[d] the effect of ‘deactivating’ Facebook & Instagram, according to Meta docs obtained via discovery…’ppl who stopped using Facebook for a week reported lower feelings of depression, anxiety, loneliness & social comparison,’ internal docs said.”🧪
November 23, 2025 at 5:10 PM
Meta’s 2020 research project, Project Mercury, “gauge[d] the effect of ‘deactivating’ Facebook & Instagram, according to Meta docs obtained via discovery…’ppl who stopped using Facebook for a week reported lower feelings of depression, anxiety, loneliness & social comparison,’ internal docs said.”🧪
Reposted by Jan Fichtner
Brace for a spreading crisis, you old Europe.
"It seems like a marvel of financial engineering: Meta is building a $27 billion data center in Louisiana, financed with debt, and neither the data center nor the debt will be on its own balance sheet."
AI Meets Aggressive Accounting at Meta’s Gigantic New Data Center
Favorable treatment off the balance sheet hinges on some convenient assumptions.
www.wsj.com
November 24, 2025 at 12:26 PM
Brace for a spreading crisis, you old Europe.
Reposted by Jan Fichtner
🚨 JUST PUBLISHED: CARBON BRIEF’S #COP30 SUMMARY 🚨
It's an EPIC 20,000 words of top-notch, plain-english reporting…
–Global mutirão
–Adaptation finance
–Fossil-fuel roadmap
–China
+Much more
Very proud of team CB for getting this out so fast
www.carbonbrief.org/...
It's an EPIC 20,000 words of top-notch, plain-english reporting…
–Global mutirão
–Adaptation finance
–Fossil-fuel roadmap
–China
+Much more
Very proud of team CB for getting this out so fast
www.carbonbrief.org/...
November 23, 2025 at 4:12 PM
🚨 JUST PUBLISHED: CARBON BRIEF’S #COP30 SUMMARY 🚨
It's an EPIC 20,000 words of top-notch, plain-english reporting…
–Global mutirão
–Adaptation finance
–Fossil-fuel roadmap
–China
+Much more
Very proud of team CB for getting this out so fast
www.carbonbrief.org/...
It's an EPIC 20,000 words of top-notch, plain-english reporting…
–Global mutirão
–Adaptation finance
–Fossil-fuel roadmap
–China
+Much more
Very proud of team CB for getting this out so fast
www.carbonbrief.org/...
Reposted by Jan Fichtner
Revelations about RW social media accounts being run from Russia correspond perfectly to data already revealed by the Panama, Paradise & Pandora Papers: Russian money streamed thru offshore accounts funds virtually all right-wing "populist" parties in EU & NAmerica. Same goal: undermine democracy.
This is one of the big accounts boosting Tommy Robinson, Farage and Reform and ‘English Patriots’.
It’s Russian.
It’s Russian.
November 24, 2025 at 11:26 AM
Revelations about RW social media accounts being run from Russia correspond perfectly to data already revealed by the Panama, Paradise & Pandora Papers: Russian money streamed thru offshore accounts funds virtually all right-wing "populist" parties in EU & NAmerica. Same goal: undermine democracy.
Reposted by Jan Fichtner
absolutely excellent story about the *real* big energy of the decade/millennium unfolding before us
www.abc.net.au/news/2025-11...
www.abc.net.au/news/2025-11...
Accessible, cheap clean energy could spark a new world order
Unshackled from legacy fossil fuel interests, the world’s clean energy future is being forged in the bustling cities of the global south.
www.abc.net.au
November 23, 2025 at 11:00 PM
absolutely excellent story about the *real* big energy of the decade/millennium unfolding before us
www.abc.net.au/news/2025-11...
www.abc.net.au/news/2025-11...
Reposted by Jan Fichtner
With a mixed-results at COP30 - i.e. good intentions but no concrete plans for the “transition away from fossil fuels” - don’t give up.
Let’s remember the progress made since the Paris Agreement and the options ahead of us. That’s the message of the image below
Let’s remember the progress made since the Paris Agreement and the options ahead of us. That’s the message of the image below
November 23, 2025 at 5:58 PM
With a mixed-results at COP30 - i.e. good intentions but no concrete plans for the “transition away from fossil fuels” - don’t give up.
Let’s remember the progress made since the Paris Agreement and the options ahead of us. That’s the message of the image below
Let’s remember the progress made since the Paris Agreement and the options ahead of us. That’s the message of the image below
This.
If I’m understanding this correctly, X is owned by a white nationalist who pays poor people of color in developing countries to pretend to be working class white Americans to scare other white Americans into being afraid poor people of color from developing countries are going to ruin America?
November 23, 2025 at 10:02 PM
This.
Reposted by Jan Fichtner
The thing about DOGE is it accomplished neither its ostensible nor actual goals but did manage to cause a couple of holocausts worth of deaths internationally.
And the media finds none of those three things particularly notable.
And the media finds none of those three things particularly notable.
It remains insane to me that DOGE was treated at the time as an impressive shock and awe accomplishment - “you can’t deny he’s getting stuff done!” - and then instantly memory holed by the press once if became clear it was a total failure by every possible standard including Musk’s own
Difficult to overstate how profound a failure DOGE was. Spending in FY2025 was not only than in FY2024 – but higher than it was projected to be when Trump first took office.*
The little bit of spending DOGE cut has already killed hundreds of thousands and will eventually lead to millions of deaths.
The little bit of spending DOGE cut has already killed hundreds of thousands and will eventually lead to millions of deaths.
November 23, 2025 at 4:09 PM
The thing about DOGE is it accomplished neither its ostensible nor actual goals but did manage to cause a couple of holocausts worth of deaths internationally.
And the media finds none of those three things particularly notable.
And the media finds none of those three things particularly notable.
Reposted by Jan Fichtner
When a government speaks responsibly about climate risks. Iceland's climate minister Jóhannsson:
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
After COP30 Fire and Floods: AMOC Shutdown
YouTube video by International Cryosphere Climate Initiative
youtu.be
November 23, 2025 at 6:43 PM
When a government speaks responsibly about climate risks. Iceland's climate minister Jóhannsson:
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
"We believe that confronting climate tipping points and the risks they pose openly is not a sign of 'pessimism' or 'alarmism' but a sign of realism and responsibility."
youtu.be/B-0eQnEEsYA?...
Reposted by Jan Fichtner
Torsten Sløk zeigt schönen Chart www.apolloacademy.com/germany-now-...: Deutschland hat seit 2025 ein Handelsdefizit mit China bei Investitionsgütern...
Der "zweite Chinaschock" von 2023/24 ist global zu spüren, vielleicht nicht das wichtigste Problem Deutschlands, wie der Gesamtsaldo zeigt...
Der "zweite Chinaschock" von 2023/24 ist global zu spüren, vielleicht nicht das wichtigste Problem Deutschlands, wie der Gesamtsaldo zeigt...
November 23, 2025 at 11:39 AM
Torsten Sløk zeigt schönen Chart www.apolloacademy.com/germany-now-...: Deutschland hat seit 2025 ein Handelsdefizit mit China bei Investitionsgütern...
Der "zweite Chinaschock" von 2023/24 ist global zu spüren, vielleicht nicht das wichtigste Problem Deutschlands, wie der Gesamtsaldo zeigt...
Der "zweite Chinaschock" von 2023/24 ist global zu spüren, vielleicht nicht das wichtigste Problem Deutschlands, wie der Gesamtsaldo zeigt...
Reposted by Jan Fichtner
Sign at the US Military Academy at West Point:
November 23, 2025 at 6:41 AM
Sign at the US Military Academy at West Point:
Reposted by Jan Fichtner
Before Germany’s last elections, hundreds of combustion-engine cars had been vandalised, combined with pro-Green flyers left on site. State investigators now assume a Russian influence operation:
#fossilwarfare
www.n-tv.de/politik/Ermi...
#fossilwarfare
www.n-tv.de/politik/Ermi...
Ermittler vermuten Russland hinter Bauschaum-Attacken auf Autos
Hunderte Autos wurden vor einem Jahr in mehreren Bundesländern mit Bauschaum beschädigt. Die Ermittler gehen derzeit davon aus, dass damit die Grünen vor der Wahl diskreditiert werden sollten.
www.n-tv.de
November 23, 2025 at 2:27 PM
Before Germany’s last elections, hundreds of combustion-engine cars had been vandalised, combined with pro-Green flyers left on site. State investigators now assume a Russian influence operation:
#fossilwarfare
www.n-tv.de/politik/Ermi...
#fossilwarfare
www.n-tv.de/politik/Ermi...
Reposted by Jan Fichtner
Twitter pays people based on engagement (views, retweets, comments, etc). It appears that many MAGA accounts are based abroad and they use AI technology to generate low-effort rage bait.
My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.
My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.
November 23, 2025 at 9:23 AM
Twitter pays people based on engagement (views, retweets, comments, etc). It appears that many MAGA accounts are based abroad and they use AI technology to generate low-effort rage bait.
My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.
My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.
Reposted by Jan Fichtner
Quite the quote on #COP30, by Professor Michael Jacobs of the think tank ODI Global and the University of Sheffield. Source: ‚Backchannel‘
November 22, 2025 at 11:51 PM
Quite the quote on #COP30, by Professor Michael Jacobs of the think tank ODI Global and the University of Sheffield. Source: ‚Backchannel‘
Reposted by Jan Fichtner
Ein wachsender Teil der USA ist voll im Widerstandsmodus. Finde das ziemlich beeindruckend!
Wow NYC, we see you @handsoffnyc.bsky.social!!
This training is at FULL capacity, they had to turn people away…
This training is at FULL capacity, they had to turn people away…
November 22, 2025 at 8:23 PM
Ein wachsender Teil der USA ist voll im Widerstandsmodus. Finde das ziemlich beeindruckend!
This! 👇
This is not a peace plan. It is a proposal that weakens Ukraine and divides America from Europe, preparing the way for a larger war in the future. In the meantime, it benefits unnamed Russian and American investors, at the expense of everyone else.
www.theatlantic.com/ideas/2025/1...
www.theatlantic.com/ideas/2025/1...
Trump Has a Recipe for War and Corruption, Not Peace
Who would benefit from the White House’s 28-point proposal for Ukraine?
www.theatlantic.com
November 22, 2025 at 8:14 PM
This! 👇
Reposted by Jan Fichtner
Final document for #COP30 just dropped and here are some hot takes
1/ No decisive language about FF phaseouts. This is a HUGE loss. The consolation prize is a political process toward phaseouts outside the official decisionmaking of the #ParisAgreement
1/ No decisive language about FF phaseouts. This is a HUGE loss. The consolation prize is a political process toward phaseouts outside the official decisionmaking of the #ParisAgreement
unfccc.int
November 22, 2025 at 3:04 PM
Final document for #COP30 just dropped and here are some hot takes
1/ No decisive language about FF phaseouts. This is a HUGE loss. The consolation prize is a political process toward phaseouts outside the official decisionmaking of the #ParisAgreement
1/ No decisive language about FF phaseouts. This is a HUGE loss. The consolation prize is a political process toward phaseouts outside the official decisionmaking of the #ParisAgreement
Reposted by Jan Fichtner
Es gibt im Deutschen Wörter für Politiker einer rechtsextremen Partei, die den Holocaust relativieren und sich von Anhängern mit „Siegheil“-Anspielungen feiern lassen. Journalismus und Öffentlichkeit müssten nur den Mut haben, Dinge klar zu benennen. Würde schon helfen.
November 22, 2025 at 10:07 AM
Es gibt im Deutschen Wörter für Politiker einer rechtsextremen Partei, die den Holocaust relativieren und sich von Anhängern mit „Siegheil“-Anspielungen feiern lassen. Journalismus und Öffentlichkeit müssten nur den Mut haben, Dinge klar zu benennen. Würde schon helfen.
Reposted by Jan Fichtner
Ex-leader of Reform UK in Wales sentenced to 10.5 years in prison for taking bribes for pro-Russia interviews and speeches.
Who else was involved,?
Party can now add treason to racism, misogyny, islamaphobia, economic illiteracy as its electoral credentials.
Who else was involved,?
Party can now add treason to racism, misogyny, islamaphobia, economic illiteracy as its electoral credentials.
Former Reform in Wales leader Nathan Gill jailed for pro-Russian bribery
Nathan Gill, 52, is sentenced to 10 and a half years in prison after admitting taking bribes while an MEP.
www.bbc.co.uk
November 22, 2025 at 7:28 AM
Ex-leader of Reform UK in Wales sentenced to 10.5 years in prison for taking bribes for pro-Russia interviews and speeches.
Who else was involved,?
Party can now add treason to racism, misogyny, islamaphobia, economic illiteracy as its electoral credentials.
Who else was involved,?
Party can now add treason to racism, misogyny, islamaphobia, economic illiteracy as its electoral credentials.
Reposted by Jan Fichtner
After already having sat through two rounds of Trump's attempts to solve the Ukraine-Russia war I find it quite remarkable that so many analysts, journalists and scholars still get sucked into taking the car crash diplomacy seriously of a chaotically inept US government.
November 21, 2025 at 3:08 PM
After already having sat through two rounds of Trump's attempts to solve the Ukraine-Russia war I find it quite remarkable that so many analysts, journalists and scholars still get sucked into taking the car crash diplomacy seriously of a chaotically inept US government.
Reposted by Jan Fichtner
Good morning with good news: Australia generated with renewables for first time more than 50% of its electricity for a month in October 2025!
October RE Share
2025: 50.13%
2024: 47.2%
2023: 45.2%
2020: 24.8%
2015: 14.0%
Wind & solar rose to 44% in October 2025 from 8% in October 2015! #energysky
October RE Share
2025: 50.13%
2024: 47.2%
2023: 45.2%
2020: 24.8%
2015: 14.0%
Wind & solar rose to 44% in October 2025 from 8% in October 2015! #energysky
November 21, 2025 at 12:40 PM
Good morning with good news: Australia generated with renewables for first time more than 50% of its electricity for a month in October 2025!
October RE Share
2025: 50.13%
2024: 47.2%
2023: 45.2%
2020: 24.8%
2015: 14.0%
Wind & solar rose to 44% in October 2025 from 8% in October 2015! #energysky
October RE Share
2025: 50.13%
2024: 47.2%
2023: 45.2%
2020: 24.8%
2015: 14.0%
Wind & solar rose to 44% in October 2025 from 8% in October 2015! #energysky