Dan McCrum
@mccrum.bsky.social
Do investigations for the FT, into dubious accounting and dodgy characters mainly. Wrote a book called Money Men about a spectacular fraud
Reposted by Dan McCrum
There are a range of issues with this thread.
1) absence of comparative statistics for other countries
2) equating 2010-2025 with shorter-term dynamics (productivity was extremely low 2010-2018, then accelerated)
3) attribution of the NIIP and impact on the balance of payments to foreign debt
1) absence of comparative statistics for other countries
2) equating 2010-2025 with shorter-term dynamics (productivity was extremely low 2010-2018, then accelerated)
3) attribution of the NIIP and impact on the balance of payments to foreign debt
We hear it all the time:
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
January 20, 2026 at 11:03 PM
There are a range of issues with this thread.
1) absence of comparative statistics for other countries
2) equating 2010-2025 with shorter-term dynamics (productivity was extremely low 2010-2018, then accelerated)
3) attribution of the NIIP and impact on the balance of payments to foreign debt
1) absence of comparative statistics for other countries
2) equating 2010-2025 with shorter-term dynamics (productivity was extremely low 2010-2018, then accelerated)
3) attribution of the NIIP and impact on the balance of payments to foreign debt
A thread on US exceptionalisn’t
Back to GDP:
There is no productivity miracle in the US.
The growth of productivity (= GDP per hour worked) has slowed down markedly.
From 1.9% in the period 1980-2010 to 1.1% in 2010-2025
If you think the rise of tech has made people more productive, think again
There is no productivity miracle in the US.
The growth of productivity (= GDP per hour worked) has slowed down markedly.
From 1.9% in the period 1980-2010 to 1.1% in 2010-2025
If you think the rise of tech has made people more productive, think again
January 20, 2026 at 10:57 PM
A thread on US exceptionalisn’t
Reposted by Dan McCrum
We hear it all the time:
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
January 20, 2026 at 8:59 PM
We hear it all the time:
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
“What happens this year will be critical for significantly dismantling the existence of and any future capacity for building the extrajudicial camp network the government is constructing today.”
Important lessons from concentration camps history: "We’re already deep inside the process. Yet there is power in that knowledge.... We have models for how other societies have moved out of our current perilous state. And we have a ton of tactics we can use to fight back" @andreapitzer.bsky.social
Into the abyss
The correct response to Dachau was not better training for the guards.
degenerateart.beehiiv.com
January 20, 2026 at 2:43 PM
“What happens this year will be critical for significantly dismantling the existence of and any future capacity for building the extrajudicial camp network the government is constructing today.”
Reposted by Dan McCrum
Another way of looking at this is that tripwire forces work and this one has Gone Horribly Right in smoking out US intentions and raising US costs. www.ft.com/content/80d6...
How the Greenland deployment of a few European troops enraged Donald Trump
Military exercise was ostensibly to show support for Arctic security, but US president saw it as a provocation
www.ft.com
January 20, 2026 at 1:44 PM
Another way of looking at this is that tripwire forces work and this one has Gone Horribly Right in smoking out US intentions and raising US costs. www.ft.com/content/80d6...
Reposted by Dan McCrum
The tsar's advisers whisper evil into his ear. All would be well, if only the tsar knew.
Tillis: "To be clear -- I'm not critical of the president. I'm critical of the bad advice he's getting on Greenland."
January 20, 2026 at 1:19 PM
The tsar's advisers whisper evil into his ear. All would be well, if only the tsar knew.
With very few exceptions lawyers (and all judges are lawyers) do everything they can to avoid the faintest trace of accountability for their profession.
The High Court has allowed Nadhim Zahawi's lawyer's appeal against the Solicitors Disciplinary Tribunal's finding of professional misconduct.
It’s very surprising, and concerning. Quick thread.
It’s very surprising, and concerning. Quick thread.
January 20, 2026 at 1:02 PM
With very few exceptions lawyers (and all judges are lawyers) do everything they can to avoid the faintest trace of accountability for their profession.
Fraud is very simply defined in UK law: it is to make a false representation for a personal gain.
Then the bigger picture problem: Zahawi said, through his lawyers, that he wasn't under investigation from HMRC and had fully paid his tax.
These were lies.
How can it be that someone can instruct a lawyer to lie, for personal advantage, and there are no consequences?
These were lies.
How can it be that someone can instruct a lawyer to lie, for personal advantage, and there are no consequences?
January 20, 2026 at 12:59 PM
Fraud is very simply defined in UK law: it is to make a false representation for a personal gain.
Reposted by Dan McCrum
"What would EU’s €93bn retaliatory tariffs against US cover?" (FT)
"American planes ... cars, bourbon and soyabeans are other big-ticket items ... iconic US products such as Harley-Davidson motorcycles, Levi jeans and Lucky Strike cigarettes"
#$RTX #$BF.B #$BATS
"American planes ... cars, bourbon and soyabeans are other big-ticket items ... iconic US products such as Harley-Davidson motorcycles, Levi jeans and Lucky Strike cigarettes"
#$RTX #$BF.B #$BATS
What would EU’s €93bn retaliatory tariffs against US cover?
Boeing aircraft, bourbon, motorcycles and soyabeans among targeted products if Donald Trump makes good on his threats
www.ft.com
January 19, 2026 at 2:41 PM
Reposted by Dan McCrum
I'm a red-blooded American MAN! I like my beer COLD, my wings HOT, and my Broadway musical which reimagines the six wives of Henry VIII as a modern girl group CAST BY CISGENDER WOMEN ONLY!
So apparently Dylan Mulvaney got cast in a Broadway musical... which resulted in transphobes losing their minds and threatening to "Bud Light" the show... and now the show's Twitter page is locked down. Cool cool.
January 19, 2026 at 8:53 PM
I'm a red-blooded American MAN! I like my beer COLD, my wings HOT, and my Broadway musical which reimagines the six wives of Henry VIII as a modern girl group CAST BY CISGENDER WOMEN ONLY!
Reposted by Dan McCrum
How will the EU hit back against Trump for his Greenland tariffs?
€93bn of tit-for-tat tariffs are not only already agreed by the bloc, they will come into force in 20 days unless member states explicitly stop them.
@andybounds.bsky.social explains how they will work
as.ft.com/r/5b61666a-b...
€93bn of tit-for-tat tariffs are not only already agreed by the bloc, they will come into force in 20 days unless member states explicitly stop them.
@andybounds.bsky.social explains how they will work
as.ft.com/r/5b61666a-b...
What would EU’s €93bn retaliatory tariffs against US cover?
[FREE TO READ] Boeing aircraft, bourbon, motorcycles and soyabeans among targeted products if Donald Trump makes good on his threats
as.ft.com
January 19, 2026 at 12:00 PM
How will the EU hit back against Trump for his Greenland tariffs?
€93bn of tit-for-tat tariffs are not only already agreed by the bloc, they will come into force in 20 days unless member states explicitly stop them.
@andybounds.bsky.social explains how they will work
as.ft.com/r/5b61666a-b...
€93bn of tit-for-tat tariffs are not only already agreed by the bloc, they will come into force in 20 days unless member states explicitly stop them.
@andybounds.bsky.social explains how they will work
as.ft.com/r/5b61666a-b...
Reposted by Dan McCrum
Could Europe really leverage its $12.6tn pile of US assets?
NIIPing an outlandish idea in the bud
www.ft.com
January 19, 2026 at 11:42 AM
Reposted by Dan McCrum
#$RCO picture looks worse based on Cost of Sales, because of each € sales needing less inventory volume
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
January 19, 2026 at 11:18 AM
#$RCO picture looks worse based on Cost of Sales, because of each € sales needing less inventory volume
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
Famously, 79-year old men get more sane with every passing month
January 19, 2026 at 11:18 AM
Famously, 79-year old men get more sane with every passing month
Reposted by Dan McCrum
So, if you ever wondered why people who understand surveillance are salty about video cameras on doorbells...
It's only a matter of time before they get co-opted into mass surveillance. And if the regime you live under changes that's you spying on your neighbours.
It's only a matter of time before they get co-opted into mass surveillance. And if the regime you live under changes that's you spying on your neighbours.
January 19, 2026 at 9:12 AM
So, if you ever wondered why people who understand surveillance are salty about video cameras on doorbells...
It's only a matter of time before they get co-opted into mass surveillance. And if the regime you live under changes that's you spying on your neighbours.
It's only a matter of time before they get co-opted into mass surveillance. And if the regime you live under changes that's you spying on your neighbours.
Kavanaugh raid
ICE ended up returning the man, Saly, after realizing he’s a fucking US citizen with no criminal record, per his sister-in-law. These fucking animals.
January 19, 2026 at 9:59 AM
Kavanaugh raid
Remy Cointreau has stockpiled enough hard booze for about six year’s worth of sales - €1.8bn of inventory
Drinks makers left with lake of unsold spirits as demand drops
Alcohol producers halt production and cut prices to shift bottles piling up in warehouses
www.ft.com
January 19, 2026 at 9:55 AM
Remy Cointreau has stockpiled enough hard booze for about six year’s worth of sales - €1.8bn of inventory
Reposted by Dan McCrum
Reposted by Dan McCrum
January 19, 2026 at 2:36 AM
Reposted by Dan McCrum
Are we honestly doing the World Cup over there? For real?
January 17, 2026 at 6:30 PM
Are we honestly doing the World Cup over there? For real?
Reposted by Dan McCrum
I would like to think the Mad King proclaiming “I will continue to illegally raise taxes on the American people until the NATO alliance collapses” would be the type of statement to cause Congress to act, but I’m not sure there’s any red line the GOP Congress has anymore.
Trump says he'll impose a 10% tariff (rising to 25% in June) on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland, because they've sent people to Greenland, until the US can buy Greenland.
January 17, 2026 at 5:31 PM
I would like to think the Mad King proclaiming “I will continue to illegally raise taxes on the American people until the NATO alliance collapses” would be the type of statement to cause Congress to act, but I’m not sure there’s any red line the GOP Congress has anymore.
Reposted by Dan McCrum
Reposted by Dan McCrum
If you don’t read @privateeyenews.bsky.social you might not realise how hollowed out UK newspapers are becoming. The Mirror, Express and the Star are all owned by Reach. They carry literally the same articles. Look at tomorrow’s back pages - the only things that differ are the headlines.
January 16, 2026 at 9:30 PM
If you don’t read @privateeyenews.bsky.social you might not realise how hollowed out UK newspapers are becoming. The Mirror, Express and the Star are all owned by Reach. They carry literally the same articles. Look at tomorrow’s back pages - the only things that differ are the headlines.
What is the end of SEO content? Which channel is SEO on? When was SEO born? How do I make SEO pudding?
Google traffic to publishers dropped by ONE THIRD in 2025 pressgazette.co.uk/media-audien...
Global publisher Google traffic dropped by a third in 2025
Google search traffic was down globally by a third in the year to November, according to new Chartbeat data.
pressgazette.co.uk
January 16, 2026 at 5:23 PM
What is the end of SEO content? Which channel is SEO on? When was SEO born? How do I make SEO pudding?
Reposted by Dan McCrum
Google traffic to publishers dropped by ONE THIRD in 2025 pressgazette.co.uk/media-audien...
Global publisher Google traffic dropped by a third in 2025
Google search traffic was down globally by a third in the year to November, according to new Chartbeat data.
pressgazette.co.uk
January 16, 2026 at 4:19 PM
Google traffic to publishers dropped by ONE THIRD in 2025 pressgazette.co.uk/media-audien...