Franz Nowak
@franzno.bsky.social
#readyourkindleberger
franznowak.com
franznowak.com
The new age of geoeconomics - on.ft.com/4ls9CRL via @FT
The new age of geoeconomics
Donald Trump’s tariff threats are just part of a much wider shift. Gillian Tett explains why commerce is being subordinated to statecraft — and how we can adapt
on.ft.com
July 12, 2025 at 7:05 AM
The new age of geoeconomics - on.ft.com/4ls9CRL via @FT
This is Europe’s ‘global euro’ moment - on.ft.com/3TryxZ7 via @FT
This is Europe’s ‘global euro’ moment
But greater international prominence will not happen by default — it must be earned
on.ft.com
June 17, 2025 at 4:37 AM
This is Europe’s ‘global euro’ moment - on.ft.com/3TryxZ7 via @FT
"How to slash government debt-to-GDP" - on.ft.com/4jFIM6N via @FT
How to slash government debt-to-GDP
A cunning plan we don’t recommend
on.ft.com
June 12, 2025 at 6:27 AM
"How to slash government debt-to-GDP" - on.ft.com/4jFIM6N via @FT
www.bondcap.com
May 31, 2025 at 8:50 PM
Can Europe finally fix its capital markets? - on.ft.com/3GRnkhs via @FT - great article!
Can Europe finally fix its capital markets?
Stung by its lack of competitiveness, the EU is making a new push to create a deep financial market. Some investors believe this time could be different
on.ft.com
May 13, 2025 at 1:46 PM
Can Europe finally fix its capital markets? - on.ft.com/3GRnkhs via @FT - great article!
Reposted by Franz Nowak
TRUMP, ASKED IF RUSSIA IS PLAYING HIM, SAYS NO ONE IS PLAYING ME
April 18, 2025 at 5:22 PM
TRUMP, ASKED IF RUSSIA IS PLAYING HIM, SAYS NO ONE IS PLAYING ME
Reposted by Franz Nowak
This was the predictable response and follows a long pattern of similar export restrictions/license requirements in response to previous trade actions. Nonetheless, we are not prepared for this.
www.nytimes.com/2025/04/13/b...
www.nytimes.com/2025/04/13/b...
China Halts Critical Rare Earth Exports as Trade War Intensifies
Beijing has suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.
www.nytimes.com
April 13, 2025 at 6:23 PM
This was the predictable response and follows a long pattern of similar export restrictions/license requirements in response to previous trade actions. Nonetheless, we are not prepared for this.
www.nytimes.com/2025/04/13/b...
www.nytimes.com/2025/04/13/b...
Reposted by Franz Nowak
So much winning — in 15 charts
[FREE TO READ] The fallout from ‘Liquidation Day’
on.ft.com
April 7, 2025 at 9:21 AM
Reposted by Franz Nowak
The warning of this wonky old chart today isn’t about trade but about America’s role in the world.
Via @opinion.bloomberg.com
Does Kindleberger’s Spiral Predict Economic Depressions?
www.bloomberg.com/opinion/arti...
Via @opinion.bloomberg.com
Does Kindleberger’s Spiral Predict Economic Depressions?
www.bloomberg.com/opinion/arti...
April 7, 2025 at 6:19 AM
The warning of this wonky old chart today isn’t about trade but about America’s role in the world.
Via @opinion.bloomberg.com
Does Kindleberger’s Spiral Predict Economic Depressions?
www.bloomberg.com/opinion/arti...
Via @opinion.bloomberg.com
Does Kindleberger’s Spiral Predict Economic Depressions?
www.bloomberg.com/opinion/arti...
Reposted by Franz Nowak
New @budgetlab.bsky.social report about today's tariff announcement:
• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
1/7
• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
1/7
April 3, 2025 at 2:43 AM
New @budgetlab.bsky.social report about today's tariff announcement:
• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
1/7
• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
1/7
Reposted by Franz Nowak
Most Trump tariff rates seem to be trade deficit with a particular country / US imports from that country, then divided by two. The USTR explanation to justify that result reminds me of school when you use a calculator but then have to “show your workings” ustr.gov/issue-areas/...
April 3, 2025 at 5:21 AM
Most Trump tariff rates seem to be trade deficit with a particular country / US imports from that country, then divided by two. The USTR explanation to justify that result reminds me of school when you use a calculator but then have to “show your workings” ustr.gov/issue-areas/...
The realpolitik of Trump’s tariffs - giftarticle.ft.com/giftarticle/... via @FT
The realpolitik of Trump’s tariffs
The president’s trade policy is about power and security, not economics
giftarticle.ft.com
March 31, 2025 at 8:21 AM
The realpolitik of Trump’s tariffs - giftarticle.ft.com/giftarticle/... via @FT
Reposted by Franz Nowak
Is Karthik’s guide to “how screwed are you” which now gets rightfully an official home in FT Alphaville.
The ideological opposers to any form of deficit-spending failed to understand that Germany is finding its way to happy places.
The ideological opposers to any form of deficit-spending failed to understand that Germany is finding its way to happy places.
March 26, 2025 at 8:19 PM
Is Karthik’s guide to “how screwed are you” which now gets rightfully an official home in FT Alphaville.
The ideological opposers to any form of deficit-spending failed to understand that Germany is finding its way to happy places.
The ideological opposers to any form of deficit-spending failed to understand that Germany is finding its way to happy places.
Can the dollar remain king of currencies? - on.ft.com/4bNWjqJ via @FT
Can the dollar remain king of currencies?
The greenback’s global dominance was forged on trade, alliances and institutions — now that era is at risk of drawing to a close
on.ft.com
March 22, 2025 at 8:40 AM
Can the dollar remain king of currencies? - on.ft.com/4bNWjqJ via @FT