Max Jerneck
@maxjerneck.bsky.social
1.7K followers 340 following 77 posts
Dilettante dabbler in the discourse
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maxjerneck.bsky.social
”Whether you want to ’take back control’ or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank”
on.ft.com/42sqnov
Britain needs a ‘whatever it takes’ moment
The Bank of England must acknowledge the priority of reviving investment-led growth and stop quantitative tightening
on.ft.com
maxjerneck.bsky.social
It could also mean higher growth. Reducing the share of consumption does not equate to reducing consumption.
Reposted by Max Jerneck
domw.bsky.social
The latest in a series of crazy charts.

A group of six US companies are expected to increase capital expenditures by 16% over the coming year. All other listed non-financial companies are expected to raise capex by less than 1%. Those six companies already account for a 25% of total capex outlays
Reposted by Max Jerneck
olaspannar.bsky.social
Påminnelse. År 2025 lever 700 000 människor i materiell och social fattigdom i Sverige. Det är en ökning med 120 000 på ett år. Bara sedan 2021 har andelen fattiga nästan fördubblats, från 3,5% till 6,6%. Ojämlikheten skenar

www.dagensarena.se/innehall/fat...
Fattigdomen fördubblad i Sverige på tre år | Dagens Arena
Andelen fattiga i Sverige har fördubblats sedan 2021 och är nu nära 7 procent av befolkningen. 700 000 personer klarar inte att betala nödvändiga utgifter.
www.dagensarena.se
Reposted by Max Jerneck
rajakorman.bsky.social
There’s a serious point here about currencies. There will be cases where the demand curve for foreign currencies will be upward sloping (i.e., demand for FX increases with price) and cases where it is downward sloping—demand for LC increases as it weakens. Spent a lot of time thinking about this.
Reposted by Max Jerneck
prchovanec.bsky.social
How exactly is this different from Kristallnacht?
kristinacooke.bsky.social
I spoke to a Venezuelan woman who was arrested in this raid and later released with her 4yo son. She said agents broke down their door, pointed guns at them and made sexualized remarks about Venezuelan women. When she returned to her apartment it was boarded up and all her possessions were gone.
tedhesson.bsky.social
US Border Patrol raid sweeps in citizens, families as Chicago crackdown intensifies, w/ @reneehickman.bsky.social @kristinacooke.bsky.social www.reuters.com/world/us/us-...
Reposted by Max Jerneck
jwmason.bsky.social
The other side is, of course - of course! - the companies making LLMs are not doing so with the goal of more easily sharing the material that people have made freely available on the web. They are doing so with the goal of enclosing it - converting the products of free human activity to commodities.
Reposted by Max Jerneck
jwmason.bsky.social
What makes LLMs work as a business is precisely that all this text is decommodified, free. As they themselves say, they'd have to shut down if they had to pay for their trainging data. Yet all that data is the product of human labor. This cutting edge of capitalism rests on a substrate of communism.
Reposted by Max Jerneck
jwmason.bsky.social
When we look at the useful stuff that LLMs give us, we should not think, how cool is this technology. We should think, what an amazing range of useful work people are willing to share online, freely, without any monetary compensation. Which the machine is just summarizing for us.
Reposted by Max Jerneck
sstapczynski.bsky.social
GAS TURBINE SHORTAGE 🚨⚡

Orders for turbines for natural gas power plants are vastly outpacing supply, threatening the world’s ability to keep pace with rising electricity demand

🧵 Thread on how we got here and what it means for power-hungry nations

www.bloomberg.com/features/202...
Reposted by Max Jerneck
adapalmer.bsky.social
Exceptional Doctorow piece on the solar rollout, why it's unstoppable, & why many old downsides of solar aren't factors anymore. The entire material mining needed 4 a global solar transition = only 17% of the fossil fuel mining we do every year! & then we're done! doctorow.medium.com/https-plural...
Decarbonization at a distance
A post-American century that runs on sunshine.
doctorow.medium.com
Reposted by Max Jerneck
ennagerin.bsky.social
Nytt avsnitt av AVGÅ ALLA!
Om den skyhöga arbetslösheten, försämringarna i A-kassan, krisen i socialtjänsten och regeringens biståndskorruption i Somalia.
Det går bra nu för Tidö! Med mig, @sixtenengqvist.bsky.social, @maxjerneck.bsky.social och vår gäst Erik Normark!

youtu.be/047F42tqG3E?...
AVGÅ ALLA – SD–sveket: A-kassan försämras när arbetslösheten skenar
YouTube video by Katalys
youtu.be
Reposted by Max Jerneck
70sbachchan.bsky.social
“Chinese overseas clean-tech manufacturing investment is nearly $100 billion per year. The Marshall Plan was $200b—and locked Europe into US tech and standards. When we see sums of this size, we can ask whether it will have a similar effect on the globe.”
www.phenomenalworld.org/interviews/t...
Reposted by Max Jerneck
blmqvst.bsky.social
Arbetsförmedlingens förvaltningsanslag (det som ger Arbetsförmedlingen resurser att anvisa arbetslösa till olika insatser) har minskat med en tredjedel sedan 2016. Anslaget för arbetsmarknadspolitiska program och insatser har halverats.
Reposted by Max Jerneck
mpaarlberg.bsky.social
I think the Trump admin assumed no one would try to find out who the people on the boats they blew up really were
Reposted by Max Jerneck
volts.wtf
ICE slowly & inevitably becoming a general purpose brownshirt mercenary squad doing MAGA dirty work.
laurarbelin.bsky.social
Breaking news from Des Moines: ICE has detained Dr. Ian Roberts, the superintendent of Iowa's largest school district.
The Des Moines Public Schools said "We have no confirmed information as to why Dr. Roberts is being detained or the next potential steps."
www.bleedingheartland.com/2025/09/26/i...
ICE detains Des Moines Superintendent Dr. Ian Roberts
Iowa's largest school district had "no confirmed information" on why ICE detained Dr. Ian Roberts, the superintendent since 2023.
www.bleedingheartland.com
Reposted by Max Jerneck
Reposted by Max Jerneck
ordvakt.bsky.social
Man FÅR ju inte ha råd att ersätta saker som går sönder, t.ex. datorkomponenter ... man får ju inte spara. Så man lever hela tiden på ruinens brant.
De där stropparna i podden skulle inte klara ett halvår i min situation. Jag hyser djupt förakt mot människor som raljerar mot solidaritet och välfärd.
Reposted by Max Jerneck
shadilly.bsky.social
De tror dessutom att människor kan stapla bidrag på försörjningsstöd, när sanningen är att varenda tia dras av.