Spyros Andreopoulos
@thinicemacro.bsky.social
Macroeconomist, politics junkie, wine lover. Ex ECB, BNP, Morgan Stanley. I blog on macro, central banks, climate on thinicemacroeconomics.substack.com.
Frankfurt, We Have a (China) Problem
#Decoupling between import #volumes – soaring – and values in #EUR – moving sideways: increased #China #price #competitiveness, no doubt helped by the #depreciation of the #yuan against the EUR. This is not lost on the #ECB. Expect lower rates in Q4.
#Decoupling between import #volumes – soaring – and values in #EUR – moving sideways: increased #China #price #competitiveness, no doubt helped by the #depreciation of the #yuan against the EUR. This is not lost on the #ECB. Expect lower rates in Q4.
September 1, 2025 at 11:12 AM
Frankfurt, We Have a (China) Problem
#Decoupling between import #volumes – soaring – and values in #EUR – moving sideways: increased #China #price #competitiveness, no doubt helped by the #depreciation of the #yuan against the EUR. This is not lost on the #ECB. Expect lower rates in Q4.
#Decoupling between import #volumes – soaring – and values in #EUR – moving sideways: increased #China #price #competitiveness, no doubt helped by the #depreciation of the #yuan against the EUR. This is not lost on the #ECB. Expect lower rates in Q4.
My Thin Ice Macroeconomics #blog on #Substack has been growing nicely.
But having a #Nobel #economist subscribe feels like a special recognition 😊 (🙏 @pkrugman.bsky.social)
If you haven’t yet, make sure you subscribe, it’s free: open.substack.com/pub/thinicem...
#thinicemacro #thinicemacroeconomics
But having a #Nobel #economist subscribe feels like a special recognition 😊 (🙏 @pkrugman.bsky.social)
If you haven’t yet, make sure you subscribe, it’s free: open.substack.com/pub/thinicem...
#thinicemacro #thinicemacroeconomics
July 10, 2025 at 8:56 AM
My Thin Ice Macroeconomics #blog on #Substack has been growing nicely.
But having a #Nobel #economist subscribe feels like a special recognition 😊 (🙏 @pkrugman.bsky.social)
If you haven’t yet, make sure you subscribe, it’s free: open.substack.com/pub/thinicem...
#thinicemacro #thinicemacroeconomics
But having a #Nobel #economist subscribe feels like a special recognition 😊 (🙏 @pkrugman.bsky.social)
If you haven’t yet, make sure you subscribe, it’s free: open.substack.com/pub/thinicem...
#thinicemacro #thinicemacroeconomics
The #oilprice is up 15%+ past days. That’s not moving the needle for #USconsumers - the share of #gasoline and other #energy products in total #consumption spending (#PCE) is a v low 2%. The divergence has increased since the #pandemic due to strong income growth. #Fed #thinicemacro #globalmacro
June 17, 2025 at 2:08 PM
The #oilprice is up 15%+ past days. That’s not moving the needle for #USconsumers - the share of #gasoline and other #energy products in total #consumption spending (#PCE) is a v low 2%. The divergence has increased since the #pandemic due to strong income growth. #Fed #thinicemacro #globalmacro