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Dom White

@domw.bsky.social

9.5K followers 800 following 4.9K posts

Chief economist at Absolute Strategy Research in London. But all of the nonsense I spout on here is mine and mine alone. RTs are not endorsements unless they are.

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Dom White @domw.bsky.social · 47m

Exactly. We’re staring directly at many of the issues created by putting public assets in private hands and yet …

Dom White @domw.bsky.social · 57m

Right. The point is that Gilt yields reflect all those issues rather than the level of debt to GDP. So focus on trying to fix the issues rather than on the level of debt to GDP.

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Dom White @domw.bsky.social · 1h

Yeah but we have a lower debt-GDP ratio than the US, so ...

Dom White @domw.bsky.social · 1h

Just strikes me as debt-to-GDP ratio fetishism.

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Dom White @domw.bsky.social · 1h

Exactly. It's a wheeze where the additional costs (both debt financing and the cost of servicing the asset) end up outweighing any benefit.

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Dom White @domw.bsky.social · 1h

What are the advantages of keeping the debt off the government’s balance sheet? Unless you think the investment is run more efficiently through a private sector contractor, you’re effectively paying a higher financing cost to try and hide the debt.

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Dom White @domw.bsky.social · 2h

Many thanks

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Dom White @domw.bsky.social · 2h

@infinitescream.bsky.social Do your stuff

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Dom White @domw.bsky.social · 17h

Something in common with Trump is that the grift is out there in the open for everyone to see. They’re not even trying to hide it.

Dom White @domw.bsky.social · 1d

#TACO

Carl Quintanilla @carlquintanilla.bsky.social · 1d

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Dom White @domw.bsky.social · 2d

My wife is from Northern Ireland and I’m 99% sure she’d have the Omagh bombing and Bill Clinton’s visit in her top 5.

Dom White @domw.bsky.social · 2d

Parklife is brilliant (both song and album). I think the Great Escape is a lot weaker, which I think was the album released after the whole Blur vs Oasis thing?

Dom White @domw.bsky.social · 2d

I liked both but thought both songs were a bit weak!

Dom White @domw.bsky.social · 2d

Oh, and the whole Blur vs Oasis was an event, for sure, even though I kind of refused to take a side.

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Dom White @domw.bsky.social · 2d

If we’re just doing events that were personal to you then I’d probably include getting a gameboy.

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Dom White @domw.bsky.social · 2d

What five events defined your childhood?

Fall of the Berlin Wall
Italia 90 (marginally, over Mexico 86 and Euro 96)
Election of New Labour
1st Gulf War
Chernobyl

Paul Bernal @paulbernal.bsky.social · 2d

What five events defined your childhood?

The first moon landing
Thatcher stealing my milk
Vietnam war
Star Wars
The Clash

Dragonrider Sue #fbpe #ktto 🐠🐟 she/her 🏳️‍🌈🏳️‍⚧️ @topsyscatmum.bsky.social · 2d

What five events defined your childhood?

Poll tax riots
Brixton riots
Fall of the Berlin wall
Sex Pistols
Jaws/Grease/Poltergeist

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Dom White @domw.bsky.social · 3d

If only the French had a phrase for Déjà vu.

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Reposted by Dom White

FOHF @fohf.bsky.social · 3d

I mean I did tell you this morning.

FOHF @fohf.bsky.social · 4d

Top is in, lads.

Bloomberg News @bloomberg.com · 4d

Exclusive: SoftBank is seeking a $5 billion loan, backed by Arm shares, from global banks as founder Masayoshi Son ramps up AI bets

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Dom White @domw.bsky.social · 3d

Back to see if he can do a full Truss second time around.

FinTwitter @fintwitter.bsky.social · 3d

Lecornu: ‘I accept - out of duty - the mission entrusted to me by the President of the Republic to do everything possible to provide France with a budget by the end of the year and to address the daily life issues of our fellow citizens. We must put an end to this political

Dom White @domw.bsky.social · 3d

Wake up (Rage Against the Machine) 8/10
Wake up (Arcade Fire) 6/10

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Dom White @domw.bsky.social · 3d

Daydreaming (Massive Attack) 5/10
Daydreaming (Radiohead) 9/10

Hunter (Portishead) 7/10
Hunter (Bjork) 8/10

Rob Davies @byrobdavies.bsky.social · 3d

Fun music game.

Take two songs with the same name and post your combined score out of 10. How high can you get?

No covers/no triples (e.g. Power of Love)

My first effort, which i think is hard to beat...

Zombie (Fela Kuti) 10/10
Zombie (The Cranberries) 7/10

Total score: 17

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Dom White @domw.bsky.social · 3d

Not really. It’s just that people seem to talk about these investments as if they’re (1) likely to happen, and (2) almost like free money for the US. And neither is strictly true.

Dom White @domw.bsky.social · 3d

<six months pass and the scene cuts to Bessent and a room full of reporters>

First question: "So it's Hassett?"

Bessent: "Yeah, it's Hassett"

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Dom White @domw.bsky.social · 3d

Other way around. If Saudi is investing in the US that will tend to put upward pressure on the dollar, downward pressure on the riyal - unless there's an offsetting FX flow to compensate. Easiest way to think about it is that Saudi has to sell US Treasury bonds to finance other investments.

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Dom White @domw.bsky.social · 4d

Boooooooo