Eric Prenen
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eprenen.bsky.social
Eric Prenen
@eprenen.bsky.social
510 followers 2.9K following 220 posts
Retired former tech exec. 🇧🇪 in 🇷🇴. Nerd avant la lettre. Now exploring opportunities in Public & Private Equity.
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Reposted by Eric Prenen
Already today, Israel has:

-Conducted a drone strike on Khan Younis in Gaza

-Shot & wounded two others near Khan Younis

-Killed 5 Palestinians in Gaza City

-Fired on & wounded a several others near Jabalia

All in violation of the “ceasefire.”
Crypto derives its value largely from the support of politicians and government officials — in particular, officials who can be bribed. paulkrugman.substack.com/p/how-crypto...
How Crypto Became a Trump Trade
It’s primarily a vehicle for crony capitalism now
paulkrugman.substack.com
Reposted by Eric Prenen
The Nobel Committee is like, "This is why that orange asshole doesn't deserve the Nobel Peace Prize and why we are rewarding the exact opposite of him."
NOBEL rewards democracy over authoritarianism
Reposted by Eric Prenen
Millions of followers ≠ engagement. @theguardian.com has 1.4m followers on Threads with almost no engagement. On Bluesky, links can get 3–4x more clicks than likes.

The real question isn’t “how many followers do you have?” but “what kind of engagement do you get?”
Reposted by Eric Prenen
"The first wave of grocery-price increases will likely hit this winter...prices could rise 50% to 100% by early next year..."

Which is what every competent economist has been saying for over a year now. Throttling supply of goods & labor, unsurprisingly, means prices go up.
#EconSky
‘It’s like when you see the tsunami coming in’: Agricultural economists are sounding the alarm about produce prices doubling
Consumers “don’t have a clue what’s going on,”  said Raymond Robertson, a labor economist.
fortune.com
Reposted by Eric Prenen
This one is only for Blueskyers of a certain age.
Reposted by Eric Prenen
A careful study of every populist episode since 1900 finds catastrophic consequences, which play out slowly.

On average, incomes fall behind by nearly 15% over 15 years.

For the U.S., this is a cost of about $13k per person per year. Over a lifetime, that's million bucks.
Reposted by Eric Prenen
This is unprecedented:

Core CPI inflation is back above +3% and PPI inflation is at its hottest since March 2022.

Meanwhile, President Trump is calling for a 300 BASIS POINT rate cut and is set to replace Fed Chair Powell.

Are you ready for what's next?