RickChasey
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rickchasey.bsky.social
RickChasey
@rickchasey.bsky.social
Still a City worker, still following cycling too much like a religion.

Now has more opinions on ESG & sustainable investing than your average.
Sure.

There’s a very fine line between nationhood and bigotry, and my own experience shows me how arbitrary and artificial it all is.

And those nationalists are happy to tell anyone else to “like it or not”.

Just because you feel it, doesn’t mean it’s there.
December 3, 2025 at 1:22 PM
The west would do well to recognise in 2025 their nation is a medium sized one, and the reality of geopolitics & the nature of the major problems they face are best solved collectively.

That requires technocratic solutions, whether they like it or not.
December 3, 2025 at 1:14 PM
It’s fairly plain to see technocratic > emotional resonance in terms of macro outcomes.

You may care about your emotions but the hard truths of geopolitics and economics don’t.

I get that people feel technocratic governance has not delivered, but on what evidence would parochial governance work?
December 3, 2025 at 1:13 PM
You’re getting closer 😜

This is exactly what I mean
December 3, 2025 at 12:20 PM
I don’t think the EU is a good place for defence. It’s not well structured for it and I think security in general will be arranged in parallel to it.

It’s not the card Brits think it is
December 3, 2025 at 12:17 PM
It’s the logic of Brexiters! “We’re so big they’ll cave in”

I promise you, any flex to Britain is a major threat to the unity of the union.

The politics is they leavers must be punished, else it is an existential problem for the union.
December 3, 2025 at 11:55 AM
I think you’re really underestimating how much more primacy the politics of the club have over the rational logic of free trade & collaboration
December 3, 2025 at 11:54 AM
Politically, what message does it send to other members to not only allow Britain to return, but with exceptions?

Absolutely not.
December 3, 2025 at 11:51 AM
lol not gonna happen again. Not within living memory of Brexit
December 3, 2025 at 11:50 AM
I think you’re misunderstanding how the EU thinks and works.

It is about ze rulez
December 3, 2025 at 11:49 AM
Can’t tell if this is a spoof post or not.
December 3, 2025 at 11:48 AM
I mean, which red line is the UK OK with?
December 3, 2025 at 11:45 AM
I just don’t believe managers when they say they’re willing to forego the liquidity premium.

That’s fine but when markets panic you need iron will or extremely understanding stakeholders to stick to your guns and ride it out.

They usually don’t.
December 3, 2025 at 10:52 AM
Newspaper subby
December 3, 2025 at 10:50 AM
Yes, no one feels the need to pay for liquidity until there isn’t any!
December 3, 2025 at 10:48 AM
I think it’s probably true the banks don’t really know what their exposure to this is, but I also think it is true that the likely max exposure still isn’t all that much.

It’s more there will be a lot of investors, especially in “evergreen” funds who will lose their shirt in the panic
December 3, 2025 at 10:43 AM
Where do you think Britain gets the raw materials from to make steel?

I’ll offer a clue ; it always comes in via boats.
December 3, 2025 at 10:39 AM
Both!
December 3, 2025 at 10:27 AM
I don’t think UK steel is big enough to generate the kind of critical industry mass you’re referring to, basically.
December 3, 2025 at 10:24 AM
Sure but this is not enormous scale because Uk is a terrible place to make steel in 2025!
December 3, 2025 at 9:38 AM
I just don’t see the point of importing all the raw materials, just to produce steel here, given how low margin that process is.

Additionally, the success of the burgeoning high-end metals industry in South Yorkshire is more to do with local demand (Rolls Royce) and not local steel production
December 3, 2025 at 9:21 AM
The UK does not *need* domestic steel production and this is a hill I will die on.
December 3, 2025 at 9:10 AM
It’s also not going to happen
December 3, 2025 at 8:31 AM