Tomas Hirst
@tomashirstecon.bsky.social
Strategy & Asset Allocation. Queasy metropolitan liberal. “Economist” -
@t0nyyates
@t0nyyates
One of the largest regulatory failures of my professional life that has carried (and continues to carry) enormous social costs.
November 21, 2025 at 8:30 AM
One of the largest regulatory failures of my professional life that has carried (and continues to carry) enormous social costs.
For your future use bsky.app/profile/toma...
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November 21, 2025 at 7:48 AM
For your future use bsky.app/profile/toma...
legs are a luxury in the metaverse.
November 20, 2025 at 10:52 PM
legs are a luxury in the metaverse.
Yeah, those people will still be visiting those rooms all alone.
November 20, 2025 at 10:48 PM
Yeah, those people will still be visiting those rooms all alone.
Took me a while to get to this, but have done. Awful survey. Hopefully was helpful though.
November 20, 2025 at 10:27 PM
Took me a while to get to this, but have done. Awful survey. Hopefully was helpful though.
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November 20, 2025 at 4:13 PM
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It’s possible (and I’m open to this) that what we’re seeing is comparative advantage in China’s favour here but it’s worth checking that it’s not, in fact, a product of large temporary subsidies designed to squeeze competition out of the market then raise prices to profitable levels approach first.
November 20, 2025 at 2:59 PM
It’s possible (and I’m open to this) that what we’re seeing is comparative advantage in China’s favour here but it’s worth checking that it’s not, in fact, a product of large temporary subsidies designed to squeeze competition out of the market then raise prices to profitable levels approach first.
True as much for political sustainability reasons as economic stability ones.
November 20, 2025 at 2:50 PM
True as much for political sustainability reasons as economic stability ones.
Also, we've learned what allowing rapid change via terms of trade shocks without some stabilization policy does to domestic employment/welfare. I'm an open markets/free trade guy by instinct, but empirical evidence here is in favour of mitigating pain where possible while still allowing competition.
November 20, 2025 at 2:49 PM
Also, we've learned what allowing rapid change via terms of trade shocks without some stabilization policy does to domestic employment/welfare. I'm an open markets/free trade guy by instinct, but empirical evidence here is in favour of mitigating pain where possible while still allowing competition.
Love it. "What even is wealth? Can we touch it? Maybe nothing is worth anything."
November 20, 2025 at 1:39 PM
Love it. "What even is wealth? Can we touch it? Maybe nothing is worth anything."
Net of revisions we're not too far from where consensus was - things still churning along, nothing much to see here.
November 20, 2025 at 1:33 PM
Net of revisions we're not too far from where consensus was - things still churning along, nothing much to see here.
It’s not truly the Christmas period until the macro data is published again
November 20, 2025 at 1:18 PM
It’s not truly the Christmas period until the macro data is published again
Ditto. But the spillover effects (including an enormous waste of scarce police time as well as further erosion of right to peaceful protest) were extremely obvious ex ante. I am horrified reading that account of what happened. Still think the government acted recklessly.
November 20, 2025 at 1:02 PM
Ditto. But the spillover effects (including an enormous waste of scarce police time as well as further erosion of right to peaceful protest) were extremely obvious ex ante. I am horrified reading that account of what happened. Still think the government acted recklessly.
It’s a blind spot for the left it seems. As a general heuristic, wealthy pensioners have made out like absolute bandits over the past couple of decades but somewhat even working-age left worry about a £2k a year tax on the granny in a £2m house. Like, what are even doing here?
November 20, 2025 at 12:57 PM
It’s a blind spot for the left it seems. As a general heuristic, wealthy pensioners have made out like absolute bandits over the past couple of decades but somewhat even working-age left worry about a £2k a year tax on the granny in a £2m house. Like, what are even doing here?
And edge cases suddenly become incredibly pertinent
November 20, 2025 at 12:54 PM
And edge cases suddenly become incredibly pertinent
And, more, it’s precisely because they committed all the awful crimes listed above that are prosecutable that it was unnecessary to use the TA to proscribe them.
November 20, 2025 at 12:49 PM
And, more, it’s precisely because they committed all the awful crimes listed above that are prosecutable that it was unnecessary to use the TA to proscribe them.