Philippe Ledent @PhilLedent
Economist at ING, Invited lecturer UCL and...Fly-fisherman. Comments on Belgium and much more. Views expressed are not necessarily those of my employer Brussels Joined February 2012-
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@CGollier @Challenges Super texte, comme toujours… le texte est-il libre de droits (je peux l’utiliser dans un de mes cours à l’UCLouvain? ). Merci.
Het probleem in Europa en België zit vooral tussen de oren: de ideologie van "degrowth" heeft een sterke basis gekregen in allerlei overregulering, en de traditionele media hebben veel aandacht voor neocommunistische ideologieën. We vergeten hoe we welvarend zijn geworden.
🇫🇷 🇧🇪 Belgium sits at the bottom of the league table with France when it comes to public deficits But Belgium has some unique advantages and opportunities that France no longer possesses. Take a look: think.ing.com/opinions/belgi…
Quand les économistes sérieux essaient de simplifier le problème par pédagogie pour transmettre la substance d’un raisonnement complexe, on leur dit que c’est du « foutage de gueule ». Quand ils donnent le modèle complet, on les ignore !
Happiness vs GDP per person. Really difficult to argue against this correlation, isn’t it cute that so many people seriously argue that GDP is not the right metric for prosperity?
Pourquoi est-il si difficile de quitter le PIB comme mesure de bien-être ? Parce qu’il mesure le pouvoir d’achat des gens. Et, n’en déplaisent aux décroissants, le pouvoir d’achat est un sujet premier de leurs préoccupations. share.google/L4DBZQLXg1JfZm…
BREAKING: BYD announces that it will no longer produce cars but only drivable computers.
BREAKING: Trump caves again on Tariffs: Smartphones, computers, chips as well as other electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives are now EXEMPT from Tariffs. So thanks to
The idea behind the so-called Mar a Lago Accord was to make the dollar less attractive. No need for an accord anymore. The markets are doing it all on their own. (Yes, with a more likely recession, higher interest rates, and a higher likelihood of a fiscal crisis, but, hey, nothing is perfect…).
Maybe the cuts aren’t real?
I wholeheartedly support the cuts President Trump, Elon Musk/DOGE have put forward. But if the cuts are real, why does the bill expand our debt by $5 trillion! Congress math once again doesn’t add up! GOP holdouts block action mlive.com/news/2025/04/g…
@GeertLangenus Dent Lee agrees with you…
DOGE success is simply breathtaking
Hey, as long as it is fair and reciprocal and calculated using Greek letters!
can't wait to see the retaliation to the retaliation to the retaliation against the retaliatory tariffs
The usual conundrum about the interaction between economic policy and the stock market. The stock market crash is going to put pressure on the Trump administration to retreat on tariffs (at least, de facto. I am sure the rhetoric will be triumphant). My guess is that the retreat will be partial and messy, with more retreat against players with more bargaining power (China perhaps excepted). But, if so, maybe the retreat means that the future may not be as bad as it might have been, and the crash may be excessive. 😊 To be monitored.
Elon just tweeted this video of Milton Friedman arguing against tariffs.
When you’re Donald Trump and you always want to be the smartest man in the room, you have to choose your cabinet members carefully.
Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones -- that kind of thing is going to come to America."
In my last Sunday Wrap (at least for my UniCredit chapter of work life) I discuss the destruction to the global system caused by Trump, and draw the conclusions for the next 5-10 years for growth, inflation, markets etc (Europe will be okay!) Stay tuned research.unicredit.eu/DocsKey/econom…
Having a hard time tracking @realDonaldTrump's tariffs? You're not alone. @washpostbiz has a new interactive tracker showing which #tariffs have been threatened, which dropped, and which enacted. Hours of fun for the whole family! washingtonpost.com/business/inter…
This is brilliant again. Trump defies mathematics. “Illegal border crossings have plummeted by numbers that nobody has actually ever seen before. Much more than 100%.” Thank you Mr President!
Mario Draghi barrels into European politicians and leaders for their inaction: "You say no to public debt. You say no to the single market. You say no to create a capital market union. You can't say no to everything...You ask me what's best to do…I don’t know, but do something"
C’est exceptionnel, une régalade.
Xander @BeOstbelgien
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Lorenzo de María Ló... @L_DeML
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