0.5% GDP by 2040: projected boost from post-Brexit trade deals.
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
November 1, 2026 at 4:12 PM
0.5% GDP by 2040: projected boost from post-Brexit trade deals.
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
that’s upwards of 20% of North Korean GDP
The binance hack is for more than $6 billion, people at TRM Labs and Chainalysis (big blockchain analysis companies) tell me. Far and away the biggest crypto theft in history. TRM saying it's North Korea. Others in the space who aren't saying that are also working w that assumption.
October 30, 2026 at 2:34 AM
that’s upwards of 20% of North Korean GDP
pretty good day for North Korean GDP
❗️A $2.77 billion outflow from Binance hot wallets was detected across five blockchains.
There is no official confirmation of the hack yet.
There is no official confirmation of the hack yet.
October 29, 2026 at 8:59 PM
pretty good day for North Korean GDP
Ah, yet another dodgy journalist using real value over decades rather than percentage of GDP, despite the latter being the better measure of affordability.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
November 1, 2026 at 4:05 PM
Ah, yet another dodgy journalist using real value over decades rather than percentage of GDP, despite the latter being the better measure of affordability.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
this is roughly the GDP of Fiji
I want to point out: Excluding financial crimes like accounting fraud or systematic state/military efforts like the sacking of cities or expropriation, this appears to be the most valuable single theft in the entirety of world history. gizmodo.com/binance-inve...
Binance Confirms at Least $6.3 Billion 'Impact' From Crypto Hack, Already the Largest in History
"Our security teams are reviewing all relevant information with urgency," the company said.
gizmodo.com
October 30, 2026 at 6:45 AM
this is roughly the GDP of Fiji
crypto is a social technology that converts SV technocapital into GDP growth for the DPRK
October 29, 2026 at 9:22 PM
crypto is a social technology that converts SV technocapital into GDP growth for the DPRK
Welfare as a percentage of gdp
November 1, 2026 at 9:34 PM
Welfare as a percentage of gdp
FT journalist encounters economics for the first time, as he creates graph in £ rather than %GDP
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 1, 2026 at 4:25 PM
FT journalist encounters economics for the first time, as he creates graph in £ rather than %GDP
Can you repost the graph showing it as a % of GDP?
November 1, 2026 at 3:31 PM
Can you repost the graph showing it as a % of GDP?
want to show this graph as a % of GDP?
November 1, 2026 at 4:33 PM
want to show this graph as a % of GDP?
I still can’t get over this graph. Why would you not adjust for GDP unless the thing you were looking at was actual GDP growth. It’s bonkers.
November 1, 2026 at 5:43 PM
I still can’t get over this graph. Why would you not adjust for GDP unless the thing you were looking at was actual GDP growth. It’s bonkers.
AI-related investment categories have surged from around 4% of GDP to 5.5% of GDP. That's a huge impact on demand. But much of that impulse is leaking out via imports: when we strip those out, investment net of imports is *falling* versus GDP.
October 29, 2026 at 2:17 PM
AI-related investment categories have surged from around 4% of GDP to 5.5% of GDP. That's a huge impact on demand. But much of that impulse is leaking out via imports: when we strip those out, investment net of imports is *falling* versus GDP.
Danke an Herrn Kopelke #GdP für die richtige demokratische, rechtstaatliche Einordnung.
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend
Berlin, 1. November. Die Gewerkschaft der Polizei (GdP) dankt den Einsatzkräften für ihren Einsatz bei den bundesweiten Demonstrationen am Samstag und den teils schweren...
www.presseportal.de
November 1, 2026 at 3:55 PM
Danke an Herrn Kopelke #GdP für die richtige demokratische, rechtstaatliche Einordnung.
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Illinois is not the laughing stock of the nation.
Illinois is doing way better than many Republican run states.
Illinois is #5 in GDP.
Illinois is doing way better than many Republican run states.
Illinois is #5 in GDP.
November 2, 2026 at 1:06 PM
Illinois is not the laughing stock of the nation.
Illinois is doing way better than many Republican run states.
Illinois is #5 in GDP.
Illinois is doing way better than many Republican run states.
Illinois is #5 in GDP.
This really ought to be a % of GDP graph but it's worth noting that exponential growth in welfare state expenditures continued even as the economy stagnated.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 2, 2026 at 1:19 PM
This really ought to be a % of GDP graph but it's worth noting that exponential growth in welfare state expenditures continued even as the economy stagnated.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
FT is a broad church.
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
November 1, 2026 at 6:15 PM
FT is a broad church.
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
Why are you posting £ rather than % of GDP?
Everything looks expensive given a long enough time horizon when using £...
Everything looks expensive given a long enough time horizon when using £...
November 1, 2026 at 3:30 PM
Why are you posting £ rather than % of GDP?
Everything looks expensive given a long enough time horizon when using £...
Everything looks expensive given a long enough time horizon when using £...
Big day for North Korea’s GDP amirite
October 30, 2026 at 2:40 AM
Big day for North Korea’s GDP amirite
Goldman tracks 2.2% Q4 GDP based on market trends.. 2027 US real GDP growth seen near 2.2% (consensus)
November 1, 2026 at 1:46 PM
Goldman tracks 2.2% Q4 GDP based on market trends.. 2027 US real GDP growth seen near 2.2% (consensus)
Hi Tej. One question: is this intentionally misleading, or do you really not understand why it is unhelpful to chart absolute figures rather than as a percentage of GDP?
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 1, 2026 at 4:00 PM
Hi Tej. One question: is this intentionally misleading, or do you really not understand why it is unhelpful to chart absolute figures rather than as a percentage of GDP?
A massive loss for Aotearoa. #NzPol
Youth moving overseas will cost NZ $76b in GDP, say Greens
The Greens say a surge in young people moving overseas since 2023 will cost the country $76 billion in GDP, $40 billion in lost earnings and $6 billion in foregone net tax over the next four decades.
www.rnz.co.nz
November 2, 2026 at 7:13 AM
A massive loss for Aotearoa. #NzPol
$6.3 billion is almost 25% of North Korea's GDP
The Binance hack is so gargantuan that it about doubled the previous sum of all known crypto thefts linked to North Korea. It's an absolute boon for Kim Jong Un's nuclear and ballistic missile weapons program. www.nytimes.com/2026/10/30/t...
Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
www.nytimes.com
October 30, 2026 at 7:39 PM
$6.3 billion is almost 25% of North Korea's GDP
FWIW, I don't think we're yet at "AI bubble pop," but we are seeing investment oversaturation and the first hints of "does this make sense?" Bubble keeps going because there's still ample belief that end-user spending on AI will go from 0.3-0.5% of US GDP to 2-3% of US GDP in the next year or two.
‘The stock market is starting to reflect investors’ nervousness that the AI payoff might not arrive—at least in the near term.’ www.wsj.com/finance/the-...
Wall Street Is Starting to Call the Shots in America’s AI Build-Out
Lenders and investors are getting choosier about their bets and demanding stricter terms, as the AI build-out enters a new phase.
www.wsj.com
October 31, 2026 at 8:53 PM
FWIW, I don't think we're yet at "AI bubble pop," but we are seeing investment oversaturation and the first hints of "does this make sense?" Bubble keeps going because there's still ample belief that end-user spending on AI will go from 0.3-0.5% of US GDP to 2-3% of US GDP in the next year or two.
The historic GDP numbers we got today have only happened 147 times since we started tracking GDP or roughly half of all quarters. Since Trump has the fewest quarters of any president with gdp that high it’s historic for him. Dems average 3.7% Republicans 2.6%
October 29, 2026 at 9:37 PM
The historic GDP numbers we got today have only happened 147 times since we started tracking GDP or roughly half of all quarters. Since Trump has the fewest quarters of any president with gdp that high it’s historic for him. Dems average 3.7% Republicans 2.6%
NEW: US Real GDP came in at a 3.4% annualized growth rate in Q3 2026 data released this morning.
Consumption, investment, & government output increased, while the trade deficit widened
Nominal GDP growth (unadjusted for inflation) came in at 5.6% annualized
Consumption, investment, & government output increased, while the trade deficit widened
Nominal GDP growth (unadjusted for inflation) came in at 5.6% annualized
October 29, 2026 at 12:35 PM
NEW: US Real GDP came in at a 3.4% annualized growth rate in Q3 2026 data released this morning.
Consumption, investment, & government output increased, while the trade deficit widened
Nominal GDP growth (unadjusted for inflation) came in at 5.6% annualized
Consumption, investment, & government output increased, while the trade deficit widened
Nominal GDP growth (unadjusted for inflation) came in at 5.6% annualized