ADAM TOOZE

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How the dollar gold peg became unsustainable. In 1945 US gold holdings = $20.1 bn v. $ reserves outside US

November 19, 2020

How the dollar gold peg became unsustainable.
In 1945 US gold holdings = $20.1 bn v. $ reserves outside US of $4.2bn
1972 $10.5bn in US gold holdings v $61.3bn in dollar reserves.
From a classic 1973 essay by Richard N. Cooper in @ForeignPolicy archive.
digital.olivesoftware.com/olive/APA/Fore… https://t.co/oIgm1ki0gd

More circumstantial evidence for the effect of a sudden pop in markups on the current inflationary surge. @SoberLook thedailyshot.com/2022/06/28/bus… https://t.co/HBcYTT0gXM

June 28, 2022

More circumstantial evidence for the effect of a sudden pop in markups on the current inflationary surge. @SoberLook thedailyshot.com/2022/06/28/bus… https://t.co/HBcYTT0gXM

As US financial markets have come to expect a much more severe Fed tightening cycle, inflation expectations have drifted significantly

June 28, 2022

As US financial markets have come to expect a much more severe Fed tightening cycle, inflation expectations have drifted significantly lower. Faith in the Fed

Oh for the love of god … or perhaps that should be “oil" .. Biden turns to MBS and now

June 28, 2022

Oh for the love of god … or perhaps that should be “oil" .. Biden turns to MBS and now …. Macron (for fear of