ADAM TOOZE

The remarkable COVID seesaw in the US: personal income surged in April under impact of stimulus and then shrank v. consumption which shrank in March

In 2000 Clinton admin signed off with an Economic Report which ALMOST included a chapter exploring a future in which there US had paid off

The City of Chicago has its plate full with problems. Now add a $1.2bn record fiscal deficit to a difficult mix. $ 2bn by 2021.

Significant anecdote from @StephanieKelton Mike Enzi R Wyoming Finance Cttee didn’t think debt numbers with decimal points were dramatic enough -> suggested that @USCBO be

It costs up to $160 a tonne more to scrap a ship in Europe than in Asia. For a cruise ship, which averages 25,000 tonnes

Almost 350 very big ships make up the global cruise line fleet of the $150bn industry. Carrying 30 m passengers per year. How many will

In U.S., the richest country in the world, almost 2% of population, more than 5 m people, can’t afford a diet that protects against all

A while back I did an essay about Ulrich Beck, risk society and the COVID condition for @ForeignPolicy foreignpolicy.com/2020/08/01/the… Rodrigo Cantu of Universidade Federal de

“Once upon a time there was a brave man who imagined that the only reason men drowned was because they were possessed by the thought

The number of international tourists visiting Spain collapsed 75 per cent in July compared with the same month in 2019 -> 38bn euro cumulative shortfall

The world has a food problem. But it is NOT a problem of production. There is plenty of food but in wrong hands. @megandurisin @ekrembert

RT @RobinBrooksIIF: @marcmakingsense @adam_tooze Absolutely, you are quite right. That's why a dovish shift at the ECB needs to start with…

German economists have recently assumed far more prominent place in public debate. But this has also exposed divisions. @Lars_Feld v. @MFratzscher arguing over 2-year extension

The locust attack earlier this year did terrible damage inIndian Ocean region. I dont know why this story @davidpilling @EmikoTerazono from April was reupped in

Despite a glut of global food production, initial United Nations forecasts show that in a worst-case scenario, about a tenth of the world’s population won’t

Is COVID emergency over? How important is sustained income support? How large will the shock be from precautionary saving? Anyone who thinks this debate is

If taken too literally, Fed inflation averaging begs range of questions over dates that will be considered. It is best to read it, as it

Hunger Is Threatening to Kill More People Than Covid This Year As many as 132 million more people could go hungry as the pandemic exposes

Inflation v. Deflation: As far as the Eurozone is concerned the debate is surely over. Core inflation slumps to record low. And pressure from EUR

History of the electric kettle? For reasons that are obscure and involve a debate with the teenager I was looking into this issue this morning.

The UK&Ireland plus Northern Europe were key to driving global migration economy in mid 19th century. Caveats: 1. I wonder whether map is understating slave

Two quite distinct positions in recent historiography of Third Reich up for debate here. To put it VERY Crudely: Self-mobilizing Volksgemeinschaft (Fritzsche/Wildt) v. Repression in

RT @SergiLanauIIF: India's economy shrank ~25% in a major lockdown. A recovery started in June and some industries may now be at 90% of pre…

RT @atalaveraEcon: The obliteration of Spain's tourism sector in 2020 in two charts. https://t.co/cBlrkatr7I

As UK economy has become more concentrated on few big cities -> cost of living has gone up -> workers face choice of longer commute

RT @fwred: Core goods inflation collapsed to -0.1% due to the postponed start of summer sales (FR, IT) but services inflation declined too,…

RT @ninaism: Three times a day https://t.co/8kNJ7u9EA4

They are calling it “Locust-19”: A 2nd wave of locusts is about to make a devastating appearance in @ Africa, 2 months after swarms — some billions

Germany’s widely-hailed short-time working measures are now getting caught up in still-hugely-contentious legacy of Hartz IV changes of early 2000s. twitter.com/KeineWunder/st…

RT @RobinWigg: Effective US corporate tax rates have been declining for three decades, but have fallen further for tech companies. https://…

A (returning) issue for EU-watchers going forward: EUR strength v. USD. Not good for export prospects or chances of hitting inflation target. Likely compounded as

Great map on Eni (Italy’s) oil and gas infrastructure in Libya. twitter.com/michaeltanchum…

RT @Brad_Setser: Across oil importing Asia, most economies' reserves (counting forwards — we now have end month disclosure for most countr…

RT @Brad_Setser: There isn't one emerging world but rather two — A subset of countries lost reserves in the COVID-19 shock and hasn't rea…

RT @Birdyword: It's just crazy how shallow the fall in the Taiwanese manufacturing PMI has been this year. It looks more like the 2011 head…

RT @Brad_Setser: Given the scale of Taiwan's reserves, intervention and the foreign asset position of its lifers, there actually should be…