After US and Japan, China is 3rd largest source of FDI. Canada in #5 kinda remarkable. And I bet these data are totally dodgy. So
Because the Chinese currency is pegged to a basket of currencies with a large $-component and the $ is falling -> yuan is simultaneously rising
Just for the record: Italys 30year bond yields down to RECORD lows. One imagines the smart folks at the Italian treasury are locking this in.
In 2019 over $10bn in remittances flowed just from the state of California to Mexico! @jude_webber ft.com/content/424e69… https://t.co/EzTo758uCN
Given the state of Indian bank balance sheets it can hardly be surprising that lower central bank rates are not stimulating a lot of new
Earlier on I posted an FT chart comparing US and European loan loss provisions. This did not include Lloyds and Natwest which have also made
We all know the Chernobyl script. A badly designed reactor suffered a meltdown. The decrepit Soviet regime tried to hide the disaster. Millions of citizens
The second webinar in a series co-hosted with the SWOP Institute, Wiser, History Workshop and the UJ History Department. For readings and details series please
What Eric Hobsbawm called the ‘short 20th century’ is supposed to have ended in 1989 with the United States winning the Cold War. Yet today
Goldman's estimate of the global GDP trajectory and its regional components. @GoldmanSachs via @SoberLook https://twitter.com/adam_tooze/status/1286699433879654400/photo/1
"In 1949, 'Who lost China?' was the question that tortured the American political establishment. Seventy years late… https://twitter.com/i/web/status/1286689681334325250
Paul Klee https://twitter.com/francesca_lovBS/status/1286272282810359808/photo/1
As of May Fed purchases have no longer been absorbing the entire new issue of Treasuries. So that’s c. $ 1.25trn th… https://twitter.com/i/web/status/1286688943648497664
@tanmayj41128048 NOPE … I checked. That is the one!
Can this be real? Apparently this is the official Olympic account with 6 million followers celebrating the 1st torc… https://twitter.com/i/web/status/1286687505476202496
In 1990 47% of equity wealth in the US was held by people under the age of 55. 13% by those under age of 40.
@GrkStav You are right. That is not the right way to phrase that.
Investors dilemma in 21st-century capitalism: How do you gauge the basic balance btw stocks & bonds when there is r… https://twitter.com/i/web/status/1286683567590903808
One of the implications of America’s low productivity growth since 2010 is that it creates a zero-sum trade-off bet… https://twitter.com/i/web/status/1286674498004148226
Production of plastic began in earnest in WWII. It has been on exponential growth path -> last couple of decades d… https://twitter.com/i/web/status/1286667451627954178
In der ganz aktuellen LRB formuliert @adam_tooze das, was Mishra quasi Ideologie-historisch macht, in geo-ökonomisc… https://twitter.com/i/web/status/1286649381442260993
“From the first moment people began to wear gloves and masks, we’ve also began to see them at sea.” First there wa… https://twitter.com/i/web/status/1286662424045600780
90% of COVID clinical trials are in AE. @davidpilling makes a convincing case for broader involvement of low income… https://twitter.com/i/web/status/1286657385281413121
31.8 m Americans on continued unemployment benefits i.e. recognized as unemp by a FAR from generous system. That i… https://twitter.com/i/web/status/1286652352154411008
All around us the businesses that made America’s urban revival are dying. Great piece by @andrewvandam… https://twitter.com/i/web/status/1286647326254088193
If a business is still closed at this point in the crisis, it’s probably permanent @andrewvandam With COVID shock… https://twitter.com/i/web/status/1286642285640392704
Remember that first unemployment claims number on 26 March when we all lost our minds … 18 weeks later … e I g h t…
@natsecHeather Thanks for yr excellent critique. Totally agree. I was torn btw doing justice to economic arguments… https://twitter.com/i/web/status/1286635534752907266
"In 2011, Pfizer, a US pharmaceutical company, set aside $35m to settle with families of Nigerian children who had… https://twitter.com/i/web/status/1286632221105721346
Vaccine deal-making is, perhaps predictably, a shambolic mess. @FT is trying to keep track.… https://twitter.com/i/web/status/1286627186154311680
"Erase socialism not history!” Placard outside Boca Raton city hall Florida June 2020. We live in strange times. https://twitter.com/adam_tooze/status/1286622154524696578/photo/1
‘The mistake in thinking that we are in a ‘new Cold War’ is in thinking of it as new. In putting a full stop after…
Whose century? Very fine piece on the dilemma of the West and China. Hint: it's not really about trade anymore. by… https://twitter.com/i/web/status/1286620062774890496
Unlike other major challenges like climate change, inequality etc COVID-19 appears to have a simple fix. Vaccine. R… https://twitter.com/i/web/status/1286616528209809409
Privacy/quasi-sovereignty on the cheap. "You don't need to be a billionaire to buy an island. If you’re able to bu… https://twitter.com/i/web/status/1286610114959609856
Very perceptive review of The Deficit Myth. *The* debate in macroeconomics should be the cause of price stability.… https://twitter.com/i/web/status/1286597274727002112
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