RT @dfedman: 1/ Herewith a short Fabian Drixler appreciation thread: There's no need to here recycle praise for Mabiki. It's a great book…
RT @dfedman: 1/ Herewith a short Fabian Drixler appreciation thread: There's no need to here recycle praise for Mabiki. It's a great book…
Angola, Africa’s second-biggest crude producer, has been the continent’s biggest borrower from China this century, receiving $43bn of the $143bn lent by China. ft.com/content/bd73a1… https://t.co/5A7zTjBvu2
The drivers of Africa’s rising indebtedness since 2015 have not been World Bank, Multilaterals or Banks but Billateral (i.e. China) and bond markets. That model
In 1996, when US led the Highly-Indebted Poor Countries Initiative, China trailed Costa Rica as a bilateral creditor. Today China is larger bilateral lender to
Fear of market pressure -> Erdogan was forced to fire his son in law & reshuffle economics team. Will Bolsonaro be next? Will he jeopardize
With Chinese heavy industry roaring back, China’s coal prices spiked as the dispute with Australia dampens imports. @SoberLook thedailyshot.com/2020/12/02/us-… https://t.co/5Y50vAw1vA
In March 2020 the US Treasury market, the $20trn anchor of the global financial system, suffered a moment of alarming instability. What lay behind the
"Europe is right to risk a double ‘no deal’. The consequences of bad agreements over Brexit and with Poland and Hungary would last decades.” Telling
In the energy transition, the world is going to need a lot of copper. But right now there are not a lot of profitable looking
2020 crisis amplified downward trend in nonresidential construction in US and only briefly interrupted upward surge in residential. @MizuhoAmericas via @SoberLook thedailyshot.com/2020/12/02/us-… https://t.co/dDTxPsnjZK
Bolsonaro botched public health response to corona. But run generous stimulus prog. Huge deficits & elections 2022 Brazil borrows 90% domestic currency. Lenders jittery ->
Since 1990s crises EM sovereigns have borrowed as far as possible in local currency -> transfers exchange rate risk to lenders, who have taken a
“Why, for example, should it be a U.S. negotiating priority to open China’s financial system for Goldman Sachs?” Asks Jake Sullivan … well …. Fascinating
Glencore is in unique position at both ends of carbon spectrum = world’s biggest exporter of thermal coal but also a big producer of metals
With Americans switching spending from services to stuff, US trucking companies have placed a record 52600 orders for class 8 big rig trucks. wolfstreet.com/2020/12/02/her… https://t.co/xRk1UEEL03
The word “apocalypse” derives from the Greek apokalypsis, which means “something uncovered” or revealed. Klein, Naomi. This Changes Everything: Capitalism vs. The Climate (p. 105)
RT @kenvogel: BIDEN WH STAFF SO FAR: ➡️Venture capital executive (@RonaldKlain). ➡️Former pharmaceutical, insurance lobbyist (Steve Ricche…
Since 2017 Blackrock has been pushing for MSCI global stock indices to give a heavy weight to Chinese A shares. Positions it as a “friend
RT @charliebilello: Tesla Market Cap: $609 Billion Other Autos… Volkswagen: $96 bil. Audi: $83 bil. Daimler: $74 bil. GM: $63 bil. BMW:…
How do you get a freezer to minus 80? You couple two freezers in sequence! ft.com/content/21db20… https://t.co/tPtcN1kcZw
Thanks to central bank intervention, 2020 has been a huge year for bond issuance. @DeutscheBank via @SoberLook thedailyshot.com/2020/12/02/us-… https://t.co/OsFbocTBG8
2015 stock market shock was a defining event in Xi’s regime. Came to power in 2012 promising to give markets a bigger role in economy.
"Toulouse Lautrec’s Pierreuse (1889), which had belonged to automotive head Henry Ford II. This work attracted at least five bidders, all in New York, before
RT @DinaPomeranz: Hearing mostly bad news about Africa? That's a function of selective news reporting. Here are the long-term trends: http…
The greater the wealth of American investors in 2004 the better their rate of risk-adjusted rate of return. @IMFNews via @SoberLook thedailyshot.com/2020/12/02/us-… https://t.co/q52ppNNhFd
China’s asset management industry is huge and has grown rapidly even as foreign share has remained tiny. Big American asset managers would love to change
Huge divergence in innovation spending by large v. Small and medium-sized German companies. Will this be a driver of widening productivity differentials and inequality? @Danske_Research
Worst car ever made? All this talks about state aid and level playing fields, someone just had to bring up the Austin Allegro didn’t they!
RT @mmasnick: Holy shit. Rebekah Jones, the whistleblower who refused to fake COVID data in Florida, had her house raided this morning at g…
RT @CentralEuropean: CEHS is proud to award the 2019 Rosenberg Book Prize to Astrid M. Eckert for her work 'West Germany and the Iron Curta…
RT @elinaribakova: The EM policy response to #COVID19 represents a break from past crises. EM central banks eased monetary policy providing…
"By 2000 half of Russian lived below the official poverty line of just $45 a month and another 25–30 percent close to it.” Excellent essay
RT @JuddLegum: "Both Pfizer and Moderna, the two major drug manufacturers likely to receive emergency authorizations for a Covid-19 vaccine…
RT @fwred: My estimates of Germany's share in ECB QE programmes (% of eligible universe; November): PSPP: 27% PEPP: 8% Total = 35% Above…
RT @JWMason1: A question that comes up now and then in discussions of US macroeconomic policy is whether the Congressional Budget Office ma…
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