ADAM TOOZE

This year’s spike in the nation’s money supply has been unprecedented. 21 % of all dollars in circulation were printed in 2020. @KatusaResearch via @SoberLook

For 1/3 of Americans, reducing the US deficit should be a priority for incoming Biden administration. Which way will Yellen swing? @MorningConsult via @SoberLook https://t.co/inNIwuk7Zt

Of countries with the largest number of refugees in Europe, W. Asia and Eat Africa, Turkey is way ahead of all the rest. Data from

Under pressure from corona shock, Hershey’s is using trades on the cocoa futures market to sidestep the premium being charged by Ivory Coast and Ghana

Cliff edge? @ecb does interesting & alarming juxtaposition of corporate loans & household debt v. corona support measures, guarantees, job support etc Premature withdrawal of

Despite shock of 2020, a record 90 percent of fixed income assets offer less than 2 % yield and yields are compressed. @ecb Financial Stability

The dollar debts that helped to end the Cold War. By 1988, the Soviet Union and its bloc owed $112bn. Of the bank loans the

Divergence btw sectors and national economies in Euro area as measured by weighted standard deviation of year-on-year growth. Surged after 2008 and even more dramatically

Japan breaks the correlation btw debt/gdp & 10 year Treasury yields visible for other advanced economies in 2019. @AdamPosen ft.com/content/f478f5… https://t.co/XybEqKjBw3

The real effective exchange rate of the renminbi benchmarked against its 5 year average -> despite the recent appreciation it is not overvalued. @PantheonMacro via

"between 1990 and 2002, Japan had the lowest average per capita gross domestic product growth rate in the G7, and from 2003 through 2019, it

In 2020 both EU and US suffered huge hits to labour market. In US the result was a vast surge in unemployment. EU, instead, absorbed

When BlackRock offered to advise the EU on sustainable finance regulations for as little as €280,000 someone should have smelled a rat, EU ombudsman finds.

As the markets digest the news of defaults on Chinese SOE backed by provincial governments, investors have been selling high-rated state-owned-enterprise (SOE) bonds in provinces

What to learn from Japan? @AdamPosen asks 1. Do not exoticize 2. Do not be fatalistic 3. Policy makes a big difference in addressing problems

RT @MESandbu: In the 1980s we thought we needed central bankers who were economically more conservative than the public. Now we are learnin…

France has sent out bills for digital service tax, UK is due to start in April. US pulled out of OECD negotiation in June. Lighthizer

2020 shock -> public debt/gdp ratios have surged. In Euro are from c. 85% to 100%. How much of that is due to new debt

The wobble in China’s bond market has been one of the big stories of the last few weeks. A healthy shakeout or a more worrying

"A fiscal tightening at a time when output gaps are still projected to be negative could exacerbate the current economic situation.” And what does the

Sectoral dispersion of growth rates across the euro area, the dramatic hit to service sector in 2020 is clearly visible in the comparison to 2008-9.

Anthropocenic stress-monitoring of Euro area banks by @ecb maps emissions intensity of bank assets v. Sectoral coronavirus sensitivity. Trick. But I am not sure about

So far Europe’s banks have made far less provision for losses than a model would predict based on severity of 2020 shock. @ecb is worried

"An abrupt end to gov policy support schemes would pose cliff-edge risks to the debt servicing capacity of euro area firms and households.” Knock-on effect

Average of professional forecasts for Euro area economy puts it below 2019 level until 2022-3. ecb.europa.eu/pub/financial-… https://t.co/noJgDK1LVd

ECB totting up funding flows in Euro area. But look closely at the timeline and you see: 1 trn euro in new national debt in

RT @oliverbeige: Is now a good time to talk about the other two Cambridges controversy (MIT Sloan vs MIT Econ), the technology & growth dis…

RT @oliverbeige: @MGSchmelzer @CleoCZ @ClubOfRome @oecd_naec @zeithistoriker @adam_tooze @parents4future @R_Degrowth @KateRaworth @ProfTimJ…

Looking back at the American century from 2020 one really begins to feel the significance of the unique constellation of Democratic Party control of WH

RT @clark_aviation: The final resting place for Douglas and Connie? 😟 A massive collection of American prop-liners, parked up and awaiting…

Which states in the US generate most of their power from renewables? 7 of top 10 are red-states and I mean DEEP red states. In

RT @GarconsOfficiel: Entrer dans la légende.. Gary Cooper photographié par Edward Steichen en février 1930. C'est son 1er film parlant en 1…

In 1916, 1932, 2008 and 2020 Americans elected a Democrat President amidst a major national and global crisis. This is the first time they do

Like cheap power? Like heavy vehicles with engines that have massive torque? Prefer not to waste money in cold winters and hot summers? Why doesnt