ADAM TOOZE

@samhaselby You mean rather than balancing as Biden is doing here. Did I get you right?

Failure to launch: Share of U.S. 25-to-34-year-olds living with their parents has surged from 10 % in 2003 to 16.8% in 2019. bloomberg.com/news/articles/… https://t.co/JsdYIR5XD1

Biden said he had decided o Treasury nominee but wouldn’t say who. Told reporters his choice “is someone who I think will be accepted by

November 2020 the moment where we had both the Fed and the ECB PLEADING for fiscal action from deadlocked political processes in Congress and in

In recent years sherpas have outnumbered climbers above Base Camp on Everest. This is fascinating on the economy of Everest. bloomberg.com/graphics/2020-… https://t.co/KsB95wuAvs

This week we saw both the Fed & the ECB calling for more fiscal action, US Treasury moving to “reallocate" Fed stimulus money amidst a

RT @OSaumarezSmith: Century Street, Hanley, Stoke-on-Trent, c. 1905, with an ominous skyline of belching bottle kilns. https://t.co/LviWb36…

RT @ForeignPolicy: Across the West, basic questions of a constitutional variety are being posed right now—and not just about politics, expl…

RT @Compare_SMSF: Highly recommended weekend listening! Our favourite guest ⁦@adam_tooze⁩ on our favourite podcast ⁦⁦@TPpodcast_⁩ with ⁦@H…

@DominikLeusder @zeithistoriker @HelenHet20 I was just talking to @M_C_Klein about this same issue. The way I would put it is that we have learned the

RT @DavidBeckworth: Since it is getting a lot of attention now, I am reupping our show with @ericlonners and @economistmeg on CB using dual…

The global impact of major infectious diseases pre Covid: disability-adjusted life years (DALYs), years of life lost (YLLs), years lost due to disability (YLDs), and

RT @zeithistoriker: .@adam_tooze on @TPpodcast_ : “we can now talk about a vaccine interest rate”

China and America’s recoveries are strikingly different: led by consumption in the US with industrial production lagging, the reverse in China. Reinforcing imbalances that @M_C_Klein

Over the course of the last two decades, China’s imports of chips surged to c. $300 bn. @gavekal via @SoberLook https://t.co/1lwCOlKKJd

US consumption is the largest single source of demand not just in US but in entire world economy. It rebounded strongly in summer but was

Neil Bradley, chief policy officer US Chamber of Commerce criticised Mnuchin’s “surprise termination” of Fed programs. “prematurely & unnecessarily tie hands of incoming administration, closes

As international capital flows shifted from banks to bond-based model in wake of 1980s crises, the number of restructurings has fallen sharply. @RobinWigg ft.com/content/35c58b… https://t.co/IhXP0DATew

China’s stimulus in 2020 and 2009 are quite similar in scale but GDP has more than doubled -> proportional impact is far less. Also far

14 million American households have little or no confidence that they will be able to make next month’s rent. bloomberg.com/news/articles/… https://t.co/0sKAFbokgn

The pressure on EM/Low-income/Frontier borrowers is not as intense as it was in March, but it remains severely elevated. @RobinWigg ft.com/content/35c58b… https://t.co/XUkpJp2yvy

The Return of Nature: Socialism and Ecology, by John Bellamy Foster, published May 2020 begins with the deaths of Darwin (1882) and Marx (1883) and

Zambia’s 2024 bonds: At the height of the copper boom and QE-driven yield-chasing in frontier markets they traded at a premium. No longer! ft.com/content/35c58b… https://t.co/PZdshsspFR

Favorability rating of the EU in eyes of Brits has reached a 15-year high! @pewresearch via @SoberLook https://t.co/oEybVAyfFj

Fossil fuels meet roughly 80% of world’s primary energy demand, but are responsible for only 60% of its useful energy -> 20% of world’s primary

In 2020 so far Ecuador, Lebanon, Belize, Suriname, Argentina and Zambia have defaulted v. Only 3 sov defaults after 2008. Could be more to come.

Out Saturday: Chartbook Newsletter #3 will highlight 2 key topics in today’s political economy (1) Central banks & fiscal policy, EU & US. (2) The

There is considerable room for argument about comparability of UK gov spending figures in the 2020 crisis. Less so when it comes to the particularly

Can't be emphasized often enough that since the pre 2008 peak, exports of goods have made up a declining share of China’s GDP. Domestic growth

"the story of a mind finding itself, groping about for the theoretical scaffolding on which he would erect his thought." Sartre’s War Diaries. theguardian.com/books/2020/nov… https://t.co/rQiFJ6XFuS

Prospect of losing President Trump has crushed GOP consumer confidence. Meanwhile Dems are as gloomy as ever. @MorningConsult via @SoberLook https://t.co/3cP0zf6F85

@tom_nuttall thanks. Sorry for delayed tweet!

Regular (state) unemployment benefits are running out for many Americans who have been out of work for a while. They are relying on the emergency

Even for states Trump won, Democrats trust the results more than Republicans @MorningConsult morningconsult.com/form/tracking-… https://t.co/7mab1q5XMa

2020 is far from being the first US election with a legitimacy issue. A large minority of Republicans have doubted every election since the 1990s.

As the pandemic surges in Europe, the outlook for GDP growth in Q4 2020 has crashed. Highlights from Chartbook #2. Sign up for the new