Adam ToozeFeb 28 642 The Western sanctions on the Russian financial system announced over the weekend are doing their work on Monday. As far as
RT @jason_corcoran: Monday February 28. Gazprom's transit of gas via Ukraine remains at a maximum level while war rages. Then again, prices…
RT @ntrickett16: @NoYardstick Issue is less restrictions and rather FX liquidity. If they can’t transact in USD via the central bank and co…
RT @ElisabethLindbg: Super interesting read in today’s Chartbook by @adam_tooze. Reminded my of a PhD thesis from a few years ago on the ea…
RT @jordanschnyc: Couldn't sleep after recording a show with @adam_tooze and @M_C_Klein last night open.spotify.com/episode/25vvnR…
RT @EricArt03124101: @ZoltanTokoli @adam_tooze @AnnPettifor Reminds me of the joke. If you have 12 sheep and one jumps the fence, how many…
@ZoltanTokoli @AnnPettifor Part of the calculus presumably. Will we still feel that way come the tremulous build up to the Fed’s March decision?
What was I saying earlier about the value of twitter … Read this short thread on Ukraine’s energy system and allow your mind to expand
@yorksranter @JoMicheII AMAZING thread … thank you so much. Such a cool materialist perspective and so timely. So this is really an energy war. You
RT @yorksranter: Just thought I'd kick this over to @adam_tooze and @JoMicheII for the idea of macro-corruption
@ZoltanTokoli @AnnPettifor Sure. But it is more significant when compounded by a general flight to safety in the dollar.
Great to have @michaelxpettis reading Russia in terms of the savings imbalance framework that he and @M_C_Klein deployed so productively for US-China- Germany. And macroeconomics
Especially @AnnPettifor if the $300bn miss is compounded by a global rush to dollars driven by geopolitical crisis. twitter.com/AnnPettifor/st…
RT @i_aldasoro: The new BIS QR is out!! Take a break from the appalling news cycle and check our article on “Non-bank lenders in the
RT @AFP: @AFPphoto #BREAKING Switzerland adopts same sanctions as EU against Russia: president https://t.co/ipb7WoYI8k
RT @anticartelhist: @njtmulder’s book on the history of economic sanctions is a must-read for our moment! We learn why sanctions became the…
RT @bradleyrsimpson: @BenjaminACoates @njtmulder @adam_tooze This is such an important book, and one of those rare works that speaks far be…
RT @financeplumber: @KimDriver11 @adam_tooze Or, the Central Bank of Russia can tender long-term repo/swap auctions to mitigate the interes…
RT @henryfarrell: @adam_tooze Not a SDN designation but a freeze, and there is a general license for energy.
RT @bruceestokes: #Ukraine to understand the impact of sanctions on the global financial system this is a must read Chartbook #89 Russia's…
@pseudoerasmus @heimbergecon I like this rendition.
RT @KeineWunder: Sehr interessant aus dem Chartbook von @adam_tooze adamtooze.substack.com/p/chartbook-89…… Eine Grafik von Zoltan Pozsar von der CS: Ru…
RT @BenjaminACoates: My review of the fantastic new book by @njtmulder in which I frantically rewrite the intro to keep up with current eve…
@samagreene @KimDriver11 Yeah … I only have an approximate grasp myself. But the basic idea is that those Russian assets are someone elses liability, matched
@RabinTofsla Sometimes more than others.
RT @KimDriver11: @adam_tooze Re any FX swaps In a default, banks can net off the exposure under the (eg) US$ & € notionals, limiting any
RT @fvhermann: @adam_tooze @ntrickett16 @M_C_Klein @michaelxpettis FRA-OIS traded up 10bps this morning if anybody needed any proof that #3…
@KimDriver11 Phew … thanks for confirming that that is the effect.
The Russian assets that appear in those European central bank statistics, as Pozsar has explained, don’t just sit idly in the accounts. They are on
RT @MGF91: “Even before the crisis became acute there was worry about how the Fed could square the domestic priority of price stability wit…
RT @ntrickett16: @adam_tooze @M_C_Klein @michaelxpettis Yeah, building on the work done by @CooleyOnEurasia and @HeathershawJ from Dictator…
RT @M_PaulMcNamara: Russia: one reason why RUB is holding is that foreigners can't sell securities in order to have rubles to change into d…
@ntrickett16 @M_C_Klein @michaelxpettis So a fourth reading would be oligarchic shadow economy
RT @DeItaone: *U.S. BANS TRANSACTIONS WITH RUSSIAN CENTRAL BANK
Did the US Treasury just prohibit all transaction of US persons with the Russian central bank, National Wealth Fund and Finance Ministry?
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