ADAM TOOZE

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Global capitalism has 3 big asset classes Equities – $109trn Debt securities public/private – $123trn Real estate = c. $326

November 13, 2022

Global capitalism has 3 big asset classes
Equities – $109trn
Debt securities public/private – $123trn
Real estate = c. $326 trn of which $258trn residential.
Chartbook #171 on the risk of a ramifying global housing crash triggered by i.r. shock.
adamtooze.substack.com/p/chartbook-17… https://t.co/JNxc2dDP52

@DanielaGabor @DavidBeckworth @NathanTankus @George_J_Hall Thanks for laying out the weekend's work ;)

April 1, 2023

@DanielaGabor @DavidBeckworth @NathanTankus @George_J_Hall Thanks for laying out the weekend's work 😉

@wgoggin @JWMason1 @tomashirstecon @M_C_Klein @DanielaGabor @DavidBeckworth The entire idea of "fiscal space" is a conventional construct. By convention if the

March 31, 2023

@wgoggin @JWMason1 @tomashirstecon @M_C_Klein @DanielaGabor @DavidBeckworth The entire idea of "fiscal space" is a conventional construct. By convention if the debt to gdp ratio goes

@IronEconomist @M_C_Klein @JWMason1 @tomashirstecon @DanielaGabor @DavidBeckworth Which is what I meant when I said "shock to the price LEVEL" …

March 31, 2023

@IronEconomist @M_C_Klein @JWMason1 @tomashirstecon @DanielaGabor @DavidBeckworth Which is what I meant when I said "shock to the price LEVEL" … phew. glad we agree on