The original managers of the Soviet-era Azovstal plant in Mariupol which is now the final battlefield of the siege. An astonishing Abebook find this morning
@AGoutsmedt @ChrisGiles_ Thank you! Good idea to go back to that.
RT @hehemantgang: @adam_tooze Absolutely mind boggling piece of journalism mate Cheers
@hehemantgang Crazy isn’t it …. Been a bit of a delirious morning %)
Staying with the trouble. Chartbook #113 takes lessons from Donna Haraway for thinking about the global dollar system. dukeupress.edu/staying-with-t… adamtooze.substack.com/p/chartbook-11… H/t @CecPhil https://t.co/15XZ9KKiRJ
Azovstal: This morning I simply could not get Mariupol out of my head. So I did Chartbook #114. A short history of a post-Soviet industrial
RT @CecPhil: This is why I read @adam_tooze "A realistic analysis needs to resist the temptation to escape into the future and instead to s…
RT @hhebig: More on Azovstal by @adam_tooze: adamtooze.substack.com/p/chartbook-11…
@rickperlstein @ChrisGiles_ THANK you! Brains are cheap and tasty I guess ….
In 1933 the same engineers that built legendary Soviet steel works Magnitogorsk – as in Kotkin’s Magnetic Mountain – finished the original Azovstal steel plant,
HUGE discrepancy btw US and EU gas prices. You would think there was a way of arbitraging that. There is! LNG. Problem is it takes
“The future for US LNG is off the charts”, CEO Freeport LNG. Exports to Europe surging. ft.com/content/6275bd… https://t.co/gVnvltA2LO
This 1973 march in New York against food prices has provided historians and journalists with all-purposes images for 1970s inflation fear for some time nowd.
Brookings-FT Tracking Index for the Global Economic Recovery, comparing indicators of real activity, financial markets and confidence with their historical averages showed marked loss of
@Doekes @i_aldasoro Agreed. But hedging costs are the issue commonly cited in market commentary.
In Chartbook #113 I raise issue of decline in Jp demand for USTR as result of hedging costs due to yen/$ deval. Huge problem for
As Fed raises i.r. unleashes pressure across world. EM/LIC feel it. Fx markets, yen/$ -> calculus of Jp investors in USTR. Will this lead to
@policytensor @stevehouf You are right. There is a goldilocks scenario one could develop here in which $-strengthening and Japanese pullback is synergistic. But there is
In the 2020 crisis the largest of dollar liquidity provided by Fed was taken by Bank of Japan, an indicator of its Japan’s importance in
If rather than speculating in Fin-Fiction mode about future currency systems, we stay with the troubles of the actually existing dollar system it is amazing
RT @Caro_LM: What about Greece? Charting a future beyond the debt crisis , by @adam_tooze and a jaw-dropping graph adamtooze.substack.com/p/chartbook-11……
As the Fed tightens, this generates tougher conditions for all borrowers hurting fragile low-income worst. adamtooze.substack.com/p/chartbook-10… It is also shifting the exchange rate of $
RT @DianeSwonk: “Might the uncoordinated stance of the Bank of Japan and the Fed by unleashing a severe yen devaluation slash Japanese dema…
Every moment of stress in the global financial system is a test of lines of interconnection and power. The most obvious example of this right
As the Fed raises rates the entire global dollar system comes under pressure. Some parts suffer collateral damage. But others may blow back on the
Unicorns can be found in 45 countries. Over 1,000 trot the globe; nearly half are outside America. The share of all vc flowing into American
The ruble is notionally back to pre-war levels v. $ Yen has devalued by 30% since 2021. Guess which one is attracting all the attention!
Can Yemen’s precarious ceasefire last? Of Yemen’s 30m people an estimated 377,000 have died from fighting, hunger and disease. The un says 17m go hungry.
RT @i_aldasoro: New @adam_tooze on the dollar system. adamtooze.substack.com/p/chartbook-11…
How booze bans – no beer no waste yeast extract – and water supply outages are threatening South Africa’s Marmite supply economist.com/middle-east-an… https://t.co/oQsog5lqBM
Whilst the future of ruble attracts all the attention, the yen has devalued by almost 30 % since 2021 v. $ virtually without comment. Chartbook
Metabolism, digested: On April 12th work started on demolishing Tokyo’s Nakagin Capsule Tower, following a long but ultimately futile battle to preserve it. economist.com/asia/an-ode-to… https://t.co/PLAB5wZeDo
The plunging yen and the dollar-system, Chartbook #113 just dropped. adamtooze.substack.com/p/chartbook-11…
When new Pakistani PM Shehbaz Sharif & his brother were last in power, they were instrumental in setting up the China-Pakistan Economic Corridor, a package
Latin America holds more 1/3 of world’s Catholics, but their numbers are shrinking. In 1995 80% of LatAm identified as Catholic. Today just 56% do.
“We have seen a substantial share of what used to be the social safety-net migrate from the public-expenditure side of the federal ledger to being
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