ADAM TOOZE

As lower income New Yorkers drop out of tax system due to heavy unemployment -> average tax withheld per tax payer has gone up by

SNAP food stamps and Cash Assistance program help the worst off New Yorker cope. Mar-sep 2020. SNAP enrollment rose by over 220k recipients to a

COVID-19 cost hit to NYC totals c. $4.9bn so far. $2bn are for hotels for homeless and food. $742m for PPE. $149m for ventilators. comptroller.nyc.gov/newsroom/new-y…

NYC is facing a public transport crisis: MTA ridership has not rebounded enough -> $1.3 billion in service reductions and cut their workforce by 9,367.

1/3 of NYC workers continue to work from home. V. 1/4 of Americans nationwide. comptroller.nyc.gov/newsroom/new-y… https://t.co/YF7CZw11T3

In May, at peak of corona shock, the unemployment rate amongst Asian and Latino NYC workers was twice that for white workers. comptroller.nyc.gov/newsroom/new-y… https://t.co/JmkAYLpFhd

Biden victory -> greater optimism about a fiscal deal for states and cities. But if fed aid relieves the same portion of these gaps as

Occupancy figures for NYC hotels understate the savage hit to hospitality sector because they are based on hotels that have stayed open. Hit to sales

Unemployment rate in NYC is currently 13.2% up from 3.6% yoy = loss of 570k jobs. 553k in private sector. labor.ny.gov/stats/pressrel… https://t.co/zUz4jEz7BP

“Demand-side reform”: Great thread from @michaelxpettis on a debate to follow in Beijing this month! twitter.com/michaelxpettis…

Im still hung up on the fact that when you look past the political narrative about “stimulus packages”, the fiscal impulse for US in 2020

"We now know that total decarbonisation is technically feasible at very low cost.” Transition is an investment in a better future even if you do

@AugustRemarque @Noahpinion S, totally open to idea that statistical constructs someone like me reads from outside give a simplified view of a chaotic, complex reality.

@AugustRemarque @Noahpinion Hi. Thanks for your engagement. I will be FIRST to agree that I am not China expert. Just someone trying to make sense

On Friday last carbon allowances in Europe’s Emissions Trading System smashed 31 Euros. Prices expected to stay above 30 throughout 2021. Data from: @BloombergNEF https://t.co/x9ZIsvy3FX

RT @andypeaps: Excellent summary of @WSJ and @TheEconomist contrasting takes on the Chinese economy @adam_tooze adamtooze.substack.com/p/chartbook-ne…

Russia starts creating commercial fleet of 10,000 ton autonomous vessels offshore-energy.biz/russia-starts-… https://t.co/WLz0yV0S7E

Thank you @Noahpinion thank you! I should emphasize that what I am doing here is no more than laying out the contrasting perspectives of @Lingling_Wei

@KevinPGallagher @FT Hi Kevin. Great. And you are totally right. I should have formulated my first tweets along the lines of: “Fascinating data, about which

@StephenPaduano @lajohnstondr @MacaesBruno @FT I agree that this is the basic issue. Inserting a data set that is intended to do one job into a

@sciencecohen No. THANK YOU. Its a really great piece. By some margin the best out there h/t @70sBachchan Im trying to write a brief chapter

@andrewbatson @MacaesBruno @FT Hi Andrew Im seeing a 300 point surge btw what looks like 2017 and 2019. Bit hard to tell because of the

@andrewbatson @MacaesBruno @FT Great points. But if one generalizes from BU data, which may not be fair to BU, we would be looking at a

RT @KevinPGallagher: @adam_tooze @FT Thanks Adam. Will will post a quick blog post and tweet it in order to clear up the confusion and mis…

RT @JonnyGeller: With much sadness, I must announce the passing of one the world’s great writers – John le Carré. curtisbrown.co.uk/news/a-stateme……

RT @ColinJMcAuliffe: @ShazCoder @BuddyYakov Hilferding's response to a public works proposal in the 20s was basically laissez faire but for…

@KevinPGallagher This didnt seem like a tweet, so much as quite a serious set of worries. Non? With the key issue being, what is it

@KevinPGallagher Ok. Will take down. Sorry. Need to work this through more.

@KevinPGallagher Hi Kevin so the crucial issue here is whether the lending of those two banks is a good “indicator of overall Chinese foreign lending”

18.7% v. 10 % Those are fiscal deficits that IMF expect in US and EU for 2020. The gap for fiscal impulse (i.e. change in

@Eaterofsun @Jonthn_Wheatley @JKynge @jamescrabtree @Lingling_Wei @michaelxpettis @TheEconomist @DSORennie @domziegler @jarmiles @s1moncox @S_Rabinovitch @studersc @TedPlafker @donweinland Ive updated the post! MANY thanks. I was hoping someone

New Chartbook Newsletter #9 contrasting the takes on Chinese State Capitalism by @WSJ and @TheEconomist is, I discover thanks to @Eaterofsun a homage to the

@Eaterofsun @Jonthn_Wheatley @JKynge @jamescrabtree @Lingling_Wei @michaelxpettis @TheEconomist @DSORennie @domziegler @jarmiles @s1moncox @S_Rabinovitch @studersc @TedPlafker @donweinland Thank you. I worked off the folks who did the

RT @Eaterofsun: @adam_tooze @Jonthn_Wheatley @JKynge @jamescrabtree @Lingling_Wei @michaelxpettis @TheEconomist @DSORennie @domziegler @jar…

RT @ziadramley: Why did nobody tell me @adam_tooze’s newsletter is so good? adamtooze.substack.com/p/chartbook-ne…