ADAM TOOZE

The US fiscal response to the 2020 crisis is closer in scale to fiscal effort in WWII than the 2008 shock. Data from @jasonfurman talk

"Harold Garfinkel, had been an accountant and he put to good use the powerful ways in which humans constantly “account” for situations in which they

RT @ianbremmer: Recovery for me, but not for thee. (ht @adam_tooze) https://t.co/2r7Kv3FScw

Debt/GDP is a problematic comparison of a stock and a flow. What if we cashed out GDP as a stock? NPV of U.S. GDP is

“The rise of the renminbi as a reserve currency is not a sprint, it’s a marathon,” Mr Castelli UBS Asset management. Since 2015, internationalization has

Despite talk of uncoupling, “Cold War” etc, the relative inaction of PBoC in 2020 crisis, growing interest rate spread, fading memories of 2015 devaluation &

With US demand for autos recovering fast, the trade deficit with Mexico has blown out to historic levels. @SoberLook https://t.co/ARaftfipTB

Foreign interests in China’s mainland bond market has surged. But market lacks a deep liquid benchmark yield curve, limited repo and derivative options, and uncertain

The rate of sovereign downgrades in the spring of 2020 was unprecedented. We are now back down to the normal level of the period since

RT @UrbanFoxxxx: The Texas Towers — radar facilities off the eastern seaboard of the United States, in operation from 1958 to 1963. Tower 4…

In August 2020, nearly 27% fewer people were employed in jobs paying less than $16 an hour than in Feb 2020. That is a QUARTER!

EM governments, corporations and banks face a wall of debt redemption in 2021-22 warns @IIF ft.com/content/0582e4… https://t.co/XmMmI9is19

RT @steven_seegel: For @NewBooksNetwork and @NewBooksRussia, I interviewed Brandon Schechter (NYU-Shanghai) about his innovative *The Stuff…

RT @PewReligion: 35% of Americans believe that there is a lesson for humans to learn from the coronavirus outbreak, and that it was sent by…

RT @RobbieGramer: State Department issues a sweeping statement on "upcoming elections in Africa," doesn't clarify which of the continent's…

‘First fight the war, then figure out how to pay for it,’ warns Carmen Reinhart. Borrow to fight economic impact of pandemic, says @WorldBank Chief

RT @nhatassi: My uncle Jamal writing in the Damascus countryside, 1966. https://t.co/f4vYA7u3mV

The corona crisis is an inequality shock. For holders of College degrees the American jobs crisis is largely over. For those with less than high

Building “situations of strength” around the world was a core strategic concept of Harry Truman’s Secretary of State Dean Acheson. Apparently many influential folks in

Fed estimates that in June 2020 top 10% of U.S. households hold 69% of wealth ($77.3 trn), up from 60.9% share 1989. Gain mainly due

The labour market recovery in the US has left 12 percent of Black and Hispanic women without the jobs they had in February. wsj.com/articles/the-c… https://t.co/H53lRE6NNJ

The Millennial generation, born between 1981 and 1996, control just 4.6% of U.S. wealth even though they are the largest in the workforce with 72

10% of Americans hold more than 88% of shares. The top 1 % own 50%. bloomberg.com/news/articles/… https://t.co/sYBIO0TrZe

Since 2000 intensive cropping and reforestation has significantly increased foliage and tree cover in India and China. @NASA Sattelites pick up a counter-intuitive trend. nasa.gov/feature/ames/h…

According to latest data, the 50 richest people in the US, are worth almost $2 trillion, according to the Bloomberg Billionaires Index, up $339 billion

Time to die: cancellation of film releases is obviously devastating for cinemas. But this @FT explainer is excellent on why it is so damaging to

"An industry economist estimates more than 1 m hogs & pigs have been euthanized this year in US. Iowa has paid more than $3 m

This looks interesting: Democratizing Our Data A Manifesto By Julia Lane A wake-up call for America to create a new framework for democratizing data. mitpress.mit.edu/books/democrat…

Alarming report on lax FDA supervision of clinical trials by @ScienceMagazine despite rising budget. science.sciencemag.org/content/370/65… https://t.co/LqFzsQ07lx

In 2020 the number of Americans in poverty was lower than in 2019. Over 13 million more people would have been in poverty without unemployment

The impact of corona shock on global GDP on day by day basis estimated by @GoldmanSachs from lockdown index. Via @SoberLook thedailyshot.com/2020/10/07/us-… https://t.co/Ey16uyY940

China heads four of the 15 UN* and UN-affiliated agencies or groups that collectively function as the machinery of the UN system. “The fault is

RT @CalibreObscura: A recent image of a gun shop in #Idlib. Lots of weapons can be seen, including AK-74, AK-74M/AK-103, AKM/S, PSL, Star…

RT @engineers_feed: This day on October 8, 1871, flames spark in the Chicago, igniting a two-day blaze that kills between 200 and 300 peopl…

US and Uk households have accumulated substantial volume of “excess” savings during 2020 shock. Via @SoberLook https://t.co/trAomoKkGU

RT @EricTopol: And today @nature weighed on this in with a feature nature.com/articles/d4158… by @jefftollef https://t.co/Brzb1jLHaT