Really enjoyed this conversation with @nlw who revealed himself as an “almost” historian. twitter.com/nlw/status/129…
RT @PhilippaSigl: ❗️Wenn Haushalte und Unternehmen sparen, muss der Staat Schulden aufnehmen, um die Wirtschaft am Laufen zu halten.❗️ htt…
RT @ParikPatelCFA: Good morning to everyone except for the guys at @KoyfinCharts who I hope have a GREAT morning for producing such a fanta…
What to make of correlation btw Trump’s approval rating & the value of the US dollar? @AndreasSteno argues that this follows from anticipation that Trump
Who buys Bunds? These stats on primary purchases from the Finanzagentur only confirm that we really don’t know who ends up holding them. CB barely
As the Turkish lira has weakened, the share of bank deposits held in foreign currency has come to match that held in local currency. @gauthiervillars
As it entered the COVID crisis, Brazil’s economic activity was 5% down on 2014 high. From the depths of the COVID-shock it has now rebounded
US High Yield CCC-and-lower-rated bonds, the junkiest of junk, currently have a default rate of 41.3%! And yet folks are still rummaging around for yield.
As the Turkish lira has weakened, the share of bank deposits held in foreign currency has come to match that held in local currency. @gauthiervillars
As it entered the COVID crisis, Brazil’s economic activity was 5% down on 2014 high. From the depths of the COVID-shock it has now rebounded
US High Yield CCC-and-lower-rated bonds, the junkiest of junk, currently have a default rate of 41.3%! And yet folks are still rummaging around for yield.
@jwdwerner @GavJacobson @jwassers @eosnos @chinabeat @mauracunningham @hofrench @JamesFallows This seems absolutely spot on! Great thread. Thanks for starting @GavJacobson
RT @DanielDenvir: I interviewed @yanisvaroufakis on the economic situation. Listen on @thedigradio. thedigradio.com/podcast/yanis-…
RT @bywirenews: Check out this new episode of @poltheoryother – @adam_tooze on why a Joe Biden’a presidency might serve to cohere an anti-C…
RT @carlquintanilla: To repeat: The top 10% of earners own 87% of all U.S. stocks. twitter.com/lizannsonders/…
RT @SashoTodorov1: @andymoody2 @LMBD1418 @adam_tooze ~~7 million horses were mobilized globally for WWII, and that isn't counting mules. Bo…
In light of the looming fiscal crisis in New York City & State this lecture by Kim Phillips-Fein on the politics of the 1970s fiscal
"Robot Subsidy: Payroll and related taxes have held steady over the past 40 years, but the effective tax rate on automation has fallen.” @WSJecon Data
The MV Wakashio was 11 days into a month-long voyage to Brazil when it hit a reef off Mauritius. Given the vastness of the Indian
EM suffered huge withdrawal of foreign funding in early 2020. Rather than tightening, cb responded to needs of domestic economy & cut rates. General outflow
Overfished: 30% of world’s fish stocks are dangerously overfished. Only <10% are in comfortably sustainable territory. unctad.org/en/Publication… https://t.co/7w81HO3kip
“The distance from analysis of accelerating capital accumulation & growing inequality to a theorization of class would seem to be a short one. So what
Retail investors in Asia have taken heavy losses since onset of COVID-crisis. Latest casualties, South Korean mop&pop investors who ploughed about Won8tn $6.8bn into Brazilian
Fear of ’75: NYC faces $9 bn deficit, high unemployment and the prospect of laying off 22,000 government workers if new revenue or savings aren’t
The US stock market is increasingly pricing in higher corporate taxes as the November elections approach. The underperformance of companies with the highest median tax
RT @Shahinvallee: bravo! twitter.com/RokhayaDiallo/…
Over coming years EU is set to issue a lot of new debt. But so far this has had no impact on credit rating. Moodys:
"The storyline for the COVID recession has gradually moved to an 8-week liquidity crunch, which was contained by huge intervention, and a sustained supply shock.”
"Mango’s, a tropical-themed nightclub in Orlando that boasts the city’s “sexiest beats”, was recently saved from Covid-19-induced bankruptcy by the Federal Reserve.” Main Street Lending
Some investors now think above-inflation Treasury yields is something they will wistfully tell their incredulous grandchildren about. 10 year forward rate for 10-year Treasuries has
If Margaret Thatcher was a British Rail locomotive which would she be? Was wondering how @GarethDennis was going to pull this off. Genius! Spot on.
Blitzkrieg Manqué Or A New Kind Of War? Interpreting The Allied Victory In The Normandy Campaign, 1944 – a piece I did back in 2017.
RT @Look_UpLondon: Visit the former home of JMW Turner, it's a wonderful small museum in Twickenham! Find out more here 👉 https://t.co/lJCl…
Best performing commodity in 2020? Gold and silver? How about lumber. Prices up 104% Despite being one of the world’s largest commodities by usage and
RT @rgpoulussen: #OTD in 1942. A Japanese bomb hitting the flight deck of the carrier USS Enterprise. The photographer lost his life while…
Gruesome film footage of Falaise gap brings home the grotesque juxtaposition of 19th-century and 20th-century warfare in th 1940s: Horse cadavers and abandoned Panthers. twitter.com/rgpoulussen/st…
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