ADAM TOOZE

Simply the most astonishing Farm->Factory->Services transition in history. Carbon fuelled mechanization & urbanizat… https://twitter.com/i/web/status/1285962883277426688

I did a piece for @LRB on China-US tension and the latest crop of books, including @michaelxpettis @M_C_Klein… https://twitter.com/i/web/status/1285964302441156610

Our new issue is now online, featuring part one of ‘The Suitcase’, by Frances Stonor Saunders, another new Talking… https://twitter.com/i/web/status/1285909334728351749

COVID has hit many sectors of the New York economy hard. But the worst affected have not been the main drivers of g… https://twitter.com/i/web/status/1285962808673349632

@JanGold_ @michaelxpettis I agree. I find it a bizarre suggestion. All the more puzzling in that it seems to come f… https://twitter.com/i/web/status/1285962120211959809

NYC, NY, NJ, Ct are looking at a collective budget shortfall in 2021 of at least $28bn -> huge cuts to come. One fo… https://twitter.com/i/web/status/1285957775638421507

Not recovering: World Economics SMI shows US business still in contraction territory going into July 2020.… https://twitter.com/i/web/status/1285952749948014592

In < 3 months in 2020 income of average working household in UK has dropped 4.5%. During the financial crisis incom… https://twitter.com/i/web/status/1285947709019414528

Britain's budget deficit could exceed 370 billion pounds this year. In the ballpark of wartime borrowing. More than… https://twitter.com/i/web/status/1285942676051775493

After Sarkozy/Hollande it was argued that the European impasse presented an insuperable obstacle to building a new… https://twitter.com/i/web/status/1285936662481117185

As example of "chaos and violence" Trump is fighting against, Trump campaign ad uses photo from 2014 Ukraine protes… https://twitter.com/i/web/status/1285918212765503488

@hmeisler @MylesUdland some pretty good stuff from @Yelp on this. share of closed businesses that are calling it qu… https://twitter.com/i/web/status/1285932094926069761

"The probability of a euro break-up over coming 5 years embedded in European bond prices is currently 6.5%. Yet, e… https://twitter.com/i/web/status/1285932609718161408

“The decline in real yields and the bid for safe-haven assets, such as gold, is another troubling signal of uncerta… https://twitter.com/i/web/status/1285927576733650945

Government bond sales in the euro area look set to fall short of the ECB’s purchase plans and investor redemptions… https://twitter.com/i/web/status/1285922547100344321

@LukeGromen Great. Thanks. Got it.

@adam_tooze PBOs Zhou referenced the Bancor specifically in March 2009 in calling for a move away fr USD centric sy… https://twitter.com/i/web/status/1285914129379872770

This overview of balance of demand/supply in global bond markets starting is outstanding. In US Treasury market pen… https://twitter.com/i/web/status/1285917510131265537

Key corollary of the #euco deal: the shadow gambit of turning the ESM into a EZ Treasury (with a similar austeritar… https://twitter.com/i/web/status/1285894432018124800

Race to top: if Amazon/Wholefoods raises wages to $15 minimum -> notable impact on all its local competitors especi… https://twitter.com/i/web/status/1285912477096607744

@adam_tooze @Gavekal the Lord in all His wisdom not only placed on earth precisely the amount of gold that should a… https://twitter.com/i/web/status/1285899375240196096

Just by way of clarification: I posted this because I was completely surprised by it. Had no idea anyone was seriou… https://twitter.com/i/web/status/1285907644402864130

As fast and furiously as the world’s central banks are purchasing debt, there’s still about $1 trillion of sovereig… https://twitter.com/i/web/status/1285907449455587330

Between 1985 and 2018, art delivered annualized returns of 5.3%, according to Citi estimates. Contemporary painting… https://twitter.com/i/web/status/1285902410561589249

@LizAnnSonders @biancoresearch @federalreserve @USTreasury The Fed is the largest holder of MBS too. People think… https://twitter.com/i/web/status/1285182005521649664

With @federalreserve’s balance sheet expanding exponentially, Fed is now largest holder of @USTreasury securities (… https://twitter.com/i/web/status/1285160248932737026

IMO the FinTwit discussion about US Federal troops being deployed to US cities is leaving out the most important pa… https://twitter.com/i/web/status/1285622036971302919

Is China going to move from pegging v. Fx basket to pegging against gold? ?! “Having secured control over Hong Kon… https://twitter.com/i/web/status/1285897377371447299

“The bond part is no longer a good hedge for the equity part. Everything is very expensive, cash is not bringing an… https://twitter.com/i/web/status/1285893205846786048

Thoughts on China's Peoples' Congress system from two scholars at the PKU School of Marxism: "Carl Schmitt suggests… https://twitter.com/i/web/status/1285807311798145024

Liu Xiaoyuan’s recent book on Tibet has new Deng Xiaoping quote on violent reforms in Tibetan areas of Sichuan in 1… https://twitter.com/i/web/status/1285737470601187335

Liquidity provided by automated high frequency trading algorithms in inter dealer Treasury market collapsed in Marc… https://twitter.com/i/web/status/1285816848676724738

March 2020 saw the most dramatic re-pricing of assets in the last 30 years, as measured by volatility-adjusted pric… https://twitter.com/i/web/status/1285806780388265985

From trade deficit to surplus and back again, the 220 year history of the US goods trade balance (as % of GDP). The… https://twitter.com/i/web/status/1285801999082983424