ADAM TOOZE

@twittwoods @Noahpinion Yeah the tight rope certainly evokes Harrod.

@Noahpinion @_John_Handel @dandrezner Indeed you could go Barry Eichengreen and argue that precisely because we avoided Depression we were also trapped in a hall of

@Noahpinion @_John_Handel And in a sense I already debated this with @dandrezner and his claim that 2008 and after showed that "the system worked". As

@Noahpinion Yeah. Which is why Im broadly aligned with the German Greens who seems to me to articulate this kind of smart, ecological modernization strategy

@Noahpinion @MartyManley Plus you believe, I think, in positive messaging as a politics of solutionism. Keynes was into that too, up to a point. But

@Noahpinion Whereas my position is Keynesian i.e. there are plenty of bad "equilibria" – or muddles as he quaintly called them – with no tendency

What should we make of fact that SEC comment letters asking for more info on corporate filings have fallen by 60% since 2009? Is this

@MonaAli_NY_US Whereas @RoitmanJanet seems committed to the idea that crisis is itself a naturalizing concept. I can see usages that would be naturalizing, but I

@Noahpinion Yeah that is where we REALLY do differ. I guess one might say that you believe in equilibrium path with high stability. I really

Still digesting @Noahpinion "Against polycrisis", but immediate reaction is: I don't get it. I agree with most of this. This is why I described our

"SEC said earlier this year that it would use its filing review process to demand more info about how the war in Ukraine was affecting

SUPER interesting "Regulator demands more details of inflation impact on US companies. SEC concerned that some financial reports gloss over effect of rising prices on

"The campaign to increase defense spending is the only congressional bipartisan effort in recent years." Of 900 amendments to the National Defense Authorization act only

Market thinks that 16-point plan from the PBOC and the China Banking and Insurance Regulatory Commission signal relief that real estate sector desperately needs. ft.com/content/82b7db…

Amazing story of pre-2008 legacy mortgages denominated in Swiss Francs that still haunt Polish banks. Kudos @RaphaelMinder ft.com/content/19235a… Things that break when you get big

THE GREAT MORTGAGING: HOUSING FINANCE, CRISES, AND BUSINESS CYCLES, Jorda et al nber.org/system/files/w… Will history repeat in a 2022/23 global housing shock? Chartbook #171 adamtooze.substack.com/p/chartbook-17…

With Saudi/China resisting calls to pay loss & damages invoking 1990s classification as dev countries, Germany’s climate envoy Morgan said “system developed in 1992 can’t

"more than 600 fossil fuel lobbyists were registered for COP27 up 25%. UAE, the petrostate that will host COP28, had the most of any country

COP27 is 1st to invite oil and gas companies to participate in the official programme of events & Egypt's Saudi patrons given platform to announce

He now fears a perfect storm for Poland’s wider economy. “A banking crisis (triggered by swiss franc appreciation) plus an energy crisis and the geopolitical

@ClaveroBorja You are right, but it werent me … Its Savills Research wot did it I never invoked that horrible bit of the graph. If

"expansions in credit supply, operating primarily through household demand, have been an important driver of business cycles." Mian and Sufi on why credit matters pubs.aeaweb.org/doi/pdf/10.125…

@CSpechtl @jaypalter @Noahpinion Its framed 'Inadequately" by net zero policy on right-hand side, as opposed to being a vector in its own right.

The divergence btw the employment in services/goods-production & spending on services/goods in US contains a lot of information about US economic development since 1959. brookings.edu/research/nine-…

Thanks for reupping the "from crisis pictures to crisis matrix"-piece, because that post points to an answer to some of the criticisms made of the

"Risk-sharing" demand of Southern Europeans is not just about banks/debt. It is also about refugees. Battle with NGOs is on terrain defined by reluctance of

Will the interest rate hike trigger a 2008-style mortgage finance crisis? Asks Chartbook #171 adamtooze.substack.com/p/chartbook-17… One reason it is unlikely to do so is the

"Migration is an unusual topic to find on foreign ministers’ agenda, but Italy’s new top diplomat has insisted that matter, which has recently soured relations

"The shambolic details of the crypto crisis shouldn’t distract us from the fact that this is monetary tightening working as intended." spot on @EthanYWu ft.com/content/e9d820…

"I never would have guessed in a zillion years that, with 8% inflation, the president’s party could manage a draw in a midterm election …

Chinese "lenders now have an as yet unspecified amount of time to cap the ratio of their outstanding property loans to total loans at big

Talk about "something breaking": turns out Polish banks still have 347,000 Swiss franc mortgages & other loans on balance sheets, worth SFr14.3bn ft.com/content/19235a… Pairs well

@CPGallagherNYC @RoitmanJanet What @RoitmanJanet essay allows us to see is that you can take polycrisis term itself as an instance of granularity & context generated

RT @TimFernholz: global panopticon update: @SpireGlobal can track ships that have turned off or spoofed their location beacons, which means…

"The ends of perpetual crisis" – this smart essay by @RoitmanJanet has been cited as though it were a knockdown critique of the term polycrisis.

RT @BWBStiftung: #Podcast-Empfehlung: Die #WillyBrandt Lecture "#Zeitenwende oder Polykrise? Das Modell Deutschland auf dem Prüfstand" von…