ADAM TOOZE

What will bend, what will break? That is the question about the global financial system that I have been asking in this mini-series on Chartbook. The same question was taken up a week ago under

Occasionally you come across a statistical chart that casts a part of your personal history in a new light, data that places your inner life in a broader historical context. This happened to me this

A dictator’s embarrassment is generally a cause for celebration. But what if it also threatens a national tragedy and a bona fide global problem? Xi Jinping’s assertion of total personal control over the Chinese regime

A round up of reading and twitter threads I have fond useful to understand the stakes in the wave of protests around China triggered by news of the fire-deaths in Urumqi, Xijniang. For news and

Adam Tooze Nov 26 Cryptonaughts. “History is filled with almosts. With those who almost adventured, who almost achieved, but ultimately, for them it proved to be too much. Then, there are others. The ones who

Source: FT As the Fed drives interest rates upwards, the impact ripples through the world economy. For good reasons there has been a lot of focus on emerging market economies under pressure from a combination

Occasionally a number you come across just stops you in your tracks. This one did last week. A RAND study dated to 2018/9 found that Among (American) men aged 26 to 35 with less than

If there is one financial market that could put in doubt the stability of the entire global financial system it is the $23 trillion US Treasury market. Source: Fed Financial Stability Report The housing market

In this precarious moment – in the fourth quarter of 2022, two years into the recovery from COVID – of all the forces driving towards an abrupt and disruptive global slowdown, by far the largest

As interest rates are driven up to counter inflation, as geopolitical tensions rise and commodity prices grind against each other, the world economy is in a labile place. Under this kind of pressure, what bends,

South African coal Ahead of COP27 the most interesting climate/energy read was David Pilling’s remarkable FT report on the difficulties in implementing the decarbonization agenda at South Africa’s ESKOM, one of the most touted schemes

For the last twenty years the German economy has thrived on globalization. Now that formula seems under pressure from many sides. Close trading and investment relations with China are yet another facet of the “German