ADAM TOOZE

@dippoliti The virus and mutation is the thing to worry about. Every available shot needs to be in a body -> raising overall resistance. Everything else secondary.

“Are we at a paradigm shift? That’s what people are worried about, that history isn’t much of a guide for us now,” said Joyce Chang, chair of global research at JPMorgan. ft.com/content/1982fa… https://t.co/uB6cL5xoig

"The Gulf Stream system has weakened to its slowest pace in more than a thousand years, according to scientists, as global warming makes the powerful ocean current that controls much of the Atlantic Ocean slow down." ft.com/content/589d03… https://t.co/MrubWyxYes

Ahmed Zaki Yamani, legendary Saudi oil minister, 1930-2021 Pivotal figure in OPEC & formation of Saudi Aramco. Also wrote legislation in 1960 abolishing slavery in Saudi Arabia. ft.com/content/ee1aba… https://t.co/MnxPiG8xo9

With America's giant new stimulus package working its way through Congress the trans-atlantic gap in crisis response widens further. ft.com/content/21c4bd… The backdrop to Chartbook Newsletter #13 on the inadequacy of the EU response. adamtooze.substack.com/p/chartbook-ne… https://t.co/DvwpjTrDpt

210 ships passed within 50km of the coast of Israel and Lebanon from February 10 to February 12 and may have been source of horrible bunker fuel oil spill that is polluting their coasts. ft.com/content/8185d8… https://t.co/chsSDW883A

Representatives of Opec and western petroleum companies during talks in Vienna in 1973. Facing Yamani was a rude awakening for Western negotiators. ft.com/content/03a6b2… https://t.co/V3L8YphYbD

Folks are freaking out over yield surge but real yield has barely budged. Bad news is that for real yields to move like they did in 2013 would take an even bigger nominal shift that would really rattle the nerves. @RobinWigg ft.com/content/441ca3… https://t.co/RicFFeJ4jG

Whereas in the US “fiscal thrust” will add 1.8% to U.S. output this year. For the euro zone, it’ll subtract 0.1%. @BloombergQuint h/t @acemaxx For more on this huge transatlantic imbalance check out and sign up for Chartbook Newsletter #13 adamtooze.substack.com/p/chartbook-ne… https://t.co/8OklUkEf7e

RT @hoyer_kat: 150 years ago #OTD, indemnity payments for the Franco-Prussian war were set. 1200 chests filled with specially minted Goldma…

Return of the bond vigilantes: will inflation fears spoil the post-pandemic party? Or will CB intervention dominate? Nicely hedged this by @RobinWigg ft.com/content/542d61… https://t.co/ZxENMvQNl3

Interesting this from @BachmannRudi "Politicized economics was always wanted in Germany from the political side and in particular from conservative-liberals who needed ideological counterweight to "scientific" Marxism. Now the SPD wants it too, as debate about SVR shows." twitter.com/BachmannRudi/s…

RT @zeithistoriker: some light weekend reading @YaleBooks https://t.co/ky82ra2TiM

Whenever you see a chart showing a dramatic surge in commodity prices in 2021, pan out for the long view. This aint nothing compared to 2007-8! ft.com/content/441ca3… https://t.co/FEv5BycZjr

@weltbuch @Ole_Funke

Germany is failing to deliver shots which it has in stock. HUGE variation across states. Hamburg 34%. Saxony a barely believable 5%. @Ole_Funke twitter.com/Ole_Funke/stat…

In 1994 James Carville said he wanted to come back to life as the bond market because you could intimidate anybody. Well, we are not there yet in the bond market. And given cb intervention & prevailing macro trends it would be a “surprise” if we did. ft.com/content/542d61… https://t.co/gQBu3gqFhR

RT @pisaniferry: 84% des doses AstraZeneca livrées à la France sont encore au frigo ? Quasiment 1 million ? Il ne faut pas s’étonner que ce…

A few weeks ago President Macron declared to @AtlanticCouncil that he wanted to revived a “results-orientated multilateralism”. I had the chance to prod him about vaccines. Now we have the shambles of the AstraZeneca vaccine. What “result" is this? youtube.com/watch?v=J31lSk… https://t.co/MBqqO36dys

@Jayati1609 Even more grotesque if you simply don’t use them. Utterly shameful!

Germany has built up a stockpile of 1.75 m unused doses of AstraZeneca vaccine. In East German states delivery is as low as 5%. This is a grotesque misallocation of resources that are critically scarce at global level. Reallocate to low income countries NOW. https://t.co/OOP8eRM1ug

Unused vaccines are a crime. 95 % of the AstraZeneca vaccine delivered to German state of Saxony have not been used. Further deliveries should cease. Reallocation to low income countries NOW. https://t.co/8Ududd6qA1 https://t.co/T48cDYc9CU

France had administered 16% of 1.1m doses of AstraZeneca received. Germany, Italy 20%, Spain < 33%. Unless that rate rises all new supply should be reallocated to low income countries. We need to get shots in people’s arms. Unused shots = a crime. ft.com/content/767fdd… https://t.co/BlWeCxfyeY

RT @martin_anota: "D’autres solutions que l’annulation de la dette existent pour garantir un financement stable et pérenne" (@DanielaGabor,…

RT @heimbergecon: Potential output estimates follow actual GDP too closely – particularly striking in the €zone periphery! IMF potential ou…

RT @johnpaul_newman: Švejk is 100 years old! Czech newspaper includes a map of his many peregrinations, including his favourite Prague haun…

RT @DanielaGabor: good morning Ed Yardeni, no, we dont want our governments and central banks disciplined by bond vigilantes, because we al…

RT @heimbergecon: Yield curves for government bonds for the US vs. Germany. The curve is much steeper for the US, and yields on longer-te…

RT @HistoryNed: #GDR #OTD 1958 – The College of Fine Arts in Dresden, East Germany. https://t.co/Cbwpbpp1Lw

RT @MrEwanMorrison: This is so powerful. Believe it or not Brazilian artist Felipe Eckhardt was hired to make this artwork for the Salvatio…

RT @LeusderListicle: @adam_tooze Yes the only thing more frightening than the yawning output gap is the attitude of lordly nonchalance towa…

How vaccines crushed polio in the US in the mid 1950s and measles in Nigeria after 2005. economist.com/graphic-detail… https://t.co/f3AsZRcEVV

What do Germany and Mexico have in common? They make a lot of cars. They don’t make a lot of chips. twitter.com/rorygreen5/sta…

Edward Jenner’s cowpox vaccine was first used in 1796. London was not free of smallpox until 1900. economist.com/graphic-detail… https://t.co/iQRyafGtQD

RT @ritwik_priya: @darioperkins The territory is increasingly illegible. The map has been made legible by our system stabilisers. So we foc…

Only plausible options for German governments going forward: Yet another grand coalition Or, the unprecedented (at the national level) CDU-Green combination, which may nicely match the Zeitgeist. twitter.com/EuropeElects/s…