ADAM TOOZE

RT @LalehKhalili: This is horrific. The destruction of subsea life, the anthropogenic earthquake, so a deathly institution can test out the…

2020: another year in which US military spending is greater than that of the next seven powers combined and one of those is Saudi and three others are members of NATO. thedailyshot.com/2021/06/16/ret… https://t.co/3qg2LUb5mc

Not only has 2021 seen a major rebound in oil, but the market’s enthusiasm for alternative energy has turned. How long will the narrative of the market-driven energy transition stand up? thedailyshot.com/2021/06/16/ret… https://t.co/aQKzHsBSWw

Not only has the Greek 5-year yield gone negative, but the 10-year spread over German Bunds is at an all-time low! thedailyshot.com/2021/06/16/ret… https://t.co/gPgUlv6FOl

Cañada Real, a 14 km informal settlement running along a drovers rode on the outskirts of Madrid. The largest shanty town in Europe with c. 8000 inhabitants. I did not know this place existed. en.wikipedia.org/wiki/Ca%C3%B1a… https://t.co/sV3x0dbLbd

Last year $435bn-worth of junk bonds were issued. As a result, the average high-yield borrower now has debt equivalent to an unprecedented six-and-a-half times their trailing 12 months’ gross operating profits, or EBITDA. Is a wave of defaults coming? economist.com/finance-and-ec… https://t.co/bwjWFIPAa9

Why buying stuff in the US is kinda hit or miss right now. thedailyshot.com/2021/06/16/ret… https://t.co/lDQoBiEbHy

A paradox? China has relaxed its hold on yuan at a time when CCP has sought to exert greater control more generally. But being in control does not mean nailing everything down. To better control credit, Beijing has chosen to allow currency to fluctuate. economist.com/finance-and-ec… https://t.co/5hDvPRLuF9

Prices for GPUs have risen so much that even geriatric graphics cards, such as amd’s rx580, have gained value. It was released in 2017 at a suggested price of $229, and is now listed at more than $700. economist.com/graphic-detail… https://t.co/24bsUDwfEL

Crypto-miners are probably to blame for the graphics-chip shortage Secondhand graphics-card prices move nearly in lockstep with those of Ethereum economist.com/graphic-detail… https://t.co/RnWD4x4zBF

India’s exports hit a plateau in 2011. They have bounced back from lows of 2020 to new highs but unclear whether this constitutes a new upward trend. thedailyshot.com/2021/06/16/ret… https://t.co/c5QURFFv6y

RT @jwdwerner: @adam_tooze This is excellent, thank you! In the “pushback” column, I think it needs to be added that a group of us active o…

RT @danhancox: There are so many wild parts of the story – like the time Isle of Dogs residents unleashed sheep at an LDDC meeting, or the…

RT @EricTopol: If we wanted to get the pandemic contained, we'd be doing a helluva lot more to help South America @OurWorldInData https://t…

@barros_bryce Thank you!

RT @barros_bryce: @adam_tooze's very comprehensive look at the evolution of China policy under the Biden Admin, chronologically. A definit…

This is fascinating on the blowback from Brazil’s leadership of UN intervention force in Port-au-Prince Haiti to the favelas of Rio and the militarization of government in Brazil. opiniojuris.org/2020/05/01/the… https://t.co/NX61MKVotq

Brazilian military have recently taken on a wide variety of new roles in government. Interestingly, in @mdiplo @anmexico links this to role that Brazilian army played in commanding UN intervention in Haiti 2004-17 where they were a de facto government. monde-diplomatique.fr/2021/06/VIGNA/… https://t.co/qlJYH4HxvU

There has been a lot of reporting recently on the militarization Brazilian politics under Bolsonaro. This by @anmexico for @mdiplo is the best I have read so far. Judges police to be bigger threat than military. monde-diplomatique.fr/2021/06/VIGNA/… https://t.co/3zAjb23Wdi

To get to net zero the world needs capital. The average cost of capital for a wind project in Indonesia is about four times that of one in Germany. Investors and politicians in rich countries claim to want to help, but they are not yet doing enough. economist.com/briefing/2021/… https://t.co/f6Ts24x6sN

If I read this correctly, 40% of the “cost” of a car in 2020 is made up of electronics. Can that be true? bloomberg.com/news/articles/… https://t.co/saazbdtygn

Enel, an Italian utility, is the largest foreign investor in green energy in emerging markets. economist.com/briefing/2021/… spglobal.com/marketintellig… https://t.co/cYYcSlBs51

America is split right now along partisan lines and those two camps also feel very differently about how the economy is going. And the GOP folks are still feeling pretty sick! thedailyshot.com/2021/06/18/inv… https://t.co/MUcmMLIfNc

EM and low-income countries saw just $150bn in clean-energy investment in 2020, down 8% from a year earlier. In 2019 India attracted just $8bn less than a tenth of China’s total and a sixth of America’s. To reach net zero there has to be a huge step up. economist.com/briefing/2021/… https://t.co/6Dt26mUQid

RT @70sBachchan: @adam_tooze 2020-21 are La Nina years. That means correlated climate disasters around the world. Drought in Brazil, Arge…

There REALLY should not be a conversation about accelerating inflation in the Eurozone. Core CPI is 1%! thedailyshot.com/2021/06/18/inv… https://t.co/0r6HhRh4Pe

When will copper overtake coal as a global commodity? economist.com/briefing/2021/… https://t.co/4hiW7tzzNa

After Erdogan’s undercutting of the Turkish central bank, the Turkish lira is now trading near record lows. thedailyshot.com/2021/06/18/inv… https://t.co/W4ky6dvV1R

When things get complicated my historian brain wants a timeline. In latest Chartbook newsletter #23 I try to pull together the last six months of US China policy. What was once principally an economic relationship, is now dominated by State, NSC, DoD. adamtooze.substack.com/p/chartbook-ne… https://t.co/LOfal7DSWN

RT @ZakiLaidi: Not surprising at all! The new administration made clear from day 1 that trade was not its priority! #Biden #USA #blinken ht…

Investment in new projects for lithium, nickel and copper were rising before the pandemic, but at less than $25bn the figure in 2019 was only about 5% of the amount invested on upstream oil and gas. economist.com/briefing/2021/… https://t.co/Tt8hxs7KVq

Oil is probing $75/bbl = remarkable bounce back. We cannot rely on the market. It will take concerted political action to make real the endgame for fossil fuels. thedailyshot.com/2021/06/18/inv… https://t.co/ehfAPR6Zc1

Wind turbines are "airliner-skyscraper-stick-insect hybrids" … GREAT writing in this @TheEconomist briefing on the material realities of renewable power. economist.com/briefing/2021/… https://t.co/3FPV5Qko9g

Grain prices have given up all their increases since the start of the year. thedailyshot.com/2021/06/18/inv… https://t.co/m8DyxPGRg6

How the news of the FOMC dot-plot affected the market for German Bunds. Yields jumped. thedailyshot.com/2021/06/17/mar… https://t.co/HQqANgw2cv

Fed putting 0.05% on reverse repo immediately popped private repo to above 0.05%. thedailyshot.com/2021/06/18/inv… https://t.co/YPymjzO6Ve