ADAM TOOZE

Over past 2 decades, pension funds have been encouraged by the regulator to adopt so-called liability-driven investment (LDI) strategies. Did regulators/BofE work through systemic implications? ft.com/content/cf9ef1… Pairs with Chartbook Newsletter #157 adamtooze.substack.com/p/chartbook-15…

"South Africa’s Eskom is struggling to complete refurbishment of its flagship nuclear facility, raising doubts about its future and threatening even worse energy blackouts in the continent’s most industrialised country." ft.com/content/4cbaf0…

The Japanese exception. @FT Unhedged @rbrtrmstrng @EthanYWu get together with @M_C_Klein with predictably brilliant and illuminating results. ft.com/content/6073ee… https://t.co/TpsCvmQxS7

RT @NatalieAmiri: Jetzt beginnen Schülerinnen im #Iran an den Protesten teilzunehmen. Die Schülerinnen haben sich vor der Schule ihre Kopft…

Come now … WAY too skillful and premeditated for this to be the UK government. twitter.com/Number10cat/st…

And also, apparently, a new discipline of paleo-chic …. oblique miniskirts go all the way back! twitter.com/NobelPrize/sta…

RT @maasalan: Amazed that we are in the midst of potentially the first female led revolution of modern times, and so many of you are sleepi…

"More than 86 per cent of Moderna’s jabs have been delivered to high-income countries, compared with 74 per cent for BioNTech/Pfizer, 63 per cent for Johnson & Johnson and 19 per cent for AstraZeneca." Financed & enabled by US gov! ft.com/content/a481c1…

RT @BBCYaldaHakim: Afghan women have been protesting in several cities across the country following an attack on an education centre in Kab…

RT @stephensemler: With the passage of today’s bill, the US has now spent $49 billion on military aid for Ukraine since Russia’s invasion:…

RT @heimbergecon: 🇮🇹PM Mario Draghi after Germany's announcement of its €200 billion energy aid package: "faced with the common threats of…

Germany did a 5% of GDP energy package last week and the one thing we no for sure is that not everyone in Europe can follow suit. Been warning about this for a month. What is Berlin THINKING? Why no European strategy? twitter.com/darioperkins/s…

Global oil political economy getting increasingly indeterminate: War risk US-Saudi-Russia diplomacy China econ risk Price cap Insurance ban Capacity shortages Whats the betting on the price by the end of the year? ft.com/content/bee3f1…

Our World: "An astonishing global burden was laid on the mostly elderly residents of rural Japan by the head of the International Energy Agency" ft.com/content/bce753… https://t.co/Y9aD11baXL

RT @WSWS_Updates: On September 20, 2022, Uganda’s health authorities declared an outbreak of Ebola after confirmation of the disease in a y…

Our world: "Cold weather warning adds to Europe’s gloom as it battles energy crisis Less wind and rain could hit renewable power as continent seeks to wean itself off Russian gas" Weather has become a vital macroscopic concern. ft.com/content/918c60…

RT @LalehKhalili: Ok, this is one of the most moving things that has happened to me. A lovely human, @vanveeelen, read Sinews and was struc…

@TinaFordham1 @policytensor Oh I know. Folks find this definition too narrow. But I think you seriously underestimate the violent radicalism of both Mussolini and Hitler's regime if you take the more capacious line. You end up with a definition of fascism that = mass authoritarianism. Misses the point.

@TinaFordham1 @policytensor I guess I would classify it as an authoritarian, conservative regime with arms-length relationship to Italian fascism and Nazism.

Brit MPs are to probe UK pensions regulator over its role in supervising thousands of pension plans that were this week left teetering on the edge of default destabilizing gilt market & ROW ft.com/content/cf9ef1… Pairs well with Chartbook Newsletter #57 adamtooze.substack.com/p/chartbook-15…

RT @Ruth_HHopkins: Sacheen Littlefeather has passed away. While people remember her for her acceptance speech on behalf of Marlon Brando, K…

"Not all market interventions are bailouts and not all bailouts are bad" @dsquareddigest in @FTAlphaville ft.com/content/713158… Offers a nice foil to Chartbook newsletter #157 on the Sep 2022 bond market massacre adamtooze.substack.com/p/chartbook-15…

RT @hugorifkind: "This has become a distraction and I would like to move on and talk about growth." https://t.co/bQI4VDTAMv

RT @Jmhaas: @adam_tooze on a roll "The policy of asset purchases may look like expansionary macroeconomic policy – a resumption of QE or a…

Since mention of "fascism" seems to cloud people's ability to read. #2 There are 21st-century regimes with 20th-century historical trappings that are very horrible and insisting that they are not fascist takes nothing away from their odiousness. It just avoids confusion. twitter.com/adam_tooze/sta…

Since the mention of the word "fascism" seems to compromise people's ability to read. #1 My tweet below does not define the phenomenon of fascism its racism etc but refers to the "essential frame" i.e. the context and frame of reference of the historic movements. twitter.com/adam_tooze/sta…

Dawid Konotey-Ahulu was part of Merrill Lynch team that in 2003 developed LDI in a bid to “immunise” defined-benefit pension schemes against large movements in rates ft.com/content/3d0fcf… Pairs well with Chartbook #157 on Sep 2022 bond market massacre adamtooze.substack.com/p/chartbook-15…

Germany's 200bn euro plan "announced on eve of EU energy meeting that was meant to forge a common approach, antagonised member states that lack Germany’s deep pockets." It was clear that this was an issue a month ago! Wth has the europe brief in Berlin? ft.com/content/574a5f…

"The move is a crushing blow to the authority of PM& chancellor, who misread the mood of their party & country & believed they could push through tax cuts for the rich during a cost of living crisis." And thats just @FT regular reporting. Not editorial! ft.com/content/29ebdd…

Agree with @policytensor on this and would add: #1 essential frame for historic fascism = experience of total war. #2 actual class & revolutionary threat. Neither is present in 2022. twitter.com/policytensor/s…

RT @policytensor: Central to fascism was the totalizing identity: state=people=nation=race. However monstrous, it was a coherent "narrative…

How the UK bond market massacre went global. Chartbook newsletter #157 on global bond market contagion just dropped. adamtooze.substack.com/p/chartbook-15… https://t.co/7qH9QQ2dbu

RT @Aras_Nathan: An der Sharif Universität schießen Milizen gerade massenweise auf Studenten. https://t.co/JyCjgkipPl

RT @AntonStruve: Les étudiantes et étudiants de l'Université Sharif à Téhéran ont été assiégés par les forces armées. Ils se font tirer des…

EVERYONE should be retweeting and amplifying this. There is a massacre going on in Sharif University in Iran. twitter.com/AlinejadMasih/…

RT @RALee85: Russian pages are sounding the alarm about Kherson. One says Russian forces have fallen back to Dudchany, another says the sit…