"Jamie Dimon, CEO of JPMorgan, has warned US lawmakers that capital requirements for large banks pose “a significant economic risk” that is curtailing their capacity to lend to homebuyers and other customers." Been at it since 2010. Never stops! ft.com/content/ff2891… https://t.co/X0o5bd7LxR
Well I guess you do have to admire the camera angle! ft.com/content/5b9411… https://t.co/UpiIZ9MD80
Whereas West Asia and South Asia are zones of crisis, Indonesia at heart of South East Asia seems in rude health! Fascinating long read this by @ft ft.com/content/f179df… https://t.co/xvbKuDdJnF
"Swifter action on rates by other central banks has intensified the pressure on BoE to step up the pace of monetary tightening v. inflation & to support pound." ft.com/content/7d1be1… Exemplifying the global tightening cycle highlighted in Chartbook #152 adamtooze.substack.com/p/chartbook-15… https://t.co/jN1Q2n7PXL
"This month, the Nigerian National Petroleum Company estimated that 400,000 barrels of oil were being stolen every day. Nigeria has an Opec quota of 1.8mn barrels but is only able to meet about 1.13mn," oil theft in Nigeria is a macroscopic phenomenon! ft.com/content/bc086f… https://t.co/rtDOTKhzc7
Of Nigeria's 210mn people, some 90mn have no access to electricity. About 20mn of Nigeria’s children are out of school. 40% of Nigerians live in absolute poverty, < $1.90 a day. In next decades Nigeria's population will overtake that of USA! @davidpilling ft.com/content/bc086f… https://t.co/rs58nUCta1
My parents drove a DAF in Germany in the 1970s. Variomatic gearbox was the attraction. Remarkable little car. twitter.com/addict_car/sta…
Bloomberg's global GDP tracker heads towards recessionary territory. h/t @DavidInglesTV pairs well with Chartbook #152 on the global recession risk from uncoordinated monetary/fiscal tightening. adamtooze.substack.com/p/chartbook-15… https://t.co/46E2IKwmBe
According to the IMF, Nigeria collected 6.3% of GDP in tax in 2020, the lowest in world. Far below the bare minimum the World Bank says is necessary for a functioning state. @davidpilling & this is THE demographic driver of 21st century! ft.com/content/bc086f… https://t.co/2sNvR4IaZ1
RT @daniel_dsj2110: Did not know that Frederick Douglass was a reader of Adam Smith (from Glory Liu's new book: press.princeton.edu/books/hardcove…) ht…
RT @sgtpepinho: Warum fragen jetzt alle einen Historiker nach der Zukunft? Ich hätte @adam_tooze auch gerne noch 3 Stunden länger zugehört,…
"before the financial crisis the ratio of interest and tax expenses to earnings before interest and taxes (EBIT) hovered around 45 per cent. Earlier this year this measure had slumped to just 26 per cent." Michael Smolyansky reviewed by @RobinWigg ft.com/content/9d029f… https://t.co/UnYXwtvraD
Warnings of a global recession from @RobinbrooksilF Pairs well with Chartbook #152 on the risks of a global recession from the dramatic tightening of monetary and fiscal policy. adamtooze.substack.com/p/chartbook-15… twitter.com/RobinBrooksIIF…
RT @AndrewPerpetua: 40cm of snow in the mountains of Ukraine. Winter is coming. https://t.co/1qEEGspigv
RT @meduza_en: "I want to admit my guilt. Guilt before the much-suffering people of Ukraine. Before the entire global community. My guilt t…
RT @k_sonin: When I was a kid, there was a joke that future historians would consider Leonid Brezhnev [Soviet leader at the time] as a mino…
RT @yarbatman: 1. West Asia is in a deep crisis. We don't usually think about diverse countries like Russia, Pakistan, and Lebanon as bein…
RT @NHC_Atlantic: Radar data from @NWS indicate that Hurricane #Fiona made landfall along the southwestern coast of Puerto Rico near Punta…
Hiking: Central banks everywhere are pushing rates up. This by @valentinaromei ft.com/content/3d7bfc… Pairs well with Chartbook #152 on the historic turn to disinflation in fiscal as well as monetary policy. adamtooze.substack.com/p/chartbook-15… https://t.co/2mxpgG52q6
RT @neurosocialself: ‘I improvise, and I decide, and I write many things without knowing where they’re going to lead me to. I’ve often sai…
RT @JeffreyKleintop: Q: What will happen if China stops buying US Treasuries? A: It already did–a decade ago. China has been a net seller…
RT @michaelxpettis: 1/5 Zhengzhou, Henan's provincial capital, will end hukou residency requirements in an attempt to stabilize the real es…
RT @DanielaGabor: I am claiming copyrights, JP Morgan. Zugzwang as an asset class, next stop.
@Katie04043518 Thanks for coming out to #FODI. They need to restock that minibar!
Since Jackson Hole inflation has been slow to calm down. Markets are now expecting rapid increase in rates until end of 2022. @valentinaromei ft.com/content/3d7bfc… Pairs well with Chartbook #152 on the historic pivot to deflation in macropolicy in 2022. adamtooze.substack.com/p/chartbook-15… https://t.co/qGegxCfPL7
Already clear that 2022 is going to go down in history as the moment of one of the most comprehensive macro policy pivots in history. Check out Chartbook Newsletter #152 on the sudden deflationary turn in monetary and fiscal policy and possible risks. adamtooze.substack.com/p/chartbook-15… https://t.co/vpuyPEcw7j
@policytensor @DanielaGabor Wages are prices. To talk about price instability as distinct from wage-price spirals makes no sense to me.
Back in 2020 we asked whether fiscal policy had broken free of shackles. Smart answer was always wait & see. After 2008 austerity backlash came in 2010. It is time to face it. 2022 is that moment for us, just under guise of inflation scare Chartbook #152 adamtooze.substack.com/p/chartbook-15… https://t.co/ZaIFacCJD1
RT @Paolo_Bernardi: Sunday great read. Another must read from @adam_tooze twitter.com/adam_tooze/sta… https://t.co/kBnTSnhAGb
RT @VolpeIsabelle: @adam_tooze problematises the question. Who is ‘we’? How do we diagnose the issues that matter? How do we come to consid…
RT @jmulich: This is such a good book. Not hard to imagine teaching a whole module around it. https://t.co/hfjkPWtK9L
Chartbook #152 just dropped: Coming off COVID, the inflation scare of 2021-2 has triggered the most dramatic simultaneous pivot in monetary and fiscal policy since the 1980s. We need to start talking about the risks! adamtooze.substack.com/p/chartbook-15…
RT @michaelxpettis: 1/5 According to Caixin a rising number of LGFVs are unable to redeem the commercial paper with which they paid suppli…
RT @michaelxpettis: 1/2 Adam Tooze puts it nicely: "The correlation between wages and prices should be definitional of a general inflation.…
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