ADAM TOOZE

Steel tariffs v. tax cuts? For heavy steel-users like the auto industry costs of Trump’s tariffs significantly outw… https://t.co/zMdXWRfgog

"Wages are not yet weighing on corporate profit margins” @jpmorgan charts labour share and profits margins back to… https://t.co/xd3Q3PRcEm

Gaps btw current and future optimism are highly correlated with the shape of the yield curve and highly predictive… https://t.co/jpWckWNNh0

With the BoJ nowhere near its goal of 2% inflation its reaction to Monday’s panic about yield rise indicates that i… https://t.co/00Wx2TkDxq

"The Bank of Japan announced its first unlimited fixed-rate bond purchase operation since February after yields jum… https://t.co/JTZhTuryN8

All it took on Monday was a rumor about an upward tweak in BoJ monetary policy to send waves of anxiety through glo… https://t.co/IOD0W5bGAa

Respectable mobility courtesy of Mexico and South Korea: The new auto purchases of “subprime” customers tells you a… https://t.co/ycvANba5cq

Tonight on @tmbsfm w/ @_michaelbrooks! @MehrsaBaradaran of @UGASchoolofLaw, Mandela at 100 & modern apartheid, Chin… https://t.co/616JopeiIW

Trump may want to Americanize the limos on Park Avenue, but a 25 % tariff on imported cars will hit working-class A… https://t.co/dP9sDw0EdZ

"Using crops grown near Chicago to set prices for those grown near the Black Sea … can expose traders to discrepa… https://t.co/6GtThSpeUS

America’s "politics of low taxes, low social spending & high inequality is sustainable in democracy only with propa… https://t.co/xkT9XrEdze

Dalian Commodity Exchange in Liaoning Province is now the world’s biggest grain market by contract numbers.… https://t.co/AF68pJKpJA

Even close to peak of cycle US labour force participation rate is closer to that of Italy than to France let alone… https://t.co/SdeHDbdnGc

Shall we call it the Ritz-Carlton effect? The response of foreign investors to Saudi’s “reform” and “anti-corruptio… https://t.co/k8G9Ia1J11

@brentnyitray @Noahpinion Hi … do you have alternative figures for REAL wages? … i.e. deflated by prices? I’d be very interested.

VW is in the dock over dieselgate and the $25bn in fines and legal costs. It is being unfavorably compared to Sieme… https://t.co/Rjw1EPxnFh

"In some ways, this is a repeat of what we saw in 2015 …”. "Asian currencies are under pressure in response to the… https://t.co/1tqW7XNug5

“Having consciously disguised this part of September’s operations it would now be very difficult to explain the rea… https://t.co/rCUcDEF2tr

It was going to be such a good year: How Germany’s GDP forecasts moved up and then down as Eurozone slowed and Trum… https://t.co/woqMz6WGDe

Trouble ahead: inflation expectations in Turkey are no longer anchored by inflation target. It will take real pain… https://t.co/GDZqZUG7VR

Turns out that threatening a trade war creates a nice macroeconomic bow wave in the form of surging US exports. In… https://t.co/3OruDaRsLH

Construction has alarmingly high weight in Turkish investment. Reminiscent of pre-crisis Spain?… https://t.co/hwA5jOVrZf

That feeling when your op-ed on the contradictions of neoliberal competitiveness discourse is the warm up act for L… https://t.co/Uhze459HqT

"Corporate taxes were the last hope for the tax-cutting strategy. If even that doesn’t provide more than a small mo… https://t.co/0LvHNtnx2q

Turkey has low pre-tax gini, but a welfare/tax regime that performs only minimal redistribution -> net result is o… https://t.co/vWbCEsaAJl

Hard to repeat this too often: at top of cycle, with labour market participation relatively high, but inflation mod… https://t.co/Ds82Ogs3Am

How seriously should one take the convergence in income that appears to have happened in Erdogan’s Turkey? Serious… https://t.co/v39goIgJ5l

Male Merkel or Schäuble 2.0? how Olaf Scholz has become the most popular politician in Germany.… https://t.co/GxdTLsmH5I

How crack-cocaine spread across the cities of the US starting with LA/NYC in 1982 and reaching Ohio in early 1990s.… https://t.co/fDdqlZlzs4

It isn’t the flattening of yield curve per se that kills you, it is the search for yield in high-risk alternatives… https://t.co/7Zu06GtGJJ

How the crack-cocaine business destroyed a generation: The association btw gun possession, gun-murder and gun-suici… https://t.co/nLKNSyGbQp

If Pakistan is forced to apply for IMF assistance later this fall it could become a battle royale over the rational… https://t.co/p7ek1TWIhH