ADAM TOOZE

Washington and Beijing have reached a landmark agreement allowing US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would halt the threatened delisting of about 200 stocks that trade on Wall Street. ft.com/content/a9d18d… https://t.co/0rv7zrrJoz

"To help FT readers, we are launching an FT personal inflation calculator in September. To demonstrate what it can do, we are asking readers to volunteer to tell us about their household budget and how it has changed." Sign of the times! ft.com/content/a91bcc… https://t.co/nSMVRzrede

Heatwave and drought are leading in recent weeks to surge in coal-fired power generation in China. So far this year slowing growth had pulled coal consumption down. ft.com/content/e63d5a… For more on China on the tightrope see Chartbook #145 adamtooze.substack.com/p/chartbook-14… https://t.co/FpHcS6uez6

Good essay on Russian economic warfare v Ukraine ft.com/content/5835e6… Pairs well with Chartbook #146 on the economics of the Russia-Ukraine war. adamtooze.substack.com/p/chartbook-14… https://t.co/dfEM3Gp5b5

It is a symptom of how unhinged the UK energy crisis debate is becoming that people are talking about returning to coal! Nice take down by @FT ft.com/content/16c444… https://t.co/e2zVZhQ2wq

RT @heimbergecon: Zero evidence for a wage-price spiral in the €zone so far, as wage growth even slowed in the second quarter. But massive…

RT @WallStreetSilv: The worst flood ever in Pakistan happening right now. 33 mil people affected. 784% above normal rainfall. This video i…

Credit Suisse Group AG is reviewing the long-term plans for its business in mainland China as part of a broader strategy revamp after the lender racked up billions of dollars in losses. bloomberg.com/news/articles/… https://t.co/r4au1v0FGd

15,000 Greek phones are under government surveillance at any given time. Alex Clapp For a population of 10m that seems like a lot. It would scale to c. 500k in the US. How many are tapped in the US? nytimes.com/2022/08/22/opi…

RT @WarintheFuture: An excellent long read from ⁦@adam_tooze⁩ – Chartbook #146 The Russia-Ukraine War At Six Months: symbolic anniversary o…

RT @zeithistoriker: In the 1990s, Disney planned a theme park near DC featuring a molten steel rollercoaster called The Industrial Revoluti…

With more than 600,000 workers, Tata Consultancy Services is among the world’s biggest private sector employers, behind Volkswagen with 673,000 employees but ahead of logistics group UPS with 534,000. ft.com/content/6fdcc5…

The US oil and gas sector experienced a productivity boom over the past decade but without a corresponding surge in profitability. libertystreeteconomics.newyorkfed.org/2022/08/the-di… https://t.co/zysGCWBiiL

South Africa’s unemployment rate appears to have peaked. thedailyshot.com/2022/08/24/ser… https://t.co/46HhesopeE

Investors are worried that the juggernaut of Indian industry that is IT outsourcing is slowing down. Shares in Tata Consultancy Services, have fallen 14 per cent since the start of the year ft.com/content/6fdcc5… https://t.co/ts9yRwNsmb

EU investment in China is not flatlining … yet. thedailyshot.com/2022/08/24/ser… https://t.co/d3IONY5lsL

JPMorgan is seeking investor views on whether to make a large chunk of India’s $1tn rupee-dominated bond market eligible for inclusion in the GBI-EM Global Diversified index of local currency debt, ft.com/content/f01f0d… https://t.co/Y9ROR7WknV

German stock market valuation as a share of global stock market valuation is no more than 1.86% thedailyshot.com/2022/08/24/ser… https://t.co/zVvjh1z6VW

“We have never turned our back on Texas oil and gas companies,” said McCombe, noting that BlackRock is the single largest investor in the state’s oil and gas industry and has $290bn in Texas-based assets." ESG self combusting in heat of US culture wars! ft.com/content/9bbb25… https://t.co/8woal1Xlxx

RT @StephenMcDonell: The images coming out of #Chongqing are apocalyptic. Mass #coronavirus PCR tests being carried out as bushfires rage f…

RT @michaelxpettis: A good piece by @adam_tooze on the variety of problems facing the Chinese economy. adamtooze.substack.com/p/chartbook-14…

@Hobson_C This is excellent @Hobson_C I really like this elaboration of the polycrisis concept!

A stronger US dollar is a headwind for global trade. thedailyshot.com/2022/08/25/the… Pairs very well with Chartbook #142 on the pressures within the dollar system. thedailyshot.com/2022/08/25/the… https://t.co/jNgFm66sRk

Since early July Argentines have withdrawn $1bn from dollar bank accounts. thedailyshot.com/2022/08/25/the… For the backdrop see Chartbook Newsletter #144 on the Argentine crisis in the making adamtooze.substack.com/p/chartbook-14… https://t.co/IH3kiLJhtM

The disappearance of the home priced at less than $300k in American markets, is a striking development of recent years. thedailyshot.com/2022/08/24/ser… https://t.co/GmxZgs2cUx

China boosted its stimulus package to reinvigorate the economy after lockdowns. thedailyshot.com/2022/08/25/the… The response required by the delicately balanced situation described in Chartbook Newsletter #145 adamtooze.substack.com/p/chartbook-14… https://t.co/bs9J3srMRU

Spending on “non-necessary” items is down this year relative to 2021. thedailyshot.com/2022/08/25/the… https://t.co/GK0e5m36XR

RT @LofredM: How China escaped the shock therapy that brought down the Soviet Union | @adam_tooze in @NoemaMag noemamag.com/how-china-avoi…

RT @Phil_Free_: “It is almost as though someone at BlackRock has been reading the Communist Manifesto & is asking themselves: Where is that…

USA is committing a further $3bn in military aid to enable Ukraine to "defend itself over the long term" ft.com/content/ccd850… As Chartbook #146 lays out Kyiv now faces daunting task of adjusting both war-fighting and economic policy to a long conflict. adamtooze.substack.com/p/chartbook-14… https://t.co/3V2rcbv46R

Economic warfare breeds expertise @njtmulder teaches us. But it does not breed consensus. Bandwidth on Russia right now is quite striking. @TheEconomist is very upbeat. economist.com/finance-and-ec… For wider debate see Chartbook #146 adamtooze.substack.com/p/chartbook-14… https://t.co/LzGLjV7XWL

Amongst Western analysts there is wide disagreement on Russian economy. On Ukraine not so much. It clearly faces disaster this fall if foreign aid not ramped up. Maria Repko makes case here foreignpolicy.com/2022/08/04/ukr… I expand on it in latest Chartbook #146 adamtooze.substack.com/p/chartbook-14… https://t.co/b4XUZFIEAI

During the Eurozone crisis 2010-2012 hedge funds were reducing their net short position against Italian sov bonds. Now they are building a huge net short position. ft.com/content/5cef30… https://t.co/AUR1AL4lnS

Piece by Andrey Kortunov on Russian view of the war is worth putting through google translate. kommersant.ru/doc/5514506 Features in Chartbook #146 newsletter on writing about the Russia-Ukraine war at the six month mark. Check it out 100% free here adamtooze.substack.com/p/chartbook-14… https://t.co/wDfMSXHSsM

Hedge funds have lined up a 39bn euro bet against Italian government bonds, biggest since the global financial crisis in 2008, on rising concerns over political turmoil in Rome and the country’s dependence on Russian gas imports. ft.com/content/5cef30… https://t.co/k613OgxhlT

Meloni's right-wing coalition that seems set to storm to victory in Italian elections envisages broad tax cuts, a limited tax amnesty and generous minimum pension increases to tune of €80bn. Not what doctor ordered and set fair for clash with Brussels. ft.com/content/b2bc11… https://t.co/FJ1vMATX4n