ADAM TOOZE

If I read this graph correctly, almost 30% of US households are using credit cards, borrowing or deferring payments to meet household expenses. thedailyshot.com/2022/08/22/mor… https://t.co/clHVZtZel8

440k Americans report having two full-time jobs. @SoberLook thedailyshot.com/2022/08/22/mor… https://t.co/A0UUpP8iLb

This looks really interesting! twitter.com/anat_rosenberg…

Hard to exaggerate how novel it is that in the latest phase of the polycrisis the dynamic of Chinese growth is in question. Chartbook #145 on the tightrope that Beijing is walking. h/t to @M_C_Klein @michaelxpettis @niubi et al adamtooze.substack.com/p/chartbook-14… https://t.co/3UbQm0ABbp

RT @CyrilPedia: 'The headwinds acting on the Chinese economy right now are formidable, on top of collapsing housing markets and the risks o…

RT @LSE_GEGC: We're delighted to announce Prof Michael Pettis (@michaelxpettis) as a new Commissioner. He is the author of several books on…

Chartbook #145 just dropped on China's mounting economic policy dilemmas. adamtooze.substack.com/p/chartbook-14…

RT @TickerHistory: Lehman Brothers trading floor (1981) “424 stations at which professional men and women trade equity and debt securities…

RT @MFratzscher: Serie #2 des 🧵: Fakten zu Vermögen in Deutschland Deutschland hat eine der größten #Ungleichheit/en von privaten #Vermöge…

RT @MFratzscher: Unsere DIW-SOEP Erhebung zeigt eine sehr viel größere Ungleichheit bei privaten Vermögen in 🇩🇪 , als bisher angenommen: T…

RT @BaytAlFann: In 1807, Omar ibn Said, a Muslim scholar, was stolen from Senegal & sold into slavery in America. He left behind an autobio…

RT @DanielaGabor: A beast is hunting Europe, of a macrofinancial regime imploding under the contradictions of its class politics.

RT @genius_dogs: absolutely the best thing you'll see all day, month, year, century https://t.co/lOT0cFdie6

Argentina is an extreme case of uneven and combined development as the national dynamic of crisis cycles intersects in 2022 with the global energy price shock. Chartbook #144 ties the two together. adamtooze.substack.com/p/chartbook-14…

Did a short piece on how Latin America, and Argentina specifically, fit into a world shaken by an energy price shock. Sign up for Chartbook Newsletter here. adamtooze.substack.com/p/chartbook-14…

Mercifully fertilizer prices are off their peaks but remain in dangerous "food crisis" territory. ft.com/content/4d746a… https://t.co/XdCW2voMRX

Low income African farmers are heavily dependent on hitherto cheap Russian fertilizer. ft.com/content/4d746a… https://t.co/m41nMLqdOw

Pakistani police have filed terrorism charges against ex-PM Imran Khan over comments he made in a speech at the weekend. His supporters have pledged to resist his arrest. Is this as ominous as it seems? ft.com/content/160450… https://t.co/L0CDsyypza

Thank you @pbarbieri great to reconnect in BA. twitter.com/pbarbieri/stat…

"bailout of Bulb a UK energy retailer (with a mere 1.4 m customers, AT), which collapsed in Nov 21 is expected to cost > 4bn pounds = most expensive since the rescue of RBS during the financial crisis." Wow. Notion of systemic really expanding here! ft.com/content/95f584…

"The beast of inflation has slipped its shackles and is running rampant around the world." Is this really how @FT wants to set the stage for Jackson Hole? ft.com/content/95f584…

as German baseload power for next-day delivery — a key regional barometer — surged as high as €603 a megawatt hour, the euro fell to parity v. the dollar. ft.com/content/95f584… https://t.co/9hc2QzvFku

Thank you @PRoufos All the more so since I hope I have fixed most of the truly horrible typos in the first edition. Apologies to subscribers for the editing glitches. Ugh. twitter.com/PRoufos/status…

RT @TheStalwart: Writing about how surging energy costs are the austerity of the 2020s for the newsletter. Sub here bloomberg.com/account/newsle…

@vulgataeditio Oooops sorry! Will fix

Riffing off the latest @FT piece by @HelenHet20 on the global energy crisis, I did a piece on Latin America and Argentina under stress. adamtooze.substack.com/p/chartbook-14…

River systems across Europe, China and US are at disastrously low levels! ft.com/content/7c2052… https://t.co/e8BFWeiThD

Struggle over future of semiconductor industry is unequal. “China has the market, but the US has the technology,” said Yeo Han-koo, “Without tech, you have no product. Without a market, you need to find alternatives.” ft.com/content/ffa21f… https://t.co/u3FONJieXD

"a small number of US, Japanese and European chip designers and equipment makers command choke points "in the semiconductor production process”. @crmiller1 latest on the Chip War is going to be essential reading. ft.com/content/ffa21f… https://t.co/bdrI3rSFP4

South Korea exported $50bn of chips to China last year, up 26 per cent from 2020 and accounting for nearly 40 per cent of the country’s total chip exports ft.com/content/ffa21f… https://t.co/nxh7xJ2mCd

The oil is here – in 1963 Schwedt Brandenburg, then in GDR, celebrated the opening of Soviet pipeline. Now it is on the front page of the @FT and in frontline of sanctions. ft.com/content/0c5d88… https://t.co/0oKHqYbT9k

The cost of two of the biggest inputs for dairy farmers — feed and fertiliser — are up 83 per cent and 179 per cent respectively over the past year -> even the sticky price for milk is now responding. @senoj_erialc ft.com/content/a001da… https://t.co/5Ih8TdxgCq

RT @crmiller1: Excited to see my new book Chip War: The Fight for the World's Most Critical Technology listed by the @FT as one of the bes…

As inflation moderates, Goldman expects disposable real income in the US to recover from the hit of 2022. thedailyshot.com/2022/08/18/ret… https://t.co/tlH4c9MUu3

Macau's tourism business has collapsed to zero. thedailyshot.com/2022/08/19/us-… https://t.co/1D19u7Fwd2

Poland's GDP is contracting and consumer confidence is collapsing,. thedailyshot.com/2022/08/19/us-… https://t.co/DwuhPIg3eF