ADAM TOOZE

RT @MacroAlf: The NBER Recession Committee uses 6 main macroeconomic indicators to assess (ex-post) whether we are in a recession – all sho…

Why are supposedly senior US politicians bought so cheaply? From firms like these, these sums are peanuts. twitter.com/policytensor/s…

RT @MacroAlf: After creating over 1.5 million jobs since 2010, Amazon cut its workforce by around 100,000 people in the first quarter of 20…

Amidst surging energy bills Bangladesh's fx reserves have fallen below the psychologically important $40 bn threshold. asia.nikkei.com/Economy/Blacko… https://t.co/JftDHCxvvz

Interesting rumbling at the BoJ about the direction of Japan's expansive monetary policy once Kuroda steps down in April 2023. ft.com/content/308736… https://t.co/2phXCJ1Hgz

Why do airports lose bags? TRANSFERS are the real danger zone. ft.com/content/ceaa1d… https://t.co/6JiZgF6d8T

At least until 2022 you could tell a good news story about how airports were getting BETTER at handling luggage. One for @OurWorldInData !!!!! ft.com/content/ceaa1d… https://t.co/pChJhNdGMO

Big fish in sheds – Warehouse real estate – include Blackstone PE which built a €21bn European platform = biggest spender in EU warehouse market & Amazon, which accounts for 1/4 of all new space leased in 2020/21 in UK & is even bigger in USA. ft.com/content/266b88… https://t.co/e5fkVryJP0

Driven by a strong rebound in the services sector, Brazil’s economy is now forecast to grow by 1.7% in 2022, = improvement from Jan when prominent banks predicted a recession. But unlikely to save Bolsonaro who trails Lula by 18% in polls. ft.com/content/9645d6… https://t.co/VvByC4cQUP

Will there be a recession in "sheds" as giant warehouse complexes are known in real estate industry? Rising interest rates and construction costs put pressure on rental yields. ft.com/content/266b88… https://t.co/Ffe2UJzFbZ

The Democrats pass significant economic legislation through the Senate but is the last gasp legislative push enough to save them in the mid-terms? ft.com/content/06986e… Pairs well with Chartbook #139 on the Manchin-Schumer deal adamtooze.substack.com/p/chartbook-13… https://t.co/daPca6tHMh

Not much ambiguity here: The European Central Bank is using reinvestments from its pandemic-era bond-buying programme to ease the pressure on Italy & Spains's debt. ft.com/content/7de557… https://t.co/4xQUUmrjuX

Huge differences in attitudes towards borrowing from China between Kenya and Tanzania. Kenyans much more critical. ft.com/content/40ea35… https://t.co/tYoUCP5jHa

# of UK households vulnerable to loan sharks or illegal lenders has increased from 310,000 in 2010 to 1.08mn in 2022 ft.com/content/45deb2… https://t.co/xaWT9VxkCl

“The size of a Covid virus is about 100 nm,” The most advanced chips, those used to build the latest iPhone and MacBook processors, for example, are now at the 5-nm level. ft.com/content/f76534… https://t.co/FmRh71DkO9

Fishing boats are beached due to a fuel shortage in Galle, Sri Lanka. Photo: Bloomberg scmp.com/week-asia/poli… https://t.co/tnppHg0QU2

Virtually every arm of Turkish state is present in northern Syria — even sports ministry staff -> Turkey has ever greater influence in 3 northern Syrian enclaves taken from YPG which are home to 2mn Syrian inhabitants. ft.com/content/a14241… https://t.co/ZZ2pcLYhYd

“If you want to re-establish a complete semiconductor supply chain in the US, you will not find it as a possible task,” Excellent this on the IMMENSE complexity of chip supply chains. ft.com/content/f76534… https://t.co/66TqhJPvpu

US deputy Treasury secretary Wally Adeyemo met Turkish officials and Istanbul bankers in June to warn them not to become a conduit for illicit Russian money. ft.com/content/00badf… https://t.co/rV1mDLZtQu

“As India is leading the stabilisation efforts in Sri Lanka (ahead of China), it serves US interests as well,’ Anwar said. “Enabling India to take a leadership role in resolving South Asia’s crisis will ultimately strengthen the US Indo-Pacific Strategy.” scmp.com/week-asia/poli… https://t.co/S8w9HSJ6ih

Fed tightening is delivering a shock worldwide. But in EM banks, balance sheets and local-currency bond markets are more robust than in 1997, there are no destabilising capital flows, and most currencies are no longer tightly pegged to the dollar scmp.com/comment/opinio… https://t.co/XSvPX3Juoe

New Delhi has provided about US$1.5 billion to Colombo for critical imports, and another US$3.8 billion in the form of currency swaps and credit lines. The US will not act before Sri Lanka reaches a debt deal with @IMFNews scmp.com/week-asia/poli… https://t.co/1y5uzr7OVe

RT @jedmark888: The reasons not to invest in China—from rising US rates to the impact of Zero Covid on the real economy to Beijing’s intern…

RT @RobinBrooksIIF: China is in trouble. Away from Taiwan headlines, capital outflows are now as big as in the RMB devaluation scare of 201…

In the 1980s fertility in the US still used to decline linearly with a woman's education. By the 1990s no longer! imf.org/en/Publication… https://t.co/r3husHBthB

The pandemic and subsequent war and energy shocks have led to a surge in current account surpluses and deficits around the world economy. @IMFNews blogs.imf.org/2022/08/04/glo… https://t.co/1CpetCCgFw

If you started from the volumes of gas exported to Europe you would be hard-pressed to explain the current surge in prices. The composition is different (less Russia, more LNG) but the volumes look remarkably similar. thedailyshot.com/2022/08/05/ini… https://t.co/doZekV9fOR

Netflix says it took a $339mn sales hit between April and June because of the strong dollar ft.com/content/6d0618… https://t.co/6NzgfOXWDj

Welcome to a world in which the inflation rate in Germany is higher than in Thailand or the Philippines. thedailyshot.com/2022/08/05/ini… https://t.co/W3mOHAiaAe

Central bank base rates in Europe going back to 1800. thedailyshot.com/2022/08/05/ini… https://t.co/WoArzKTYCX

Typically gimlet-eyed view of friendshoring by @alanbeattie ft.com/content/d8a0ce… https://t.co/qlyaazKIWh

Price inflation not matched by wage increases is eroding real purchasing power of European consumers. thedailyshot.com/2022/08/05/ini… https://t.co/iWuvmvENMf

RT @heimbergecon: High inflation in €zone countries is mostly driven by energy and food prices. Inflation in the US and the UK is more bro…

RT @JWMason1: Important new analysis of the economic impact of the Inflation Reduction Act, from my PhD advisor Bob Pollin and his colleagu…

RT @rkadelhi: #callforpapers Please help circulate this cfp “After the Economic Miracle” forthcoming in Radical History Review 151. #Econ…

RT @jsf: The other is Olga Tokarczuk's Nobel lecture, one of the most incisive essays I've ever read on what digital technology has done to…