ADAM TOOZE

@ewaldeng I agree. But austerity is something US and EZ share after 2010. Monetary policy was difference that @Brad_Setser was highlighting.

astonishingly germany is still tearing down villages to make room for lignite mining. https://t.co/XL5lVjVf5m

@porszag @JoergBibow thanks for the link. might you be available for an interview by phone/skype/facetime or in person in NYC?

Failure of BoJ/ECB to follow Fed lead Nov 2010 —> QE sparks talk of currency wars rather than coordinated reflation… https://t.co/bckwZcjIdm

Toxic coordination: G20 Toronto June 2010 AE to coordinate HALVING of deficits by 2016 and stabilization of debt/GD… https://t.co/vURWoC5R5j

The safe assets shortage post crisis and declining interest rates Caballero/Farhi/Gourinchas sum up… https://t.co/QVQi0XTj7w

The face of trade politics in the US is white – how race and protectionism intersect FASCINATING from @A_Guisinger… https://t.co/QsK1bbnT4v

Death and sickness attributable to use of coal in EU power generation https://t.co/3kPjkhwk75

Trump as Militarist not Isolationist: rtrecommend reread of excellent piece by @stephenwertheim… https://t.co/126SFziLWN

@Brad_Setser @georgemagnus1 Given the build up of dollar liabilities during QE phase the unwinding of that faced wi… https://t.co/LI9mIpgak9

@Brad_Setser @georgemagnus1 Well if you have big unexpected exchange rate movements and currency mismatch in balanc… https://t.co/0ztu5OtDNi

@DomWhiteUK @Brad_Setser @georgemagnus1 yup … even better if we could weight by some estimate of unhedged exposure… https://t.co/k0wDxwPrfR

@JoergBibow well yes … plus “inter-generational equity” etc … I’m a bit more Nietzschean I think: birth of austerit… https://t.co/6OJZrgxaos

Whereas German anthracite production has ended surface mining of filthy lignite continues at high level… https://t.co/tuWileHYzl

@Brad_Setser @georgemagnus1 Excellent. Don’t you think balance sheet aspect here is rather fascinating/alarming? Ha… https://t.co/RZhITV7Ptu

@adam_tooze @georgemagnus1 Adam — the Japan line in the graph in the original post was off (my error). Here is t… https://t.co/Lw4oLlaBrT

@Phelanomics or by leveraging various other types of advantage!

@JoergBibow fiscal folly goes broad & deep. The Steinbrück/Schäuble synthesis has its counterparts in US/UK/Italy =… https://t.co/L4gVICOFx4

@JoergBibow wouldn’t want to take anything away from the GOP but in fact Obamian Rubinites are fully behind the con… https://t.co/aVk91bWHf8

@Phelanomics and they kill each other!

With huge dollar-based financial balance sheets, uncoord QE —> ER movements like this = v risky! e.g. Chn 2015… https://t.co/gQyZrW8i7H

Post by @Brad_Setser views uncoordinated QE frm trade side but what about balance sheet effects? Chn 2015/6!… https://t.co/sH22Y3njHj

The environmental skeleton in Germany’s closet: world’s largest producer of filthy brown coal/lignite… https://t.co/LIztqSTeQF

Great post by @Brad_Setser on perverse coordination of fiscal policy and failure to coord monetary policy since 201… https://t.co/giLWIb4Ttx

@fwred @Brad_Setser the trend Brad projects is based on 2000-2005 NOT the final boom phase …

"Back to recovery thanks to decisive action by the EU” (SIC!!!!!) – Brussels in full Orwellian mode!… https://t.co/Sfw0g60yvo

@adam_tooze And to highlight how bloody long it has taken for demand in the euro area to recover, and how much furt… https://t.co/p6wwiOasTW

Post prompted by a chat with @adam_tooze a few weeks back. Plus Brainard's speech has put the issue of central bank coordination on table

Like other really big economies China is not “export dependent”: net of imp components manuf exports are 14 % of gd… https://t.co/4jmaMDtEtQ