ADAM TOOZE

BlackRock is on the verge of being dethroned as the manager of the world’s largest bond exchange traded fund. ft.com/content/c0fad7…

@DanielaGabor @Shahinvallee @rike_reimer @katie_kedward @jryancollins Yeah I DEFINITELY thought so … I think I maybe need some merch though.

Some 1.68mn people, or a third of the population of the Grand Sud of Madgascar, remain in “crisis” or “humanitarian emergency”, according to the Integrated Food Security Phase Classification, a standard five-point scale of escalating hunger ft.com/content/8fa359… https://t.co/ZCRbQdO2Wn

There is still no deal with Sinema on the $739bn to be raised in tax by Inflation Reduction Act. Puts the whole rebooted agenda in jeopardy. washingtonpost.com/us-policy/2022… Pairs well with Chartbook #139 on the Manchin-Schumer compromise. adamtooze.substack.com/p/chartbook-13… https://t.co/Cl6CuR4rba

RT @DavidZipper: Don't laugh: Golf carts could have a bright future as urban mobility vehicles. – Smaller, slower, and safer than a car – A…

@Shahinvallee @rike_reimer @katie_kedward @jryancollins @DanielaGabor Can I be a Gabor girl too?

Facing economic collapse the Taliban regime in Afghanistan has doubled coal exports to Pakistan which ultimately go to China. ft.com/content/772460… https://t.co/Ev39iNVAVF

“The word Himars has become almost synonymous with the word justice for our country" First it was Javelin and now Himars ft.com/content/0d41cd… https://t.co/8FMwgl3pnL

RT @rebeccawdell: @adam_tooze Oh, it's so much worse than you think. Not only is labor productivity falling in the construction industry,…

RT @rebeccawdell: @adam_tooze From a 2012 NIST report: U.S. construction productivity has fallen since the mid-1960s. Source: https://t.c…

RT @rebeccawdell: @adam_tooze And this is not just an American problem. From a 2017 McKinsey report, construction labor productivity is fa…

France's electricity price squeeze is even worse than that of Germany. thedailyshot.com/2022/08/03/job… https://t.co/nkN723IT1E

Eurozone indicators point an approaching inflation peak. thedailyshot.com/2022/08/03/job… https://t.co/xuqbO9f9Bh

If you factor in strength of dollar, falling commodity prices and downturn as captured by ISM index, you arrive at conclusion that US inflation may slow faster than many are expecting. thedailyshot.com/2022/08/03/job… https://t.co/OpoJonpq5v

Here are the sources of the decline in labor force participation since the start of the pandemic (demographic exits = expected retirements, given the US aging population). thedailyshot.com/2022/08/03/job… https://t.co/vjIUM9vVHS

If I read this graph correctly it is saying that labour productivity in US construction FELL by 20% since 2006. Can that be right? I knew the productivity record was poor. I didnt know it was actually falling! thedailyshot.com/2022/08/03/job… https://t.co/9bz4QKPvxf

Job vacancies in retail registered a record decline. thedailyshot.com/2022/08/03/job… https://t.co/lBjPZG39uF

Soft landing? Can the Fed significantly cool the economy – as measured by vacancy rate – without significantly increasing unemployment? Waller & Figure v. Blanchard-Domash-Summers. Interesting unhedged column this by @EthanYWu ft.com/content/cf1a2d… https://t.co/uoZKiaYQpY

RT @mnolangray: Housing permits issued per capita among the 10 largest states. We haven't fully wrapped our heads around the political/cult…

RT @JStein_WaPo: .@SenSanders criticizes the Manchin-Schumer deal for leaving out the Child Tax Credit, prek & childcare, free community co…

RT @leee_harris: New: The Manchin-Schumer bill creates big new public assets: a $27 billion public bank, and $250b loan authority for the D…

RT @stefeich: I'm still rubbing my eyes in disbelief but it seems real. The @FT just ran a glowing review by Felix Martin of _The Currency…

RT @DanielaGabor: fascinating, the IRA illustrates how derisking is now clearly a viable tool- possibly the only- for mobilising political…

Chartbook #140 just dropped. Pulling together some useful China-Taiwan-Pelosi material. adamtooze.substack.com/p/chartbook-14… https://t.co/WROXE7wpqT

RT @karlmmoller: Neatly summarised insights into the process behind the IRA. 2 things stand out: (a) We are decisively in the era of struct…

RT @canablach: Chartbook #140: China-Taiwan-Pelosi special | @adam_tooze adamtooze.substack.com/p/chartbook-14…

Pelosi's Taiwan stunt is shaking regional financial markets. Taiwan’s benchmark stock index fell as much as 2.1%, Hong Kong and Chinese shares slumped. caixinglobal.com/2022-08-02/pel… https://t.co/n6C4v4KMfZ

July home sale figures out of China are terrible. Total sales of 100 of the country’s top property developers fell 28.6% from the previous month to 523.1 billion yuan ($77.4 billion), a reversal from June’s 61.2% gain and May’s 5.6% increase, caixinglobal.com/2022-08-01/chi… https://t.co/fxkbtzaIxy

Has SMIC broken through to 7-nanometer technology in chipmaking despite US efforts to draw the line at 10-nanom? caixinglobal.com/2022-07-22/chi… https://t.co/07hTfGFyQv

“The Biden admin will continue working … with allies to ensure effective controls on semiconductor production so that we remain generations ahead of competitors in advanced tech”, Commerce dept. Well you can hardly put it more clearly than that! caixinglobal.com/2022-07-22/chi…

"After previously barring shipments of machinery to produce advanced technology nodes of 10 nanometers or less, the U.S. expanded the restrictions to apply to chips of up to 14 nanometers" = targeted at SMIC but has wider ramifications. caixinglobal.com/2022-08-02/us-… https://t.co/804ik4g1zs

American regulators added e-commerce giant Alibaba Group Holding Ltd. to a growing list of more than 155 Chinese stocks that will be kicked off U.S. stock exchanges if authorities can’t inspect their books. caixinglobal.com/2022-08-02/ali… https://t.co/DEQDpg10ta

Doing postmortems on bad calls may not be fun, but it is necessary. Chartbook #139 on he Manchin flip-flop. adamtooze.substack.com/p/chartbook-13… https://t.co/78Oi7q2u75

RT @PhilippaSigl: May give you the chills but very worthwhile read h/t @adam_tooze for pointing me in Clara‘s direction (who doesn’t seem…

Chartbook #139 just dropped – on the battle for climate legislation in the US – making sense of the Manchin-Schumer compromise adamtooze.substack.com/p/chartbook-13…

@dschnaepp Yeah that line felt really heavy as I uttered it. Can it really be true?