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Online commerce accounts for less than 9 % of retail sales —> the structural shift has a VERY long way to go… https://t.co/k9iTEvZRoR

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The US rig count went through unprecedented downward adjustment following 2014 price collapse @SoberLook https://t.co/hE0WhauSRO

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To sustain growth and popularity Erdogan’s Turkey now increasing gov spending by close to 20 % pa @SoberLook… https://t.co/2mUnGnNRgQ

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“If nuke industry wants to have future it cannot afford more projects like this,” Surreal history of Fin nuke plant https://t.co/xlqtJHfBBt

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Ireland’s house price boom was extraordinary! The work out has been painful. But prices are beginning to recover.… https://t.co/cjEDMoQptc

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At what point will Zloty appreciation choke Polish growth? @SoberLook https://t.co/slpczDtlRU

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Orban’s populism in Hungary was hoisted to power by econ crisis and is propped up by sustained growth. These are Qo… https://t.co/Yc6gjRi13d

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Why are US GDP forecasts becoming more optimistic at same time as data soften and Trump inflation trade unwinds? Pu… https://t.co/rkjyslnhqS

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As rents outstrip income growth in US, expect a surge in home purchases @SoberLook https://t.co/hpKSkMPBwC

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Economic impact of loss of international students just in England. Wow. #GE2017 #Brexit @SarahLudford https://t.co/QfTJCAJiX2

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#OTD 1952: Stilllegung des Anhalter Bahnhof. Fernzüge fuhren hier 111 Jahre lang ein. https://t.co/8UaFQpAMBp… https://t.co/5Gy0EAESWC

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Powerful Russian Orthodox cleric summoned to spritz computers with holy water 💦 to fight ransomware… https://t.co/DtSdp0bm9a

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Before the war many poor Dutch families lived in sod houses. Drenthe, the Netherlands, 1936 https://t.co/FKlMOewljh https://t.co/1rZ3Yd6KYd

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Will the Zloty’s appreciation choke off Poland’s impressive growth? @SoberLook https://t.co/6tRXDgCZir

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How, given these trends for working pop and productivity in US econ does it make sense to predict 3 % or 4 % growt… https://t.co/4nNpnCDbn2

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Were the Canadian real estate boom to burst the damage would be concentrated in 6 banks @SoberLook https://t.co/8mOR0ubjp3

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China’s second stimulus: the 2016 push that helped to stave off Asian deflation @SoberLook @FT https://t.co/dl9s93K34K

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Kazakh currency is bouncing on news of OPEC restrictions to come @SoberLook https://t.co/jCg7q4nTiF

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Who’s a lucky boy? If you are ever in Champagne … https://t.co/nHlVFgsaoc https://t.co/XzMSBbNtVw

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Generation ago mortgage on grand cru champagne vineyard could be paid off 45 yrs. Now 90 yrs at per prices commanded by small producers.

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Going rate for prime grand cru vineyards in Champagne is 2 m Euros per hectare —> why artisanal champagne production is doomed.

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Harsh realities of champagne economics: kg grand cru grapes =7euro. 1.2 kg of grapes -> 1 750ml bottle which sells at 30 euro farm gate.

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Factor in underemployment and you see how dire the situation in EZ peripheral labour markets truly is @SoberLook… https://t.co/e0zBhd7PNg

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Declining participation of prime age men —> slack in EZ labour market —> limits upward wage pressure in recovery… https://t.co/E87oPSh2Fa

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There simply isn’t any upward pressure on prices in the Eurozone: ECB overestimates wage and price pressure in EZ… https://t.co/ZgwAO1la5i

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Greece now in 5th recession in 10 years @SoberLook https://t.co/qKYPxn9Ity

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Upside risk is the word for it! Might the Euro surge? https://t.co/PiK8Fr20h8

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Illuminating graphic from @FT on the way Brexit splits the UK electorate 3 ways handing landslide to tories… https://t.co/0FDwFMp3Sq

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Russia’s volatile trade balance maps oil prices @SoberLook https://t.co/4vIlWyMlP3

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US apartment sales collapse just as supply is about to surge. The making of a new real estate crisis? @SoberLook… https://t.co/FaFJ5Nqz5u

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Military modernity 1914: French 75 mm crew and observation airship on the Marne battlefield https://t.co/Lu5hFWyw62

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Did Lt Col Hentsch lose WWI for Germany by ordering retreat from Marne? Holger Herwig excellent on the controversy… https://t.co/WjCky338NA

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For anyone interested in WWI, I recommend Holger Herwig’s The Marne 1914. High quality operational military history… https://t.co/hz5vS3CcaO

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US corporates have used low rates to leverage: equity buybacks funded with debt @SoberLook https://t.co/kfx7pMxOZB

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U don’t have to go far in Manhattan to see surge in luxury apartments about to hit market. Can REITs absorb the sho… https://t.co/nXUJpRiafZ

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Who will shed a tear for the passing of the department store? Politics of economic change are intensely gendered.… https://t.co/nABcT9IGpo

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