ADAM TOOZE

QE in Eurozone and Japan PLUS end of QE in US —> heavy flow of European & Jp money into US bonds @SoberLook… https://t.co/DvkZrtY0xV

Chinese public investment statistics include transport infrastructure under “services” = misleading @SoberLook… https://t.co/jJxECzFaNx

A full measure of the American unemployment crisis in 2008-2011 and the recovery since: unemployed and underemploye… https://t.co/rFjUPN7Hln

Since the taper tantrum of 2013 India has been building Forex reserves to record levels. It isn’t China, but its un… https://t.co/1c7yGt762O

Pretty graph but appears to compare foreign holding of US Treasuries with US holding of all foreign securities = If… https://t.co/fX0KQLHTnU

And with iron ore price in free fall, the budget revenue forecasts are looking more than a little shaky… https://t.co/8cS5Rha0Oh

US unemp falls —> Fed will hike. But markets don’t believe in long-run accel. of US econ —> yield curve flattens sq… https://t.co/ilVcHioGWB

Economics of European viticulture: Greece = underrated success story. Profit margins remarkable!… https://t.co/Z9mHwlG5w2

Winemakers in Champagne have a per hectare profit 10 times higher than in Languedoc https://t.co/GK8nOdL1wu

Since 1950 booming Germany has become a huge market for imported wine. Imports meet 5/6 of consumption.… https://t.co/k8b6nM1H2k

Spanish labour market recovery really appears to be picking up pace. Not the same jobs or conditions. But jobs …… https://t.co/pXj6wCfPCD

In Sep 2017 EU ends sugar production regime. Given market stress, will African producers pay price?… https://t.co/MdJwLzHyBf

EU lifts sugar regs in Sep 2017 at time of stress in global market. Will it be Africa that pays price? @SoberLook… https://t.co/SkvHSpLbyl

Talk about insane gyrations! China news and overcapacity —> Baltic Dry Index is swinging up by 100%, down by 50% …… https://t.co/PZfFxACDI8

After Macron/LePen is OPEC nxt big worry? US energy high yield bond spreads could really pop if OPEC doesn’t hold l… https://t.co/PqN0udyjQ1

Oil sub $20, China devaluation, Spain-EZ crisis 2012 … how would an oil price collapse in 2017 register on financia… https://t.co/myODiTAHoo

10 May 1941 – strike of 100,000 took place in Nazi occupied Belgium, on the first anniversary of the German invasion https://t.co/kJhG4SKAUj

The transformation in the UK’s political class starkly revealed. Relentless rise of the political “profession” sinc… https://t.co/xpN8XUMPN2

US trade with rest of Americas remains dominated by basic commodities with exception of Mexico/cars and Brazil/plan… https://t.co/C1EgZt9Tss

Get ready for Africa to bulk far larger in history of 21st century = major change in perspective! @SoberLook… https://t.co/4srMZRlbMB

Its not beating any records, but its been a while since growth in developed economies was this synchronized… https://t.co/zVSTMPj6Eb

Times are still though, but fiscal squeeze is easing … In 2016 G10 fiscal impulse turned positive @SoberLook… https://t.co/iG39Vle5fR

A "post"-colonial dept of France (EU), Guiana's pop has exploded; its medical facilities, originally for French ast… https://t.co/KWro0jwnF6

$60+ or sub $40 oil? OPEC’s decision at end of May will decide. Barring price crash US production seems bound to dr… https://t.co/PXsQd8jrdM