The point is commonly made that Italian debt stress is not acute because average maturity of debt is 7 years. What is more surprising and disappointing is that it was already 7 years in 2010! -> no maturity extension 2010-2022! Are there technical reasons? thedailyshot.com/2022/07/08/qua… https://t.co/162kgzKWrW
"Euro-area retail sales are not crashing despite deteriorating sentiment." When NOT CRASHING becomes good news! thedailyshot.com/2022/07/08/qua… https://t.co/ICo6IUkBTg
Demand for vacation homes in the US has fallen to pre-pandemic levels! @Redfin via @SoberLook thedailyshot.com/2022/07/08/qua… https://t.co/a6DskJC9SB
"And so it begins. The Fed’s securities portfolio saw its first meaningful reduction in recent days (quantitative tightening)." Dailyshot newsletter from @SoberLook as ever indispensable! thedailyshot.com/2022/07/08/qua… https://t.co/3WYUSGn51u
The US housing market looks to be cooling very fast! thedailyshot.com/2022/07/08/qua… Pairs well with Chartbook #132 on nowcasting the US slowdown adamtooze.substack.com/p/chartbook-13… https://t.co/rBIU2qjMMg
RT @pipkazan: I am reminded that Harold MacMillan, gravely wounded at the Battle of the Somme, lay in a shell hole for half a day until he…
RT @bradleyrsimpson: Ok, @llchristyll is right. @jamiemartin2’s book is amazing. We are coming to a much better understanding of the way th…
Italy's growers’ association estimated that a third of the country’s agriculture output was at risk. “We have about 30 per cent less production of milk and about 30-40 per cent less of cereals and maize,” ft.com/content/d4d75c…
The Po river in 2022! A historic drought is threatening Italian agriculture and hydropower. https://t.co/LGzzSMqrLf
Remarkable report this on the drought threatening Italian agriculture. Worst in 70 years. ft.com/content/d4d75c…
“Contrary to claims that crypto assets are a hedge to inflation or an uncorrelated asset class, crypto assets have plummeted in value and have proven to be highly correlated with riskier equities and with risk appetite more generally,” Lael Brainard ft.com/content/f829b6…
Biden admin has swung firmly into line with Japan in confronting China, confirming foreign policy vision of Shinzō Abe. On econ policy, meanwhile, what is more evident is tension btw Fed tightening & BoJ's apparent determination to peg rates. Charbook #136 adamtooze.substack.com/p/chartbook-13…
Good labour market news in the US -> market fear that Fed will have to hike rates harder -> bonds sell off, yields and expected yields rise. But are they responding to a lagging indicator? ft.com/content/48c704… https://t.co/zcg6FWdTJW
Many people are commenting today on the significance of Shinzō Abe's 2012-2020 administration in shaping geopolitics of East Asia. In Chartbook #136 I discuss the embattled legacy of Abenomics and the BoJ's radical monetary policy experiments. adamtooze.substack.com/p/chartbook-13…
RT @anna__casandra: Wenn ich mal Zeit zum lesen habe, dann gerne @adam_tooze! Sein Buch "Crashed" zur Finanzkrise kann ich nur empfehlen. #…
RT @marxnd: Chartbook #136: The legacy of Shinzō Abe, yield curve control & the "widow-maker" trade., by @adam_tooze adamtooze.substack.com/p/chartbook-13…
RT @RalphEmmers: “On the stump on the day of his death, Abe’s other great talking point was Japan’s economic situation. Here, Abe was on th…
RT @AlimRiccardo: @adam_tooze Beautiful piece. To be honest I was looking at the current account and Japan manages to offset The trade Defi…
Chartbook #136: The legacy of Shinzō Abe, yield curve control & the "widow-maker" trade. on Chartbook adamtooze.substack.com/p/chartbook-13…
RT @PsillySobriquet: Chartbook #135: A Chartbook sampler, by @adam_tooze adamtooze.substack.com/p/chartbook-13…
RT @CUHistoryDept: "In the current conjuncture, if you aren’t puzzled, you don’t get it." @adam_tooze for @columbia news https://t.co/brkq…
RT @croncobaurul: The two latest Chartbook posts by @adam_tooze are absolutely great at parsing the @BIS_org Annual Economic Review throu…
BYD, the Chinese auto group backed by Warren Buffett’s Berkshire Hathaway, has dethroned Elon Musk’s Tesla as the world’s biggest electric vehicle producer by sales, signalling China’s rising dominance of the sector. Also #2 in batteries. ft.com/content/b600a2… https://t.co/PDbV06yhCH
@ryanbridgesgpf Precisely. It astonishing how little you have to move in the discourse to achieve that effect.
RT @ryanbridgesgpf: This is like reading a radical text, and yet all @adam_tooze is doing is translating economics into political-economics…
RT @HyunSongShin: Excellent exposition from @adam_tooze of our work on inflation Highly recommend twitter.com/adam_tooze/sta…
RT @RockStroke: Y para estimular el debate, este MAGNÍFICO ensayo de @adam_tooze en el que analiza y defiende la postura de Habermas. En es…
In early history of modern economic statistics, construction of inflation indices was a key moment in constitution of "the economy". adamtooze.substack.com/p/chartbook-ne… Faced with price surge 2022, @BIS_org dissects inflation as an emergent macroeconomic phenomenon. adamtooze.substack.com/p/chartbook-13… https://t.co/rOXBaFuzYp
When prices rise faster, we miss the point if we simply say that inflation is higher. Reading @BIS_org between the lines it would be better to say that as rate of price increases increases, "inflation happens", or we enter an inflationary state. adamtooze.substack.com/p/chartbook-13… https://t.co/RIkPBOzLRi
@marco_jacopo The thanks is owed to you and the entire @BIS_org team. Brilliant work!
Chartbook #134 on the fascinating analysis by the @BIS_org of inflation – in the sense of a generalized process of price change and coordinated around the general price level – as an emergent macroeconomic phenomenon. adamtooze.substack.com/p/chartbook-13… https://t.co/I0XTRzWrmr
Been feasting on the riches of the @BIS_org Annual Economic Report Three chartbooks #131 on calibrating the polycrisis #133 on the politics of low inflation #134 on inflation as an emergent macroeconomic phenomenon. Check out the newsletters here: adamtooze.substack.com https://t.co/n3N7RddVdk
RT @IgorRanc: An extremely lucid and well taken point. Until reading this I did not think about it at all! Thanks @adam_tooze https://t.co/…
RT @PRoufos: Chartbook at its best: @adam_tooze reads and explains a crucial paper by the @BIS_org on what inflation is, how we measure it…
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