Yeah … price adjustment as an information bomb, encoded power etc. …. thanks for bringing that up … though it is three months old, I feel that essay on inflation for @NewStatesman @GavJacobson is standing up pretty well. twitter.com/Kropo161/statu…
The last time the Japanese yen dipped below 130 to the American dollar, in 2002, China’s economy was smaller than France’s economist.com/finance-and-ec… https://t.co/psyJKnDAwR
A rise in bond yields does not figure in stress tests on either side of the Atlantic, but variation margin is almost certainly rising in fixed income markets. @meyrickc On something else we should be worrying about! ft.com/content/cea17c… https://t.co/78NcwowjTK
RT @anonymogulous: @adam_tooze A small clue on why Turkey still continues low interest rate/high inflation. One wonders whether supposedly…
Dollar-denominated trade is the devil’s doughnut You might think you can escape it, but the reality is complicated. Apparently this is a Simpsons reference. In any case I really like this @meyrickc piece for @FTAlphaville ft.com/content/e6e845… https://t.co/RW2TPqDU0F
Commodity trade btw geopolitical rivals is most likely avenue for shift out of $. How big is it? $4.9trn in 2019 for commodities & ag= 20% of world trade, of which 50% ag exports are within US sphere of influence & 35% of commodity exports. Chill! ft.com/content/e6e845… https://t.co/tUSwS1h46W
In 2021 supply-chain-tech firms raised more than $62bn. Of that, nearly $9bn went to freight-tech startups. There are a dozen private freight-tech “unicorns”. Amazon is setting pace. Incumbent brokers & forwarders are fragmented & lack tech expertise. economist.com/business/2022/… https://t.co/QXkmiFVg7l
Are we about to see a Minsky moment in venture capital? @RobinWigg @FTAlphaville picks up a neat concept from @athomasq ft.com/content/077de7… https://t.co/t7P3we8xtW
Turkey’s construction industry is an international heavyweight. Of the world’s 250 biggest contractors, 40 are Turkish, behind only China and America. V present in E Africa. economist.com/business/2022/… https://t.co/ZTHxSr5nfs
On Wed Powell’s “dovish hike” sent $ and bond yields lower, equities higher & tightened credit spreads = easing financial conditions. On Thursday, the market realised that this is completely the opposite of what the Fed is trying to engineer -> sells off. ft.com/content/70bdf2… https://t.co/ybQTpsBplf
When you prick a tech bubble – Chinese tech has given up c. $1.4trn in valuation since peak over winter of 2020-21. economist.com/business/can-c… https://t.co/9X3RlTu21Z
“reverse currency wars” – a new regime in central bank policy identified by Goldman analysts in which policy welcomes higher exchange rates as a means of curbing inflation. ft.com/content/2eca22… https://t.co/CNt5DziIUi
In 1956, India nationalized 245 private life insurance companies. Today LIC is 5th most valuable in world. Holds 286m policies and 64% of premium revenue. With $507bn AUM, privatizing 25% of it is going to shake up India’s political economy. economist.com/finance-and-ec… https://t.co/BIrF1O6Cqj
"The Russian economy is undoubtedly shrinking, but on basis of robust real time indicators some economists’ predictions of a gdp decline of up to 15% this year are starting to look pessimistic.” @TheEconomist takes a strikingly bullish view. economist.com/finance-and-ec… https://t.co/KTW73JvVkE
Africa’s fastest growing companies. New @FT list introduced by @davidpilling provides an interesting overview over growth nodes in economy of the fastest growing continent. ft.com/africas-fastes… https://t.co/WNYkZVmqjJ
The surge in tropical forest loss due to fires in 2016-7 was apocalyptic. ft.com/content/d57eeb… https://t.co/HNNPJ7eGab
"last few drops of diesel should be used to spread fertiliser made with last bit of gas” 4% of EU gas use goes to ammonia fertilizer prod = largest industrial consumer. But has no priority in 2017 EU gas security regs. = crisis waiting to happen. ft.com/content/8f2608… https://t.co/xxa2YDbUzO
Forest-loss around Brazil’s Amazon roadways has intensified and accelerated. Brazil accounts for 40 per cent of global primary forest loss in the tropics. ft.com/content/d57eeb… https://t.co/AYmXRqwvUp
Hourly wages EZ-Uk-US: Jut to put the talk of a wage-price spiral in Europe in perspective. ft.com/content/2c555b… https://t.co/iB1OAuKZbV
RT @NewLeftEViews: Covid-19 excess mortality anywhere between 14.9m (WHO) and 18.2m (Lancet) globally. These are WWI ballpark figures, in h…
The UK was the only major German trading partner reporting a contraction in exports compared with March 2016, ft.com/content/913c7e… https://t.co/nn6eq8WLVC
In 2020 COVID banned flipped the global luxury market from Europe, where tourists were main buyers, to Asia where buyers live. ft.com/content/314bb4… https://t.co/SZOtRcU7wH
Asian shoppers accounted for >60% of global luxury spending in 2021 — market of $300bn ex cars. South Korea’s Shinsegae department store in Gangnam district of Seoul recording sales of $2bn in 2021 = highest turnover for a single store in world > Harrods! ft.com/content/314bb4… https://t.co/8tyVtn4OUO
RT @CharlieLaderman: Thanks @adam_tooze for your kind words & highlighting the importance of accurately reconstructing "perhaps the most fa…
At the WB/IMF spring meetings the talk was of a Marshall Plan. Now Washington is uniting around Lend Lease plan for Ukraine. The move back from 1947 to ’41 has awesome implications. Chartbook #119 adamtooze.substack.com/p/chartbook-11… https://t.co/abkU2YOQDs
I will circulate a link once Tim has submitted the tidied up version. Typos etc need fixing. twitter.com/adam_tooze/sta…
In their remarkable global history of Dec 6-12 1941, Sims and @CharlieLaderman start with a map of global time zones. Essential in an hour by hour account in which the narrative flows around the globe. A historic moment in which time was truly compressed. adamtooze.substack.com/p/chartbook-11… https://t.co/4hdVvpdhx1
RT @UMeasures: @adam_tooze Sustainment includes planned upgrades to both software and weaponry (the pod-based idea). So it's not like it's…
Hitler’s American Gamble by Sims and @CharlieLaderman offers a remarkable blow by blow account of the week in Dec 1941 that decided the fate of the world. Haunting reading in 2022. Chartbook #119 on the echoes of history in the present. adamtooze.substack.com/p/chartbook-11… https://t.co/d3Osa5RiFq
RT @InvariantPersp1: @adam_tooze Here's Nancy Pelosi at JFK's inauguration gala. https://t.co/CyrHiBOSu8
RT @stephenwertheim: Thanks, @adam_tooze! As Adam indicates, I argue that Lend-Lease marked a more profound shift in U.S. strategic calcula…
The F-35 program is expected to cost taxpayers a total of $1.7 trillion across its lifecycle to 2070. Of that $1.3 trn is “sustainment”. defensenews.com/air/2021/07/07… https://t.co/t6nXNVGa61
In pace and volume, US military aid for Ukraine now envisioned by Biden admin surpasses all obvious historical precedents, other than WWII Lend-Lease. Chartbook #119 on the ghosts of history in Washington DC. adamtooze.substack.com/p/chartbook-11… https://t.co/MH2OcA14r8
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.