ADAM TOOZE

RT @Florian_Forster: @adam_tooze I love hydropower plants, massive pipes and bold colours https://t.co/hIEj1k1VCv

"The Biden admin has insisted western sanctions against Russia are working despite a rebound in value of the rouble against $ … senior US Treasury official said the administration believed the real value of the rouble was deeply impaired.” ft.com/content/39acf9… https://t.co/hwtSmJt3AZ

China’s trade with the EU was worth €1.9bn a day, compared with €330mn daily with Russia, von der Leyen said, suggesting Beijing’s attitude to the war could threaten that flow. ft.com/content/5aff68… https://t.co/EG2y2QCWZT

RT @njtmulder: “You can’t judge by end states, you need to judge the actual historical processes that produce whatever state people are in…

RT @edbrophy: Really enjoyed discussing the economic war and war economics with @njtmulder Everyone should read ‘The Economic Weapon’, his…

"Xi “did not condemn, but also did not defend” Putin’s invasion, according to a person present during the video call, adding that the Chinese president ignored a direct question from Michel as to whether he supported the invasion." ft.com/content/5aff68… https://t.co/1Q9xxXlRNL

China’s president called on the EU “to pursue an independent policy towards China” — a thinly veiled criticism of European solidarity with the US in blaming Russia for the crisis ft.com/content/5aff68… https://t.co/jOoorBc7bU

RT @RobinBrooksIIF: Much of the Ruble recovery is fake, because capital controls prevent Russians from taking their money out of Russia. Bu…

RT @jameskmcauley: My take on the demise of the French left @nybooks nybooks.com/articles/2022/…

Signalling that US gov will replenish petroleum reserves when prices fall to $80/barrel sets a longer-term price “floor” that is higher than where futures are trading now & oil shareholders may seek even higher prices before raising production. Ouch! ft.com/content/99f83e… https://t.co/jaA6sXN3g2

@Jderbyshire Oh god … that kinda breaks my heart a bit. I hate this.

Is there a functional reason for gas installations to have such striking paint and lighting? Easier to detect leaks? Or does someone at Gazprom just like pimping their plant? ft.com/content/9525f6… https://t.co/TBW6YUId7T

RT @Roshanjnu: Beginning today I will be writing a weekly column for HT Premium which will look at a political economy puzzle facing contem…

"If the US intended to position itself as the world’s swing crude producer, its announcement may inadvertently underline the continuing clout of Opec.” Ouch! ft.com/content/99f83e… https://t.co/ocVqekN6q1

RT @jeffs2009: The Global Economic Consequences of Putin’s War? My @whowhatwhy conversation with economic historian, and author of the Cha…

RT @Artzee_eff: @adam_tooze Just like Iran with the rial. They are both no longer free floating currencies. The official value for the both…

RT @amyomilstead: I’m speechless. Delivered in a sealed envelope and she ran before I could read it. https://t.co/ufU1MMHwcT

Looking for an example of an EM where surging energy and wheat prices might trigger imminent crisis? Example #2: Tunisia where there is a full blow constitutional crisis, stalled IMF talks, no prospect of loans. ft.com/content/72f589… https://t.co/rTwUfZZyj7

@DougieGordie @AliAhmadi_Iran I am not one to decline an interesting invitation. I am pretty certain I have never been asked.

Looking for an example of an EM where surging energy prices and debt are leading to acute crisis? -> Sri Lanka is threatening to descend into chaos with 13 hour blackouts and rioting over fuel shortages. ft.com/content/5ea566… https://t.co/mBgyYOaIAK

Is it time (really) to worry about an emerging markets crisis? David Lubin of Citi thinks so. Why? Previously @IMFNews Was creditor friendly. Now "a debtor-friendly institution” (sic) -> there will be restructuring & that will be messy. ft.com/content/20377e… https://t.co/DmRGi4dPQi

"There is also possibility that the war just isn’t that important, financially. The horror .. the misery … its devastating effect on the economies of the two countries involved, may make us overestimate its global economic impact.” Spot on @rbrtrmstrng ft.com/content/bfa480… https://t.co/GRb42Hz7qd

RT @BCLMacro: @moyeenislam @DuncanWeldon @adam_tooze @ChrisGiles_ @toby_n Indeed. And that 5 includes a year at the front at 10/11 % so act…

RT @toby_n: @DuncanWeldon @adam_tooze @ChrisGiles_ @moyeenislam Extracting a mkt expectation from UK CPI swaps arrives at the following: ma…

@AliAhmadi_Iran Have to say that I had no idea …

@Ritornell0 @AimeTim @GenofMod @BrunoLatourAIME Yeah the Bordeleau essay is FANTASTIC!

A war, you say? "stocks don’t seem to care. Even in Europe, where many expect at least a mild recession, stocks are basically unchanged since Vladimir Putin launched his invasion of Ukraine” Nice column from @rbrtrmstrng at Unhedged this morning. ft.com/content/bfa480… https://t.co/Kdo5j8roPb

“In their flight toward the future, the Moderns are absent to themselves” Profoundly grateful to @AimeTim for his essays on katechon and for leading me to wonderful essay by Erik Bordeleau on debate btw @BrunoLatourAIME and Donna Haraway about apocalypse academia.edu/13375510/Bruno… https://t.co/5iwNVkZ9NM

One of sweetest things @ediecontooze tried as a kid was to see whether she could get me into these games 🙂 @DuncanWeldon twitter.com/DuncanWeldon/s…

Moscow has managed to fend off a collapse of the country’s financial system, but at the cost of further isolating Russia from global finance -> price of fx is no longer good indicator of financial conditions. ft.com/content/4ebde1… https://t.co/39R5Joi3iQ

“Enough of lavishing excessive profits on investors in payouts & buybacks when American people are watching” Use drilling rights on federal land or lose them. Biden pivots to full blown oil-productivism! Oh & “calls on Congress” to pass clean energy bill. ft.com/content/6748e5… https://t.co/okBkifCgp7

RT @TomStub: @adam_tooze @DuncanWeldon @ChrisGiles_ Once you adjust for the RPI/CPI wedge the UK is less exceptional than it first seems an…

@Pseudodragon_ Cool. Thank you.

RT @Pseudodragon_: @adam_tooze The Kenyan government started subsidizing fertilizers in 2007. The subsidies have been scaled back over time…

RT @RoyCobby: @adam_tooze Probably worth revisiting Durand and Milberg (2020) on Wal-Mart's digitalisation of its supply network in the con…

Well this is an intriguing development. twitter.com/Econ_4_Everyon…