ADAM TOOZE

Arming the EU — The long road towards a united defence. This dossier by @investigate_eu is timely reading! investigate-europe.eu/en/ https://t.co/ApRrggKXpo

We live in a strange world in which everyone professes to believe the macro-gloom on globalization but prices refuse to follow Summers & Fink in worrying about inflation. Latest cooperation with @FT Unhedged. @rbrtrmstrng @EthanYWu Access via Chartbook adamtooze.substack.com/p/chartbook-un… https://t.co/oQRFdm8gWj

RT @alex_callinicos: Fascinating exchange between @rbrtrmstrng @EthanYWu and @adam_tooze on whether globalisation is over. https://t.co/Sc…

RT @JCastroValdivia: MUST READ, again, by @rbrtrmstrng & @adam_tooze! "There is a lot of talk about reshoring and rebuilding supply chains…

RT @janfleischhauer: Es gibt Minister, die unter dem Druck der Krise schrumpfen. Dazu gehören Christine Lambrecht und Nancy Faeser. Und es…

RT @edbrophy: “Do we really believe that BlackRock is giving up on globalisation as we know it? Putin..makes an all-too-convenient hook on…

Indian and Australian wheat harvests and indeed Russian harvests are expected to offset any loss from Ukraine -> global wheat price spike likely to be temporary. thedailyshot.com/2022/03/29/the… https://t.co/1STxFL0Exk

With Indian and Australian harvests set to surge, the wheat price spike is expected to ebb in 2022-23. H/t @SoberLook thedailyshot.com/2022/03/29/the… https://t.co/kUdxWH3wXM

The rouble is back from the dead. A point @RobinBrooksIIF has been making insistently. thedailyshot.com/2022/03/29/the… https://t.co/g8Q4tC0mne

Europe’s gas stocks are low but within 5 year range with low Gazprom deliveries offset by LNG imports. thedailyshot.com/2022/03/29/the… https://t.co/OwMTnYGiRh

The Goldman Sachs list of market-relevant geopolitical shocks since WWII is striking for what it includes and what it does not. thedailyshot.com/2022/03/29/the… https://t.co/M6RmX86iOw

A new world of currency disorder looms. The Chinese renminbi can be a challenger to the US dollar, but it won’t replace it. By @martinwolf_ ft.com/content/f18cf8… Pairs well with Chartbook #106 on the new buttresses of the $-system adamtooze.substack.com/p/chartbook-10… https://t.co/7sY4y0WVdQ

As @AgoraEW argued, economies of energy use and efficiency are key to handling energy crisis in Europe. adamtooze.substack.com/p/chartbook-10… twitter.com/marceldirsus/s…

RT @SwarnabhGhosh: It’s here!! @AdamDavidMorton @StuartElden @UMinnPress https://t.co/0rzIVGTlH0

@MFratzscher @FuestClemens @MonikaSchnitzer Aber, nicht zu kalkulieren, ist auch nicht vertretbar. Man muss das rigoros heuristisch betrachten. Best guess eben. @BachmannRudi

RT @MFratzscher: Wichtiger Punkt von @FuestClemens und @MonikaSchnitzer , stimme voll und ganz zu. Deshalb sollte die Politik jetzt die Vor…

RT @edbrophy: The latest Fault Lines just dropped. After the dizzying speed & scale of the EU response to Russia’s invasion, the familiar a…

Tension in US Treasury markets. Liquidity down to levels we have not seen since March 2020 panic. This @kateduguid story may be the most important thing you read this morning! morning.https://t.co/pXOSBnatm1 https://t.co/iOjsoHo3or

The market is punishing US companies that, according to Goldman, “rely on international supply chains or have a high international manufacturing footprint.” Investors want to see more onshoring. thedailyshot.com/2022/03/29/the… https://t.co/VHS9L01DgQ

RT @NGurushina: > On the surface, EM current account surplus looks awesome, inviting comments about a bigger cushion against rising US rate…

This by @Zach_CER on huge difficulty of escaping dominance of Western currencies is absolutely excellent. cer.eu/insights/russi… Pairs very well with Chartbook #106 on new buttresses of $ system. adamtooze.substack.com/p/chartbook-10… twitter.com/Zach_CER/statu…

Interesting new research by Barry Eichengreen et al finds accumulation of reserves in Australian, Canadian and South Korean currency. imf.org/en/Publication… Does this imply an erosion of dollar system? Hardly, I argue in Chartbook #106 adamtooze.substack.com https://t.co/LbjRkTYuVC

With various teams of co-authors, Barry Eichengreen has long been making the case for a serious erosion of dollar’s centrality to global finance. Most recently in @FT ft.com/content/5f1327… I’m not convinced. Chartbook #106 on new buttresses of $-system adamtooze.substack.com/p/chartbook-10… https://t.co/t26yZUcsVP

Russia’s diversification out of dollars into euros turned out to be a difference that didn’t make a difference. On the new and old buttresses of the US dollar system. Chartbook #106 h/t @JosephPolitano adamtooze.substack.com/p/chartbook-10… https://t.co/04fOOemjpR

@MehrsaBaradaran Thanks Mehrsa.

RT @ForeignPolicy: What kind of economic function does the Mafia serve, and how does it get its start? FP’s @adam_tooze explains in our Q&A…

RT @FrDe2059: Educative @adam_tooze debating @B_Eichengreen over the decline of the dollar as international reserve currency (regularly ann…

RT @IranWonk: One of my favorite @adam_tooze Chartbooks yet comparing arguments for/against Dollar's decline as a reserve currency. One of…

The future of the dollar system is much in the news right now. Chartbook #106 on some new facets of the non-dollar-dollar system. adamtooze.substack.com https://t.co/okYPzyNri3

New buttresses of the dollar system. Chartbook #106 just dropped on the ramifying network of the non-dollar-dollar-system. adamtooze.substack.com/p/chartbook-10…

I'm a little overwhelmed by all the personal attention and kind words unleashed by the generous profile of my work by @mollyhfischer & @intelligencer Just wanted to say thanks to everyone & drop Chartbook #105 on Heat Pumps and European Energy sovereignty. adamtooze.substack.com/p/chartbook-10…

To be "realistic" about Europe's options for energy when faced with Putin, you probably have to know a lot about heat pumps, insulation & boilers and know it not in the abstract, but embody that knowledge in a huge labour force. Chartbook #105 just dropped adamtooze.substack.com/p/chartbook-10…

@TheStalwart Hi Joe Hi @gsignoret your comment MOST kind and much appreciated. Though I am lucky to have many friends and fellow travelers I have never managed to build an assembly line. I suck at that kind of organizing.

I'm a little overwhelmed by all the personal attention and kind words unleashed by @mollyhfisher & @intelligencer very generous profile. Just wanted to say thanks to everyone and drop Chartbook #105 on Heat Pumps and European Energy sovereignty. adamtooze.substack.com/p/chartbook-10…

The EU is not ready overnight to become a gas-buying cartel at scale. It will have to build up expertise and boost its regasification and domestic piping capacity. But this is the time to push for an energy union. Excellent by @MESandbu ft.com/content/c84f24… https://t.co/gLrVXyhYgB

Land-based LNG import terminals take at least five years to build. Floating storage & regasification units — each of which can typically import about 5 bcm a year — are cheaper and quicker to install. But they too take years & Europe needs lots of them. ft.com/content/bc5f79… https://t.co/MFL3kEHyPS