ADAM TOOZE

RT @Skolimowski: Excellent post from ⁦@adam_tooze⁩ about Ukrainian refugees problem with exchanging hryvnia banknotes. We covered the topic…

RT @snarwani: All French companies working in Russia remained in the Russian market, the Franco-Russian Chamber of Commerce said Monday. "N…

RT @KyivIndependent: ⚡️ Reuters: French automaker Renault resumes production in Moscow. On March 22, the company decided to resume operati…

Why has ECB so far not responded to fx needs of millions of Ukrainian refugees? “No monetary financing”-rule bites again! ECB forced to wait for elaborate agreement amongst national Govs who have to provide a guarantee for its precious balance sheet! adamtooze.substack.com/p/chartbook-10… https://t.co/R6CTwVrWMg

Why isn’t ECB responding to fx needs of Ukrainian refugees? Because its precious balance sheet cannot be put at risk, because taking a loss would be tantamount to monetary financing. Kant had a word for this: “self-inflicted immaturity”! Chartbook #103 adamtooze.substack.com/p/chartbook-10… https://t.co/BE2TQK77jS

Ought it not to be a matter of shame that central banks of EU members not in Euro – Poland, Bulgaria, Romania – are able to respond promptly to fx needs of Ukraine’s refugees, whereas the far-richer eurozone members are paralyzed? Chartbook #103 adamtooze.substack.com/p/chartbook-10… https://t.co/VXE7KRjp5i

@leee_harris @70sBachchan @ddayen And every wide awake non-fiction literary agent with their eyes on the twitter feed ought to be after him TODAY. The threads speak for themselves.

Ought it not to be a matter of shame that central banks of EU members not yet in Euro – Poland, Bulgaria, Romania – are able to respond promptly to the needs of Ukraine’s refugees, whereas the far-richer eurozone members are paralyzed? Chartbook #103 adamtooze.substack.com/p/chartbook-10… https://t.co/JWGXOrUWBf

RT @leee_harris: @adam_tooze @70sBachchan isn’t it fantastic!! next up, maybe @ddayen will commission installments from @70sBachchan’s book…

Polish central bank has put in place a mechanism to allow Ukrainian refugees to exchange Hryvnia for zloty at reasonable rate. Bulgaria and Romania working on plans. But the ECB remains paralyzed. Chartbook #103 on the limits of Euro monetary sovereignty adamtooze.substack.com/p/chartbook-10… https://t.co/UYRm2rkgw1

@ernestleungmt You sir, are making me very happy!

RT @leee_harris: “What emboldened Putin was not only petroleum flows, but the herd behavior in financial markets,” @70sBachchan writes. Br…

Oh WOW is @70sBachchan getting into the reviewing game @leee_harris ? …. News makes my morning! twitter.com/leee_harris/st…

Soft Landing in Heavy Weather … In Chartbook #102 I wrote about the “no drama” policy of Powell’s Fed … adamtooze.substack.com/p/chartbook-10… To which there is one signal exception: James Bullard. twitter.com/michaellachlan…

Ukraine’s existential struggles put the value of Hryvnia in question and creates desperate need on part of refugees to exchange for euro. What that exposes is the embarrassing incapacity of the ECB to respond to emergencies. Chartbook Newsletter #103 adamtooze.substack.com/p/chartbook-10… https://t.co/mKBMaAn4ym

RT @maxkrahe: EZ lack of monetary sovereignty, refugee/hryvnia edition. Infuriating. (from @adam_tooze's latest CB) No sovereignty may have…

RT @MkBlyth: The limits of 1990s thinking strike back – again. @adam_tooze on when restrictive central bank mandates bite back: https://t.c…

How Ukrainian refugees' need for cash painfully exposes the limits of euro sovereignty. Chartbook #103 just dropped: adamtooze.substack.com/p/chartbook-10…

RT @JavierBlas: COLUMN: The world is fixated on the war’s impact on energy markets. But alongside oil, steel is in crisis-mode, with prices…

The first tulip fields are flowing in the Netherlands. Check out @OnesandToozePod on the floricultural industry. podcasts.apple.com/us/podcast/the… twitter.com/CopernicusEU/s…

RT @EnemyInAState: BA2, COVID, Germany: Wow, Germany is surging hard! out of control—51% test positivity and RISING: basically they have to…

RT @jraimo: Bruno Latour (@BrunoLatourAIME) : "Il ne faut jamais simplifier le réel" (par @AdeleVanReeth, @Philochemins sur @franceculture…

RT @OnesandToozePod: Spring has sprung 💐 So what does that mean for the $8.5 BILLION global flower industry? @adam_tooze and @CameronAbadi…

Data released by China’s health officials this week revealed that about 50mn Chinese aged 60 and over — 20 per cent in that age bracket — were not fully vaccinated. Seems less bad than some of the data we have seen in the West. ft.com/content/91e91a… https://t.co/0KGSwIcjcM

Rising cost of fertiliser and feed supplies Bad weather in NZ, USA and Australia rocketing gas prices -> price of globally traded milk products is surging. ft.com/content/e66968… https://t.co/KYo84qvdrD

New Zealand is known as the “Saudi Arabia of milk” because it controls 35 per cent of global exports. Fonterra is the world #1 dairy exporter. EU adds another 35%. ft.com/content/e66968… Dramatic but not quite in line with these US data fas.usda.gov/dairy-2020-exp… https://t.co/ZtnWP5LxvN

@Borners1 @sjeffrey01 @APHClarkson @WorldBank What is best to read on ‘can kill Russian BTGs” reforms?

Saudi Aramco published spectacular earnings, morning after the Saudi-led coalition at war in Yemen said Houthi rebels had targeted kingdom with drones and ballistic missile. An attack in 2019 temporarily cut the country’s oil production by half. Hmmm … ft.com/content/df4794… https://t.co/DuPeQ0HGut

RT @jfkirkegaard: CC: @adam_tooze – corporate IT seems on the move if "gradual" twitter.com/aspeciale/stat…

@APHClarkson @WaschukCanUA @Borners1 @WorldBank So Ukraine’s per capita gdp is by your estimate @WaschukCanUA approximately the same as that of Poland?

Saudi Aramco is in the process of increasing its maximum oil production capacity from 12mn to 13mn barrels a day by 2027. Capital expenditure in 2021 was $31.9bn and would increase to $40bn-$50bn in 2022, the company said. ft.com/content/df4794… https://t.co/Douc14Uomw

Ingka Group, whose 17 Ikea stores, nine planning studios and distribution centre in Russia employ 12,000 people is guaranteeing 3 months salary and working on a sanctions horizon of 6 months. ft.com/content/86144c… https://t.co/4sLY24NrZ2

In early March the Vix curve inverted, meaning that investors were more worried about the next few weeks than the situation later in 2022. Now a more normal pattern has returned, with greater need to hedge risks that are further out. ft.com/content/53db5d… https://t.co/Q37UQHosPZ

Even as McDonald’s suspended operations at its 850 Russian restaurants, it promised to continue to pay its 62,000 employees there. Interesting sanctions calculus here! @njtmulder ft.com/content/86144c… https://t.co/mUIVFLKazW

Italy has already spent €16bn since last summer to try to shield poor families and small businesses from surging energy costs. Now proposes windfall tax and subsidy for those on low incomes -> confindustria hates it. ft.com/content/119251… https://t.co/4ePO4CKlvF

@igor_samohin @Borners1 @APHClarkson @WorldBank WOW. Thats a nasty big correction