ADAM TOOZE

RT @thhamilton: You don’t need to know anything about cricket, or care about it, to understand that this is a completely ridiculous thing t…

RT @MonaAli_NY_US: <the dollar on a war path> Still waiting for the St Louis Fed to update its nominal broad dollar index but this will do…

RT @kamilkazani: If Xi Jinping really urged Putin to wait with his invasion till the end of Beijing Olympics, that's hilarious. That would…

@ntrickett16 @BuddyYakov @AlexHazanov @Frances_Coppola Point surely is that if inflation kicks up and living standards get squeezed they can simply top up salaries and pensions.

@BretDevereaux @AdrianBonenber1 @BeijingPalmer @MattSchiavenza For sure. I guess I am still assuming that the war of large-scale bombardment will not be protracted. I may be wrong. @BuddyYakov

RT @njtmulder: "Sanctions are no longer scalpel-like instruments that exploit globalisation. At their current scale, they're a tempest that…

RT @rajan_menon_: @anneapplebaum Ms. Applebaum, surely this kind of smear against John Mearsheimer is beneath you. You’re always eloquent i…

@sebastienroblin Thanks for replying. My question is basically: If we supply 1000 javelins how many tanks would one figure on knocking out? Ballpark…? 100, 500, 800? Seems from this data it might even by 900. audacy.com/connectingvets…

The confusion is analogous in some ways to the confusion of sanctions as a punitive measure imposed within a stable system by a superior power on a weaker power with the deployment of economic and financial tools in an on-going combat. twitter.com/EvansRyan202/s…

RT @EvansRyan202: "Contrary to what so many in the commentariat seem to believe, a no-fly zone is not a military half-measure. It is a comb…

RT @njtmulder: "Sanctions are no longer scalpel-like instruments that exploit globalisation. At their current scale, they're a tempest that…

@sebastienroblin Hi Sebastian, thanks for the great compilation. Is there any way of estimating kill ratios i.e. the number of rockets you need "on average" to kill one tank? Is there any data at all so far? Thanks for your efforts.

@dbeffert Seems like someone was missing with me.

@dbeffert Taken it down.

@BuddyYakov @AlexHazanov @Frances_Coppola You dont think everyone living off a public sector salary or pension might be counted grosso modo. I got that impression from @ntrickett16

@DanielaGabor @JoMicheII @BenChu_ @jdportes @MKasyanov Yeah the funny thing is I am literally just quoting them. And sure, unsurprisingly, their usages are a bit sloppy. Certainly one could substitute neokeynesian or simply Keynesian, but they don’t.

Copper is vital to the electrification drive that is at the core of the global energy transition. But global production of copper peaked in 2015 -> a major gap is opening up with global economic activity. thedailyshot.com/2022/03/02/cru… https://t.co/TXWi9e6v4I

The stagnation of South African GDP per capita since 2008 means that it has slumped from tracking the global median to below the bottom 25% in the world. @IMFNews via @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/W8tHYWerlk

The financial squeeze in China is producing a dramatic slowdown in construction activity. H/t @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/xBUcYTXg4V

@Frances_Coppola Great thanks .. im making a list: Tech tick Military-industrial inputs tick Clearly, if this is to do any good from the regime’s point of view it would need to be targeted at the welfare functions of the core Putin constituency. H/t @BuddyYakov

Great conversation with Chris Lydon at @radioopensource a deep humanist and an inspiring conversational partner. A privilege to talk to him this last week. twitter.com/radioopensourc…

Rising uncertainty sends billions surging into Treasuries and yields plunging. Key data from @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/gKpaBXF2u9

Brent oil prices are watched anxiously in the US because they correlate closely with gas prices in the US. @SoberLook thedailyshot.com/2022/03/02/cru… https://t.co/NZljGwQwFv

@AlexValchyshen Hi Alex thanks for your response and for your earlier thread that was very illuminating.

@BenChu_ @jdportes @MKasyanov The issue is exactly how much supply is destroyed by the sanctions, whose supply and how much freedom is gained with exchange control measures.

With nervousness in markets at a high pitch, US Treasury market liquidity is hardly what you would wish it to be. @SoberLook thedailyshot.com/2022/03/03/com… https://t.co/ZdkOcJkRG0

Since the end of January the shares of Peabody Energy, America’s largest coal producer, have doubled in value. H/t @SoberLook thedailyshot.com/2022/03/03/com… https://t.co/Hos3Zlne1t

RT @michaelxpettis: 1/9 Another interesting piece by Adam Tooze in which among other things he notes Russia's intensively conservative mone…

@BenChu_ Sure that’s a pain if you want some new tech. But lets make a list, weight them in consumption bundle and in relation to gdp and their likely distributional effects v. raising pensions and civil servant salaries, for instance.

@BenChu_ Here to be schooled on this question. How damaging are the sanctions so far to actual supply? What has actually been cut off?

As everyone looks for alternatives to Russian coal, prices in Asia have gone vertical. Dramatic date from @SoberLook thedailyshot.com/2022/03/03/com… https://t.co/1FbEMOEhur

RT @ntrickett16: @adam_tooze Even funnier wrinkle: they used mortgage subsidies to juice construction in 2020 laying the foundation for a s…

RT @stellarossssa: How on earth does a statue of Engels go against solidarity with the Ukrainian people? Engels is literally German, this…

MMT in Putin’s Kremlin ..?!? You might suspect me of distasteful polemics. But, staggering thing is it's literally true. Shouldn’t be surprising. It matters because it points to need to talk about Russia’s macro response to sanctions. Chartbook #91 adamtooze.substack.com/p/chartbook-91… https://t.co/UftXwkgRPx

Remember conversation we were having about GWOT/Keynesianism and indeterminate politics of macroecon. adamtooze.substack.com/p/chartbook-34… Well, it turns out there are folks in Kremlin who read MMT! Ok, I'll admit it, my mind WAS blown. But when you think about it.. adamtooze.substack.com/p/chartbook-91… https://t.co/ovOb20HDSn

European gas futures are up 8fold since June 2021. Great graphs as ever from @SoberLook thedailyshot.com/2022/03/03/com… https://t.co/btMZEQvYRG