ADAM TOOZE

The average age of US government structures has doubled since WWII. thedailyshot.com/2022/01/05/4-5… https://t.co/hakX4ScGTi

"The triffid’s day has come: designing with invasive plants Demonised species such as Japanese knotweed are used as renewable raw materials for furniture and textiles” … ok. I just love this. Tsing’s ruination takes over @FT lifestyle section! ft.com/content/44be0d… https://t.co/CBbiucrAjL

USD/TRY is testing resistance at 14.0 to the dollar as the lira weakens further. thedailyshot.com/2022/01/06/fom… https://t.co/wCFT9XypEQ

RT @ummodern: Fed’s incoming FOMC voting member thinks policymakers should surrender policy to long-term trends. This’s an inhumane approac…

"Asset managers Nomura, BMO and GAM et al have written to leading pharmaceutical companies urging them “to make the global availability of vaccines part of the remuneration policy of managers and directors”. There has got to be a better way! ft.com/content/948196… https://t.co/skSq2l5tAz

@bhbradlow Very cool. Thank you!

@yeselson @bucephalus424 Arguably the peasant modernization element is distinctive and is what links Gorbachev to LBJ.

RT @mirkotavos: @adam_tooze Disparity is surely high, but the map exaggerates it since it makes no reference to the huge disparity in resid…

@Chris_A_W @dsquareddigest @Metatone2 @BeijingPalmer "As long as the music is playing, you've got to get up and dance,” Charles Prince en.wikipedia.org/wiki/Charles_P…

RT @dsquareddigest: @Chris_A_W @Metatone2 @BeijingPalmer I was one of the about 12 people in England who saw Asian Dub Foundation's "Qadaff…

@bucephalus424 I like your Gorbachev thesis, but Schroeder is pretty hard-scrabble too. His mother was a widowed Truemmerfrau was she not?

Credit growth in South Africa collapsed in 2008 and has not really recovered. thedailyshot.com/2022/01/06/fom… https://t.co/fmTfKVSTUJ

@NNnadramija Sliding? Wobbling? Or simply devaluing?

@bucephalus424 I agree, but when you think about it: Thatcher, Gorbachev, Clinton, Schroeder are all dramatically upwardly mobile. Berlusconi! In fairness, Obama too. Non?

Remember back in 2008 when energy stocks, riding high on huge oil prices, matched tech in the S&P500! ft.com/content/93dffd… https://t.co/qzpraE9rAV

Brazil’s debt-to-GDP ratio has peaked for now thedailyshot.com/2022/01/05/4-5… https://t.co/phYqfFW6jF

@GustavAHorn @HopnerMartin @MartinBraml Happy New Year Gustav, I assume that we agree that they should have run Germany hot to relieve deflationary pressure on the rest of Europe, so this is not a success story, but certainly an answer to inflation fear mongering.

@shortl2021 @rbrtrmstrng Yup. There was an even worse 2008-style nightmare that some used to fear. Isnt the regime deliberately accepting this heavy price to avoid that stability-threatening scenario? @michaelxpettis

“Imagine, it took people like myself to pioneer horizontal drilling,” Harold Hamm king of shale says. Not ExxonMobil or Chevron, which initially ignored the shale developments on their own doorstep. “It came from the little people.” H/t @Derek_brower ft.com/content/93dffd… https://t.co/6xqjgQsULk

@rbrtrmstrng Well taken. But aren’t we rather quickly forgetting the big worry we used to have i.e. that this bubble would go unpricked and, at some point, pop, resulting in a catastrophe. In light of our own experience in 2008 the remarkable thing is the (costly) preemption.

The value of offshore-listed Chinese firms fell in 2021 v. Home-listed firms. wsj.com/articles/chine… https://t.co/MMC1440Psf

Or perhaps @michaelxpettis (Happy New Year!) the protracted nature of the workout will unleash further negative dynamics? twitter.com/adam_tooze/sta…

After an "unprecedented year of dangerous inflation”, where is the German CPI level now? EXACTLY where you would expect it to be on a 2 % trend. H/t @MartinBraml for a great thread. twitter.com/MartinBraml/st…

RT @DuncanWeldon: @adam_tooze Not seen a great deal on the discourse. Worth looking back to circa 2011-2014 when “the cost of living crisis…

Important by @rbrtrmstrng to switch focus back to "slow-motion" China crisis. But surely we need balance. China had a huge bubble. Rather than waiting for it to burst, they pricked it. Result is messy. We wouldn’t want it to be fast-moving too, would we? ft.com/content/436557… https://t.co/CYKzZyaHMz

‘Republican, Democrat . . . I’m an oilocrat’ Check out this @derek_brower piece about the king of shale, Harold Hamm. ft.com/content/93dffd… https://t.co/8kMa04e3W1

The Kazakh tenge is plunging. thedailyshot.com/2022/01/06/fom… https://t.co/TbVXQidnBZ

Delivery times for chips rose in December to 26 weeks, signaling persistent component shortages that have slammed growth for months in industries that span the economy. bloomberg.com/news/articles/… https://t.co/8mOLU4PHvK

Lets hear it for team transitory. Excellent from @economistmeg ft.com/content/62ef08… https://t.co/qJMyTaeZ3k

In greenfield cross border FDI since 2003, Italy ranks below Peru on a par with South Africa, well below Romania. All the eurozone countries are disappointing, but this is a disaster. ft.com/content/885c47… https://t.co/sIE3rfZ4Og

RT @JoMicheII: I'm enjoying @MESandbu's advocacy of full strength Keynesianism in the FT. Bringing some much needed balance to this fine pu…

@bucephalus424 Fantastic point. Very cool idea. And you are right about class lines. But it also true that more people had grown up that way including members of my family on both sides. In Uk it just meant being working-class. In the US it just meant you were a small farmer in much of South.

RT @Noahpinion: This is the future you were promised twitter.com/HiraethResists…

If I read this data correctly almost 7 % of the workforce in America’s accommodation and food services quit last month. axios.com/workers-quit-j… https://t.co/ppZh3gfkeB

Know why baked potatoes are so mysterious? Tin foil hats! … Tin foil hats! Hilarious from @derDexter twitter.com/derDexter/stat…

RT @GioFaggionato: Non solo il Sud, guardate Marche e Umbria… twitter.com/adam_tooze/sta…