December 10, 2021
The surge in America’s trade deficit in 2020 is a huge difference to the 2008 shock. thedailyshot.com/2021/12/08/cou… https://t.co/Qsx44wPZ8V
The surge in America’s trade deficit in 2020 is a huge difference to the 2008 shock. thedailyshot.com/2021/12/08/cou… https://t.co/Qsx44wPZ8V
RT @DavidpStein: This conversation between @NathanTankus and @adam_tooze is just phenomenal. Listen right now. crisesnotes.com/notes-on-the-c…
RT @owengaffney: @fichtner_jan @adam_tooze On seeing this tweet immediately thought @adam_tooze should read Jean-Francois Mercure's ground…
RT @OnesandToozePod: Today's data point: 111 That's the number of countries the Biden administration invited to participate in this week'…
Unlike in the US where investment is surging, investment in the eurozone is well off its pre 2020 peaks. thedailyshot.com/2021/12/08/cou… https://t.co/rUPUKVXzMd
Gotta love a graphic in which the periodic table is mapped in geoeconomics terms. pubs.usgs.gov/of/2020/1127/o… https://t.co/SPyGHGSId8
No sign of any credit crunch in the US Muni market. Data from @SoberLook thedailyshot.com/2021/12/09/use… https://t.co/rzJsaYivsX
Given the rate at which China is importing US ag, it is almost as though China has decided to honor Trump’s Phase I deal! thedailyshot.com/2021/12/09/use… https://t.co/t48iOMNDCf
Real estate has been a huge part of China’s gap – 25% of total. thedailyshot.com/2021/12/09/use… https://t.co/XUj4JG0CyM
Copper inventories hit the lowest level since 2006. thedailyshot.com/2021/12/09/use… https://t.co/TrWhQlAgQ7
True to form Beijing would now unleash a major credit impulse. But can they deliver that if the real estate system is in crisis? thedailyshot.com/2021/12/09/use… https://t.co/oIzb2TDs60
How the bottlenecks at the West coast ports developed. The 1st surge comes over winter of 2020-1. The second from July 2021. freightwaves.com/news/its-offic… https://t.co/AmpUm24GnH
RT @NathanBrandWA: NEW CNBC polling with a big 👀 Which party would you prefer to control Congress: 44% – Republicans 34% – Democrats 🚨…
"US industries have become much more concentrated in recent decades. The average Herfindahl-Hirschmann Index (HHI) has risen 90% since the start of the 2000s.” @SoberLook thedailyshot.com/2021/12/09/use… https://t.co/neANnAXYOj
Investment in hydrogen production has exploded. thedailyshot.com/2021/12/08/cou… https://t.co/oVunfsmFSP
The logjam at the Port of LA emerged quite suddenly as of September. bloomberg.com/news/articles/… https://t.co/yOGKyl2YY5
The coming fiscal crunch in the EM in 2022 is going to impact heavily if growth is not buoyant. thedailyshot.com/2021/12/08/cou… https://t.co/swTG3GidUK
The backup outside the adjacent ports of Los Angeles and Long Beach, California, involves 96 container carriers, up from 86 on Nov. 16 bloomberg.com/news/articles/… https://t.co/DrTVltAU21
RT @IEA: Renewables are on track to account for nearly 95% of the increase in global power capacity through 2026, with solar PV alone provi…
RT @DEHEdgerton: Very pleased to see this essay/review of my Rise and Fall of the British Nation in the DRB! drb.ie/articles/this-…
RT @RobCross247: From Stafford Prison to the Gresham Hotel Michael Collins ('x' over his head) in Stafford Prison, Staffordshire, England a…
RT @NathanTankus: Do you need much more introduction? It's the second Notes on the Crises episode. I talked to @adam_tooze. We toozed out.…
"Economic gravity is like physical kind. For small bodies, it determines their possible orbits. For big ones, it’s force with which it attracts others. If goal is to build a deeply EU-centric international economy, saying so would be more honest” @MESandbu ft.com/content/2d8ba3… https://t.co/qi5N2ckwrR
"EU’s Global Gateway mantra in Brussels is “links, not dependencies” this is misleading. EU wants — and should want — to create dependencies EU’s doctrine must be that not all dependencies are equal, & tying yourself to EU is better! tbh.” Amen @MESandbu ft.com/content/2d8ba3… https://t.co/AzZAxizocL
“Mantra in Brussels is “links, not dependencies”. But this is misleading. EU wants — and should want — to create dependencies. Regulatory convergence does that, as would Global Gateway's networks”. @MESandbu Whether EU counter to BRI is for real. ft.com/content/2d8ba3… https://t.co/4WPohtcKJ5
"Better late than never, and better something than nothing. That would be a justified, if curmudgeonly, reaction to the Global Gateway, the infrastructure investment plan with which the EU” wishes to counter China’s BRI. Excellent @MESandbu ft.com/content/2d8ba3… https://t.co/vvf9ZmrASP
Whilst wealth share of top 1 % remained stable in 2020, within that group, the shares of the top 0.1% and of billionaires increased. @MESandbu on world inequality report. ft.com/content/66986a… https://t.co/8fVDyAhkDD
RT @yorksranter: great @adam_tooze post on 20 years of probably the most influential analyst insight in the world ever: https://t.co/4RTyfs…
So here is the rather dramatic graph showing the shock to manufacturing in Germany, Spain, France and UK in 2008. All take a hit. ONLY Germany recovers from 2008 trough. Hit to Spain is savage. fred.stlouisfed.org/graph/?g=JEYq @ErikFossing @M_C_Klein @MESandbu https://t.co/ZvArtbuaex
@MESandbu @ErikFossing Hey folks. Thanks for the all the reactions. Definitely was NOT trying to make a cheap anti-EU point. Have been curious about these industrial production series for some time. Gotta go to the source as @MESandbu suggests. Question about industrial production v. Gdp stands.
EU ETS prices continue to surge over 80 euros. bloomberg.com/news/articles/… https://t.co/SI2OPw9elb
Given energy’s modest share of EU household expenditure, if energy price hikes become a social crisis it is the result of political choice or neglect. ec.europa.eu/energy/sites/d… https://t.co/QQcecrJLme
Meet Germany's new Agriculture Minister with his certificate of appointment clipped on the baggage rack of his bike. I kid you not. twitter.com/felixzimmerman…
RT @Phil_Free_: “Andrew Elrod argues: ‘So long as journalists & thinkers continue to imagine ‘inflation’ as a monolithic historical experie…
RT @tedfertik: I wrote a sprawling dissertation on the origins of overtly geostrategic official lending in the US in the 1940s, so naturall…
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