December 6, 2021
@triofrancos Thank you Thea. Much appreciated. You put your finger very precisely on a major point of disagreement.
@triofrancos Thank you Thea. Much appreciated. You put your finger very precisely on a major point of disagreement.
Chinese local government land sales have plunged in 2021 and as @michaelxpettis points out that is a very serious issue indeed. Great data from @Gavekal via @SoberLook thedailyshot.com/2021/12/02/the… https://t.co/qzwlmspbuA
Since 2012 cumulative total returns on 10yr Chinese gov bonds has outpaced US Treasuries and Bunds, which according to @Gavekal are “uninvestible”. thedailyshot.com/2021/12/02/the… https://t.co/KUBkZZyAFB
The surge in South Africa’s unemployment rate from an appalling plateau of around 25% to an even more disastrous 35% is staggering. thedailyshot.com/2021/12/02/the… https://t.co/MRONHwOkkK
RT @RobinBrooksIIF: Focus on nonsense output gaps in Germany's coalition agreement – thanks to @PhilippaSigl – is a game changer. Time for…
LatAm and Caribbean have seen huge surge in remittances in 2020-2021. thedailyshot.com/2021/12/02/the… https://t.co/60DrrrNZvQ
The surge in Mexican remittances to record levels is a remarkable example of spillover of US stimulus to one of its most important neighbors. Or is that too benign an interpretation? thedailyshot.com/2021/12/02/the… https://t.co/myRP1wIMJZ
RT @DuncanWeldon: Possibly naive question: why isn’t hugely ramping up hospital and ICU capacity on a permanent basis part of the long term…
@DdTABEI @andrewbatson @OxfordEconomics @TheEconomist @georgemagnus1 @michaelxpettis Oh NO! @S_Rabinovitch switched from China to the US …. Terrible news. His stuff was fantastic!
@andrewbatson @OxfordEconomics @TheEconomist @georgemagnus1 @michaelxpettis Thank you Andrew, George, Michael for these really illuminating comments. Really helps to put context around the graphs!
This is a staggeringly important chart. Remittances overtake FDI, ODA and portfolio flows to low and middle-income countries ex China. thedailyshot.com/2021/12/02/the… https://t.co/DE4SzUmhmX
@ummodern @policytensor @M_PaulMcNamara @emeyersson Seriously? Wow. Impoverish the country so as to create embattled sense of crisis? Welfare dependence? To avoid modernization?
For all the ruckus in Brazilian fiscal politics, the debt to GDP ratio is coming down and markets are not showing many signs of market jitters. thedailyshot.com/2021/12/02/the… https://t.co/1ksBHWsGyf
In 2020 the US oil industry took out 2 m bbl/d in production and have restored only a fraction since. thedailyshot.com/2021/12/02/the… https://t.co/Zg4fK39poX
Is key to Erdogan's supposedly mysterious economic policy simply the boost that weak currency and negative real rates gives to domestic borrowers, exporters and the construction sector? Strong thesis from @policytensor Make sense? @M_PaulMcNamara @emeyersson @ummodern twitter.com/policytensor/s…
November 2021 ended with the Treasury market bought in more than ever on the transitory inflation narrative. thedailyshot.com/2021/12/02/the… https://t.co/AyDMOvober
@ummodern @mattwwaters Thank you. Super helpful. Who/what is best to read on this?
What do you make of the Meyersson's critique of Erdogan’s political economy @ummodern ? Im impressed by the statistical work, but find myself thinking … well Turkey matched Poland and the Baltics, which means it far outperformed MENA neighbors. twitter.com/emeyersson/sta…
@ummodern @mattwwaters Is the point that IMF narrowed the frame so much that a "moderate Islamist" version of TINA, as which the AKP was celebrated in the 2000s, seemed like the only alternative?
@ummodern @mattwwaters Hi Im discussing Turkish political economy on multiple strands right now. Can you give me a sense of your baseline counterfactual. No IMF program -> what space does that open up for an alternative to the AKP?
RT @lizwathuti: The heartbreak and the injustice – are hard to bear. At least 26 million people are struggling for food following consecut…
RT @cegoldbaum: 1/ THREAD: Afghanistan is on the brink of a mass starvation that aid groups say threatens to kill a million children in "a…
RT @dmwoodruff: Yet another illustration of the increasing porousness of the boundary between farce and tragedy in our age (see also Summer…
Both in Turkey and in Iran, as the financial & currency regime has been shaken by politics and geopolitics, the stock market has become a safe haven for middle class wealth. Check out Chartbook #56 on the economic crisis of West Asia h/t @mdrezaEqbaal adamtooze.substack.com/p/chartbook-56… https://t.co/CAZvQcQ6rx
RT @samanpeiro: @adam_tooze "[Chartbook 56] may help to focus our attention on .. acute crises facing the populations of Afghanistan and Le…
RT @MaxCRoser: How many have died in the pandemic? The Economist built a model that estimates the true death toll of the pandemic, correct…
RT @RobinBrooksIIF: Foreign ownership of government debt is down massively across advanced economies, with central bank QE increasingly the…
RT @Blueequus775: 900 innocent bison to be slaughtered because of the lie ranchers tell that bison transmit brucellosis to their cattle. TH…
Pollution through waste really is a top rank environmental threat. Of plastic produced so far only 1/3 still in use. Vast majority is now non-degradable waste. thedailyshot.com/2021/12/03/sup… https://t.co/ADZzgaBgO9
FANTASTIC Tweet thread by the brilliant @tedfertik on geopolitics of international lending and politics of knowledge (both present & historical), beyond crude stories about ideology, drawing on the treasure trove of historical insight that is his unpublished PhD. No pressure …;) twitter.com/tedfertik/stat…
RT @SimoneWeil1930: Forget about nuclear powered submarines, let's talk about nuclear powered ICEBREAKERS!' '… Rosatom is also in charge…
US corporate profit margins surge to highest level since 1950. thedailyshot.com/2021/12/03/sup… https://t.co/nnmJmb3jES
Electric vehicle (EV) sales are projected to surpass 7 million cars globally in 2021, more than doubling 2020 sales of 3.2 million. Market share doubles from 5 to 10% China alone is half of global sales. rystadenergy.com/newsevents/new… https://t.co/XzScW2za20
RT @70sBachchan: @adam_tooze Because heating demand goes up very non linearly with cold snaps, traders are watching and speculating on met…
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