ADAM TOOZE

Thanks @DuncanWeldon would be interesting also to Venn diagram the logics behind each grouping. Really striking thing for me about original 2001/3 BRICs papers is the emphasis on global governance and internalizing shocks. @economistmeg twitter.com/DuncanWeldon/s…

Japan's working-age population sank to just over 75 million last year, down 13.9% from the 1995 peak Electronics retailer Nojima essentially scrapped its worker age limit of 80 last month asia.nikkei.com/Spotlight/Soci… https://t.co/QM4gD9GLrk

Spain’s electricity price has surged sixfold in recent months. thedailyshot.com/2021/11/30/inv… https://t.co/E1SGDQWOug

Indonesia's top Islamic body has told Muslims in the country to steer clear of cryptocurrencies as they are not permissible under Islamic law. asia.nikkei.com/Economy/Muslim… https://t.co/md40oW6xA5

With German inflation surging to 6%, this is going to be a serious test of the ECB’s nerves. thedailyshot.com/2021/11/30/inv… https://t.co/REckZ6DodR

A crypto facility is seen on Nov. 7 near a coal-fired power plant outside the town of Ekibastuz, Kazakhstan. asia.nikkei.com/Spotlight/Cryp… https://t.co/acoyYQ9AWP

Fertilizer prices in the US are still surging. Will feed through to food prices in 2022. thedailyshot.com/2021/11/30/inv… https://t.co/mOiNzi2Bvk

A surge in cryptocurrency mining is sparking electricity shortages in energy-rich Kazakhstan, driving the country to consider nuclear power. Though K producers 41% of world uranium it is scarred by Soviet-era atomic testing. asia.nikkei.com/Spotlight/Cryp… https://t.co/GgxXtOpGE6

If you suffer a devaluation as severe as that Turkey is undergoing it does crush imports and flip the trade balance into surplus territory. thedailyshot.com/2021/11/30/inv… https://t.co/qaNSCkmOOE

Will the coordinated release of oil reserves by US and allies rupture tacit relationship with OPEC? Reserves were intended for emergencies not a spike in oil prices. Not used in 2008 when oil > $140. Interesting this from @NikkeiAsia asia.nikkei.com/Spotlight/Comm… https://t.co/IRu8vfpJmC

Turkey’s ratio of fx reserves to short-term debt is worse than that of Argentina! thedailyshot.com/2021/11/30/inv… https://t.co/viF2mxExRT

Good round up this on bumps in the SinoPak relationship. BRI faces major obstacles and lack of genuine commercial development but unlike elsewhere strategic logic is powerful. asia.nikkei.com/Spotlight/Asia… https://t.co/lT64mOXMfL

Grosse Übersicht der BRICs Entwicklung seit 2001 beim @handelsblatt handelsblatt.com/politik/intern… Empfehle dazu Chartbook #55 adamtooze.substack.com/p/chartbook-55… https://t.co/M333FP6p9T

Interesting this: Existing US shale capacity is profitable with oil prices >$30. To drill new wells the industry needs >$50. thedailyshot.com/2021/11/30/inv… https://t.co/jMCadR9BxW

Main road leading to Gwadar Port, prestige BRI project in Pakistan, has been blocked since Nov. 15 by thousands of locals in a sit-down protest demanding basic amenities, including water and power, as well as access to the sea for fishermen asia.nikkei.com/Spotlight/Asia… https://t.co/ZhINIhfjnt

What drives the ebb and flow of fracking in the US? Look at this data @cedric_durand Astonishingly strong correlation with oil prices! As argued in Chartbook #51 adamtooze.substack.com/p/chartbook-51… Data from thedailyshot.com/2021/11/30/inv… https://t.co/hWgygFT7si

In 2016 Obama was 1st POTUS to visit Hiroshima and Abe 1st Japanese PM to visit Pearl Harbor memorials. This is v interesting on diplomatic background. asia.nikkei.com/Spotlight/The-… https://t.co/ZKr7FPIJLh

US onshore oil and gas producers have been leaning hard on their drilled but uncompleted (DUC) inventory of wells. Not a lot here to suggest a shortfall in investment since 2015! @SoberLook @cedric_durand thedailyshot.com/2021/11/30/inv… https://t.co/pprKiSsy1V

"Turkey has announced a return to a contentious policy of intervening in the currency markets in an attempt to steady the tumbling lira, despite a previous commitment not to do so and limited foreign exchange reserves." ft.com/content/b4d5f2… https://t.co/P95ijDmdn1

RT @zeithistoriker: @sarahljaffe many hours of @tracyalloway @TheStalwart

RT @asociologist: Very random q: has anyone written an analysis of the Canadian points-based immigration system from an STS/sociology of qu…

@Markbohlund @ZiadMDaoud Can you post links to the CUTes. Very interested!

@earlducaine India is lower middle-income.

Though BRICs became an investment concept and then a geopolitical terms, Jim O’Neill then chief economist at Goldman Sachs proposed the idea in relation to global governance i.e. in an appeal to expand G7 to include BRICs. For backstory see Chartbook #55 adamtooze.substack.com/p/chartbook-55… https://t.co/Td1UNzuTsv

RT @mrzepczynski: A great perspective on the changing vision from developed to emerging markets – The global economy really has changed! -…

In South Africa, only 24% of citizens are fully vaccinated against Covid-19, testament to the criminal folly of failing to roll out an ambitious global vaccination program. @davidpilling ft.com/content/9e7bf2… https://t.co/Oh3wcIVTWx

It is 20 years since Jim O’Neill coined the concept of BRICs soon after taking over as chief economist at Goldman Sachs. Chartbook #55 looks back at a concept that framed much debate about the world economy 2000-2014. Sign up for Chartbook here: adamtooze.substack.com/p/chartbook-55… https://t.co/BWRp9saKhs

RT @DuncanWeldon: Definitely worth reading @adam_tooze on the BRICs. And reminds me of the time I did some trolling of fashionable investme…

RT @marxnd: Chartbook #55: BRICs twenty years on, by @adam_tooze adamtooze.substack.com/p/chartbook-55…

There is a higher percentage of folks in rich countries who have received boosters than have received any vaccination at all in the low-income world. ft.com/content/37da32… https://t.co/F4DbnkvscU

This week is the 20th anniversary of the launch of the BRICs idea. Chartbook Newsletter #55 opens the time capsule of the 2001 and 2003 memos by O’Neill and the @GoldmanSachs team. Sign up here: adamtooze.substack.com/p/chartbook-55… https://t.co/qrSRVkiG3R

Chartbook Newsletter #55 just dropped. On BRICs, viewing the 21st century from 2001. Check it out here: adamtooze.substack.com/p/chartbook-55… https://t.co/JqhSr5xkZ3

Rich countries have given out more boosters than poor countries have given out first vaccines all year! ft.com/content/37da32… https://t.co/lJ9tjlKt3I

There are several US states with populations at least the size of Austria’s with even lower rates of vaccination (Texas, Michigan, Georgia and Ohio). @rbrtrmstrng ft.com/content/20d529… https://t.co/x1Ad4tjV8R

Land at risk in the Bahamas by 2050s on account of sea level rise. tribune242.com/news/2019/nov/… https://t.co/bfvfbxB0mY

Since the late 1970s the price per watt from PV modules has fallen by 99.6%! @OurWorldInData https://t.co/875VA6zxsn