ADAM TOOZE

What is the German traffic light coalition about? Daring more progress …. For a first take on the 177-page coalition agreement check out Chartbook #54 adamtooze.substack.com/p/chartbook-54… https://t.co/DUcfDGLjXa

Daring more progress (sic) Chartbook Newsletter #54 just dropped. I did a speed read of the 177-page coalition agreement that forms the new German government. adamtooze.substack.com/p/chartbook-54… https://t.co/QbaKKRjgoq

RT @marceldirsus: It's absolutely remarkable to me that Germans look at this graph and think to themselves: We definitely got this right. A…

RT @stephensemler: Lockheed Martin received more federal funding last year than the amount climate programs will get in Biden’s reconciliat…

RT @JoshuaPotash: The United States is really 5 military contractors in a trench coat https://t.co/M2A6U41cZj

RT @WaqarHZaidi: Panel discussion on my book @LifeAtLUMS @GurmaniSchool 6pm Pakistan Time (+5 hours ahead of London) https://t.co/RURTBLM5CE

Turkey in desperation turns to regional rival UAE for financial support. But as @tashecon points out the scale of support does not come close to matching Turkey’s financial needs. twitter.com/tashecon/statu…

@BachmannRudi @JosephEStiglitz @c_lindner Hoffen wir dass du Recht hast Rudi, @BachmannRudi

On investing in pet food brands. ft.com/content/fb4d80… https://t.co/YQwuD1zGCl

To map balance of world economy we need at least a three way split: US, China, EM ex-China. ft.com/content/fb78a5… https://t.co/Ry0PTEQN0x

Fourteen of the biggest crypto mining companies in the world have moved more than 2m machines out of China in the months following the country’s move to ban mining. 432k can be accounted for. This is where they went. ft.com/content/d137b3… https://t.co/PpYdzmdplI

The deepening alliance between Apple and TSMC is a high consequential trend in the global semiconductor industry. ft.com/content/d137b3… https://t.co/XV4uYJAcLm

The good news? Thanksgiving in 2022 is likely to be cheaper. Team Transitory needs to hang in there! ft.com/content/4b6686… https://t.co/osPSXRaG2O

Biden’s admin joining the drive to net zero accounts for half the increase in 2030-climate ambition around the world btw sep 2020 and Nov 2021. 2030 discounts significant of China announcement in Sep 2020. ft.com/content/6e2b36… https://t.co/8JI5z48W1j

Useful graphic by Carbon Tracker showing contribution of Glasgow’s sectoral deals to emissions reductions. ft.com/content/6e2b36… https://t.co/s0Llh7BMMZ

RT @daniel_todman: Very much enjoying taking @QMHistory students round the new WW2 galleries @I_W_M. Having seen different stages of galler…

UPDATE: "I regret and should not have made that comment," Dimon said in a statement Wednesday twitter.com/adam_tooze/sta…

RT @PeterMartin_PCM: UPDATE: "I regret and should not have made that comment," Dimon said in a statement Wednesday twitter.com/PeterMartin_PC…

Turkey’s inflation has already reached 20%, as currency devalues by 40% it is likely to push closer to 25% in coming months. ft.com/content/7c3ec6… https://t.co/C6IsALEvCw

55% of Turkish bank deposits are in foreign currency – $260bn-worth. "A full-blown run on the banks, when customers lose confidence and rush to withdraw their deposits, was last seen in Turkey in 2001”= crisis that shaped Erdogan’s rise. ft.com/content/7c3ec6… https://t.co/xUNav0xTLw

RT @Vensky330: @adam_tooze @rafaelbehr @DEHEdgerton When George Osborne was Chancellor of the Exchequer he announced £1 million to celebra…

“I made a joke the other day that the Communist party is celebrating its 100th year. So is JPMorgan. I’ll make a bet that we last longer,” “I can’t say that in China. They are probably listening anyway,” said Jamie Dimon. ft.com/content/5ee3fa… https://t.co/SZUZAsZwGG

Reading these brilliant lines by @rafaelbehr h/t @DEHEdgerton is enough to make you feel uncomfortable as an English historian of Europe. theguardian.com/commentisfree/… https://t.co/yvCVUs7Rmh

The Making of “Storm Boy”. This by @meaganmday on how the Mexican revolution transformed John Reed is fascinating and elegantly written. jacobinmag.com/2021/11/mexica… https://t.co/D9Z4cVj3HF

RT @DEHEdgerton: 'The childish compulsion to reference medieval wars, Napoleon and the Third Reich is a way for Brexiters to deny contempor…

"The FX component of Turkish central government debt reached 60% last month — up from 39 per cent in 2017. That means that as lira slides by 40% it becomes more expensive for the Treasury to service its debt burden.” @Jonthn_Wheatley @laurapitel ft.com/content/7c3ec6… https://t.co/iLWtKA1tx2

"Needless to say, while it is possible to prevent businesses from doing profitable things, it is impossible to make them do things they consider insufficiently profitable.” @martinwolf_ Seriously? IMPOSSIBLE? What about legislating and penalties? ft.com/content/6e2b36… https://t.co/e6peTFub6M

RT @carolynryan: Amazing for anyone who has ever tried to write: Robert Caro’s calendar. He tried to write 1,000 words a day. On days he fa…

@LauraNoonanFT Its really fascinating. Would love to read more about PMAs and the models they modify.

"Tesla stock tends to not be much affected by other market and economic trends, but correlates somewhat with bitcoin”. The really ODD thing is that no one ever seems to mention climate, COP etc. Is that a false impression @RobinWigg ? ft.com/content/17f0cd… https://t.co/hXGVoII7hA

Loan loss estimates by banks rely on backward looking models. COVID has blown the models up -> In Europe banks are adding “post-model adjustments” (PMAs). US uses "Q factors". But, only two weird recessions to work with. Fascinating by @LauraNoonanFT ft.com/content/5b09e0… https://t.co/WfZFlvW6y9

Nominal trading value of Tesla stock options has averaged $241bn a day in recent weeks, dominating market for stock options. @RobinWigg on Tesla-financial complex. Given the leverage involved, why is Tesla-centric market not a financial stability issue? ft.com/content/17f0cd… https://t.co/syXr57XTJD

One way bet? "Hedge funds that have shorted Tesla shares over the past decade are sitting on cumulative losses of over $60bn … Just this year the losses have come to $11bn.” -> creates huge pressure on managers to be overweight the stock. @RobinWigg ft.com/content/17f0cd… https://t.co/or4doZtFfI

"The Tesla-financial complex is a phenomenon that many investors — whether passive index funds, traditional mutual funds, hedge funds or ordinary retail investors — have no choice but to contend with”. Fantastic this from @RobinWigg ft.com/content/17f0cd… https://t.co/GUI5fhj2zf

One of the flaws in simple bond vigilante stories is that they underestimate just how divided opinion in the bond market is. Nice review this of bond bull v. Bear opinions in Nov 2021. @kateduguid @TomStub The “politics" is INSIDE the market. ft.com/content/6be042… https://t.co/7gaN0wYh3f

Saudi Arabia has one of the world’s biggest defence budgets. The kingdom spent $57bn on defense in 2020 according to @SIPRIorg MBS wants to give it a homegrown defense-industrial complex too. ft.com/content/a84ba9… https://t.co/LzlveOsmPY