ADAM TOOZE

Part of the Russia-Saudi deal to push up oil prices in 2016 was that Saudi opened its markets to Russian ag industry exports! ft.com/content/4d925b… https://t.co/lzw1Rbpn7W

According to @eurodad data Citigroup, Deutsche Bank, and JP Morgan coordinated more than half of Sub-Saharan African bond issues in the past decade. H/t @kmac Another good piece at @jainfamilyinst @WorldPhenomenal phenomenalworld.org/analysis/cop26… https://t.co/y4ZsMxI4rA

The latest cost estimate for the UK’s 3,200 MWe Hinkley Point C nuclear reactor is a staggering $30bn. Rolls-Royce is betting it can make smaller, modular reactors for one tenth of that. economist.com/britain/can-sm… https://t.co/bNGPEGQf82

This very interesting write-up of recent debates about China, China-US and political economy from @vpalsmith33 is highly recommended. vincentpalumbosmith.substack.com/p/a-political-… https://t.co/34CU6AODhc

All of graphs in Fed’s FSR tell you one thing VERY loudly! The funding structure of major US financial institutions before 2008 was lethal! federalreserve.gov/publications/f… https://t.co/O79yKjqySk

Picking the brains of German and South Korean business-visitors has contributed most to China’s growth in the last decade. economist.com/business/2021/… https://t.co/KMRxOPXVLV

Leverage at Wall Street Broker-Dealers in the 2000-2007 period was out of control. federalreserve.gov/publications/f… https://t.co/erIwLN2Ur6

More data from Fed confirms that surge in US mortgage market in 2020-21 is going to higher end borrowers only. federalreserve.gov/publications/f… https://t.co/ZJNxFntIhv

Where did “privatized Keynesianism” go? Narrative seemed to explain US economy 1990s-2000s. But since 2008, household debt concentrated overwhelmingly in prime mortgages, auto and student debt. federalreserve.gov/publications/f… https://t.co/tOToAMaEyT

@dismaleconomist Yup. You are right. FSR could have highlighted that. Their data show that this is a very small part of the sell off actually.

Even before the COVID crisis the world of REITs was divided btw manufactured homes, data centers, cell phone towers v. Malls and retail. seekingalpha.com/article/440783… https://t.co/5T5E65Il1n

Five of the top ten REITs currently manage either data centres or mobile towers. economist.com/business/2021/… https://t.co/zmhSE7akUG

Only 15 percent of US households directly own stocks, down from peak of > 20% ahead of dot.com bubble. federalreserve.gov/publications/f… https://t.co/pWQHEx8pg9

Savills, reckons London has at least 1.8m square feet of retail property that could be refashioned into laboratories. Shops’ high ceilings mean plenty of room for high-performance ventilation, and service lifts for moving dangerous materials economist.com/business/2021/… https://t.co/Bwj8W1coZL

The global commodity boom from the early 2000s was very good for American farmland prices. federalreserve.gov/publications/f… https://t.co/rmoaT90lh8

Billions into tens of billions! jll estimates that up to $87bn is now being directed towards life-sciences real estate worldwide. That is equivalent to a third of all global spending on commercial property in the second quarter of this year. economist.com/business/2021/… https://t.co/hYynOTybYM

Don’t know what to make of the fact that @IMFNews World Uncertainty index is calculated using mentions of word “uncertain” in the Economist Intelligence Units reports. Anyway its back to closer to normal levels. voxeu.org/article/why-gl… https://t.co/QnwPktboY2

Yup. We are in a pretty weird moment in US economic history. YoY 47.2% growth in value of equities market in the US. federalreserve.gov/publications/f… https://t.co/likWl2z78D

China’s cities and rural areas are dotted with bad banks that pose huge restructuring problem for Beijing. economist.com/finance-and-ec… https://t.co/JFM6FPAP2u

FEARING INFLATION, INFLATING FEARS: THE END OF FULL EMPLOYMENT AND THE RISE OF THE CARCERAL STATE David P Stein’s PhD on civil rights and macroeconomics in the US from WWII to 1980s is flipping fascinating! https://t.co/VoMd0nSffm

RT @BFriedmanDC: We can all mock Oklahoma's new adjutant general for this decision to light his career on fire, but don't miss the more imp…

RT @pptsapper: It's like, August of 1917, and his "division" is still trying to figure out what it is as all these old militia organization…

@thantmyintu Thank you!

Evergrande, a debt-ridden property firm close to collapse until recently had a 36% stake in Shengjing Bank, a local lender based in the north-eastern rustbelt province of Liaoning. economist.com/finance-and-ec… https://t.co/7nIJZFjhGa

In 2021 EU’s strategy of relying on diversified market-based global gas supplies ran into surging Asian demand. ig.ft.com/europes-gas-cr… The result has been messy, as I argue in Chartbook #51 adamtooze.substack.com/p/chartbook-51… https://t.co/DR9JoTlEPJ

“No offence to our British friends . . . But dude, you don’t matter that much. Why are you driving our market?” @katie_martin_fx on recent bond market turmoil is priceless. ft.com/content/01f0d9… Pairs well with Chartbook #49 adamtooze.substack.com/p/chartbook-49… https://t.co/sXeqgCUb6t

RT @EricTopol: Today in the USA, over 132,000 new cases, 7-day average back up to ~80,000 Over 2,100 deaths Test positivity >5% for the fir…

Es war wirklich eine tolle Unterhaltung. Danke WfA! twitter.com/nymoen_ole/sta…

@PeterContiBrown @AmerBanker Thank you Peter

@DeborahHeader Awwwww this makes my week.

RT @josephlawler: BREAKING: It's all over. Britney Spears beats Fannie Mae and Freddie Mac out of conservatorship — all 3 entered in 2008,…

RT @RobinBrooksIIF: @adam_tooze @MaratMarkert @socialeurope @heimbergecon Remember this from 2019, when our $CANOO campaign was going full…

@MaratMarkert @socialeurope Thank you. Watch this space. Little bird tells me that next week might see some interesting action on output gaps in a certain European capital. CANOO team at the ready @heimbergecon @RobinBrooksIIF

@ArnoGottschalk Und Ansätze dazu wurden im Rahmen von COP26 bereits sichtbar. Stichwort Stahl-Alu deal US-Eu.

RT @AndrewWattEU: In this thread twitter.com/AndrewWattEU/s… I provide a summary & interpretation in EN of the 2 positions expoused on EU econ…

@CameronAbadi @OnesandToozePod Or J G Ballard, he would have missed the visceral internal combustion engine power, but I think he would have appreciated the violent torque of electric engines.