ADAM TOOZE

Semiconductors make up a larger share of GDP in S Korea than in Taiwan. thedailyshot.com/2021/11/03/emp… https://t.co/QqbDXeDjbz

Whatever the Fed’s timeline for rate hikes, the markets are pricing in four rate hikes in Canada! thedailyshot.com/2021/11/03/emp… https://t.co/r1VnJT9rJx

After tipping the ARB into abandoning its interest rate target, Aussie bond markets have given up a large part of the interest rate surge that triggered the move. @SoberLook For the broader bond market spasm see Chartbook #49 adamtooze.substack.com/p/chartbook-49… https://t.co/K9b1gDvlMI

It isnt just consumer expenditure that has recovered remarkably rapidly in the US. Investment has surged as well. thedailyshot.com/2021/11/03/emp… https://t.co/04yef7BWRb

In sep-oct markets starting pricing in BOTH rate increases AND a policy mistake/overshoot. @bcaresearch via @SoberLook On the bond market shock of Aug-Oct 2021, see Chartbook #49: adamtooze.substack.com/p/chartbook-49… https://t.co/LUfkMsHffl

When exactly did the break in America’s labour productivity growth happen? Eye-balling this you would say 2004! @SoberLook thedailyshot.com/2021/11/03/emp… https://t.co/fiEugLH5kQ

The only bit of the US labour market that is fully recovered is that for college graduates. thedailyshot.com/2021/11/03/emp… https://t.co/tfiJRtZ19r

The shift in market expectations in UK, Canada and Australia btw late Aug and October shook up global bond markets. thedailyshot.com/2021/11/03/emp… Backdrop to the Fed announcement yesterday, see Chartbook #49 adamtooze.substack.com/p/chartbook-49… https://t.co/fM45mfnsYX

RT @ftbrussels: The prospect of Christian Lindner, a fiscal hawk, becoming Germany's next finance minister — of the most influential roles…

How heavily did several months of disappointing labour market numbers weigh in the Fed’s dovish approach to tapering. thedailyshot.com/2021/11/03/emp… https://t.co/qEHkbh3RDD

Meine Damen und Herren we have ourselves a debate. Vielleicht haben andere Lust und Interesse einzusteigen! 😉 twitter.com/Lars_Feld/stat…

@csissoko @DanielaGabor @KatharinaPistor Hi all, thank you all for the GREAT thread and comments. The concluding section was done in a rush. I will react in next couple of days conceding almost all your points I think.

RT @davidfickling: Still, the reversal here is absolutely stunning. At the time of the Paris Agreement, the @iea central scenario was that…

RT @davidfickling: Crucially, which bits of this are China and India signed up to? Those two countries account for about two-thirds of the…

RT @DanAwrey: Since the wonderful Yesha Yadav is not on this website, I’m going to go ahead and tweet a link to her amazing paper on the US…

All eyes in financial markets around the world are on the Fed this afternoon. Why? What is going on in global bond markets? Chartbook Newsletter #49 seeks to understand why these key markets have been so volatile and what risks they present. Sign up here: adamtooze.substack.com https://t.co/AAEe8WsZ0y

RT @heimbergecon: The "frugal, frugal, frugal" Dutch government considers using a budget loophole to boost green investments: "discussing a…

RT @nytimes: Shahana Hanif, a former City Council employee, won her election in a Brooklyn district. A Bangladeshi American, she is the fir…

Chartbook Newsletter #49 just dropped: The US Treasury market is the anchor of the global financial system. Its fragility was exposed in March 2020. Now, as Fed prepares to taper, it reveals itself again. adamtooze.substack.com/p/chartbook-49… https://t.co/u0P2jzAAY1

RT @PortNOLA: Our 4 new container gantry cranes are in route to Port NOLA! We can’t wait for these cranes to arrive soon and get to work at…

@RobinBrooksIIF Hi Robin I think this debate is really interesting. One synthesis I quite like is to say that the plumbing problems were in part a case of indigestion triggered by forcing through a huge quantity of debt.

RT @toddntucker: The new @yayitsrob newsletter is all about green steel, with chime ins from @adam_tooze @mmildenberger @MichaelAklin @royh…

The Treasury market needs reform. Sep 2019 showed it. Mar 2020 almost took the world down. Feb 2021 worrying. Last week we had a 1st taper panic. We need reform. Yadev and Duffie point in the right direction. Or do we need formal public backstop? adamtooze.substack.com/p/chartbook-49… https://t.co/3TumyNXDT0

In pending decision on Fed’s taper there are huge macroeconomic issue at stake. But before we can even get to those, the pressing macro financial question is, is the Treasury market robust enough to handle a policy gear shift? Truly too big to fail! adamtooze.substack.com/p/chartbook-49… https://t.co/ioR9SV4pLr

The US Treasury market is the pivot of the global financial system. As Sep 2019, Mar 2020, Feb 2021 and now Oct 2021 show it is also a dangerously fragile. Chartbook #49 on the weak market at heart of global economy. adamtooze.substack.com/p/chartbook-49… https://t.co/BkAplX3rtK

In Oct a spasm swept through bond markets in Australia, Canada, Uk. It has now reached USA. Whither monetary policy? Chartbook #49 offers context for Fed’s announcement at 2 pm today. Featuring work of @johnauthers @BChappatta @mccormickliz @rbrtrmstrng adamtooze.substack.com/p/chartbook-49… https://t.co/RgMH3orgkS

Just when you thought you could focus on infrastructure, or climate, or … hey .. the existential crisis in Ethiopia … bond markets are baaaaaaaack. Chartbook Newsletter #49 reviews a crazy week of action and the risks going forward. adamtooze.substack.com/p/chartbook-49… https://t.co/fWDu6OG9zi

I love @M_C_Klein the dauntless statistical truth-digger. But I also love Klein the free-wheeling historical political economic thinker. This essay being a case in point. Recommended! twitter.com/M_C_Klein/stat…

Today’s Fed announcement has been billed as “historic”. Why? Check out Chartbook Newsletter #49 on what has been going on in bond markets in the last few weeks. adamtooze.substack.com/p/chartbook-49… https://t.co/2fhSeRWvuq

RT @PeterBofinger: Meine neue Kolumne für das @handelsblatt über das brandgefährliche Narrativ einer @ecb auf Abwegen https://t.co/KLN9siOc…

RT @jburnmurdoch: This chart also demonstrates why excess deaths are such an important stat: Looking only at reported Covid deaths (dark r…

RT @jburnmurdoch: NEW: as of the end of September, Russia has recorded 753,583 excess deaths over the course of the pandemic. This is almo…

RT @JavierBlas: ICYMI: If you want to understand the massive campaign of American (and several others) pressure on OPEC+ to raise oil outpu…

RT @olgatuleninova: Fête dans un jardin public, 1884, by Jean Louis Forain https://t.co/3jMIoN8fr7

So B3W is taking on some kind of shape around COP26? twitter.com/miaamormottley…

RT @ZoneBooks: We are very excited to announce the release of our latest fall title: FLASHBACK, ECLIPSE: THE POLITICAL IMAGINARY OF ITALIAN…