ADAM TOOZE

According to documents seen by the FT, across the 321 companies over 64,000 creditors have claims of more than Rmb1.46tn ($227bn) against failed Chinese conglomerate HNA. ft.com/content/4c9c27… https://t.co/fvmZV0hSZF

@Jav_Martin Sorry I don’t follow

Is “flexibility communication” on the part of the EU Commission the way round a looming fight over the fiscal rules? A useful review by @MESandbu ft.com/content/41acda… https://t.co/hcJW4oxGb8

RT @BaldwinRE: Cake-ism finally meets the cake-knife • @martinwolf_ @ftopinion on.ft.com/3aOLVjI “Also important is the legacy of B…

Can Angola’s government reverse years of economic contraction, corruption & over-reliance on oil? Excellent long read by @AndresSchipani @davidpilling ft.com/content/4652e1… https://t.co/ssrtqjSD34

RT @70sBachchan: How Neoliberalism supercharged polycrisis. "“polycrisis” — a complex web of simultaneous epidemiological, financial, democ…

RT @SHDetroit: I'm excited to talk with @Columbia economic historian @adam_tooze at 9 a.m. about his new book "Shutdown: How Covid Shook th…

Regular reminder that dangerous as Western privately-owned corporates are to climate, it is EM state-owned energy companies that may be toughest nut to crack on path of energy transition. msci.com/documents/1296… https://t.co/eoVhdfgGea

No ifs and buts, EXXON should be uninvestable at this point. @MSCI_Inc analysis spells out its complete noncompliance with any feasible climate scenario. Stark contrast to Shell. msci.com/documents/1296… https://t.co/FN3RxaWnuF

Magnesium is critical for aluminum production. It is hard to store because it oxidizes after 3 months. China supply cuts are causing mounting panic in European industry. ft.com/content/1611e9… https://t.co/O76lX1g2ea

"What makes Erdogan extraordinary is his unorthodox argument for low interest rates and determination to wrest control of monetary policy from theoretically independent central bankers.” Unusually thorough examination of Erdogan’s inflation thinking washingtonpost.com/business/how-e… https://t.co/ZGefNXKeFu

C. 85% of world magnesium prod comes from China. Large chunk from Yulin, Shaanxi province. About a month ago, the local gov ordered 35 of its 50 magnesium smelters to close & told rest to cut production 50% to hit energy consumption targets -> price surge. ft.com/content/1611e9… https://t.co/WIIBRtBT5i

Used cars and trucks have driven a surge in inflation this year and are up a whopping 52 percent since September 2019, but down in the last couple of months. Great graphs from @alyssafowers @andrewvandam @rachsieg washingtonpost.com/business/2021/… https://t.co/DKOA6gt8sQ

"Sometimes, when you write about finance, you have to sit down and build yourself a big ol’ spreadsheet ….it reminds you that the big trends you blather on about are made up of little bits of information.” LOVE this by @rbrtrmstrng ft.com/content/29113c… https://t.co/cFS1wuBWeX

@ThePlumLineGS Thank you Greg!

RT @ThePlumLineGS: It's hard to escape the terrible feeling that we're right on the brink of squandering a tremendous opportunity, one that…

Copper prices have doubled. Copper mine output has not. Since 2016 mine output has plateaued. ` thedailyshot.com/2021/10/13/ame… https://t.co/LN8bjFaEFv

The shortage of coal — which makes up around 70% of India’s electricity mix — is forcing generators and some industrial users to buy electricity at the power exchange -> spot prices have exploded to highest levels in 12 years. bloombergquint.com/business/india… https://t.co/RscUE3cWJT

China’s coal prices are soaring because electric power consumption has surged, domestic coal production has been flat since 2012 and imports from Australia have been zeroed out. @alpinemacro via @SoberLook thedailyshot.com/2021/10/13/ame… https://t.co/kmnH7iqE9m

Coal prices in China – both thermal and metallurgical – have doubled in the last few months. thedailyshot.com/2021/10/13/ame… https://t.co/UAuZpybQgH

In Sep German wholesale price inflation surged to 13% yoy. ECB is going to need cool nerves. @SoberLook thedailyshot.com/2021/10/13/ame… https://t.co/pXn2o1AQqL

The reopening of America’s restaurants is showing up in a surge of job openings and also rapidly rising prices. @SoberLook thedailyshot.com/2021/10/13/ame… https://t.co/y9atGy05zD

Stagflation is trending in online news. @SoberLook thedailyshot.com/2021/10/13/ame… https://t.co/vuL92PecKh

The assessment of business conditions by America’s small businesses appears to have less to do with business than with the political fortunes of Donald Trump! thedailyshot.com/2021/10/13/ame… https://t.co/7XdagcRatE

America’s small businesses are expecting both to raise wages and prices. thedailyshot.com/2021/10/13/ame… https://t.co/E6zZMc8i7L

one for @lrosbrow @CameronAbadi twitter.com/JTslowhand1/st…

Digging into the West Virginia fossil vortex was quite a trip …. Check out Chartbook #46. twitter.com/ClaudioMagliul…

@ClaudioMagliulo Thanks!

@tedfertik So here the politico-cultural and the political economy vectors are synched together. From the o&g side.

RT @fredsalo75: Mycket intressant av Adam Tooze om Manchin, West Virginia, Demokraterna, Biden och klimatet. Chartbook #46: West Virginia…

@DieterPlehwe @OliverBWeber @RBrulle @TimmonsRoberts @ClimateSSN The suggestion of my smart friend, is that the general cultural/political logic I invoke at the end of the piece is unconvincing and that a more direct form of pol econ causation is at work. I want to read something about that in W Virginia itself.

@DieterPlehwe @OliverBWeber @RBrulle @TimmonsRoberts @ClimateSSN Hi Dieter yup. Thanks. But what Im actually looking for is stuff about the politics of W Virginia itself. What are the sinews of corporate influence that make the coal state the coal state? From the macro data point of view its less obvious than it might seem.

Smart reader of this Chartbook piece on West Virginia fossil fuel nexus suggests that I have seriously underplayed the role of corporate coal/gas lobby in holding Manchin in line and threat that they would mobilize against him if he lined up with Biden. Any reading on this point? twitter.com/adam_tooze/sta…

RT @RobinBrooksIIF: GDP in Italy (lhs) & Spain (rhs) fell 10% in 2020. In its Oct. 2020 WEO, the IMF said Italy had a -5% output gap (GDP <…

My first archive “laptop” was a Toshiba like this. Life-changing. twitter.com/stevesi/status…

@joseph_morris Yeah. Sorry. My copy-editing SUCKS!!!!!!