September 7, 2021
@StephenPaduano @WorldBank The shareholders in the bank are all the major governments in the world, all of them issuers of fiat currency. What is the meaning of default in this context?
@StephenPaduano @WorldBank The shareholders in the bank are all the major governments in the world, all of them issuers of fiat currency. What is the meaning of default in this context?
@alanbeattie @WorldBank But why is there such a thing as a bond rating for an agency that cannot conceivably default? Isnt it even more nonsensical than the rating on US bonds, which at least captures inflation/devaluation risk?
"Merkel made her strongest intervention yet in German election campaign, using what may be her last speech in Bundestag to warn of the dangers of a leftwing government.” Reminder: KEY part of Merkel’s power since early 2000s has been exclusion of @dieLinke ft.com/content/82b87e… https://t.co/X4WmM2mJ36
One of the mind-blowing things I discovered whilst writing Shutdown was that @WorldBank really, really cares about its AAA bond rating. I mean, how is that even a thing? What would a @WorldBank default even look like? ft.com/content/64cec9… https://t.co/0o0JBPFZfC
No two friends more important for seeing us through the crisis: THANK YOU @MishPooh and “Peezie" 🙂 twitter.com/MishPooh/statu…
Really looking forward to this conversation with @dwallacewells this evening. Thank you @strandbookstore twitter.com/strandbookstor…
Poland in May requested €23.9bn in grants under the EU’s landmark recovery funds programme, along with €12.1bn in loans, but the package has yet to be approved. Commissioner Gentiloni has suggested linkage to rule of law. ft.com/content/d2b5d6… https://t.co/vpK3Fv8HGz
To see the CDU in a national poll fall to 19% is simply staggering. Clearly the counter attack strategy of last week and the promise of “substance’ have not paid off. What now? twitter.com/Wahlen_DE/stat…
RT @peter_tl: Had a great chat with @adam_tooze last week. Here it is… twitter.com/Breakingviews/…
RT @incunabula: European civilization is built on ham and cheese, which allowed protein to be stored throughout the icy winters. Without…
RT @TheEconomist: The world’s official covid-19 death count is 4.6m, but we estimate that between 9.4m and 18.2m people have died. Our new…
RT @BungaCast: 🚨New Episode🚨 In 2020, everything changed. Adam Tooze joins us to discuss his new book Shutdown. Is the effect of all the…
All the while Jameson was apparently recommending Phililp K. Dick to his students. twitter.com/ummodern/statu…
RT @colm_m: Nominally, I'm a professional historian, but I still get childishly excited – with the emphasis on 'childishly' – when I uncove…
RT @TOLOnews: Video: Women held a protest in Balkh province on Monday calling to preserve the achievements of the past 20 years and to incl…
RT @picharbonnier: Incroyable quand même la trace que laisse cette série dans la mémoire des années après encore. C'était vraiment un chef…
RT @pmpoc: Sad to hear Michael K. Williams has passed away – one of the best character actors of his generation – rest in peace: https://t.…
@TrademarkBF @BungaCast Yup. Thats kinda the schtick of Shutdown actually. Our reality is more Frankenstinian.
@Dictynna8 @pareene This could get a little Groucho Marx couldn’t it? Imagine the gesture … "you’re astonished that I’m astonished, you say … well ….”. https://t.co/cwSIGGipG2
Franz Josef Strauß was a huge backer of atomic power and in the 1980s that made him a conservative climate hawk attacking German coal-addiction … do I have that right? twitter.com/ulfposh/status…
RT @Watch_Greens: Dutzende Kulturschaffende rufen zur Wahl der #Grünen auf (#diesmalgruen). In der Begründung lesen wir, dass die Grünen di…
RT @SDowntheground: @DuncanWeldon @Patrick_Wyman @adam_tooze “It is quite a bloody book. It is also the rarest of surprises: a read that yo…
RT @CraigAWhiteside: good read on the Fed and its policy of limitless cash in the 2020 crisis: “Shutdown: How Covid Shook the World’s Econo…
RT @michaelsteen: @mtwirth @adam_tooze And how does he get away with this “Verbotspartei” attack line. What is schwarze Null if not a Verbo…
@DanielaGabor @GitaGopinath @FT Hi Gita the integrated policy framework actually makes a cameo appearance in the conclusion to Shutdown. Walking tightrope btw one size fits all and anything goes. Captures Zeitgeist perfectly! Precursors at BIS in 2019 annual report.
“Anyone with visions should go to the doctor.” Tony Barber of @FT Reminds us of one of Helmut Schmidt’s immortal lines, apropos of Olaf Scholz who also hails from Hamburg. ft.com/content/b443d4… https://t.co/RNxY3ZOaYJ
Aluminium prices hit their highest levels in a decade on Monday following news of a coup in Guinea, the world’s second-biggest producer of raw material bauxite. #1 supplier to China, accounting for 55% of supply. Rusal has 3 mines in country. ft.com/content/08dd8f… https://t.co/20i4FqWtev
The scale of Fed intervention in US Treasury market in spring of 2020 is simply staggering. The timeline in this graph is in days. The numbers are tens of billions! Per day! Important excerpt from Shutdown in @TheAtlantic Book out tomorrow! theatlantic.com/politics/archi… https://t.co/LJLPjYGJdk
"the real world as well as just the policy one” – @alanbeattie at @FT trade secrets announces agenda for the fall: starting with those shipping costs that just aren’t coming down. ft.com/content/0633b3… https://t.co/xQEuNL3yVc
More mindblowing polls out of Germany. Back in the spring the Greens were preparing for power. Now their collapse gives the SPD a ten point lead. Not that the SPD is breaking any historic records here ….. twitter.com/Wahlrecht_de/s…
@JacquesDELPLA OF COURSE. I agree. The question is whether right-wing of CDU/CSU and FDP will allow Berlin to do that, or whether they will compete to stir up the other European hawks and make this into the cardinal issue.
@AndrewWattEU Completely agree. Whether Lindner can be tempted by the Genscher (foreign ministry) or Erhard (economics) options is really critical. Can he be made the superdooper Ober-boss for digitization or something?
RT @Shahinvallee: Beyond the debate surrounding the role of finance vs. state led investment animated by @DanielaGabor and @adam_tooze, the…
According to World Bank, cost of sending $200 to countries in sub-Saharan Africa averaged 9% of transaction value in the first quarter of 2020. On peer-to-peer crypto networks, however, these fees are typically about 2-5%. @Jonthn_Wheatley @AdrienneKlasa ft.com/content/1ea829… https://t.co/A62C20hvXj
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