ADAM TOOZE

RT @tomashirstecon: @lucasguttenberg These charts are amazing by the way. Degree of compliance with an upper limit of debt of 60% and struc…

The truly gigantic scale of US Federal Reserve intervention in Treasury market in March 2020 is an indication of how serious the turmoil of that moment was. A nice excerpt from Shutdown in @TheAtlantic theatlantic.com/politics/archi… https://t.co/5KVWm1Ns0m

If we read crypto adoption as – at least in part – an index of distrust of established fiat money system, then the US ranks btw Argentina and Venezuela! ft.com/content/1ea829… https://t.co/xeQP29HD5x

Small, sporadic anti-bitcoin protests took place in El Salvador by groups from pensioners to unions and a digital specialist who had spoken out against the plan was detained by police without an arrest warrant. Is that the first crypto martyr? ft.com/content/56588f… https://t.co/g88r2qS0mr

RT @sdonnan: It’s Labor Day and for millions of Americans that means an end to pandemic unemployment benefits. Then there’s those who 18…

Europe’s debt levels, if properly managed, should not be a big deal. But an effort to reestablish Maastricht criteria could turn them into a political albatross. That is why the German elections matter! twitter.com/tomashirstecon…

RT @goldthau: Must read on #CBAM by @LaimaEicke @SilviaWeko & @MariaApergi. Bottom line: developing nations are particularly exposed to the…

2020 could have been worse than 2008. The Treasury market turmoil was terrifying. Nice excerpt from Shutdown in @TheAtlantic this morning. theatlantic.com/politics/archi… https://t.co/PamqIpUvh2

World Bank funded $900m Azura-Edo Independent Power Plant in Edo state is responsible for 10 PERCENT of Nigeria’s entire power supply! When we talk about a "just transition" we should mean HUGE step up in renewable power production. ft.com/content/47aee1… https://t.co/aFWWLQVtzW

RT @JStein_WaPo: Not the point of this story, but it’s remarkable how long federal policymakers tolerated a catastrophe in the labor market…

RT @heimbergecon: I'm late to this, but this is an excellent speech on non-bank finance by @Isabel_Schnabel: "The euro area remains a bank…

RT @AntonJaegermm: A contingent of US historians at Selma in 1965, including Richard Hofstadter, John Higham, William Leuchtenburg, and C.…

RT @wiwo: In ihrem Buch „Projekt Lightspeed“ erzählen die Biontech-Gründer von ihrer Jagd nach dem Corona-Impfstoff 2020. Biontechs Geschic…

@ekogaia And New London ….

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…

Asia accounts for half of all crypto-users. There are more bitcoin bros in Africa than in North America. This is fascinating by @Jonthn_Wheatley @AdrienneKlasa ft.com/content/1ea829… https://t.co/MrVijP2tw2

Rating agency Moody’s downgraded El Salvador’s debt in part because of legalization of bitcoin as tender. IMF — currently in talks with gov over a new loan — said adopting cryptocurrency as legal tender could destabilise prices & create financial risk. ft.com/content/56588f… https://t.co/FVhXalU792

In August Sub-Saharan Africa P2P bitcoin trading overtook NorthAmerica for the first time. ft.com/content/1ea829… https://t.co/iC2yUt1OF6

The development of the German economy since introduction of the euro presents a remarkably skewed picture. Export growth dwarfs all other factors. Gross investment lack luster. @dgb_news Verteilungsbericht file:///Users/adamtooze/Downloads/DGB_Verteilungsbericht%202021.pdf https://t.co/D03HMjpDZA

In iron ore and bauxite Guinea is a very big deal. Russia’s Rusal, US Alcoa are big investors in bauxite, Rio Tinto, Chinalco and China-backed SMB Winning own parts of Simandou, one of world’s most important iron ore deposits. @neiLmunshi ft.com/content/6ff3fe… https://t.co/TxrVbeReoa

RT @MacaesBruno: Finishing @adam_tooze fantastic new book on the Covid crisis. We have a session today in case you’re interested https://t.…

…. and then you realize feed is from CANADA! Sometimes it would be amusing simply to randomize the election results btw UK, New England and Canada … or … oh god no! … some smart economist has already checked for persistent effects of British place names since 17th century. twitter.com/gmbutts/status…

White House calls for $65bn to prepare for next pandemic … over next 10 years! Thats $6.5bn pa. With only $15-20bn up front. ft.com/content/88330b… I dunno … book that under "not grasping either scale of challenge or opportunity”? ft.com/content/88330b… https://t.co/bTdjQuxixV

Its been said, but it is worth repeating: the mere prospect that Lindner might become German Finance Minister poses systemic risk to eurozone. Not that his audience will care … until that risk is exposed and then they will blame someone else. twitter.com/tom_nuttall/st…

@DanielaGabor @GitaGopinath My sense is that Gita was mainly aiming her comments at the Fed. Non?

On current pace, "total M&A activity this year is set to overtake the all-time high hit before the financial crisis in 2007, when $4.3tn worth of deals were announced." ft.com/content/a3d350… https://t.co/yo9tQmFVhc

Late to this party, but @GitaGopinath is right: EM are "facing much harder headwinds, which is why they just cannot afford a situation where you have some sort of a tantrum of financial markets originating from the major central banks.” ft.com/content/873ca2… https://t.co/P4mF56b9Pe

@davies_will Yeah … you can have Hook and the Haqqani network directly in your feed!

RT @COdendahl: How the German election campaigns are going? #btw2021 You think that after scrutiny of the candidates now it's time for sub…

RT @ConflictGeo: Excellent essay by @adam_tooze: "self-consciously inhabiting our situatedness in time is what differentiates historical en…

RT @FabiusMayland: @adam_tooze "It has long been a working hypothesis for many in climate politics that what the world needed to shake it o…

El Salvador is 1st country to make bitcoin legal tender. Is it ready? Diaspora of 2m Salvadoreans sends remittances worth 20% of gdp each year. Cross-border transfers are slow and expensive. Wallet-to-wallet bitcoin transfers are quick & free.” economist.com/finance-and-ec… https://t.co/3EQZVAz3BL

Heavily dependent on foreign investment and with an important SOE sector, can Vietnam create national champion conglomerates on the South Korea’s chaebol or Japan’s keiretsu-model? economist.com/finance-and-ec… https://t.co/099CdKjXRs

"Vietnam’s deep connection to global supply chains and high levels of foreign investment make it seem more like Singapore. Since 1990 Vietnam has received average foreign-direct-investment inflows worth 6% of gdp each year, more than twice global average" economist.com/finance-and-ec… https://t.co/OLHHvXJ326

Indexes: "“Abingdon/al-Qaeda/Angola/Ascot/Asda”. Indexes are a solution, but they are also a puzzle. Take that last one. It is from a biography of John le Carré—and who wouldn’t wonder, Smiley-like, how those entries all join up?" economist.com/books-and-arts… penguin.co.uk/books/311/3119… https://t.co/svbKwn7OPh

@nina_econ @NewLeftReview As far as I can figure it out what triggered this was a mention of liberalism and the 1916 starting point of Deluge. More to follow.