August 26, 2021
"The emergence of central bank digital currencies (CBDCs) is inevitable.” But "What’s inevitable isn’t necessarily what’s optimal." @economistmeg not holding back! ft.com/content/21e3af… https://t.co/0gGn4x8TWX
"The emergence of central bank digital currencies (CBDCs) is inevitable.” But "What’s inevitable isn’t necessarily what’s optimal." @economistmeg not holding back! ft.com/content/21e3af… https://t.co/0gGn4x8TWX
“Common prosperity” is Xi Jinping’s new buzzword. thedailyshot.com/2021/08/25/us-… https://t.co/oC07PgMqKD
Large, publicly-traded homebuilders increasingly control the nation’s residential construction market. thedailyshot.com/2021/08/25/us-… https://t.co/CwZZoSR9xs
RT @adamvaughan_uk: 2020 in Europe was the warmest on record, says @metoffice. A huge 1.9°C above the long-term average. Many of the Nordi…
So unless I am mistaken this is literally the twitter account of the Haqqani network! twitter.com/AnasHaqqani313…
Data from Bahrain on breakthrough infections suggests that Russia’s Sputnik vaccine offers quite good protection. Even Sinopharm FAR better than unvaccinated. twitter.com/EricTopol/stat…
Europe’s banks have long complained about low interest rates and profit margins etc. But 2020 sets a new low for net interest income as a percent of assets. @fwred via @SoberLook https://t.co/V1zxth95Gx
Natural gas prices in Europe are spiking. This shifts the conversation about energy transition and the future of fossil fuel industries. On both sides of The Atlantic. On the wider effect check out Chartbook #32. adamtooze.substack.com/p/chartbook-32… https://t.co/V1nQ9nax5w
Though often maligned as “medieval,” Afghanistan has been a laboratory for visions of development and internationalism exported from abroad. @timothynunan is an essential read on Afghanistan. noemamag.com/the-end-of-nat… https://t.co/MgwcmTqtuD
Afghanistan crisis is triggering a revived migration debate in Germany. Ghosts of 2015 will be reawakened. The trend in recent years, even before 2020 has been modest and downwards. @DeutscheBank via @SoberLook https://t.co/2DcE0MNd05
On Monday, IMF member countries started receiving their shares of new $650bn SDR allocation — largest in fund’s history. But there is no plan in place to make best use of these to support low income countries! How is this possible? ft.com/content/63e31f… https://t.co/DMIHjaUYcJ
German industrial production has rebounded from 2020 shock but the pre Covid trajectory was downwards and that is looking as though it may continue. (Caveat: new orders tell a different story). thedailyshot.com/2021/08/06/the… https://t.co/xY7uFQwsh2
Where is the SDR plan? In June, the G7 group of the world’s richest nations agreed in principle to channel $100bn to the most vulnerable countries, either in the form of SDRs or loans, but no action has yet resulted. ft.com/content/f96b6b… https://t.co/JOBVDfIk4y
US trade deficit (ex petroleum) hit another record amid surging domestic demand. thedailyshot.com/2021/08/06/the… https://t.co/dJtqJo43L8
The global chip shortage is hampering China’s 5G rollout. Spending on 5G networks and other infrastructure by China Telecom, China Unicom and China Mobile and their joint venture China Tower fell one-quarter in the first half of this year ft.com/content/6ecb7f… https://t.co/MtkUUfmfoG
The latest Chartbook Top Links just dropped. Regular lists of fascinating and fun reading and viewing from around the web for subscribers to the Chartbook Newsletter. adamtooze.substack.com/p/adam-tooze-c… https://t.co/GPpuT843it
Demonstration of delivery drones in Haifa in March 2021. Israel is home to many cutting-edge ventures. SoftBank planning to make major investment with advice from ex-Mossad boss. asia.nikkei.com/Business/SoftB… https://t.co/1XiB8jdt9q
RT @laurnorman: #Afghanistan @RESCUEorg @DMiliband: "The current pledges from the G7 today falls far short of addressing the scale of need…
As SoftBank Group's Vision Fund looks to invest in Israel's cybersecurity startups run by military veterans, it has turned to a former Mossad chief Yossi Cohen as advisor. asia.nikkei.com/Business/SoftB… https://t.co/6S8P08BY1K
RT @wimbramer: Great summary by Armstrong of article Fancy. “From what I understand, it’s clear we need, for example, a whopping big carbon…
RT @MauriceJCasey: A hand crafted newspaper, written and drawn by two precocious teenage girls, which describes world politics and the day…
No more "Reckless expansion of capital” China’s regulators have frozen 42 initial public offerings, many of them by tech companies, on two mainland exchange ft.com/content/6ecb7f… https://t.co/sXOv8eVIdl
"fter slumping in dramatic fashion during Q2 2020, export volumes have since soared to above levels seen before pandemic began to impact the global economy and are now at an all-time high.” How? What about supply chains? A: Its a commodity driven surge. ft.com/content/10f66c… https://t.co/RubRfSBVbq
RT @RobinBrooksIIF: There's only one true safe haven asset globally: German Bunds. Nominal 10-year yield trundles along (lhs, black), but t…
RT @gfkkb: This is such a great episode! @adam_tooze joins @SinicaPodcast to discuss why it is critical to study China’s modern history and…
It may be Powell v. Brainard for the top job, but Williams Spriggs, Lisa Cook, Seth Carpenter, Sarah Bloom Raskin are all in mix for top jobs on Fed Board. As you would expect @NickTimiraos has his ear to the ground. wsj.com/articles/progr… https://t.co/qmadPsUnim
International bitcoin “miners” are reaping rewards from China’s effective ban on the energy-intensive practice, generating ever-higher profits by filling a vacuum in creating digital tokens left by former Chinese rivals. ft.com/content/118880… https://t.co/WSxQ93WIbz
This by @rbrtrmstrng on cant and pretension of ESG investing is devastating. Rehearsing arguments from @sosofancy ex of BlackRock Conclusion: Mobilization, boycott, corporate reorganization, regulation, taxation, collective politics are the answers. ft.com/content/ec02fd… https://t.co/yB8R2UpqCc
Lowflation was the challenge Jerome Powell faced as Fed chair in August 2020. Now he has found himself facing a shocking, if temporary, acceleration. This is mean from @NickTimiraos @pkwsj wsj.com/articles/fed-c… https://t.co/YLxoRzmG8I
For first time since 2015cshipping giant Maersk is ordering new container ships. And they are green! Running on e-methanol. ft.com/content/800fae… At same time they are investing ine-methanol prod. maersk.com/news/articles/… Is this a model for scaling green fuel production? https://t.co/A4tqpZ2Eph
Molotov-Ribbentrop pact WWII economics Bismarck, Moltke 1871 Plus China The Afghan-Soviet war. History content from Chartbook newsletter in recent weeks. To get regular emails sign up here: adamtooze.substack.com https://t.co/pXnpbAHxhN
In 2024 Maersk is taking delivery of 8 container vessels rated at 16k boxes each capable of running china->EU on green methanol. Capital cost per ship $175m = 10–15% premium. Fuel is twice as expensive. But Amazon and H&M will pay. We CAN do this! ft.com/content/800fae… https://t.co/q1MvZQscQi
“I play within the four lines of the Constitution, and I play, if needs be, with guns on the other side.” Bolsonaro pushes the limits of democracy in Brazil With polls sliding, B is crafting a strategy reminiscent of Trump @bryanhimself ft.com/content/7e8619… https://t.co/8fOWL68yxV
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