America’s big banks are huge and they survive despite screwing up, but as @rbrtrmstrng points out, if they functioned liked a Canadian-style cartel where 5 banks controls 80% of market, their market valuations would likely be better! ft.com/content/5d0029… https://t.co/dBKF6p6WBR
Container rates China-> West have surged. At first it was really bad to Europe. Now California hit hard too. @rbrtrmstrng thinks it may be lasting. ft.com/content/5d0029… https://t.co/FWKBgfuCzD
@Orangeman1992 @policytensor @rbrtrmstrng To be clear I am just paraphrasing @rbrtrmstrng thought-provoking blog, which itself reflecting some interesting opinions in the market. Totally agree that it is too early to tell. Depends a lot on whether GOP manage to exploit it and what the Taliban do.
Did the Taliban kill the reflation trade? How? Afghan debacle -> Biden weaker -> less political capital -> less stimulus -> less inflation -> bond prices rise -> yields fall. Ouch … h/t @rbrtrmstrng ft.com/content/5d0029… https://t.co/SOhS5J0ygI
RT @thewire_in: It has never been easy to be an Afghan filmmaker. The Afghan archivists had managed to save 7,000 movies totalling up to 3…
RT @PhilippaSigl: Langfristig höhere Inflationserwartungen sind nicht brandgefährlich, sondern das Ziel der Geldpolitik. Mit Erwartungen be…
“pyrrhic victory”? Pakistan may be delighted at Ghazi’s fall in Kabul, but risks lurk. ft.com/content/fa2d08… https://t.co/s58ybGXoxT
RT @RichardEngel: Brave Afghan women protesting for their rights in Kabul. “Work, education and political participation is every woman’s ri…
"China will ban its internet platforms from a wide array of behaviour deemed to harm market competition, as Beijing’s crackdown on the sector intensifies.” So the US is now the wild west of data, where the top 1% ride high on huge tech valuations? ft.com/content/7ccf40… https://t.co/heFojeSib0
RT @SteveGreenleaf: Good stuff. Worth reading. twitter.com/adam_tooze/sta…
"At each point in post-9/11 story big US decisions have been based on conditions on ground — the ground in Washington." But "US presidents come & go. Geopolitics has a mind of its own.” @EdwardGLuce on clash btw solipsistic US politics & a complex world. ft.com/content/cac1c8… https://t.co/O3OIP5kg3W
"When America makes mistakes, the world becomes more dangerous, and when the world is more dangerous, the place to be is American assets.” For a second, in the current moment, you dont know whether @rbrtrmstrng is talking about Kabul or Wall Street. ft.com/content/5d0029… https://t.co/bkp1xEjInS
"In Nimroz, a southern province that is a market hub for opium and illegal drugs, only 9 per cent ($5.1m) of the Taliban’s finances were earned from drugs last year, while 80 per cent ($40.9m) came from taxing legal goods” @FT quoting @mansfieldintinc ft.com/content/25bb6e… https://t.co/Q6FQMl5Lcd
"evacuation flights resume Militants seek to maintain stability but banks and markets remain closed in Kabul” Very @FT headline this! ft.com/content/7f0342… https://t.co/eOHurs3FrR
RT @ChloeNCornish: UN warns of imminent health and water crisis in Lebanon as power shortages hit vital services: "Electricité du Liban (ED…
A beautiful thread this from @LalehKhalili on the first wave of Afghan refugees in Iran in the early 1980s. twitter.com/LalehKhalili/s…
Chartbook Top Links #12 just dropped. An effort to pull together some of the more illuminating coverage on Afghanistan of the last few days. adamtooze.substack.com https://t.co/7PynHW6i6q
RT @gyude_moore: Covid Vaccines Produced in Africa Are Being Exported to Europe – "Johnson & Johnson is sending shots from South Africa to…
If anyone continues to track FX markets in a consistently interesting way @TheStalwart , it is @marcmakingsense twitter.com/marcmakingsens…
RT @AlexKokcharov: On this day in 1998, #Russia experienced sovereign default, which caused a massive economic crisis. It was part of the E…
RT @ronaldpint: @adam_tooze @aeleeds @cbeyzad @DanielaGabor @BuddyYakov @dmwoodruff @csissoko @crmiller1 @irl_neil Great thread! Thank you…
RT @dmwoodruff: Someone's dyspeptic comment on Åslund begins a massive thread (w/ many branches) chez @adam_tooze on Russian transition to…
RT @leopoldasch: Keep coming back to this graph, can’t get over it. Number of German main battle tanks went from ~5,000 in the 90s to a m…
RT @thebafflermag: In 2016, @TimothyS wrote a history of counterinsurgency strategy, wherein a group of generals, think tank liberals, and…
@etbadabim @tomdrabowicz @LalehKhalili Bluffing on twitter ….;) a dangerous game. You gonna get called!
RT @AndyLangenkamp: .@adam_tooze: The basic fact of our world is its multipolarity. The China-sceptics may be right – China may never ove…
Ahhh …. Some context on the earlier BHL insanity @LalehKhalili twitter.com/DanielZamoraV/…
@michaeljswalker I agree this is a really interesting question. Perhaps @pseudoerasmus has a view? His thread on politics of successive regimes in Afghanistan earlier today was outstanding.
@aeleeds @DanielaGabor @cbeyzad @BuddyYakov @dmwoodruff @csissoko @crmiller1 @irl_neil In any case, feelings aside, it is clearly time to wrap this fascinating conversation.
@aeleeds @DanielaGabor @cbeyzad @BuddyYakov @dmwoodruff @csissoko @crmiller1 @irl_neil Every conversation on twitter has that quality – intimate and very public. I did not take @aeleeds comments as intended any other way. I’m horrified that they fell badly with @DanielaGabor who is indispensable, a huge authority and I count as friend. Im a little heartbroken tbh.
@aeleeds @DanielaGabor @cbeyzad @BuddyYakov @dmwoodruff @csissoko @crmiller1 @irl_neil To be clear @aeleeds is right. I asked him to contribute to the conversation on Russia in 1990s because he has such deep expertise. Personally I found his comments very illuminating. I read them as addressed to the broader audience and thus explanatory in a general sense.
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