@shetlerjones @shashj @PayneConGeo @kpd_musing @FT Whatever line one takes right now it is astonishing how obvious the “tilts” are. The China shock is like a natural experiment revealing underlying positions. My favorite is the “obsolescence of Merkel-era appeasement” trope.
"China’s crackdown is designed to demonstrate state’s control over the economy, in contrast to US and EU regulation which generally aims to protect consumers or ensure that markets function better.” @FT is right. Question is whether that is a bad thing! ft.com/content/fc211f… https://t.co/BQgdhRhx1q
"Economic history isn’t like normal history – it doesn’t repeat itself as farce and it doesn’t rhyme. Technology moves on, political and legal systems develop, debtors turn into creditors and vice versa.” Brilliant opening from @dsquareddigest theguardian.com/commentisfree/… https://t.co/PlfxecLyYR
@DEHEdgerton @shashj And you know that the further we go down this line the deeper we go int the spirals of "the loop” 🙂
@shashj @PayneConGeo @kpd_musing That is very clarifying actually. So we have Indo-Pacific Involvement v. Focus v. Deployment v. China-related defensive? activity within NATO. We need a Venn diagram.
The safe haven of the American super-rich in case the US collapses is social democratic New Zealand. @KuperSimon on elite time horizons. ft.com/content/73f6ba… https://t.co/TbhmzIPLOG
@shashj @PayneConGeo @kpd_musing Ahhh …. Involvement v. Focus (v. Deployment?)… re involvement they were after all pushing NATO to extend its remit only just the other day.
@PayneConGeo @kpd_musing @shashj @jamescrabtree @Dimi @LawDavF Another element of this is the slightly ramshackle spectacle of the carrier group, the broken down destroyers, F35s etc and the debate one gathers is going on in DC about the utility of carrier groups in this setting. A lot of axes being ground at once!
@PayneConGeo @kpd_musing @shashj @jamescrabtree @Dimi @LawDavF In one of those twitter dog fight moments I am all spun around, but think at this point I may be defending my use of the word “kerfuffle" 🙂 Your point about distortion/inflation/misrepresentation is well taken.
"Western businesses must accept ultimate primacy of politics in a democracy.” @fromTGA @guardian theguardian.com/commentisfree/… Same day @FT op ed: China’s crackdown on biz bad because primacy of state. Good reg in West focuses not on politics but consumers. ft.com/content/fc211f… https://t.co/GJtV9X9pWw
@shashj I did read transcript, thanks to @jamescrabtree I agree that Austin did not say what you dont want him to have said. But, if like @Dimi you were privy to certain conversations in DC and you read btw lines, you might very well think A. was talking in code. @kpd_musing @LawDavF
China’s unprecedented crackdown on its technology industry has turned Tencent Holdings Ltd. from a market darling into the world’s biggest stock loser this month. bloomberg.com/news/articles/… https://t.co/vER8VIvDT7
In the Loop: FT report by @Dimi suggesting that US Sec of Def Austin said UK would be better off focusing on Atlantic has triggered quite the kerfuffle in London. Uk participants parsing Austin’s every word accusing @Dimi of spin. @Dimi pointing to actual debate in Washington. twitter.com/jamescrabtree/…
@kpd_musing Totally confirms mine I’m unashamed to say. Sorry the story is wrong frankly. 🙁
@LawDavF @PeterRNeumann Hi Lawrence do you happen to have links to actual remarks? I was just following the FT’s spin on it and, I must admit, am predisposed to do so.
RT @albertobaezav: 📮¿Cuáles son las Newsletter que recomendáis? Empiezo yo: la newsletter de @adam_tooze Chartbook📑 Os leo🧐
RT @azraisakovic: #Chine🇨🇳/ Le siècle chinois. La fabrication d'une superpuissance économique – Couverture de New Statesman de cette semain…
Huge plurality of German voters wants none of Baerbock, Scholz and Laschet, though, NB, Baerbock now leads the race! twitter.com/Wahlen_DE/stat…
RT @JRCookson: This is the best thing I’ve watched in a long time, and that includes the first season of Ted Lasso I watched last week. htt…
The 1990s “slowly chipped away at the division between private and public,” Monica Lewinsky “Over and over again I have found that the only thing that really works is the right kind of public-private partnership.” Bill Clinton. H/t Jonathan Levy https://t.co/DPDnnFWyXB
RT @70sBachchan: 6/“They’re investing significantly,& they’ve gone right to the highest levels of technology capability from day 1. There’s…
Chartbook Top Links #5 will be up tomorrow. We’ve done Greening the Fed, Thatcher’s inflation pantry & the Imperial Japanese Navy. Check out #1, #2, #4 here and subscribe to receive regularly: adamtooze.substack.com https://t.co/YIJWRJMjR6
RT @jraimo: Le drapeau soviétique sur le Reichstag d’Evgueni Khaldeï : la photo comme arme politique (avec @MEudesAFP sur @franceculture ;…
RT @holdengraber: ♟MARCEL DUCHAMP Born on this day, in 1887 “I am still a victim of chess.” It has all the beauty of art — and much more.…
RT @EddieDu5: #Turkey is building a wall along the #Iran border in the eastern province of Van as the number of #Afghan migrants entering t…
Bismarck or Moltke? Hilarious 1882 genre painting by Carl Gustaf Hellqvist, pairs well with the inaugural Chartbook Video on German unification. Sign up here: adamtooze.substack.com/p/chartbook-vi… https://t.co/ACqxGoI8Y0
RT @KetanJ0: Norway's Troll gas field will be producing in 2051 – one of the biggest in Europe. That's a clear instance of betting on (an…
The orchestration of diplomacy, politics, military power is what makes German unification in 1871 so remarkable: a stunning manipulation of historical forces. Check out this talk I gave for the 150th anniversary: #1 in the new Chartbook Video series. adamtooze.substack.com/p/chartbook-vi… https://t.co/GoP1SnbLiZ
"Myanmar-based rights groups have submitted a complaint to the OECD against Telenor after the Norwegian state-owned telecoms company sold its business in the conflict-torn south-east Asian country to a politically-connected Lebanese investment firm." ft.com/content/f7631b… https://t.co/eKFmJG4Cgw
"The Fed does not target the total supply of dollars because you can’t aim at something you can’t see. Instead, like most central banks, it relies on a single interest rate and a massive assumption” this essay by @bhgreeley is great. ft.com/content/8ed6a9… https://t.co/E3zfnQUQR1
"They do not allocate credit, the central bankers will say — that’s for markets to decide. But the Fed is already allocating credit, whether it wants to or not.” @bhgreeley in fine form! ft.com/content/8ed6a9… https://t.co/0HlpDmeFBI
We need to be paying more attention to Tunisia! One bright spot is that it does not have a hegemonic army tha is a tool of oppression as in Egypt. But otherwise failure to incorporate mainstream Islamism into a stable political order threatens disaster. ft.com/content/b4da82… https://t.co/gnH4jW3fyE
$309bn in debt. Regulators are after it. So are its banks. "Once richest man in China” boss struggling to preserve his fortune. "Inclement" mood in the markets generally. No wonder shareholders in China’s giant Evergrande are worried. ft.com/content/f51812… https://t.co/kdsvBesl3S
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.