In 1950 China was poor & had expectancy to match. By 1979 it was still poor, but life expectancy had surged to 64 = middle-income levels. In early 1980s @WorldBank took stock of China’s Socialist Development. It was impressed. Check out Chartbook #28. adamtooze.substack.com/p/adam-toozes-… https://t.co/XLeTofi9cg
The continuing worries about debt-burdened Evergrande are sending tremors through China’s regional high-yield debt markets. thedailyshot.com/2021/07/23/us-… https://t.co/Jad6D9HWHT
"Yang Baiwan, Millions Yang” – one of China’s original market speculators "liked the old saying that the first man to suppose a crab might be edible was either very forward-looking or very hungry. -> Learn from those who have the courage to eat crab" economist.com/obituary/2021/… https://t.co/79VFjrzG4f
IWM: Three worst words in the English language. I really care about the @I_W_M Ive been regular visitor both as a kid and adult, but I have to say that on last visit, a few years ago, I was struck by how badly they were struggling with history after 1945. prospectmagazine.co.uk/society-and-cu… https://t.co/mglFMiLY6J
RT @JMGlachant: 70th edition of "BP Statistical Review of World Energy” shows a boom in Portugal solar with generation increasing by 25.9%…
@KNaughton711 Sorry? Please explain. ECB policy has amply rewarded folks who showed faith in Italian debt in the hard times. It still offers a premium over German debt.
@OliverBWeber Koennen Sie mir Leseempfehlungen geben? Super interessant! Adam.tooze@columbia.edu
RT @tomreadsgoodok: Striking video of 1991 G7 summit world leaders small talking with each other. We need more mic'd up summit attendees li…
Italian 5-year debt sliding back into negative yield territory. It is worth reminding ourselves periodically how strange this. Or should it always have been this way! thedailyshot.com/2021/07/23/us-… https://t.co/uoGFNzaf0e
RT @RobinBrooksIIF: @adam_tooze This goes back to our output gap work. Inflation short-falls are a Euro zone & Japan issue, not a US issue.…
RT @ShazCoder: A striking observation by @adam_tooze that WB report was very positive on China's socialist era and planned economy. I noted…
RT @OliverBWeber: @adam_tooze @stefeich @Fionnindy I am really looking forward to @stefeich's book to understand this link!
What is most obvious way to read this graph? As a sign of inflationary peril? Or as an indicator that AE as a whole are falling significantly short of the consensus goal of achieving 2% inflation, the problem start before 2020 & errors are all one way. economist.com/briefing/2021/… https://t.co/ldzOZ0RZWp
Will we see the widely-followed Case-Shiller housing index exceed 25% in June? @Not_Jim_Cramer via @SoberLook thedailyshot.com/2021/07/23/us-… https://t.co/ZOPYwFUsuh
Oliver is laying down some great threads right now! Kudoas to @OliverBWeber twitter.com/OliverBWeber/s…
Markets are pricing Eurozone inflation at around 1.5% 15 years into the future = measure of the challenge facing the ECB. thedailyshot.com/2021/07/23/us-… https://t.co/qUJ0RsYsg2
In majority of sub-Saharan Africa less than half the population have regular electricity supply. reliefweb.int/sites/reliefwe… https://t.co/NY5iD82eYr
Crazy things happened in the US home market last year. thedailyshot.com/2021/07/23/us-… https://t.co/eHYFdmKR9K
Been a bit of a China month: Long Read for @NewStatesman on China’s struggle for Econ development newstatesman.com/international/… Paired with Chartbook #26 on China’s hyperinflation Chartbook #28 on China as seen by the @WorldBank in 1983. Sign up here: adamtooze.substack.com https://t.co/NVzdsv61Tg
The US consumer confidence numbers are really not looking great! @SoberLook thedailyshot.com/2021/07/23/us-… https://t.co/mbd4lecIo7
The Fed’s reverse repo balances are approaching $900 billion = way to drain liquidity from the financial system. thedailyshot.com/2021/07/23/us-… https://t.co/rKqrMx604X
RT @x_delcourt: A lire en parallèle à cet article dans le New Statesman newstatesman.com/international/… twitter.com/adam_tooze/sta…
“Great and mighty things which thou knowest not” This reaction by @PMehrling to Werner is still one of my favorite money blogs. sites.bu.edu/perry/2016/01/… https://t.co/5bnPVqTKiq
@theoryhack @WorldBank It screams out of @WorldBank 1983 report! adamtooze.substack.com/p/adam-toozes-…
Fool’s Gold? In fact, some 5-10% of the world’s actual gold production today derives from pyrite … admittedly somewhat processed. But I knew it … one of those childhood disappointments you never get over 🙂 economist.com/science-and-te… https://t.co/z9JttVSxSh
RT @blkahn: The photo from the Dixie Fire in California is just… latimes.com/california/sto… https://t.co/XLT5uXpgeA
Chartbook #28 is out: on how the @WorldBank discovered in early 1980s that Maoist China, unlike post-independence India, had through health care, education and nutrition laid a remarkable platform of human capital and a launching pad for massive growth. adamtooze.substack.com/p/adam-toozes-… https://t.co/ucC6iXVHyL
RT @rocketdog632: @adam_tooze This ticket shows it costs ¥120,000 to park a car for about an hour in Shanghai. Possibly from 1947. #Hyperin…
RT @BJMbraun: The all-time classics @AdamPosen 1993 & 1995 easily top my most-played list. https://t.co/Yu5a6RmXvU
RT @njtmulder: Job alert: @CornellHistory is hiring a historian of the U.S. in the world (19th-21st centuries). The position starts in fall…
RT @bruceestokes: Adam Tooze's Chartbook #28: China in 1983, a miracle waiting to happen?, by @adam_tooze adamtooze.substack.com/p/adam-toozes-…
@MitchellBernar2 Sorry. Didn’t mean to imply any intellectual commitment. Just thought it was exceptionally clear statement of conventional views. Nothing more …
@OliverBWeber Die Brücke, die Sie schlagen zum Rechtshegelianischen Diskurs is genau richtig. Das ist in der Tat DIE Frage des Moments. Vielen Dank fuer diese Erhellung. Es schwebte bei mir im Hintergrund. You foregrounded it. Danke!
The emergence of the “world car” or “global car” as a concept driving corporate reorganization in Detroit in the 1980s, in reaction to what VW and Toyota et al had been doing since 1960s is a fascinating phenomenon. https://t.co/JXUPXMKMRg
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