April 18, 2021
RT @EileenTurner8: I've seen plenty of bison on my trips to the US but never moving like this. Amazing to see. https://t.co/0K4keqcXwO
RT @EileenTurner8: I've seen plenty of bison on my trips to the US but never moving like this. Amazing to see. https://t.co/0K4keqcXwO
"Mario Draghi is using his position as Italian prime minister to deliver the one thing he could never conjure up when he was head of the European Central Bank: massive fiscal stimulus.” Italy set to run largest fiscal stimulus in 2021! bloomberg.com/news/articles/… https://t.co/EdLElUkjlz
@RobinBrooksIIF Actually the more striking thing about 2008 is how oil holds up and does not disappear until price collapse and the fracking revolution kicks in. The collapse in the non-oil deficit between 2007 and 2014 is spectacular!
RT @ian_goldin: The Cape Town fire is now raging through UCT. The library with its irreplaceable collections and where I learnt much of wha…
@RobinBrooksIIF Point taken about China. But, eyeballing it, Im not seeing any contraction in Japanese or German surplus with US in 2020 v. 2008. The large “other” item prior to 2008 is oil, is it?
The imf estimated this month that its accessible foreign reserves fell from $123bn in 2018 to just $4bn last year. (Gross reserves are much higher, but most of that sum is unusable because of sanctions.) economist.com/middle-east-an… https://t.co/3FDkCB9TBb
Hi @RobinBrooksIIF great chart on German/Japan exports. But how does this look if you examine current account surplus/deficit rather than just the export side? US deficit with Eurozone held up in 2020 -> AD effects net out. In 2008 US deficit collapses. ec.europa.eu/eurostat/stati… https://t.co/oUgaGF8jQD
Heading towards 159.8% of GDP, Italy’s public debt ratio is about to hit an all time record, higher even than after World War I. bloomberg.com/news/articles/… https://t.co/NB2WN5cusO
The Lower Saxony connection: the portrait of Baerbock of the German Greens by @JeremyCliffe with interviews with @APHClarkson is as good as everyone says it is! Must read. newstatesman.com/international/…
RT @AdamPosen: This is a great reassessment of the Washingtom Consensus by @D_A_Irwin Highly recommended on the passing this weekend of Jo…
@HudsonBrooks2 @Gallup @SoberLook End of Cold War and need for new enemy?
The surge in American public hostility to Japan was a remarkable phenomenon in the early 1990s. It was also transient. @Gallup via @SoberLook thedailyshot.com/2021/04/16/low… https://t.co/f5I4haRtnz
RT @Pathfinder: A scannable QR code advertisement created by drones above the skies of Shanghai. Beautiful. https://t.co/s3T4Fb9314
How Netflix killed the video store: remarkable video of rise and fall of the Blockbuster empire across the US. twitter.com/JonErlichman/s…
The imf estimated this month that its accessible foreign reserves fell from $123bn in 2018 to just $4bn last year. (Gross reserves are much higher, but most of that sum is unusable because of sanctions.) economist.com/middle-east-an…
"Forget Hamilton. What the EU is facing right now is a Calhounian moment. It need not be fatal. But constitutional pluralism driven by activist judges, led by Germany’s BVerfG is a recipe for disintegration.” Tough stuff this from @TheEconomist economist.com/europe/2021/04… https://t.co/GoHseogIBe
In 2020 China’s credit impulse (new credit/GDP) was increasing strongly YoY. As 2021 begins it is plateauing at levels already reached in early 2020. (At least I think I am reading this right. It can be a tricky indicator to read). thedailyshot.com/2021/04/16/low… https://t.co/jQBFtFUOxG
India Inc: Indian corporations have about $46bn in outward FDI invested in low income countries v. $645bn from China. Not only is India smaller it does not have a geoeconomics strategy. That may be for the best. Interesting this from @TheEconomist economist.com/international/…
Cavalrymen from the units of the 2nd Guards Cavalry Corps attack enemy positions with the support of aviation, artillery and tanks (the attack is supported by a BT-2 tank). Bryansk Front USSR September 1943 twitter.com/sitnikov_94/st…
RT @olgatuleninova: Claude Monet, obra "Garden in Bloom at Sainte-Addresse" 1866 https://t.co/8bpO3z0XGj
Dark visions from the US NICX in which US loses hegemony and Europe is dominated by Green parties bent on working through UN to alleviate food shortages. washingtonpost.com/national-secur… https://t.co/LNIMCTuHIP
RT @TerryReintke: 70 years ago, the Treaty of Paris was signed. The foundation of the European Coal and Steel Community was meant to make w…
RT @KeineWunder: Ideal für verregnete Sonntage: Der in der Tat sehr lesenswerte Essay von @adam_tooze über Krugman… Nicht die #MMT best…
The moving people around business is gigantic: passengers travel 20trn km each year in 175 countries using road vehicles, including public transport.But traditional car companies are no longer top dogs in this business. Tesla and Uber are the new giants https://t.co/spX74T2T1J https://t.co/8wacbrxGrg
Famous image of the 1848 chartist protests colorized …. Very cool stuff! twitter.com/StuartHumphrye…
After taking a historic hit in 2020, in 2021 US motor vehicle production is being crippled by chip shortages. thedailyshot.com/2021/04/16/low… https://t.co/PDo2HdRb69
RT @ItaliAuto: 🙋♂️ Great evening everyone 😉 🍀 #AlfaRomeo 🇮🇹 Tipo 33 Stradale 😈 https://t.co/YcCZXdH7iT
For this reason, Green Party participation in German government may actually ease tensions with the Biden Administration on Russia and China. twitter.com/danielremler/s…
RT @flr_louis: Glenda Sluga – The Invention of International Order – Remaking Europe after Napoleon à paraître en novembre aux Princeton U…
"Huarong bonds — among the most widely held SOE debt worldwide — recently fell to a record low of c 52 cents on the dollar. That’s practically unheard of for an SOE.” thedailyshot.com/2021/04/16/low… https://t.co/a5AMrh8Y9b
"It’s been 11 weeks since Lai Xiaomin, the man once known as the God of Wealth, was executed on a cold Friday morning in the Chinese city of Tianjin.” Not how stories about "white collar crime" in the West ever begin! bloomberg.com/news/articles/… https://t.co/A0YvFP5NU7
Alarm about Russian buildup triggered reaction from Ukraine’s central bank – hiking rates by 1 %. But we are still a long way away from the true crisis period! @SoberLook as ever scanning the wide horizon. thedailyshot.com/2021/04/16/low… https://t.co/xa1LTvB00j
US banks are back: Returns on tangible common equity, a measure of profits relative to capital, leapt to 20% at Citigroup, 29% at JPMorgan and 33% at Goldman. And as @gilliantett notes they are outstripping their European counterparts again. economist.com/finance-and-ec… https://t.co/SCKsYQ1sXV
Since August 2020 the US economy has been on the 2% inflation track that the Fed targets. economist.com/finance-and-ec… https://t.co/bMxit1Fcu2
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