ADAM TOOZE

RT @paulkrugman: A friend recently reminded me of this classic case of inflationista scare tactics during the Obama years; what we should h…

Fancy a slice of the global uranium ETF? It may be about to bounce off its bottom … thedailyshot.com/2021/03/19/the… https://t.co/R7s4JeXRvd

Average NYSE holding period surged following the Great Depression/WWII then began to plunge in late 1960s and 1970s. We are currently approaching record low levels. thedailyshot.com/2021/03/19/the… https://t.co/kmeb1nDyDT

As US Treasury yields hedged into yen and euro surge above local yields it is going to be interesting to see how big the flow of funds is. @SoberLook thedailyshot.com/2021/03/19/the… https://t.co/IBzE6MohMj

Net-Zero Europe at "Zero Cost"? Does anyone know of any good critical engagement with this @McKinsey @McKinsey_MGI report on how the EU gets to net-zero. @Jmhaas @_ppmv @PIK_Climate mckinsey.com/business-funct… https://t.co/mcshY7b8qG

RT @HaipoFinance: @adam_tooze Non-US investors own 40% of US stocks, according to Tax Policy Center. https://t.co/TcLneKWbrK

@alex_callinicos A point well made in the documentary.

@AltSpinelli NO doubt. I was just taken with his two anecdotes about 2008. The one about Draghi and Gorbachev is pretty priceless.

As the US Treasury pushes liquidity into the US economy, short-term interest rates are plunging. thedailyshot.com/2021/03/19/the… https://t.co/aSaUV9Hlhn

What is central bank digital currency and why might it matter? This explainer by @PIIE Patrick Honohan is useful! piie.com/blogs/realtime… https://t.co/LvU69hGON2

Plunging rate of growth in UK real earnings is quite something. Not news. But every time you see that graph there has gotta be a sharp intake of breath! ft.com/content/85939e… https://t.co/oHpZOqtYGM

Oct 2008 in US Treasury: Steinbrück, the German finance minister, said he had met a woman that week in ex-GDR who told him “she’d seen the fall of communism, and now she was witnessing the fall of capitalism”. This opening by Mark Carney is tantalizing! ft.com/content/85939e… https://t.co/OrDueQguRo

"The public sector can only save more if the private sector saves less. Economic strength is a precondition for fiscal tightening.” I revisited this @RobinBHarding piece on Abenomics from Sep 2020. I am glad I did. ft.com/content/9f4b16… https://t.co/kusmI61S5l

Covid crisis has been a boon to reputation of big Pharma. It has bounced back to approval rating close to those of tech. But isnt the surprising thing here that it is true for financials as well! ft.com/content/7ad9d7… https://t.co/Fi2EDQpy7z

Last week, when French insurer Axa moved to drop German energy company RWE as a client, it was not just a sign that coal was quickly becoming untouchable. It was also a warning to fossil fuel companies that simply pledging to go net 0 will not be enough. ft.com/content/0b0a04… https://t.co/AA0OkdqWkO

Turkey’s central bank hiked rates by 200 bps (the market expected 100 bps). The lira surged. Then … would you know it … Erdogan fired Agbal the central banker who had turned market opinion around! thedailyshot.com/2021/03/19/the… https://t.co/c9ee5qFLDQ

Turkey’s president Recep Tayyip Erdogan fired Naci Agbal, the governor of the central bank on Friday just three months into his four-year term after a cumulative 8.75% increase in rates. ft.com/content/86bef7… https://t.co/HweeXGDgHy

@tedfertik @AntonJaegermm No one can figure out how the Greens and the FDP go together. FDP is fighting serious rearguard on climate.

RT @RobinWigg: People always wrongly treat emerging markets as a monolithic blob. In reality there are four distinct categories: EM, China,…

"Xi Jinping gathered top Communist party officials in Beijing earlier this month to warn that peaking CO2 emissions by 2030 would be a “great examination” for the leadership, his message was punctuated by an orange cloud that darkened the city’s skies.” ft.com/content/809532… https://t.co/SVU2ScIyF1

IG Metall and eurozone inflation. Despite a strong recovery, German industrial employers are offering 0% wage rises. IGM wants 4% -> will they compromise at ECB target of 2%. Hardly a sign of a dangerous wage-price spiral. @senoj_erialc essential reading. ft.com/content/b7d1ca… https://t.co/RiSN5DcBXA

RT @SergiLanauIIF: Indonesia was one of the 'fragile 5' in the run-up to the 2013 taper tantrum. Same now that rates are going up fast? No,…

Where should the spectacular outperformance of US equities relative to entire ROW figure in our assessment of “decline of American power”, end of US hegemony discourse etc? Genuine question. ft.com/content/1510fa… https://t.co/vrNOa2sCPx

"The US Federal Reserve is locked in a high-stakes showdown with markets.” But are financial conditions really tightening? This write-up by @colbyLsmith is an excellent summary of the last couple of weeks. ft.com/content/a70fa2… https://t.co/bLcSGwleAk

Who Said “Debauch the Currency”: Keynes or Lenin? pubs.aeaweb.org/doi/pdf/10.125… https://t.co/Dj5bzUSOUT

RT @aanuadeoye: We had this profile on the agenda this week but the passing of President John Magufuli made it even more pressing (!). Here…

RT @JanTattenberg: Submitted my PhD! If you're interested in the clean Wehrmacht myth and the rise of far-right networks in the armed force…

RT @kevinjohnson: @John47137220 @Noahpinion @adam_tooze Bitcoin now uses 8x (!!) the energy of gold mining per dollar of asset produced (ca…

The name Trease sounded so familiar and when I googled … what a treasure trove! I didn’t know Bows Against the Barons but I remember LOVING The Hills of Varna as a kid. Thank you @Budapestkick for the reminder! https://t.co/fgTiupAwbT

So the SLR exemption IS going to expire. Will we see the scenarios sketched in Chartbook Newsletter #16 play out? Was written with real trepidation. Now we see what happens …. adamtooze.substack.com/p/chartbook-ne… ft.com/content/279c27… https://t.co/h4VCrYpHH9

@Budapestkick @LBFlyawayhome No. But sounds amazing!

Monetary War and Peace London, Washington, Paris, and the Tripartite Agreement of 1936 Potentially of interest to @njtmulder and friends. cambridge.org/us/academic/su… https://t.co/5ZjIEftvPn

RT @TheStalwart: If you feel bad about wrapping your head around the SLR stuff, don't worry. This is the background of JPMorgan's most prom…

RT @doctorow: Protestant Church (1967) in Willingen, Germany. Architect unknown. germanpostwarmodern.tumblr.com/post/646112171… https://t.co/R7RdSdZZ7g

RT @APHClarkson: The thought of Emmanuel Macron having to respond to a Green German Chancellor who says "yes, let's build a stronger EU! He…

@LBFlyawayhome Robin Hood …. Those images left an indelible impression.