ADAM TOOZE

RT @BergAslak: @BarretK @adam_tooze @FT The architecture of the EZ more than the fiscal rules themselves (which can be bent). Architects of…

RT @Preschel: @markkuilmari @adam_tooze @valentinaromei It's back to the levels of 1995. Cheers

RT @joecguinan: This, from @adam_tooze, is much more devastating than its tone, and the consequences of this misalignment and bad luck and…

Business confidence amongst US CEOs hits highest level since 1983. @LongviewEcon Via @soberlook thedailyshot.com/2021/03/09/ceo… https://t.co/E2LhgJL5PM

"the contradictions are the strategy” On UK’s incoherent China policy this is good by @robertshrimsley ft.com/content/39cc61… https://t.co/elbqMntZw3

“Ultimately … the policy mix is an improvement on the post-2008 reliance on monetary policy.” Though you would never know it from the grouchy @FT headline about the global impact of the Biden stimulus plan. ft.com/content/668446… https://t.co/gwBjUtzOcV

Such great news! Out in October Trillions HOW A BAND OF WALL STREET RENEGADES INVENTED THE INDEX FUND AND CHANGED FINANCE FOREVER Congrats @RobinWigg Cant wait! penguinrandomhouse.com/books/622819/t… https://t.co/bvHeTLl1DS

There has been a lot of talk about vaccine diplomacy and China’s opportunity to build a new network of dependency. But can China’s Sinopharm and Sinovac actually deliver? ft.com/content/99c7a9… https://t.co/p4awQBqr9t

Could climate -> chip shortage? Production of chips requires massive amounts of water. #1 producer TSMC in Taiwan uses 156k tons of water per day! Taiwan is facing historic drought -> TSMC has been asked to cut back threatening production! @70sBachchan ft.com/content/7bb860… https://t.co/wzwbJfAWSt

Is China greening the BRI? As overall overseas investment in energy plunged in 2020, renewables held up relatively well -> share surged over 50%. Will this trend continue? Tom Miller of @Gavekal research.gavekal.com/article/belt-a… https://t.co/Dkpe2HFBYF

RT @Shaw1877: "Every shot fired in the #Dardanelles is a shot fired into the Chicago wheat pit… during the Dardanelles operations America…

"HSBC has fended off a shareholder revolt ahead of its annual meeting after a $2.4tn coalition of investors agreed to back the bank’s climate change plans.” Is forcing a weaker & smaller player to make concessions and set a precedented, the tactic here? ft.com/content/3f9763… https://t.co/68WX3jUGeA

RT @jonsindreu: The 10-year Treasury auction had a decent showing, calming market fears. To boot, foreign buyers could soon start buying a…

RT @RembrandtsRoom: Although all six daughters of the Anguissola family became painters, Sofonisba was the most successful. Here she portra…

Is China’s BRI greening? Reports suggest it is pulling out of coal finance in Bangladesh = first move of this type? ft.com/content/308406… https://t.co/ElnI05xeqf

UK exports to Germany collapsed post-Brexit to lowest level in years. @valentinaromei data go back to 2000. Can someone give us a longer timeline than this? ft.com/content/7a82ec… https://t.co/WA75iFocNF

RT @Jopolkadot: “Admire as much as you can. Most people do not admire enough” Vincent van Gogh Bulb Fields The Hague Netherlands 1883 ht…

Most paths to decarbonization foresee a surge in LNG consumption along the way. Can supply keep up? ft.com/content/411633… https://t.co/UJ2p5lxFVf

RT @JHWeissmann: To put this in perspective, Obama's stimulus was polling around 54% in favor, 45% against when it passed. https://t.co/z…

RT @DKThomp: Hospitalization rates are really plummeting for seniors. Since early January peaks: – age 65+: down 82% – age 75-84: down 83%…

RT @EricLevitz: @johncarlbaker @_TimBarker Helpful piece, though I have some quibbles. One question that strikes me as potentially importan…

RT @yayitsrob: The Biden rescue bill is pretty important for US climate policy, even if it’s not billed that way. It includes $30B for pub…

"those in Beijing hoping the U.S. will ease its tech war will be disappointed. Instead, Biden is likely to push forward with an evermore Chinese-style industrial policy” @jamescrabtree asia.nikkei.com/Opinion/Biden-… https://t.co/Nxfinj4JmO

Something that the inflation hawks have to explain right now is how you get inflation when capacity utilization is at the low levels it has been at for the last decade. H/t @BCLMacro bclmacro.substack.com/p/the-70s-that… https://t.co/u1PeOh5rrp

Services from UK capital stock saw a strong recovery from trough in 2010 until the Brexit shock of 2016. Nice post this by @Frances_Coppola coppolacomment.com/2021/03/the-di… https://t.co/Ji2Yuj5hDf

Making SDRs great again: The initial allocation of the IMF’s reserve asset SDRs in 1972 was 9.3bn but that accounted for 8.4 percent of nongold reserves at that point. Today SDR share of reserves is less than 3 percent in recent years. imf.org/external/pubs/… https://t.co/hCOwLdu09X

The last thing the UK economy needs coming out of 2020 is a “roaring” 1920s. Worst decade in the modern record. Worse even than 2010-2020. Nice chart from @Frances_Coppola coppolacomment.com/2021/03/the-di… https://t.co/8DMMhaif6u

This from 2019 by Ocampo on expanding the uses of the SDR is excellent. imf.org/external/pubs/… https://t.co/Q1dqC6yBL0

Was the Brexit referendum bad for the British economy? The investment data strongly suggest so. H/t @Frances_Coppola coppolacomment.com/2021/03/the-di… From this Bailey @bankofengland speech bankofengland.co.uk/-/media/boe/fi… https://t.co/4J0p0ZH8Db

Keynes famously cites Lenin to the effect that inflation is the best way to destroy capitalism. How does Keynes see this working? Fascinating blogpost by @toby_n principlesandinterest.wordpress.com https://t.co/3wYw5s4CTM

Building a better SDR Reform IMF accounting of SDRs Distribute SDRs towards lower income countries with large reserve needs. SDR = only currency in which IMF lends. Private use next? Jose Antonio Ocampo stealth program to make SDR into world currency. project-syndicate.org/commentary/new… https://t.co/Gyy4859o72

RT @HyunSongShin: The BIS Bulletin published today examines the impact on dividend restrictions that came in the wake of the pandemic; bank…

RT @HyunSongShin: Importantly, bank capital supported lending, as intended twitter.com/bis_org/status…

The 1920s were different. Not sure about Rosenberg’s rationale quoted here. But, no doubt, the analogy 2020-1920 is silly. @izakaminska ft.com/content/838362… https://t.co/GHTVXQXA2F

RT @heimbergecon: Don't forget: As set out by ECB president Trichet and Banca d’Italia Governor Mario Draghi in their letter in August 2011…

Great news of accelerating rate of immunization In Germany! twitter.com/sdullien/statu…