March 9, 2021
RT @njtmulder: Mazower's history of the Greek War of Independence comes out in November. Bound to be a good one. penguin.co.uk/books/262/2621…
RT @njtmulder: Mazower's history of the Greek War of Independence comes out in November. Bound to be a good one. penguin.co.uk/books/262/2621…
Decoupling from China? Not in finance in 2020 and not in pharma either: Record 271 cross-border licensing partnerships were agreed btw multinational groups including Roche, Bayer, AbbVie and Pfizer and Chinese pharma companies. Why? Look at the market! ft.com/content/c2bec4… https://t.co/MObetv5UiJ
The US semiconductor industry never recovered to the peak levels it reached ahead of the dot.com bust. This is really interesting by @employamerica @IrvingSwisher employamerica.medium.com/supplying-dema… https://t.co/d1qTGYeDd7
Capacity utilization for US economy hardly supports case for inflation fear. Looks as though there is plenty of room for growth. @employamerica @IrvingSwisher employamerica.medium.com/supplying-dema… https://t.co/J6q08r3LvY
"China’s government published its latest 5-year plan on Friday. For the last four decades, every 5-year plan has included a target for the average growth rate of GDP, but the 14th five-year plan, which covers 2021-25 does not” @andrewbatson @Gavekal research.gavekal.com/article/missin… https://t.co/0qfIHZKlt0
Following the bursting of the dot.com bubble there was a 15-year plateau in US IT spending. Roots of "secular stagnation" in productivity growth. employamerica.medium.com/supplying-dema… https://t.co/JKLcCCQOT2
“I don't think of my purchase as an investment, but as a fuck you against a rigged system” @RobinWigg fascinating on the legitimacy issue of America’s financial markets. ft.com/content/a69cfd… https://t.co/gPCf9NWyAE
"yield curve control by any other name would smell as sweet.” @MESandbu discussing @fwred on options for the ECB faced with yield curve contagion. ft.com/content/f520bc… https://t.co/zbBdfBNTdW
RT @GernotWagner: And just for the record: Would a carbon tax (almost any carbon tax) be better than no carbon tax, *all else equal*? Yes…
Waiting for the green energy revolution: c. 1/2 of renewable production is STILL hydro built 1900-1975. Wind is the only thing to have significantly shifted since 2000. We need huge increase in the next few decades. thedailyshot.com/2021/03/04/hom… https://t.co/1pws99GiOx
Story so far is that electricity demand grew astonishingly for 60 years, fed from all source. Nuclear was big. Then electricity demand plateaued. Gas halved coal in a decade. In the next 25 years we need even bigger structural shift but this time to green. thedailyshot.com/2021/03/04/hom… https://t.co/5G8uxV3S2j
Might be time to think of ways in which one might source some cheap steel for the overheated US market. I mean, it might help with construction and those inflation anxieties. I wonder whether there is a fix for this … thedailyshot.com/2021/03/04/hom… https://t.co/a2ELHMhynd
Meanwhile … in the world of industrial grand strategy and geoeconomics, the question is still, where is China going to get its microchips from. thedailyshot.com/2021/03/04/hom… https://t.co/OxxaIzh0q1
Or perhaps better: “how much will buying increase at marginally higher rates?” twitter.com/adam_tooze/sta…
Australia’s export surplus hit record levels driven by iron ore and LNG exports. thedailyshot.com/2021/03/04/hom… https://t.co/grCPciNx01
Prices for oriented strand board – that ugly “fake" wood stuff – have doubled. thedailyshot.com/2021/03/04/hom… https://t.co/AXjCnqCEL2
Before envelopes, sensitive message were “letter locked” by clever folding and wax sealing. Fascinating! economist.com/science-and-te… https://t.co/EoLt4x64zY
The 5-year breakeven rate (market-based inflation expectations) hit the highest level in over a decade. And that … in my book at least … is no bad thing! thedailyshot.com/2021/03/04/hom… https://t.co/BZxLr5L3gJ
Even when the Biden $1.9trn Rescue Act was correctly identified as a Democratic Party plan a majority of Republicans supported it! @MorningConsult thedailyshot.com/2021/03/04/hom… https://t.co/1aagbFJiE1
Who will absorb the new issuance of US Treasuries expected in 2021? Its the trillion dollar question. thedailyshot.com/2021/03/04/hom… https://t.co/RRknaAWAwt
Unauthorized immigrant population in the US from Mexico is down by 2 million since 2007. thedailyshot.com/2021/03/05/pow… https://t.co/Hm3q1R7VrD
Crisis of American Democracy? Sure. But you have to weigh Biden’s Rescue Package in the balance. Democracy is also measured by what it delivers and to whom. A point Europe far too often ignores. foreignpolicy.com/2021/03/05/bid… https://t.co/w8qFbgUay1
RT @Shahinvallee: Édito très faible de @lemondefr sur le plan de relance Américain qui ne présente même pas les arguments en sa faveur et q…
RT @dgapev: The US recovery package promises to widen the #fiscal divide between 🇪🇺 & 🇺🇸. To avoid this, the #BTW21 should spark an honest…
RT @meadwaj: This should be taken as setting the bar. IPPR offered a similar scale proposal for the UK – £190bn, or about 8.6% of GDP (comp…
When the Remagen bridge went down, 300 Allied engineers were working on it, “many were killed or seriously injured”. twitter.com/WWIIpix/status…
RT @tarawestover: @adam_tooze He was a very special person. I owe him everything, and so do many others.
RT @sovietvisuals: "Always on guard for our homeland!" Soviet poster, 1973 https://t.co/uotp3NcWW2
RT @heimbergecon: That the new Italian government is hiring the consulting firm McKinsey to create Italy's recovery plan is a new low. Incr…
RT @DominiqueReill: I love the world today: “It takes a brave historian to start a book with an account of the kind of food their subjects…
RT @fguridy: McCoy Tyner doing his thing on "Naima", one of the great tunes played by Coltrane's Quartet twitter.com/dusttodigital/…
Is there any country in the world that saw a larger cut in interest rates than Ukraine in 2020? thedailyshot.com/2021/03/05/pow… https://t.co/TSDZv9EwSg
The number of operating nuclear reactors globally stood at 408 as of July 1, 2020, down from 437 just after the Fukushima meltdowns. 50 new reactors under construction, 16 of them in China. wsj.com/articles/nucle… https://t.co/z5zR70BgRI
Amidst all the politics around big stimulus bills it is worth remembering that almost 70% of US Fed government spending is non discretionary. @bcaresearch via @SoberLook https://t.co/jel4lUOawA
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