March 3, 2021
Spain’s unemployment accounted for by far the largest share of unemployment during Eurozone crisis. In 2021 it is surging once again. ft.com/content/ce159e… https://t.co/L5bMdB22Q8
Spain’s unemployment accounted for by far the largest share of unemployment during Eurozone crisis. In 2021 it is surging once again. ft.com/content/ce159e… https://t.co/L5bMdB22Q8
Europe’s welfare states are unique in the world. THE major knock on social Europe are the high rates of unemployment -> at social summit on Thursday EU will set goal for 78% employment for adults aged 20-64. ft.com/content/ce159e… https://t.co/Ycg0wxc8sr
"We need to be open to innovation” Sensibly open-minded speech by Anna Breman of the @riksbanken on options for central banks in wake of cover. riksbank.se/globalassets/m… https://t.co/gix8SpUjre
As Lebanon’s currency plunges in value World Bank estimates that 45 per cent of the population are now living under the poverty line. @ChloeNCornish @eva_szalay ft.com/content/811bc4… https://t.co/E4se89iX8f
Pandemics and the paradox of human progress The more we destabilise the planet in the name of advancement, the more pathogens will emerge BIG YES to @davidpilling latest column! ft.com/content/691662… https://t.co/KNoKRvloVq
Verfassungsschutz in Germany, the domestic security service, has designated the AfD, the largest opposition party in the Bundestag, as a suspected extreme rightwing party that it will place under surveillance. ft.com/content/bcb90a… https://t.co/ooYBcnbott
Last week the US Treasury market again revealed some weakness. Primary dealers were forced to absorb 40% of Thursday auction. @colbyLsmith @RobinWigg @EricGPlatt ft.com/content/1deec2… https://t.co/5Q8opDFHDI
RT @yayitsrob: Fantastic @adam_tooze newsletter on a question I had been wondering: What are bond vigilantes… and do they actually exist in…
Turnover as % of total outstanding is tiny for gold in comparison to Bitcoin. Central banks hold large % of gold. Bitcoin volumes have exploded due to emergence of hf traders, a booming derivatives market, & surge of new coins that trade against Bitcoin. bridgewater.com/research-and-i… https://t.co/557LQjgNON
RT @henryfarrell: 1. amzn.to/2MILMpM Today's the launch date for The Uses And Abuses of Weaponized Interdependence, which @dandrezn…
RT @henryfarrell: @jordan_koss @KoriSchake @dandrezner @ANewman_forward @dimmerwahr @andrewbatson Indeed there is a lot of shared DNA – als…
Gold stock increases by c. 1.5% per annum. Bitcoin? Not so much! It is programmed to never quite reach the total issuance of 21 million coins. bridgewater.com/research-and-i… https://t.co/tJ5Y9KH28I
Australian and Chinese trade interdependence cuts both ways. Spectacularly China relies for 60% of its iron ore imports on Australia. wsj.com/articles/squee… https://t.co/xSALhdpu7q
Australia’s leading exports are hugely exposed to China but ag exporters at least are finding ways around their dependency. Hardly like to work for iron ore! @rhiannonhoyle wsj.com/articles/squee… https://t.co/gThVu99QG3
Thanks to the current market rally, bitcoin are currently valued at just under 4.5% of the value of mined stock of gold. bridgewater.com/research-and-i… https://t.co/OmWGSjAz8Z
Foreign purchases of UK businesses have popped post-Brexit. @alanbeattie Will it last? Or is this a case of pent-up-demand triggered once the deal was done? ft.com/content/020c5a… https://t.co/eSWQEzAqGy
Closing the loop: meme-driven, bitcoin trading on Robinhood surges … propelling obscene fossil fuel consumption to solve maths problems to escape the perils of fiat currency … delirious stuff. thedailyshot.com/2021/03/01/us-… https://t.co/HuhhhpwWfL
Ecuadorian gov does deal for US International Development Finance Corporation & private partners to sell oil and infrastructure assets & use proceeds to pay off debt to China. Has anyone got more details on this deal? @tedfertik ft.com/content/cc5f82… ft.com/content/affcc4… https://t.co/Gb3nAUw27c
S African budget battles seem to come down to issue of how to contain spending and force through measures to restrain public sector wage bill. New taxes off the agenda for now. Question is when and how debt/gdp will stabilize. bloomberg.com/news/articles/… https://t.co/6z2L7KrtP8
At the height of the commodity boom, Australia was a favored site for Chinese overseas investment. No longer! ft.com/content/f8e9a9… https://t.co/B3NhGAIWMW
Commodity prices may have ticked up recently, but relative to equities they are still at historic lows. One for @SoberLook ft.com/content/631df8… https://t.co/qEGwf8rqny
Australia’s central bank doubled size of regular bond purchases on Monday & bond vigilantes turned tail. Yields plunged. Grist to mill of Chartbook Newsletter 14 on the now you see them now you dont bond vigilantes. Sign up here: adamtooze.substack.com/p/chartbook-ne… ft.com/content/cfc954… https://t.co/V7ZBlEaOQC
Electricity generation is the easy bit. EV solutions are already clear. One of toughest nuts in getting a society like UK to net zero is the housing stock. Need to get from 30k to 1 m heat pumps installed per year. At 10k pounds each. ft.com/content/fdbfd5… https://t.co/UFL0Tja0aZ
The commodity super cycles of the last half century in all their glory. ft.com/content/631df8… https://t.co/PzFYgqPQPr
Getting to net zero: UK CCC estimates that annual capital spending largely by the private sector in greening the economy will peak at £50bn a year by 2030. = 1/8 of public & private investment, which is a lot but FAR from warranting world war analogies! ft.com/content/fdbfd5… https://t.co/No9BC58Xnw
RT @ArnoGottschalk: „Europa muss aufs Gaspedal treten“. Ein Warnruf von @adam_tooze @AchimTruger @carstensieling @CanselK @mischr…
"China’s top banking regulator has warned of the risk of bubbles in international markets and within the country’s own real estate sector” Has anyone of similar standing made a similar comment in the West? @TomHale_ @KangHexin ft.com/content/0c2c22… https://t.co/k6BxffnQOp
Great review by Felix Martin of The World For Sale ft.com/content/631df8… https://t.co/nNBZJhYGNB
RT @gnievchenko: Norway just put the worlds largest electric ferry ⛴ into operation. Backed by 4.3 MWh batteries this badboy can move 200 c…
RT @bermicourt: #TankTuesday #ADayWithoutATankIsADayWasted twitter.com/stevejchambers…
RT @DanielaGabor: David Ricardo when he sees Bank of England's balance sheet growth in 2020 twitter.com/simardcasanova…
RT @DavidBeckworth: It would be super useful to see Fed's purchases of TIPs by maturity as it would help clarify to what extent the 5 yr BE…
RT @DavidBeckworth: BIS says take the TIPS market prices and implied BEI with a grain of salt given Fed's outsized purchases. Interesting c…
RT @VitorVmcss: Are bond vigilantes real? The strange case of the 1994 bond market massacre. Chartbook Newsletter #14 by @adam_tooze https:…
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