ADAM TOOZE

@CalibreObscura These prices are so fascinating. For context what is a laborer’s daily wage in this region? Or, perhaps more relevantly, what does a Toyota pickup cost? Or a laptop? Is $3600 a substantial investment?

A no doubt unfriendly Indian source alleging Pakistan’s ISI is running meth out of Gwadar port, a key node in BRI … twitter.com/JasonEligh/sta…

Mexcio’s growth has been disappointing for much of the last decade. But it ground to a halt already in 2019. @jude_webber deciphers riddles of Lopez Obrador’s austere populism. ft.com/content/2bb141… https://t.co/IPQBvFcKSq

“We think they could have done more — Mexico has access to credit, cost of financing is at historically low levels.” Mexico faces “an enormous growth challenge in the medium term” @IMFNews lecturing left-wing Mexican gov on need to increase spending! ft.com/content/2bb141… https://t.co/hkUWMvTuWp

RT @ham_drawing: drawing, Joseph Mallord William Turner, 19th century harvardartmuseums.org/collections/ob… #harvardartmuseums #josephmallordwilliamturne…

RT @drlouiseivers: On the US strategy: we should end each day with no covid19 vaccines in the freezer. Every day with a shot in the freezer…

RT @jude_webber: This graph from Moody's illustrates the point – Mexico's fiscal stimulus is only marginally higher than that offered by Ug…

“By not spending much on pandemic relief measures, Mexico will be very close to running primary surpluses in 2020 and 2021.” @jude_webber on one of the real riddles of 2020: AMLO government’s pro-cyclical, left-wing austerity ft.com/content/2bb141… https://t.co/wFNMkU8Ewe

Faced with 2020 shock key questions for Biden admin: 1. How do you ensure rapid and complete return to trend? 2. How do you ensure this actually benefits majority of Americans? 3. How do you use it to accelerate energy transition? wsj.com/articles/first… https://t.co/6nKo4TzCDm

"In 1980 total debt was 142 % of US GDP. In 2019 it was 254%. At same time investment as share of GDP FELL from 24 to 21 %. Lets stop telling ourselves silly stories about what debt is for!" @AtifRMian oecd-ilibrary.org/sites/d45f979e… https://t.co/cXfjiDny3v

“Inflation trade” There's an index for stocks that do better in a more inflationary environment. Look what happened on the news from the Georgia Senate races. @SoberLook thedailyshot.com/2021/01/07/pol… https://t.co/TXXt9wvKyE

“There is a risk that the automotive industry’s business model could collapse,” Toyoda of Toyota wants more than phrases from Tokyo on its energy transition plans. @KanaInagaki ft.com/content/0a5cb2… https://t.co/ao57mVB6WK

"In the last 40 years, a college degree has become the “big dividing line” in US society, as wages for college graduates have increased at a much faster rate than high school graduates.” @PIIE Also crucial in voting patterns! piie.com/microsites/how… https://t.co/I9z1zasCkx

"All money that is anywhere must, of course, be somewhere. But it is important to remember too that the economic system consists of not one, but two separate monetary circuits: a financial one and a real economy one.” Howell of @crossbordercap ft.com/content/4429c2… https://t.co/OXUXlDO8W2

How many billions in Chinese stock will BlackRock and Vanguard have to offload from passively-managed ETFs as result of last-minute Trump sanctions v. China. Very NEW Cold War. ft.com/content/f68aed… https://t.co/mnfXoVlkpf

Contrary to @OECDeconomy data which suggest that huge post-tax inequality in US is down to tax/welfare system, data by @WIL_inequality @PikettyLeMonde et al suggest welfare/tax system in US is similar to that in France. Huge pretax inequality is the key. wid.world/wp-content/upl… https://t.co/liVz8fNhwy

For Europe the question of who succeeds Merkel is more important than who sits in the White House. Currently, CDU voters HUGELY favor Söder of Bavaria who seems more from the Schröder than the Merkel mould. spiegel.de/politik/auslan… https://t.co/bpdYBsAvSS

Climate litigation keeps piling up and firms like Shell are beginning to feel the heat! ft.com/content/fd42e2… https://t.co/aytVNwbMB3

Can Europe avoid a double-dip recession? Not looking good for Q1 2021. bloomberg.com/news/articles/… https://t.co/JfHiZ7zAqC

"Reichstag fire" moment? I’ll raise you the 1934 clashes in Paris btw right-wing leagues and police. The exchanges btw @paulmasonnews @alex_callinicos have been a bit of a feast these last few days. twitter.com/alex_callinico…

"Lets have him speak at the Alamo … about the wall … it will be great … What …? You mean there are two Alamos?!&*()*)” Oh no. Not another Four Seasons moment. twitter.com/josh_wingrove/…

Erdogan’s strong men: Hulusi Akar, left, Turkey’s defence minister, and the country’s intelligence chief Hakan Fidan, have displaced Turkish foreign office and diplomats in crafting Turkey’s fp. @laurapitel ft.com/content/8052b8… https://t.co/sQtCslf2Xw

Does anyone know anything good to read on America’s 2018 BUILD Act and the U.S. International Development Finance Corporation. A response to BRI. But I want to know more. csis.org/analysis/build… https://t.co/5VOgbmTqvQ

RT @tashecon: So strong Em feel at the Yellen Treasury with a Turkish and Nigerian flavour. twitter.com/benjaminharvey…

This is a very interesting thread on the political microclimates that sustain the 139 Republicans who sought to overturn the Biden/Harris victory. twitter.com/jacob_whiton/s…

RT @jacob_whiton: 5b) For instance, objector Steven Palazzo of MS-4 was elected in 2018 with 68% of the vote. Turnout in his district was 3…

RT @jacob_whiton: 5a) In 2018, average voter turnout was lowest among objectors' districts at less than 50%. Pro-Trump Republicans' embrace…

RT @jacob_whiton: 4) Republican objectors are significantly more likely to represent evangelical protestants and local economies dependent…

This thread on national and sub-national “performance” of EU members in vaccine rollout by @jfkirkegaard is devastating. "At national level Germany its ahead only of Calabria in Italy”. twitter.com/jfkirkegaard/s…

Chinese payments for US IP quadruple between 2007 and 2019. But in recent years its payments to the ROW surged even more. bloomberg.com/news/articles/… https://t.co/N8TunxqCAF

If these numbers are right, then the EU’s pre-orders for AstraZeneca, BioNTech and Moderna vaccines are near identical (per capita) to those of UK, Australia and Japan. Time to take a chill pill? Are there accounting issues? ft.com/content/fd42e2… https://t.co/uv5AizDCwU

Rather than thinking of Mexico’s Lopez Obrador gov as cook-cutter new Keynesian fiscal regime, perhaps it is more pre-Keynesian a la Snowden/Hilferding in its abhorrence of debt/bail-outs etc. ft.com/content/2bb141… https://t.co/S1bqTOJAQ2

Erdogan has expanded Turkey’s diplomatic footprint particularly in Africa and Asia, whilst also made a lot of enemies! @laurapitel ft.com/content/8052b8… https://t.co/59Dlp1nAKE

China Breaks Decades of Climate Gridlock By overturning the principle that the West must decarbonize before developing countries, Beijing has opened the way for real action. foreignpolicy.com/2021/01/11/chi… https://t.co/47yG0cFImN

RT @SamRamani2: Interesting map of #China's port investments in #Africa. Thanks @Ozkok_A for sharing this. https://t.co/UcgLfh5FIl

RT @jottle: @maxberger @sahilkapur @chrislhayes It’s alarming for sure, but the full picture isn’t *quite* as grim when you consider only 2…