Beijing has prioritized reducing regional disparities that peaked in early 2000s. It did so through huge debt-fueled investment boom. Will disparities return if it backs away from this growth model? Asks latest @WorldBank report on China. pubdocs.worldbank.org/en/26442160862… https://t.co/Fgwl5hRDnt
The US Treasury is expecting a giant issuance (net of Fed purchases) of $1.8 trn in bonds next year. Will there be a “demand gap” that pushes up yields? @colbyLsmith ft.com/content/5da13b… https://t.co/wWUAivvL1b
12 months ago, amidst Trump’s Phase 1 celebrations, EU & China set this week as deadline to complete their own investment treaty. With Biden incoming, both EU and China seem determined to get the deal done. ft.com/content/6a4294… https://t.co/82t2A0gSU4
@Dassanowsky @DominiqueReill Hi D, I didn’t know. The rise of historicism is right up my street. :)A
RT @nils_gilman: “Solving financial crimes is not a cat-and-mouse game between cunning investigators and slippery con artists. Most of the…
Not so sudden stop: Btw mid 1990s and 2008 foreign share of US treasuries increased to 55%. It then reversed. Now 35 %. lowest in nearly 20 years. Will Japanese buyers return in 2021 under pressure of negative rates at home? Great read by @colbyLsmith ft.com/content/5da13b… https://t.co/sQiRXci6dB
Interestingly the weights are, as far as I can tell, in pounds not kgs. And the standard of “healthy weight” is demanding, to say the least. twitter.com/GermanAtPompey…
90% of world’s shipping is made in shipyards in China, Japan and S Korea 90 % of ship breaking and recycling is done in India and Bangladesh. # in this chart do not add up! @UNCTAD unctad.org/system/files/o… https://t.co/z47DfOGLhv
“The market for rates is a global market. People think US is the central market, but look around and it’s on the fringes. It’s a low rate world, and Treasury yields already look too high.” Discuss this view of global interest rate prospects. 🙂 @TomStub ft.com/content/831221… https://t.co/uyga9e03t8
Uncoupling? Since 2015, 236 regional headquarters of multinational companies and 85 foreign research and development centers have landed in Shanghai. Shanghai absorbed more than USD92 billion of foreign capital investment. yicaiglobal.com/news/shanghai-… https://t.co/YkfP3OA7kY
RT @NHendersonWSJ: Four new voters will join the Federal Reserve’s rate-setting panel in 2021, including chiefs of Atlanta, Chicago, Richmo…
92 % of world’s shipping in 2019 was built in the dockyards of only three countries – China, S Korea and Japan! @UNCTAD unctad.org/system/files/o… https://t.co/2nxVYvPMHV
About that IP business in China: "The head of Chinese toy brand Lepin has been sentenced to six years in prison and fined CNY90 million (USD13.8 million) for counterfeiting Lego products.” yicaiglobal.com/news/chinese-t… https://t.co/5yh6LO9FrX
Red armored train Volga (1919) in the Russian Civil War came complete with a balloon winch operated from an automobile carried on board. weaponsandwarfare.com/2016/08/24/arm… https://t.co/XLfB4SyRam
Newsflash: China has completed allocation plan for its carbon trading system (ETS) an idea first mooted in 2011. Spoiler: it is a soft start. H/t @StianReklev twitter.com/StianReklev/st…
42% of the world’s shipping is registered in Panama, Marshall Islands, Liberia and Bahamas. @UNCTAD unctad.org/system/files/o… https://t.co/vkEllOokra
RT @Samantharhill: Hannah Arendt reminding herself to order champagne for New Year's Eve, and me reminding you. https://t.co/5cHiQLDPut
Did poverty end in China in 2020? As claimed by Xi on 4 Dec, extreme poverty at $1.70 per day level may have. But applying a $5.50 per day standard, @WorldBank fears an increase to 17-18% due to impact of corona on migrant workers. pubdocs.worldbank.org/en/26442160862… https://t.co/F7O8VrODE4
@SonyKapoor @BertrandBadre @StephanieKelton @KateRaworth @tomburgis @MazzucatoM @stianwestlake @smekhennet @rcbregman @PikettyLeMonde @sovereignfund @JeanTirole @nntaleb @Yascha_Mounk @CottarelliCPI @jareddiamond @OlaRosling @RayDalio Thank you Sony!
RT @ErikFossing: Great reminder: Italy’s key problem is NOT public debt, and definitely not fiscal balances – but fiscal composition is an…
The “pacification” of the US auto industry – as compared to the rest of the automobile producing world – was one of the striking processes of the 1940s and the age of the “great compression”. Nice thread this by @istuetzle twitter.com/istuetzle/stat…
RT @istuetzle: Aus: Beverly J. Silver – Forces of Labor https://t.co/4YwbgMGzVD
The ebb and flow of US labour militancy 1914-1936 is key backdrop to political economy of the period. twitter.com/istuetzle/stat…
RT @MikaelThalen: Boston Dynamics has released yet another video of its robots dancing that is equal parts impressive, creepy, and cringe h…
The fx debt redemption burdens for Mongolia, Sri Lanka, Zambia, Cote d’Ivoire, Senegal and Benin really stand out in this @IMFNews analysis from early 2020! imf.org/en/Publication… https://t.co/g8oT74ca1F
We Had the Vaccine the Whole Time We Had the Vaccine the Whole Time Love this piece by @dwallacewells in @intelligencer nymag.com/intelligencer/… https://t.co/k350LReoJd
A really welcome upbeat take on the scientific response to the corona pandemic by @iansample NB: Uk-centric and it is a science-eye view rather than political economy, geopolitics etc But it cheered me up! theguardian.com/world/2020/dec… https://t.co/weZl8QMXgO
@jcasal_wb Hi Julian, data in graph on IMF website so I assume they are a half-decent. @KevinAtSave may know more.
RT @abido: @adam_tooze This scale maxes at 15. For @LahoreSmog we found the satellite derived NOx emissions closer to 40 during lockdown. @…
RT @yarbatman: @adam_tooze Tehran, Milan, and Los Angeles have similar issues — lots of road traffic and pollution gets trapped by mountai…
Level of Paris Club lending to DSSI-eligible low income countries is so low, that comparison to EM-lenders bamboozles even @eurodad Units in Table 4 of their shadow report on DSSI clearly wrong. m not bn -> India has more loans outstanding than USA! eurodad.org/g20_dssi_shado… https://t.co/9NIrNjBiIw
How the corona shutdown affected air quality in some of the most polluted cities in the world. I am particularly surprised by the image for Milan. I didnt realize the air quality in Lombardy was this bad. Can it really be worse than Delhi? Scale issues? ft.com/content/4b8295… https://t.co/R7dSy5qB4A
My friend and colleague Vicky de Grazia’s beloved dog was taken from outside a grocery store on the UWS yesterday. Posting this here is the longest of long shots. But we have to do everything we can, to get Luca back home. https://t.co/NwFOje5jbJ
More than 11m people under 40 in the US lost their jobs in spring alone. More than a quarter of those under the age of 25 lost their jobs in three months! ft.com/content/4b8295… https://t.co/Bn4mUbl01D
Surely the US economy chart of the year: new claims for unemployment insurance. A data series starting in 1967 with a previous peak of 695,000 in 1982 suddenly hit 3.3m — and then 6.9m and 6.6m in the following two weeks. Months later it remains elevated. ft.com/content/4b8295… https://t.co/6CjzZEUwAR
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