ADAM TOOZE

Developing and purchasing modern military aircraft is just the beginning of the bills. Operating and maintaining them is outlandishly expensive. @StatistaCharts via @SoberLook https://t.co/1oEX7ssIrR

With the damage to the EU economies from the latest shutdowns, the latest update of @GoldmanSachs global GDP tracker took a turn for the worse in December. Via @SoberLook https://t.co/ZdRkz6M3oJ

RT @laurimyllyvirta: I'm working to compile a plant-level emission inventory for air pollutants from coal-fired power plants in Russia, as…

The Debt Service Suspension Initiative is a sticking plaster on a gaping wound. Official bilateral debt service temporarily suspended (red). No buy-in from private creditors (green and yellow). China (pink) uncertain. @KevinAtSave imf.org/external/pubs/… https://t.co/rPRcjIhMQl

At 25%, the major Western central banks own a five-times larger share of a much larger stock of public debt than they did 15 years ago. @NatixisIM via @SoberLook https://t.co/Z1XfE6cPAF

RT @JoMicheII: Right, let’s do this. Joan Robinson on investment and saving in 10 tweets or less. 1/ https://t.co/Nv07oifWnh

RT @AaronBastani: The first ever human genome was sequenced between 1990 and 2003 at a cost of billions of dollars. Today that same procedu…

Looking back on 2020, the Debt Service Suspension Initiative is the only coordinated debt-relief effort for LIC that the G20 managed this year. It is a debt suspension. Not restructuring and touches c. 14% of debt service payments due! @KevinAtSave imf.org/external/pubs/… https://t.co/Itc81Y18Hc

RT @ianduhig: "New Year is nothing more than the continuation of Xmas festivities by other means." — Santaclausewitz

America’s big tech companies own a considerable amount of Treasuries. @DeutscheBank via @SoberLook https://t.co/BohYg09nnt

Of the 73 low-income countries covered by the DSSI, 43 are scheduled to spend more on debt repayments in 2020 than on the health of their citizens. NB: it is a debt suspension NOT restructuring. imf.org/external/pubs/… https://t.co/zqvpaSsyEE

China’s debt run up suggests the relative modesty of the fiscal effort. A surge of 3.5 trn yuan 2020 v. 2019. NB: Does not account for credit impulse from para-state banks. @Gavekal via @SoberLook https://t.co/EhakLHjJhG

The Swiss central bank, which one might expect to be a bastion of monetary conservatism owns equities and ETF to thee tune of 25% of gdp. thedailyshot.com/2020/12/23/us-… https://t.co/svWLrAvE0F

@Jo_Barnes It may help that the drums are empty.

@PRoufos Hi Pavlos all power to you. Find a way to love, or at least to romanticize it. Love your “inner stakhanovite”. Above all Dont fight him …. 🙂 looks like you’ve got a good vibe going.

@Luis5Henrique @UNCTAD This is ownership not registration. @UNCTAD has separate data for registration in which Panama is huge.

RT @alfredo_cunha: @adam_tooze Absolutely, but the aggregate number doesn't tell us the whole story. Sao Paulo, Rio de Janeiro, and Brasil…

HI Uli Hi Robin … pinwheel …. Thinking of how best to reply to both of you 🙂 twitter.com/UliVolz/status…

RT @AlanSmithee1987: @adam_tooze @daily_barbarian In this sense, the functional equivalent of Metropolis is, I'm afraid, Nolan's Batman ^^

RT @AlanSmithee1987: @adam_tooze @daily_barbarian Pace Kracauer, Metropolis is symptomatic of Germany's failed revolution, it's about the l…

RT @vsiv: The Energy Act of 2020 is now law! And it's the first step toward tripling clean energy innovation funding to $25 billion by 2025…

I wonder whether there might be an analogy to the role played by Fritz Lang Metropolis (1927) and Chaplin’s Modern Times (1936) in their epoch. @daily_barbarian twitter.com/daily_barbaria…

RT @wang_seaver: …and of the top twenty, fifteen are ports in East or Southeast Asia. Also note that Shenzhen and Hong Kong basically to…

RT @PaulHRosenberg: Though, if LA & Long Beach were a single port, they'd make the top 10. twitter.com/adam_tooze/sta…

16.4, 16.3, 16.0: According to the latest ICP project data from the @WorldBank those were the global GDP shares of China, the US and EU in PPP terms in 2017. ec.europa.eu/eurostat/docum… https://t.co/b6WwrIRvFr

If the fiscal crisis in US states is turning out less bad on the income side than previously expected, this has to do with K-shaped recovery that is hurting high-income tax payers least. @emilymbadger nytimes.com/2020/12/18/ups… https://t.co/0tJHWSpzzN

RT @just_KarlJ: Great listening to Jan Hatzius and his wise views! His suggestions are always valid! Godley’s sectoral balance approach | (…

RT @JMilla43874993: For those wondering how is Switzerland on the list. It is home to MSC, the world's second-largest shipping line in ter…

RT @e_sarotte: @adam_tooze Thanks! See also the English translation of Bozo… berghahnbooks.com/title/bozomitt…

Less stimulus than security checks: What Americans planned to do with stimulus checks. 50-55% used them to pay off debts/save. Crucial for well-being & sense of security. Not most potent way to fix crisis (vaccine) or create jobs (local gov) @morganstanley via @SoberLook a https://t.co/9tk0GOMTsG

Of the ten largest container ports worldwide, only Rotterdam is not in Asia. @UNCTAD unctad.org/system/files/o… https://t.co/9E2vlLcQUX

The global shipping and passenger fleet is worth c. $950 bn Half of it is owned by Greece, Japan, China, US, Norway. according to @UNCTAD unctad.org/system/files/o… https://t.co/invVeMBKcy

Asian ports accounts for just short of 2/3 of global container traffic throughput. @UNCTAD unctad.org/system/files/o… https://t.co/55oIxh4LlT

RT @Antcon7062: Son just asked me there about machines invented in Ireland. Behold The humble syringe. Hope of the world in the coming mont…

The US Federal Reserve owns 60% of inflation-protected TIPS market. @Quillintel via @SoberLook thedailyshot.com/2020/12/22/the… https://t.co/r7SDyV4Fv5

Faced with surging iron ore prices, leading iron ore miners are planning to significantly expand investment in new capacity. @bcaresearch via @SoberLook https://t.co/JqrGiUMfCo