December 28, 2020
In 2000 China accounted for less than 15% of global iron ore imports. Today its share is 70%! @bcaresearch via @SoberLook https://t.co/H0TLLCKtLu
In 2000 China accounted for less than 15% of global iron ore imports. Today its share is 70%! @bcaresearch via @SoberLook https://t.co/H0TLLCKtLu
RT @jessefelder: 'The worst case scenario would be underpinned by the idea that China’s leaders have grown frustrated with the swagger of t…
@RobinBrooksIIF @econchart Hi Robin, Im loving your 2020/end-of-decade tweets, but for this one. Its classic, early-2000s Nachhaltigkeits-discourse. Indeed I suspect you may be paraphrasing Merkel. Debt and climate sustainability are two VERY different issues. If, indeed, the former is an issue at all.
RT @CLMannEcon: High gds import-intensity folks are not savers (or spenders) now, are unemployed/cash constrained. High services-intensity…
Mexico’s Pemex with $105bn in debt is the world’s largest fallen angel. Its fate depends critically on the credit rating of the Mexican government, which could find itself under pressure. reuters.com/article/mexico… https://t.co/NbF31xzJfF
RT @RobinBrooksIIF: China is so big that it skews the global capital flows picture. If you include China in global flows to EM, there were…
As EM fx-denominated sovereign debt has doubled btw 2013 and 2020 the share of euro-denominated debt has recovered to c. 20%. @OxfordEconomics via @SoberLook https://t.co/CfJJDfT3QL
Even before corona hit, 2010-2020 had been a miserable decade for Argentina and Brazil, despite record capital flows to EM. And these are GDP not GDP per capita figures. twitter.com/RobinBrooksIIF…
The damage done by Australia’s 2019-20 wildfires was unprecedented. @VisualCap via @SoberLook https://t.co/N96QhPpe3U
Mexican government is commonly criticized for failing to do a significant fiscal stimulus in response to corona crisis. But as @RobinBrooksIIF points out, it benefited from significant spillovers from the US. twitter.com/RobinBrooksIIF…
This sectoral balance analysis for US by @RobinBrooksIIF is highly illuminating: Unlike in 2008, in 2020 there is no shock to corporate balance sheet -> fiscal boost offsets surge in household saving 1-1 -> current account remains in a steady deficit v. halving in 2008. twitter.com/RobinBrooksIIF…
RT @ojblanchard1: This thread seems very important (conditional on the new virus strain being 60% more infectious, for which, as I understa…
RT @tomaspueyo: The new virus strain is ~60% more infectious. We haven’t processed what that means.🧵 1. Western countries that didn’t stop…
The REACT-EU package will come into effect in 2021 giving support to EU periphery. @Barclays via @SoberLook BUT national corona measures will roll off. @TS_Lombard https://t.co/ZYR6avjZJk
RT @AdamJKucharski: Why a SARS-CoV-2 variant that's 50% more transmissible would in general be a much bigger problem than a variant that's…
RT @Ole_Funke: Nachhilfe für die Hobbyhistoriker unter den Ökonomen (👋nach München): twitter.com/adam_tooze/sta…
RT @HansHuett: @TiniDo Ich hätte mich besser fürs Entsäbeln entscheiden sollen. #désabrer
Ethiopia’s external account makes for fascinating reading! Coffee, flowers, chat are main export items. Huge trade deficit covered by variety of capital inflows. @CepheusCapital cepheuscapital.com/wp-content/upl… https://t.co/x5I9mulQMR
RT @MichaelShurkin: @adam_tooze @cchukudebelu Operational in this case means deployed, usually as part of a named operation. There are far…
It is tough to be long-term unemployed in the US! Very alarming that the number of Americans unemployed for more than 27 weeks has reached 3.9 m = 2nd highest level sine 1948. washingtonpost.com/business/2020/… https://t.co/Btdd0itDDr
Spass ist nicht das passende Wort bei dem Thema, aber @nymoen_ole hat mich daran erinnert dass wir Immer wieder über die Zeit des NS nachdenken sollten, auch über die Zusammenhänge mit der Gegenwart. twitter.com/SchmittJunior/…
Of 30000 operational French troops, only 13k are stationed in France. >9k in Sub-Saharan Africa. defense.gouv.fr/operations/rub… https://t.co/lhvmC5BHNg
Interessantes Gespräch zum Dritten Reich und Wirtschaft mit @nymoen_ole Unter anderem geht es um Inflation/Deflation, Unternehmerschaft, Machtergreifung etc. twitter.com/nymoen_ole/sta…
Btw 0 and 8.5% there is a wide band of uncertainty around estimates for Ethiopia’s GDP growth in 2020-21. @CepheusCapital plumps for 4%. cepheuscapital.com/wp-content/upl… https://t.co/bMKLR6jEX7
Ecuador Ethiopia Kenya Zambia Angola (Pakistan) Look like some of countries most vulnerable to a retraction of Chinese external finance. If that is, indeed, what is happening. Interesting report by @Allianz allianz.com/content/dam/on… https://t.co/2dGgaP289t
@GradEnviro @CepheusCapital Really? That is very interesting. Anything I can read?
Hybrid modernity: A man stands next to a horsecart laden with oil drums on a street in Lahore Pakistan on September 27, 2020. Photo: AFP/Arif Ali asiatimes.com/2020/12/anothe… https://t.co/7teJgPR4vV
As far as I can tell, this is Goetz Aly being interviewed by Alexander Kluge … which should make for a VERY interesting combination! Whatever my other differences with Aly, Vordenker Der Venichtung is a BRILLIANT and irreplaceable book. H/t @OberstWKlink twitter.com/OberstWKlink/s…
RT @mk_arnold: Ein sehr hörenswertes Interview mit dem Historiker @adam_tooze über die ökonomischen Hintergründe des Aufstiegs und der Herr…
Thankfully, the impact of the Locust plague on Ethiopian agriculture appears to have been relatively contained. @CepheusCapital cepheuscapital.com/wp-content/upl… https://t.co/W9XdfEGjDR
RT @marcmakingsense: @adam_tooze @michaelxpettis @M_C_Klein @BrankoMilan marctomarket.com/2020/12/of-tra…
The Beijing-financed China-Pakistan Economic Corridor (CPEC), a US$60 bn infrastructure building plan replete with railways, roads, ports and special economic zones is in trouble. What will be Beijing’s next move? fascinating by @faq1955 @asiatimesonline asiatimes.com/2020/12/china-… https://t.co/ARjhSvUIIh
@tedfertik @BuddyYakov @tragicbios @MaxJerneck @bucephalus424 which is FAR more than one can say for Keynes. And I’ve always thought that his reading of Marx helps us understand Schumpeter’s emergence as a precocious and underrated macroeconomist.
RT @ThomasGomart: @adam_tooze @e_sarotte Right, and very well analysed by Frédéric Bozo, "#Mitterrand, la fin de la guerre froide et l'unif…
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