@gchelwa Fair point but @TheEconomist is explicit about that in its discussion of the data and, as frustrating as it may be, it does not seem like an unfair description of economics as a discipline. Or is that a misperception?
Given the fossil fuel-reliance of S Korea and Japan their new commitments to net zero by 2050 are going to be a heavy lift! @FinancialTimes via @SoberLook https://t.co/Lbyl4qR8wd
There is no question that Chinese Communist Party is extending its reach into domain of private business. But what is the underlying logic and what does it betoken for China’s future. An attempt to map the debate in Chartbook Newsletter #9 Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/WzE7iRX42w
What does "rule of law” mean in Xi’s China? One of key issues underpinning rival view of state capitalism that underpin reporting by @WSJ @TheEconomist @NikkeiAsia123 Chartbook Newsletter #9 maps the debate. Sign Up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/U64CeMZdTV
Recovery in consumption in the US seems to have translated into a surge in imports from China. Unlike trade with the EU. @WSJ via @SoberLook https://t.co/uU4xMgKWmf
RT @DuncanWeldon: Substacks that I actually open and read rather than wearily moving into the folder of good but unfulfilled intentions.…
Nearly 400 of the 3,900 companies listed on stock exchanges in mainland China paid homage to the Communist Party and Xi Jinping thought in their annual reports in 2020 up from nothing in 2016. economist.com/briefing/2020/… https://t.co/YJDiREDr77
RT @heimbergecon: To those who push the wrong claim that Italy has been living beyond its means, running "profligate" fiscal policies: Ital…
RT @JeremyCliffe: Told that the British press is blaming her for the lack of progress in EU-UK negotiations, Merkel replies: "Ah, that's go…
"Xi’s preoccupation has always been maintaining China’s social and financial stability. Keeping big business in check is part of that plan. It should come as no surprise that the state is now homing in on tech." economist.com/business/2020/… https://t.co/00tPaR2GWK
RT @JeremyCliffe: It's really not well grasped in London how little time the rest of the EU has for its amateur dramatics. Far more impor…
RT @rayabruzzi: @adam_tooze normalizing climate anomalies (in re anthropocene and history). About 5-8 years before people accept “hottest y…
RT @menakadoshi: @adam_tooze Excellent summary which may seem perplexing from the pov of western constructs but is probably history of its…
Almost half of American small businesses regard government aid as critical to their survival. @Alignable via @SoberLook https://t.co/fGA9A17v1I
RT @robertdolci: Consiglio Chartbook Newsletter #9 di @adam_tooze per una riflessione sull'agilita' dell'economia pianificata https://t.co…
RT @michaelxpettis: 1/4 Very good summary by @adam_tooze of the state of the debate on the role of the state sector in the Chinese economy…
"only 37% of Mexicans over 15 years old have a bank account, according to @WorldBank. 20% of lowest income. Some 86% of all payments in Mexico are in cash.” v. Kenya/India where 80% have access to some kind of banking at far lower per cap income. economist.com/finance-and-ec… https://t.co/mZApemwA3B
If we assume there isn’t going to be a Tesla for airliners -> finding zero carbon solution is down to Airbus or Boeing. US is nowhere -> ZEROE: Airbus plan to develop hydrogen-powered zero-emission commercial aircraft by 2035 may be crucial. airbus.com/innovation/zer… https://t.co/XKdeYMb0pc
Loved it so much @nils_gilman I made it the banner of the new Chartbook Newsletter #9 on reading China’s State capitalism. Sign up here: adamtooze.substack.com/p/chartbook-ne… Great illustration Great article by @jamescrabtree https://t.co/wt9Ylcoj0o
US barometer of small business sentiment has a huge political bias. Surged in November 2016 and slumped four years later. thedailyshot.com/2020/12/09/chi… https://t.co/7bwK3fYGZw
How to read China’s state capitalism? Interesting split developing btw @WSJ @Lingling_Weion one side and @TheEconomist on the other. Subject of new Chartbook Newsletter #9 Adds political economy to the data from Newsletter #8 Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/4t645SHUEP
Russia’s unwillingness to prop up oil prices -> price massacre of March/April. Now UAE does not want to accept OPEC restraint either. OPEC loosening the reins. Is this the beginning of the oil endgame? If so, very BAD news for America’s frackers! economist.com/finance-and-ec… https://t.co/6i7jlnef38
Is there a big productivity surge just over the horizon. If you believe what firms tell the @wef perhaps! Add adequate aggregate demand and gov spending on broadband and education and …. @TheEconomist in optimistic mood here! economist.com/finance-and-ec… https://t.co/ZYrxucuwL7
NEW: Chartbook Newsletter #9 Reading China’s State Capitalism A follow up to #8 Featuring work by @Jonthn_Wheatley @JKynge @jamescrabtree @Lingling_Wei @michaelxpettis @TheEconomist @DSORennie @domziegler @jarmiles @s1moncox Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/Vzc9GAGIfd
Which countries have been more, and which less studied by economists over last thirty years? East Africa heavily overrepresented! Kenya, in particular. economist.com/graphic-detail… https://t.co/uVj0NkvKWY
Striking that London no longer in the top ten most expensive cities in the world! @TheEconomist via @SoberLook https://t.co/r2gokegXxS
Labour productivity growth: "It’s not everything, but in the long run it’s almost everything.” Paul Krugman. Since 1980 the advanced economies have been on a downward trend. Is there any prospect of reversing it? economist.com/finance-and-ec… https://t.co/PdsQdOd405
A second Russian pipe laying ship has arrived in Baltic to resume work on Nord Stream 2 pipeline stalled by US sanctions. offshore-energy.biz/second-russian… https://t.co/uxvlc9cA0M
ECB has given itself permission to depart from “capital key” that governs balance of its bond purchases. But it has done so only very slightly in favor of Italy and Spain. Nevertheless, the impact of ECB support on Italy’s bond yields has been dramatic. thedailyshot.com/2020/12/11/tig… https://t.co/PSoZpptMoK
Japanese shipowner Mitsui O.S.K. Lines has reached a coal transport deal with Tohoku Electric Power, using a coal carrier equipped with a hard sail wind power propulsion system, also known as the Wind Challenger to ship Australian coal. Kinda perverse! offshore-energy.biz/mol-secures-tr… https://t.co/wnhSMSvLN9
The financial pressure on Brazil for much of 2020 centered on the abrupt and savage devaluation of the real. It has stabilized and is recovering some ground. @SoberLook thedailyshot.com/2020/12/11/tig… https://t.co/Zmf6iMJE0T
Is Xi’s new emphasis on rule of law merely a gloss on his personal power as this piece in @NikkeiAsia123 suggests? asia.nikkei.com/Editor-s-Picks… Or as @TheEconomist argues, is it a recognition of need to use courts to govern complexity in predictable fashion? economist.com/briefing/2020/… https://t.co/WZwCfhtnLO
When containers fall … a LOT of containers! twitter.com/gCaptain/statu…
RT @TheDreadShips: Theory checks out… twitter.com/JMNurick/statu… https://t.co/N2Z2se24jc
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