Urbanization has been one of the megatrends driving China’s phenomenal economic growth. But by comparison with countries like Spain/South Korea that modernized late in 20th c it still has a way to go! For more see Chartbook Newsletter 8. Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/So62D0GIDD
The pace of China’s growth may be slowing. But as its size increase so do the absolute increments. Projected growth by 2035 = total achieved since 1980! @ANZ_Research via @SoberLook For more see Chartbook Newsletter 8 sign up here: adamtooze.substack.com https://t.co/RIiR11wZDS
ECB’s inflation forecasts have been consistently at odds with reality. The "eyelash graph" made famous by @fwred has now taken on an even weirder look! Faced with the collapse in Euro area inflation, nasty medical analogies come to mind! thedailyshot.com/2020/12/11/tig… https://t.co/4P58G8WVLp
ECB’s inflation forecasts have been consistently at odds with reality. The "eyelash graph" made famous by @fwred has now taken on an even weirder look! Faced with the collapse in Euro area inflation, nasty medical analogies come to mind! thedailyshot.com/2020/12/11/tig… https://t.co/w8iZPVH2dy
Urbanization has been one of the megatrends driving China’s phenomenal economic growth. But by comparison with countries like Spain/South Korea that modernized late in 20th c it still has a way to go! For more see Chartbook Newsletter 8. Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/b7CKvBe4Bh
The pace of China’s growth may be slowing. But as its size increase so do the absolute increments. Projected growth by 2035 = total achieved since 1980! @ANZ_Research via @SoberLook For more see Chartbook Newsletter 8 sign up here: adamtooze.substack.com https://t.co/HhDehKbOXz
China’s recovery from the shock of 2020 is more rapid than in either 2009 or 2016. @bcaresearch via @SoberLook For the background to china’s economic growth, see New Chartbook Newsletter 8 Sign up here: adamtooze.substack.com https://t.co/10kQUFFuQ4
How much new debt have European governments issued in 2020? How much has the ECB bought? @commerzbank data suggest that net new issuance paused in October and has been overtaken by cumulative ECB purchases -> now net negative for the year. Does this make sense? @SoberLook https://t.co/dDh9DBMKKO
Thanks to the decisions taken last week, the ECB’s bond buying program now stretches deep into 2022. Similar timeframe over which the EU’s Recovery program will run. @GoldmanSachs via @SoberLook https://t.co/GhnekF1zZn
Combination of Brexit and corona shocks are producing remarkable instability in UK’s balance of trade. Has there been any previous period with such wild swings? @SoberLook https://t.co/jfy7vjIKYw
Minority of American households with equity in their homes and substantial stock portfolios saw $3.8trn in wealth gains in Q3 2020. In K-shaped recovery those at other end of wealth distribution are not doing so well! Data from @SoberLook https://t.co/maowYctkqG
RT @Oliver_WOJ: A garagem do @PanzerF4ust … twitter.com/FAFBulldog/sta…
RT @70sBachchan: Rich account by professor from China's Central Party School on party repression, political oligarchy & Xi's princeling-ref…
Hedging American Decline: Ray Dalio gets attention for his outspoken views on China’s future prospects, but the position clearly runs right the way through Bridgewater firm. This interview with KAREN KARNIOL-TAMBOUR by @M_C_Klein is a trip! barrons.com/articles/the-b… https://t.co/ZuMSBNmIOr
Maurice Merleau-Ponty: The body as mediator This nice piece by Dan Nixon @the_sky_above made me think of this charming photograph aeon.co/essays/the-phe… https://t.co/D6kFHOk5Mo
“Poverty is not socialism; development is the hard truth.” Deng Xiaoping foreignaffairs.com/articles/china… https://t.co/CunfLkMG87
“Mixed-ownership reform” – @Lingling_Wei for @WSJ sees the new trend in China as being state encroachment on private sector, not the other way around -> convergence in efficiency and profit rates around SOE norms. wsj.com/articles/china… https://t.co/Ck2UzW8Lzy
"Do societies and cultures have a sell-by date? On "The Economist Asks" @Harvard evolutionary biology professor” … Ill just repeat that: "Do societies and cultures have a sell-by date? On "The Economist Asks" @Harvard evolutionary biology professor” Wtf! twitter.com/TheEconomist/s…
Protests in West Midlands England against fundamental changes to Indian farming regulation with procession consisting of a tractor, some kind of super sports car, and orange smoke grenade dangled out of window of a Range Rover! twitter.com/jassansi/statu…
It is not exactly an investment strike (check the scale on the left axis) but there has definitely been a dramatic slowing in growth rate of private investment in China. @Lingling_Wei points to a bigger Xi-driven shift towards state control. wsj.com/articles/china… https://t.co/k6ixTqJslq
The contrast btw 2 corona waves and 2 lockdowns in France suggest how targeting and measures (like masks) can improve the economy/containment trade off. @greg_ip wsj.com/articles/lockd… https://t.co/nVDG8W42Hb
"unlike during Cold War with Soviets, investors can have a stake in both sides. You can say, “I’m sure U.S. is going to come out on top no matter what, or you can say, “Why would I take that risk? I would rather be diversified.” This interview is a trip! barrons.com/articles/the-b… https://t.co/2w0zUKAKb7
Total worldwide spending on corona vaccine development/procurement. Does anyone know of a good attempt to compile spending around the world? With thanks in advance!
In 2019 33.4 m people were displaced from their homes: 2/3 due to natural disasters. 1/3 due to political conflict. Floods matched wars and civil wars. @UNOCHA @ochapolicy gho.unocha.org/global-trends/… https://t.co/Im1gQxMonq
China-Europe Trade Forum Canceled After China Sought to Bar Critics European organizers rejected China’s demands to exclude certain participants – specifically @merics_eu & @bueti – from annual dialogue between CEOs, officials and academics wsj.com/articles/china… https://t.co/PrZNZjC5TG
It could take until 2024 for US labour market to recover to the low levels of unemployment it was at in January 2020. @sffed via @SoberLook https://t.co/eewCLC4XbA
@DominiqueReill Freaky indeed. Bet you got some good shots on the Puglia though!
@DominiqueReill Im excited actually. Visit to D’Annunzio’s villa a while back was one of the trippier tourist experiences ever! What a place …
-20% GDP: 2020 macro outlook for countries with a UN Humanitarian Response plan is dire: Colombia -18% DRC -10% Iraq -22% Libya -45%! S Sudan -18% Venezuela -22% Zimbabwe -25% @WorldBank data gho.unocha.org/global-trends/… https://t.co/TftiWoHiJ2
RT @huntthesnark: @GordonJohnson19 @adam_tooze There are really two concerns expressed here, but the specific one from the headline is that…
“Some stories are just too good not to tell,” @DominiqueReill on the Fiume Crisis and Life after the Habsburg Empire reviewed by Barber in @FT CONGRATULATIONS! ft.com/content/286a66… https://t.co/r5bvJFXvUC
China state sector’s share of global GDP according to @Gavekal is almost 4.5% > than Japan. Im assuming this is not silly and they are basing this on value added/SOE share of Chinese GDP or some similar comparison. wsj.com/articles/china… https://t.co/jwKRPCWh1s
"US Treasury market is facing a train wreck” John Dizard joins call for central clearing. ft.com/content/ffb2a3… For some of the background see Chartbook Newsletters #5 and # 7 and more to come. To get the newsletter to your email, subscribe here: adamtooze.substack.com https://t.co/fewkGQLCv3
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.