December 12, 2020
Is the 2030 cut for internal combustion engine vehicles in UK killing mojo of the classic car market? twitter.com/LUDENClassics/…
Is the 2030 cut for internal combustion engine vehicles in UK killing mojo of the classic car market? twitter.com/LUDENClassics/…
Co-determination with Chinese characteristics: party cell at Baowu Steel Group, SOE that is China’s largest steel producer, held 55 meetings 2019-20, reviewed 137 proposals submitted by management, revised 16 before sending them on to Baowu’s board. wsj.com/articles/china… https://t.co/NCf0Lql6sk
"At the moment, the US Treasury dealers and market participants are like an engine-room gang in a nuclear aircraft carrier, fighting over who occupies the bridge while there’s a slow-burning fire (the pandemic) in the crew’s quarters.” John Dizard! ft.com/content/ffb2a3… https://t.co/EttaT9kA5h
Dual Circulation: Long read by @jamescrabtree for @NoemaMag is the meatiest thing I have read to date on Xi’s new vision for China noemamag.com/chinas-radical… Thought-provoking pairing with Chartbook Newsletter #8 All About China Sign up at adamtooze.substack.com https://t.co/bOzUyK9AYz
Dual Circulation: Long read by @jamescrabtree for @NoemaMag is the meatiest thing I have read to date on Xi’s new vision for China noemamag.com/chinas-radical… Thought-provoking pairing with Chartbook Newsletter #8 All About China Sign up at adamtooze.substack.com https://t.co/lIUMGe6zT5
Gotta love this illustration by Claire Wilson for @jamescrabtree excellent essay about Xi’s “dual circulation” theory in @NoemaMag is fantastic. noemamag.com/chinas-radical… https://t.co/5VHkvScITV
Views on kayfaybe v. Cosplay as descriptions for a politics/intellectual pose that engages in a willful and highly orchestrated suspension of disbelief? @Archtype https://t.co/aPkeLQgma0
"In professional wrestling, kayfabe (pronounced KAY-fayb; IPA: Template:IPA) refers to the portrayal of events within the industry as real, that is the portrayal of professional wrestling as not staged or worked.” ewrestling.fandom.com/wiki/Kayfabe https://t.co/h4BqSKadCc
Danilo Scholz (not on twitter) is laying down some amazing stuff on facebook right now. Great post on German historiography (Nolte on Nipperdey and Wehler) and Kelton, MMT and intellectual history of money. facebook.com/danilo.scholz https://t.co/WZukcsXrb7
Hunger in the United States is concentrated in the South. washingtonpost.com/graphics/2020/… https://t.co/SkQ15ZQUVi
In early November 1/4 out-of-work Americans with children at home did not have enough to eat. Fear must be that situation will further deteriorate. washingtonpost.com/graphics/2020/… https://t.co/auGljNfs02
Two best things on Chinese vaccine diplomacy I have read so far: @The_China_Road for @merics_eu merics.org/en/short-analy… And @sciencecohen in @ScienceMagazine science.sciencemag.org/content/370/65… Would love further recommendations! https://t.co/O0lXgYkjRh
This by @sciencecohen on China’s vaccine diplomacy is really excellent. H/t to @70sBachchan As ever! science.sciencemag.org/content/370/65… https://t.co/XgKRaDgk3u
Endorsement for Chartbook Newsletter #8 All about China. Cheers twitter.com/felixsalmon/st…
China’s extraordinary growth and huge concentration of wealth it has generated, make it irresistible for Western money managers even at a time of global polarization. On the tensions generated by China’s growth see New Chartbook Newsletter # 8 Adamtooze.substack.com https://t.co/MHq8i6jhzo
RT @CarrollDoherty: As House Reps increasingly line up behind TX suit, see this from mid-Nov.: at that time, 85% of Trump voters said his c…
The 2015 crisis was a huge wakeup call for Beijing in terms of managing the instability of financial capitalism. wsj.com/articles/china… On the balance btw growth, debt accumulation and economic governance see the new Chartbook newsletter #8 adamtooze.substack.com/p/chartbook-ne… https://t.co/JM7usZmucK
China Charts Chartbook Newsletter #8 On the giant growth engine that is driving so much of global economic growth and investment. The market that western asset managers salivate over. adamtooze.substack.com/p/chartbook-ne… wsj.com/articles/china… https://t.co/gcFEnU421C
Can someone please make a film about the Essex oil traders of Vega capital that dumped oil prices deep into negative territory and the Chinese punters who got killed on the other side. What an amazing story! Amazing research by Vaughan, Chellel & Bain bloomberg.com/news/features/… https://t.co/H5NXc74xr5
RT @flr_louis: Ronald Grigor Suny – Stalin – Passage to Revolution à paraître en juin @PrincetonUPress https://t.co/rg0cZ7EFqm
RT @adam_tooze: If this chart makes sense, history of AE public debt since 2008 falls into three phases: GFC -> crisis surge in debt absorb…
In the week of Dec 2-8 2020, 10 months into the corona pandemic, on average 10,615 people died per day, half of them in Europe. ft.com/content/a2901c… https://t.co/6AIVNwIt52
China Has One Powerful Friend Left in the U.S.: Wall Street wsj.com/articles/china… Chartbook Newsletter #8 is all about China. Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/dLMN0qZY5X
RT @William_C_Meade: @adam_tooze Duncan Needham's book is excellent on the Bank c. 1970s. Supporting the gilt market conflicted with the us…
You working with Jeremy Green at Polis? polis.cam.ac.uk/Staff_and_Stud… twitter.com/William_C_Mead…
More to come in Chartbook Newsletters to come. Sign up here adamtooze.substack.com twitter.com/redbaronmarket…
RT @William_C_Meade: Highly recommend these deep dives into WHAT exactly was going on with US Treasury market in March. Curious to see if t…
Amongst all the other news yesterday, another 1.4 m Americans filed for unemployment benefits last week. Serious shift in the wrong direction! @OxfordEconomics via @SoberLook https://t.co/MxqI6lvdV6
In lockdown it turns out we want stuff for our homes. CPI for appliances in the US has surged, echoing previous tariff-driven surge. @PantheonMacro via @SoberLook https://t.co/eTGLLkTULd
Corona lockdown -> folks are buying stuff for their homes. Inventories are low -> prices are rising. Striking. Characteristic of 2020. NOT evidence for general inflationary pressure. Does not warrant central bank response. @SoberLook https://t.co/kvbPVpViP5
Historic growth. Vast accumulation of debt & other risks. Tight-rope of authoritarian governance. NEW Chartbook Newsletter #8 brings together three stands of China economy coverage. adamtooze.substack.com/p/chartbook-ne… IMF’s worst case local gov finance crisis scenario sums it up! https://t.co/XlV8jn3a32
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