ADAM TOOZE

Growth in the net worth of billionaires has been largely unaffected by COVID-19. Its an exponential growth curve. @VisualCap visualcapitalist.com/5-big-picture-… https://t.co/hbvhtM79Gs

RT @MenschOhneMusil: Yuri Mikhailovich Raksha- My Mother, 1969. https://t.co/wZBUkT3fDG

Striking how feelings towards the EU have warmed amongst Hungarians over the course of Orban’s period of rule. ft.com/content/bfa582… https://t.co/ritCiQKgBu

Mexico’s refusal to mount any substantial fiscal response to corona crisis is staggering. H/t to @PerezEnMexico for highlighting. AMLO shaped by 80s/90s crises. Worried by bond market pressure. What else can I read!!!! wsj.com/articles/mexic… https://t.co/vx9BHnuBAb

Number of Mexicans living below $5.5 a day poverty line will rise by 11 m + to 44 m, due to pandemic = double what’s expected in Brazil, which has wider income disparities and population 60% larger. Help! I dont get it. What to read on AMLOs fiscal policy? wsj.com/articles/mexic… https://t.co/FJbRUaIyuY

Eta and Iota have tracked devastation across Guatemala and Honduras, creating huge vulnerability to Covid 2nd wave in a region already reeling. @Nataliekitro highlights plight of region and an urgent issue for Biden admin. nytimes.com/2020/12/04/wor… https://t.co/XO1BKzFvp9

Secret State: Total US intelligence funding grew by 125 % in real terms from 1980-89, as noted by the Aspin-Brown Commission on intelligence. Declined thereafter, but by the mid-1990s it still remained at a level 80 percent higher than the 1980 figure: fas.org/irp/budget/ https://t.co/xJQRJKLMj8

With Biden’s inauguration looking increasingly secure, it is tempting to tune out the GOP crazy. But that is a recipe for getting blindsided yet again @paulwaldman1 washingtonpost.com/opinions/2020/… https://t.co/v4uxxF7qTk

Indonesia is borrowing at rates not seen since the taper tantrum of 2013. @SoberLook For some middle income countries, the credit squeeze of earlier this year is well and truly over. https://t.co/0QVybndLbf

America’s budget for spying in 2020 is $85.8bn! Up from $73bn in 2017. Previous peak was 80bn in 2010. Fascinating! fas.org/irp/budget/ https://t.co/EOcpR5TJpX

Familiar treatments – breast enhancement at 5k pounds per job – dominate UK cosmetic surgery business. But “tweakments” are more and more popular … tweakments! Botox leading way. Demand surging in new era of endless zoom conferences! ft.com/content/29e711… https://t.co/XhBRdFmAQN

If Q3 turned out better for the Euro Area than expected, Q4 is looking a lot worse. Sharp deterioration in high-frequency data in France and Italy. UK slumping. US moving sideways. bloomberg.com/news/articles/… https://t.co/V6LiilggNL

‘Lockdown Face’ fears drive ‘Zoom boom’ in UK cosmetic surgery requests Some providers say demand is up fivefold on last year since the start of the pandemic. God, do I know the feeling! @gillplimmer1 ft.com/content/29e711… https://t.co/0GGfQdbInN

If there is any place to which “lockdown” really applies, it is India. Extraordinary crash in mobility in April. thedailyshot.com/2020/11/30/us-… https://t.co/QQDDoSYZqr

"Goldman Sachs opened a Luxembourg-based entity to service rich individuals based in EU”. Is it me, or is Bloomberg reporting less euphemistic? bloomberg.com/news/articles/… For some of other stakes involved in Brexit, sign up for Chartbook Newletter #6 at adamtooze.substack.com https://t.co/6akwaEydwR

WWII, Korean War, Vietnam shaped a generation of American men through war and experience of life in the military. @graykimbrough via @SoberLook https://t.co/FEcT8TtqA8

RT @JustinWolfers: The recovery was always going to be a play in two acts. The first act was firms re-opening and recalling furloughed wor…

The elephant in the room: Italy’s public debt. One country. But too big to ignore. Surely a basic obstacle to any resumption of pre-crisis Euro Area fiscal rules. Forces question that @Erik_Jones_SAIS was putting earlier this week: What next? bloomberg.com/news/articles/… https://t.co/NMTDvkUxD7

"Oil & cars are most common top imports around world. Even for countries with well-established domestic oil production & car manufacturing industries, transportation is by far most common driver of international trade” @howmuch_net h/t @SoberLook howmuch.net/articles/top-i… https://t.co/k0pRxRNZZT

"The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since Feb 2013.” Data from SWIFT. NOT for funding. NOT FX trades. Yuan share of payments as low as 1.66%! bloomberg.com/news/articles/… https://t.co/FGUTqRKGQd

Eswar Prasad, an economist at Cornell University, called the contraction “a body blow to India’s economy” that “sets back much of the progress, especially on poverty reduction, that had been achieved in previous years through high growth”. ft.com/content/33659e… https://t.co/nrvrjZODHn

As takeaway food is fed to the Brexit negotiators, France makes clear its veto threat. ft.com/content/52b431… Download Chartbook Newsletter #6 here: adamtooze.substack.com And sign up for regular newsletters. https://t.co/JOuejk98lR

I liked @nicolas_veron line that Dutch insistence on strong rule of law provisions was an indirect attack on Recovery deal, since it was bound to provoke East European resistance. Now, Poland is returning fire by asking for article 7 action v. Dutch over tax malpractice! twitter.com/MehreenKhn/sta…

The current surge in copper prices are taking them to towards the high peaks of 2006-2013. tradingeconomics.com/commodity/copp… https://t.co/KhAHBDeUEU

RT @RusHeritageUK: November 1931: Alexander Kerensky at Croydon Airport leaving for Paris. He would later become Russia’s only head of stat…

I remember it in the “bad" old days of the 1970s, before the local community initiative transformed it. It was a truly extraordinary wilderness, open graves, the entire works … twitter.com/ianvisits/stat…

RT @MrJakeWalters: My portrait of Sir Philip Green taken on his Arcadia office balcony on Oxford Street. He was unpleasant and rude to me a…

RT @dfweb75: 4 décembre 1798 Bataille de Hasselt, durant la guerre des Paysans. Les Français y remportent une victoire décisive qui marque…

"Central banks are embracing their own digital currencies (CBDCs). Note that these are still fiat currencies, just in digital form.” @Quillintel Via @SoberLook thedailyshot.com/2020/11/30/us-… https://t.co/G08tS69rWH

After rebounding from lows, confidence amongst consumers in Germany, France and Italy moving in the wrong direction. @SoberLook https://t.co/QfLlLYodXL

RT @paulkrugman: I write about debt; couldn't resist the Strangelove reference 1/ nytimes.com/2020/12/03/opi…

RT @paulkrugman: As I see it, at this point alarming long-run projections involve an element of unintentional bait-and-switch. They look as…

Sterling swung violently yesterday on new and non-news of Brexit. bloomberg.com/news/articles/… For more on what is at stake get Chartbook Newsletter #6 here: adamtooze.substack.com https://t.co/0wMhcirAsC

RT @DominikLeusder: Most of Westminster is run by a handful of large estates and here's an article in the Economist (of course) saying that…

March 2020 saw shocking devaluation of EM currencies. But sudden appreciation due to vaccine optimism may not be welcome either. @RobinBrooksIIF highlights intervention by India to hold rupee down. I want to read more on this! Who has more? twitter.com/RobinBrooksIIF…

RT @AndrewJ_Staples: @adam_tooze It's the Royal Navy Hymn, Eternal Father, Strong to Save. "Oh, hear us when we cry to Thee, For those in p…