"Euro area banks have been provisioning less than US banks, with policy and profitability differences as potential explanatory factors” @ErikFossing you are clearly at the cutting edge of this. I was merely elaborating what seem to be the ECB worries. ecb.europa.eu/pub/financial-… https://t.co/3l0iaHGjXE
Have European banks made enough loan loss provisions for possible negative scenarios in 2021? The ECB is worried. Chart 7 FSR Apropos of @ErikFossing https://t.co/9T9XqYL5w9
RT @shulmaven: @adam_tooze I read both The Lights that Failed and The Triumph of the Dark. Magnificent.
RT @AndyLangenkamp: It all comes down to the ECB, says @adam_tooze socialeurope.eu/light-in-the-t…
RT @ErikFossing: A highly read-worthy piece @adam_tooze on European stability. But harsh to say banks have been napping since the GFC: Br…
RT @MGSchmelzer: For all who want to get up-to-date information, key numbers, and critical commentary on global capitalism's developments,…
@ronmartinez @yayitsrob negative emission technologies – machines to suck up and stabilize CO2, essential in virtually all the modeling to make the numbers anything less than catastrophic.
RT @PhilippaSigl: Been a hell of a ride – bis bald @BMF_Bund, danke an all die großartigen KollegInnen für eine unvergessliche Zeit! 🚂……
RT @PP_Rubens: Painter Sir Winston Churchill, born OTD in 1874, was (like me) also a fine scholar and diplomat. Of sorts. Here his self por…
BEAST: the @ecb has a new stress testing model for Europe’s banks and it generates some eye-opening results. A new column for @socialeurope socialeurope.eu/light-in-the-t… https://t.co/om4iFlCbuW
"Precarity is that here and now in which pasts may not lead to futures." Tsing, Anna Lowenhaupt. The Mushroom at the End of the World (p. 60). Princeton University Press. Kindle Edition. https://t.co/UfxXkH30WQ
American composer John Cage wrote a set of short performance pieces called Indeterminacy, many of which celebrate encounters with mushrooms. Tsing, Anna Lowenhaupt. The Mushroom at the End of the World (p. 46). Princeton University Press youtube.com/watch?v=ieDy14… https://t.co/eFhlMggYTW
Apart from fisheries the key issue in Brexit negotiations is level playing field and means of reviewing it. This summary of divergent perspectives by @pmdfoster is spot on. ihttps://www.ft.com/content/b382bb1c-4138-4f95-a338-1885dc1d8e89 https://t.co/GNkgQmwbJV
"It is one of the truly remarkable things about Brexit, that such a wrenching change to the UK’s trading arrangements with its nearest neighbours should have taken place with so little cognisance of — or consultation with — those that do the trading.” ft.com/content/b382bb… https://t.co/9WnlZkg2YI
Any way you slice 2020, the macroeconomic balance was devastating. @martinwolf_ Latest column: ft.com/content/973609… https://t.co/jKvgPxyu2p
Ukrainian influence was crucial in levering EXXON out of a deal with Rosneft -> same team has repeated exercise in working with Ted Cruz to threaten sanctions European firms involved in Nordstream 2. Their main opponent is Mnuchin at Treasury. wsj.com/articles/u-s-r… https://t.co/GjPLLV7Pbr
Since Baltic seabed holds unexploded WWII munitions, DK prohibits vessels frm anchoring -> ships have to use anchorless positioning system. Swiss Allseas Group has ship capable of laying Nord Stream 2 pipes without anchoring -> US sanctions go after them wsj.com/articles/u-s-r… https://t.co/FmG7o8yN2G
Local news stations in Germany got wind last week that parts of Baltic are being placed on alert as construction of Nordstream 2 pipeline resumes. Meanwhile, a LPG terminal for imports from the US is put on hold. faz.net/aktuell/wirtsc… faz.net/aktuell/wirtsc… https://t.co/fhp3RzAnCD
Stats on “foreign” fishing in UK waters are distorted by fact that UK owners of UK fishing quotas sold them to EU competitors, mainly in the 1990s when their value plunged. Belgian and Danish quota owners did so even more. bbc.com/news/52420116 https://t.co/faVtWKAWtb
Shopping on Black Friday? Remember the stranded seafarers who make it possible 400,000 crew members mainly from Philippines, India and China are still stranded on their vessels due to refusal to designate them “key workers”. theguardian.com/environment/20… https://t.co/F1Ygd5hdKB
In Chartbook Newsletter #4 I highlighted the alarmist tone of @ecb latest Financial Stability Review adamtooze.substack.com/p/chartbook-ne… In a new column for @socialeurope I dig a bit deeper on the ECB’s fears socialeurope.eu/light-in-the-t… Sign up for newsletter here: adamtooze.substack.com https://t.co/5LR5lmDz1z
@EdmundOnline14 Completely take your point. The stats are clearly framed the wrong way.
Why the EU is playing hardball on fishery question: UK EEZ is pivotal to Europe’s fishing industries which catch far more there than UK fishing boats catch in rest of EU. Brits fish only 32% of fish caught in UK waters. @StatistaCharts https://t.co/UApAZEi3No
Regional gap per capita comparisons are fraught with all sorts of measurement issues. On those grounds ignore Ireland. But I can’t help being struck by fact that Prague and Bratislava are ahead of Copenhagen, Stockholm, Stuttgart & Vienna on this list. ec.europa.eu/eurostat/docum… https://t.co/s3awD02MFt
NYC leads the USA in households at risk of eviction/foreclosure. Worst case it could exceed 450k. bloomberg.com/news/articles/… https://t.co/si19ABSCsc
"White Commonwealth” bulks large in the imagination of Brexit. It shouldn’t be a surprise that Germany exported twice as much to Canada as the UK. But, I was struck by fact that Italy pipped the UK to #7 spot! tradingeconomics.com/canada/imports… H/t @DEHEdgerton theguardian.com/commentisfree/… https://t.co/MuYXqKmO1X
Handy data on the UK fishing industry for Brexit-context this week: Or, in the language of British nationalism, how a “maritime nation” became a fish importer. https://t.co/mnuZJ5J5fo
“Argument that no-deal Brexit is a price worth paying for freedom to violate EU state aid rules" relies on largely fantastical ideas about UK’s unique innovative potential and chequered track record of UK as an entrepreneurial state. @DEHEdgerton theguardian.com/commentisfree/… https://t.co/jiJ8Puq0S8
"The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies” reuters.com/article/us-usa… https://t.co/rkM8FsE1Dc
@Erik_Jones_SAIS Great to finally meet in person. Just thought you nailed it, or rather you nailed precisely what seems to be on minds of stress testers at @ecb Everyone should read the Financial Stability Review. ecb.europa.eu/pub/financial-…
RT @Erik_Jones_SAIS: Great column. Many thanks for the shout out! The prospect that we are looking at the train is truly frightening. Le…
RT @Uptheleft: @adam_tooze Lot of consolidation in late 70s. Strong lobbying power from a few families (esp in mackerel). Highly geog. conc…
What Brexit exposes is that whereas after 1945 one could speak of British capitalism and Tories as its political wing, today there is no such thing as British national capitalism. This by @DEHEdgerton still most illuminating thing I’ve read on Brexit. theguardian.com/commentisfree/… https://t.co/lnjzEgBCvP
About 5.8 m American adults say they are somewhat to very likely to face eviction or foreclosure in next 2 months = a third of 17.8 million adults in households that are behind on rent or mortgage payments. bloomberg.com/news/articles/… https://t.co/ICnpEW81jd
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