November 30, 2020
Fishing in Europe. Tiny sector. Even in Scotland and Galicia, fishing accounts for no more than 2 % of GDP. ec.europa.eu/fisheries/fact… https://t.co/zHd6MfxF3B
Fishing in Europe. Tiny sector. Even in Scotland and Galicia, fishing accounts for no more than 2 % of GDP. ec.europa.eu/fisheries/fact… https://t.co/zHd6MfxF3B
"Fishing alone contributed just 0.03% of British economic output in 2019 …. Combined with fish and shellfish processing, the sector makes up 0.1% of UK GDP.” Ahhh… now I get it! reuters.com/article/us-bri… https://t.co/jrD7I6dOCV
Cliff-edge risk: What if Europe is in 2009? Not 2012? A column in @socialeurope for @Erik_Jones_SAIS socialeurope.eu/light-in-the-t… https://t.co/F7kDRKQkKY
RT @GustavAHorn: Over the cliff. What happens if Europe starts to pull the brakes prematurely by @adam_tooze on @socialeurope https://t.co/…
The financial turmoil in March 2020 was in some ways more disturbing than in 2008. Why? Because it roiled the $20trn US Treasury market. And there is NOTHING scarier than that! Sign up for the new chart book newsletter here: adamtooze.substack.com/p/chartbook-ne… https://t.co/UzHSNxzHAg
March 2020 shook the US Treasury market, the bedrock of global financial system. Who did the damage? Hedge funds? Mutual funds? Foreign reserve managers? Either way its the biggest financial story of 2020. Chartbook newsletter #5 out now. Sign up here. adamtooze.substack.com https://t.co/FGZYCf0Aug
@TimOke9 @EricMorath @StephanieKelton @wbmosler Sorry for the redundancy
@jordanschnyc Who knows where it leads? …. and for what kinds of output …
Egyptian Ptolemaic Mummified Falcon Up for auction on @InvaluableLive invaluable.com/auction-lot/eg… https://t.co/lZD84yum1H
RT @ProfPaulWelfens: BlackFridaySales: The Global #Trump € 11,99 instead of € 106,00; highly recommended by leading US economists: understa…
RT @BNODesk: 69,822 new deaths were reported this week, making it the deadliest week of the pandemic – WHO https://t.co/mJpxijRykZ
RT @chriscartw83: Surprise surprise 😱😱😱😱 Daily #CO2 Mauna Loa Obs 28.11.2020 415.49 ppm 28.11.2019 410.86 ppm +4.63 ppm / 1 yr We need 31…
RT @BenWinegard: In 1980, the Democrats only won 9/100 of the highest income counties. In 2020, Biden won over fifty percent (57/43) of the…
RT @lisaocarroll: Did you know? Brits settled in EU with EU spouses lose automatic right to come home as a family after March 2022. Instead…
Other than in Asia, humans are a coastal species. twitter.com/undertheraedar…
Did hedge funds unwinding basis trades destabilize US Treasury market in March 2020? Is there a case for more oversight/regulation? Setting stage for a series of newsletters on the wrenching disturbance in the most important financial market: Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/gFS5RKms74
RT @rortybomb: That neoliberalism has cornered owning growth, innovation, dynamism and competition in the popular imagination while ruling…
Gotta say I love this thread. Keynes, the best antidote to Schmitt. twitter.com/abenanav/statu…
‘An American, a woman and a Jew writing about the (British) Foreign Office. It should not be allowed.’ Check out this appreciation of Zara Steiner by David Reynolds! twitter.com/PhillipsPOBrie…
Currently we fund gov through debt market. If we dont perform MMT revolution, US Treasury market will continue to be key. In March 2020 it badly malfunctioned. What went wrong? See the new Chartbook Newsletter 5 adamtooze.substack.com/p/chartbook-ne… And subscribe here: adamtooze.substack.com https://t.co/FLNZ9GzWvc
Experts at Fed, Treasury & beyond have spent last few months mulling he dramatic shock to US Treasury market in March. As you can tell from gigantic Fed reaction it felt very dangerous. Who was selling? Why was no one buying? Sign up for newsletter here. adamtooze.substack.com/p/chartbook-ne… https://t.co/DMdwxkJhty
@DovSFriedman That makes sense. I am going to be getting into the market dynamics a bit more in Part II where I look at the buy side (or lack of it). Thanks for following.
The financial turmoil in March 2020 was in some ways more disturbing than in 2008. Why? Because it roiled the $20trn US Treasury market. And there is NOTHING scarier than that! See the new chart book newsletter: adamtooze.substack.com/p/chartbook-ne… Sign up here: adamtooze@substack.com https://t.co/GW9aRYbNlQ
Why labour market policy in US is a matter of racial justice & why progressive program must be built on running economy hot whether by way jobs guarantee, MMT or conventional macro. In a recession the bottom drops out for most disadvantaged! @EricMorath wsj.com/articles/dispa… https://t.co/mQAyOTu4xH
World of containers: 35 m are in use globally 170 m trips pa 55 m empty trips Shipping lines own 1/2 Rest owned by lessors e.g. Bermuda-based Triton Internationa, Price per container up $1.6k -> $2.5k Chinese manuf booked through spring 2021. bloomberg.com/news/articles/… https://t.co/bJTb4Gkjf1
Open-ended mutual funds invested in higher yielding but illiquid corporate bonds, whilst offering same day redemption are a big run risk! In March 2020 the panic arrived. Part I of a new series here: adamtooze.substack.com/p/chartbook-ne… Sign up for newsletter at Adamtooze.substack.com https://t.co/5e0B714jzd
Standardizing for education, Black and Latino workers face consistently higher rates of unemployment in October 2020 than their White counterparts in US labour market. @EricMorath wsj.com/articles/dispa… https://t.co/Fz6LiqtrRc
Gotta love @KeineWunder pictures of classic Weimar crisis histories in moody settings! twitter.com/KeineWunder/st…
RT @PaulBlustein: Learned a lot from this, not least the fact that @adam_tooze is now on substack! (Did I subscribe? Of course!) https://t.…
@NathanTankus Sure. But didn’t they find plenty of folks very keen to buy them?
Container bottlenecks: Global shipping business has been whiplashed in 2020 by collapse followed by dramatic resurgence -> critical shortages of shipping capacity on key Pacific routes! bloomberg.com/news/articles/… https://t.co/HnM2LMkbac
In March 2020 the US Treasury market was doing somersaults. Who was dumping the world’s safest asset? Why was no one buying? What was happening in Europe? What next? Sign up for new Chartbook Newsletter series at adamtooze.substack.com Get part 1 here: adamtooze.substack.com/p/chartbook-ne… https://t.co/hWQy4n4ciu
Canada has done what is rational thing for any affluent country to do faced with risk/return on vaccine development. Order huge amounts of any plausible contender. Nicht kleckern! Klotzen! You can redistribute as and when. @scotiabank via @SoberLook thedailyshot.com/2020/11/24/ret… https://t.co/qfgyWPgHza
Late late surge: UK’s last xmas in the EU plus Covid disruption is causing and almighty snarl up in container traffic and surging shipping costs to the UK. Asia->UK container rates up to alarming highs. bloomberg.com/news/articles/… https://t.co/AbJGi5I94r
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