ADAM TOOZE

Despite huge uncertainty facing global economy, yields on riskier corporate debt are back down to 5% level seen at the beginning of 2020. ft.com/content/498313… https://t.co/BPaTncv9fw

Shifts in the voting-age population of the Trump coalition (white voters with no college degrees) and the Biden coalition (minority voters and white voters with college degrees) since 2016, swamp Trump’s margin of victory in 2016. nytimes.com/interactive/20… https://t.co/ap8ZYWh4Kv

RT @MaxCRoser: @adam_tooze Definitions of what an urban place is are widely different between countries in the UN data. There is a table in…

The New South: White voters without college degrees (working class at a first approximation) make up 34-39% of electorate in Georgia, Florida, Arizona, N Carolina v. 50-54% in Michigan, Wisconsin, Iowa. nytimes.com/interactive/20…

"The number of voting-age white Trump core support: (white) Americans without college degrees has dropped by more than 5 m in the past 4 years, while the number of minority voters & college-educated white voters has increased by > 13 m since 2016." nytimes.com/interactive/20… https://t.co/wKYTh45gBf

What are you going to need if you have a huge surge in online purchases and deliveries? …. an AWFUL LOT OF CARDBOARD! Data @DailyFeather via @SoberLook https://t.co/pE9NQ6x22A

Actual books, actual bookstore in Dujiangyan, China! @ArchDigest architecturaldigest.com/story/surreal-… https://t.co/ccVJfmzEtL

ECB repo facilities: In 2008-9 lack of repo facilities from Frankfurt for Eastern Europe was a sore point. In 2020 @ecb seems to have been more active. Does anyone know anything good on this year’s repo programs for E Europe central banks? @DanielaGabor ? ecb.europa.eu/press/key/date… https://t.co/ERXFKxeZFP

RT @RobinBrooksIIF: @adam_tooze @IMFNews IMF estimates highlight the basic issue: "consensus" gap estimates put a big weight on what GDP do…

Which countries are most urbanized? Gotta say that I find it surprising that larger % of LatAm and North American population is urbanized than in Europe. Would have thought it was other way around. Does this depend on definitions of “urban”? E Europe? ft.com/content/c0badd… https://t.co/zM0T2nq3lz

Employing more than 40mn people, and with roughly US$30trn in assets, China’s state sector now produces more economic output than the UK, France, India, South Korea, Brazil, Italy … Truly fundamental data point from @Gavekal h/t @hancocktom ONE FOR @SoberLook https://t.co/5InCjdXxaC

In 2022-23 @IMFNews is predicting that India, South Africa and Mexico will have larger output gaps than Spain and Italy … In fact, France will be worse than Spain and Italy. Structural/cyclical/development all mixed up. @RobinBrooksIIF alert! ft.com/content/f9a0c7… https://t.co/JVEZlYZ5fZ

“We always live in reaction mode. We don’t live in pre-emptive mode.” Excellent @FT piece on zoonotic mutation risks and global health. ft.com/content/c0badd… https://t.co/CPmSPEhI96

How worries about funding and liquidity conditions blew up equity markets in March 2020 and how, following central bank intervention, those fears, rapidly subsided. Nice chart from latest @IMFNews GFSR imf.org/en/Publication… https://t.co/WP9PCsJxZ4

Brexit is doing a number of UK right now. But dangerous to jump to conclusions about stock market reaction as in lh graph from @business @SoberLook Actually as IMF GFSR shows, it is ENERGY sector that took big hit in UK, driving market down & FINANCIALS. imf.org/en/Publication… https://t.co/CTFF182cI0

Air traffic in the US continues to be c. 2/3 down. I NEVER thought I would say this, but I kinda look back with nostalgia to my frequent visits with the TSA. @WSJecon via @SoberLook https://t.co/0karss5DJf

Cool 2008 and 2020 comparison chart from @IMFNews GFSR. Not just the number of economies contracting the pace of their contraction is staggering in 2020. imf.org/en/Publication… https://t.co/dwGrdTEFxa

The threat of long economic Covid looms Governments need to focus on the cost of inaction, not the cost of supporting economies. GREAT James Ferguson illustration on the latest must read by @martinwolf_ ft.com/content/f9a0c7… https://t.co/Imfj80nu4b

In 2020 tough-talking advocates of herd immunity did not turn out to have a realistic view of politics. Also in 2020 tough-talk in favor of rapidly winding up job support schemes proved unrealistic. UK tories played out both options. ft.com/content/64cd79… https://t.co/ou50P3IL4d

If the corona second wave hits the Euro area hard, how robust is the safety net for Italy? Last week spreads btw Italian and German 10 yrs debts popped. Data via @SoberLook https://t.co/iE0tdlJ5bO

“F*** business”: Since 2016, it has been clear on both sides of Atlantic that alignment btw Tories/GOP & “capital” is reconfiguring & splintering. @CJFDillow @DEHEdgerton @EricLevitz have all written brilliantly on this. My latest in @guardian theguardian.com/commentisfree/… https://t.co/h2QIEDv5NS

OMG … how do you access the books? … you know what, I DONT CARE … how fabulous is this! twitter.com/chowleen/statu…

RT @drfarls: UK campus re-envisioned as 1945 Berlin. twitter.com/ryanhermens/st…

Given state of the Italian economy, shouldn’t these relatively low figures for COVID spending be a matter of concern in Brussels? If aim of July deal was to keep convoy together and not allow gaps to widen, this is not looking promising. @RobinBrooksIIF ft.com/content/ed6194… https://t.co/aa6Uv312mk

RT @NHBranson: #Angola's economy contracted by 12.7% in Q2, more than the 4.6% reported by gov't, according to Instituto Nacional de Estatí…

Demographic divergence of early 21st century is remarkable. Median age of African populations is 19.4 = 1/2 Europe! Any historical demographers out there, or @OurWorldInData @MaxCRoser Has there ever been period with greater dispersion in population age? ft.com/content/c0badd… https://t.co/t0LnZcK1eC

2020: the year when an 11bn pound give-away to support millions of jobs is barely a ripple on a giant fiscal wave. @ChrisGiles_ ft.com/content/64cd79… https://t.co/exA97NV0a2

RT @laurimyllyvirta: @Silmarillion88 @adam_tooze That's how stimulus is deployed in China. Steel consumption isn't up 10% this year because…

RT @tomwxj: For the first time, the Ministry of Ecology and Environment publicly points finger at the National Energy Administration and sa…

RT @tomwxj: Testimonies about the gigantic #BeltandRoad from villagers in five countries: the Philippines, Indonesia, Bangladesh, Pakistan…

RT @tomwxj: Coal-fired power mix in China Central Grid from dropped for the first time to below 50%, due to a surge of Three Gorges hydro p…

For eagle-eyed commentary on all things China political economy, energy etc everyone should follow @laurimyllyvirta Chomping IMF graphs for snacks here. twitter.com/laurimyllyvirt…

In 2020 “on the books” budgeted stimulus in Germany is larger than in China. BUT as @laurimyllyvirta has pointed out, where are policy banks? State-owned commercial banks are key in China. @IMFNews Fiscal folks need to talk to Financial stability side! imf.org/en/Publication… https://t.co/psWS2bYPLQ

As smartphone shipments both inside and outside China plunge yoy, is Huawei beginning to spiral the drain? ft.com/content/8e97a7… https://t.co/VWODkFyrD7

RT @johannes_petry: just reread this fantastic piece by @adam_tooze on China's changing climate strategy – there will be a lot to unpack fo…

RT @xvrmdf: @imbresigau @adam_tooze @CJFDillow I think @DEHEdgerton and @stianwestlake have also both written on the subject of the Conserv…