January 4, 2023
RT @Brad_Setser: Forecasts that the oil trade will de-dollarize are trendy ("For starters, a lot more oil trade will be done in renminbi"/…
RT @Brad_Setser: Forecasts that the oil trade will de-dollarize are trendy ("For starters, a lot more oil trade will be done in renminbi"/…
"To minimise disorder, the BoJ should be clear about its reaction function and move slowly but deliberately by first further widening the YCC band or targeting a shorter duration." @economistmeg not mincing words. ft.com/content/9e3ff3…
RT @b_judah: I interviewed @adam_tooze about Britain’s great stagnation — and why the economic data says is far more serious than merely a…
RT @bgprior: Blanchard starts with "inflation is fundamentally the outcome of distributional conflict", but rapidly reverts to a more conve…
Chartbook: Indonesian expressionism, US manufacturing, McLuhan on nostalgia & remembering 1917 in 2017 adamtooze.substack.com/p/indonesian-e…
@jeremy_maxie @JDWilson08 No Mr Maxie, but the declared and unabashed aim is to stop and roll back China’s development in all strategic areas of technology and you, as sharp and knowledgeable person, know perfectly well how we would see this, if they did it to us. Growth would be the least of our problems
Is sustained inflation possible on basis of pure conflict as @ojblanchard1 provocative tweet thread suggests? Surely not. This tightly argued response by @MacRoweNick would seem to settle that. Regardless of whether money or conflict is starter, you need both for an infl process. twitter.com/MacRoweNick/st…
Hi Ivan really struggling to see how this is not simply Keynes General Theory: when cost of lowering real wage by means of nominal wage cuts is prohibitive (in economic or political terms) his recommendation is to clear labour market by dose of mild inflation through AD push. twitter.com/IvanWerning/st…
@JDWilson08 @jeremy_maxie How gents, do you think we would characterize the situation if China was unilaterally and aggressively shutting down America or Australia’s access to microchips?
@helicopterosaur No idea. Has happened before. I dont actually think that the password was stolen. They made no attempt to change it or anything really aggressive like that.
🔥🔥🔥 Free NFTs up for grabs! 🔥🔥🔥 @alixonjviloria @Chen83435250 @hhngbo1 @Ifeanyi_gmi @oddozzy561 @chirag_oraon @Jimmyzwk911 @SBFisCC0 @ivan_2054 @cur8orofearth twitter.com/moonbidrs/stat…
💰 Free NFTs up for grabs 💰 @Gyanfunda07 @MahmutCavuss @kudravtsev_n @Web3WineGod @Sherry91944785 @Atireira_AE @yaroslavvv23 @trickymicky33 @hojineth twitter.com/moonbidrs/stat…
NFT airdrop alert! Get yours now. @benaicha_tarek @0xResonation @stevenselijah62 @block_dam @fdjdkdkkxxj @vrebenyi @ObadiahPatters1 @8colors2011 @LokiMorok twitter.com/moonbidrs/stat…
The EU has proposed so many deviations to the original Basel 3.1 aka 4 deal that its own regulators warned the bloc risked being deemed “materially non-compliant”. Implementation postponed to 2025. ft.com/content/2eba72… https://t.co/5Wdu3qSO54
RT @jp_koning: Everyone grumbles about our current inflation problem, but @dandolfa sees it as a solution. In the context of an economy hit…
"we are talking about profit-orientated institutions. As long as you do not provide the necessary price signals, profits or profit expectations, there is a limit to what one can expect,” outgoing head of FSB Domanski on limits of greentalking in finance. ft.com/content/2eba72…
Severe power cuts cost the South African economy an estimated R4bn (about $235mn) a day in lost economic activity. Savage and desperate op-ed by @davidpilling on ESKOM and the coal lobby holding Africa's largest economy hostage. ft.com/content/73a524… https://t.co/FkzRemuvsr
Strategic Transition Green Tech Sustainable competitive future Jobs Unstable Chinese imports Cleaner Local The word salad of modern day lobbying for steel subsidies ft.com/content/6d5610… https://t.co/wITiivioDW
Chartbook: Grace Jones, Russian chips, oil profits & Egypt's infinite economic crisis adamtooze.substack.com/p/grace-jones-…
Doubling down on fossil: Exxon plans to tap oilfields such as the Permian in Texas and New Mexico as well as deepwater fields in Guyana and Brazil to increase its output by around 15 per cent by 2027. ft.com/content/2bfced…
"Despite $13bn in deposits from the UAE, Saudi and Qatar and another $3.3bn in asset sales to the UAE in 2022, foreign currency has remained in desperately short supply for the import-dependent country." How long can Egypt stave off a currency float? ft.com/content/8d17fe…
@IanDWyatt But point taken … the data would be less striking if they were prime age. @leah_boustan
@IanDWyatt What is the average of retirement for white women v. non-white women?
@leah_boustan @M_Biddington bls.gov/opub/reports/r…(60.7,and%20Whites%20(56.8%20percent).
ExxonMobil and Chevron are expected to rake in almost $100bn in combined profits from 2022 as the US corporate oil titans capitalise on surging fossil fuel prices following Russia’s invasion of Ukraine. Cue share buybacks. ft.com/content/2bfced… https://t.co/k2Qeq2Wxcm
“What we’re going through now isn’t so much a renaissance as it is an enlightenment,” said Craig Piercy, head of the American Nuclear Society. In 2022 $40bn in public money was earmarked to prop up nuclear power sector in US plus $5bn in private new inv. ft.com/content/f3c6f3… https://t.co/jP2zgQ6BOy
RT @TinaFordham1: @adam_tooze There is a great deal of work assessing drivers of low female labour force participation and policies that he…
@Nath_Watson1 @FT @GeorgeWParker @sylviapfeifer Why? You see any global shortage of steel?
@M_Biddington @leah_boustan Chart says over 16 because that covers entire labour force. Non? Higher high school/college participation may also contribute. But I was not making the comparative point. Hispanic and black are also very low. I was simply observing how STAGGERINGLY low the white female rate is.
Word choices at @FT blow my mind: How can you open a piece on uneconomic chinese-owned "British" Steel by saying its closure would inflict "strategic blow to the UK economy". Who says so? What does it even mean? @GeorgeWParker @sylviapfeifer ft.com/content/6d5610… https://t.co/EY6uHMhU0G
The US “may avoid a recession” because its unemployment is so low, she said. “If that resilience . . . holds [in 2023], the US would help the world to get through a very difficult year,” @IMFNews opens door to soft landing scenario in USA ft.com/content/e9c474…
Labour force participation for white American women is only 55%. I knew it was low. I didnt know it was this low! ft.com/content/1e5432… https://t.co/WJ3dqd15Uw
RT @LucaFornaro3: @ojblanchard1 & @IvanWerning argue that distribution conflicts are an important driver of inflation https://t.co/PYF3qR36…
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