ADAM TOOZE

One way of defining EM used to be that they still had classic inflation dynamics, wage-price-e.r. spirals etc. Now it seems lowflation may have come to Indonesia. @SoberLook https://t.co/LZON5OM8jX

RT @heimbergecon: I'm happy to share that our paper “The power of economic models: The case of the EU’s fiscal regulation framework” is now…

Further signs of normalization in China with hotel occupancy now above 2019 levels yoy. @MorganStanley via @SoberLook https://t.co/26gEWp1Zni

There appears to be sustained foreign demand for Chinese bonds. Unsurprising given the interest rate spreads & inclusion in major indices. More to it? @Gavekal via @SoberLook https://t.co/PwgrUO1try

Has rapid labour productivity growth in China since 2014 has helped to keep unit labour costs flat in China? @bcaresearch via @SoberLook I was not aware of this trend. Interesting. @michaelxpettis https://t.co/hDNWwON50y

US Treasury may or may not release a report calling out Swiss currency manipulation. SNB has said it will not be deterred from fighting deflation. But speculative pressure continues, betting on at least a short-lived appreciation. @ceostroff wsj.com/articles/inves… https://t.co/l1FmbHtuwh

The “great inflation” in the US in the 1970s was in fact two separate surges. @alpinemacro via @SoberLook https://t.co/dDGvhrVsJN

Security issuance by US non financial corporations hit spectacular new records this year. Driven by bonds. @yardeni via @SoberLook https://t.co/O4Y3a4IrjT

In the eurozone the decline in the rate of recovery of investor confidence was not as bad as expected … well there is some good news! @SoberLook https://t.co/BZpK5KiS7X

Say, Dems win a clean sweep of WH and Congress and, say, Biden implements proposed policies as opposed to likely compromises -> effect on US economy according to @GoldmanSachs would be raise inflation by 0.4% & i.r. rising from 2023! @SoberLook https://t.co/FrWtUczTZk

CBO has revised its population projection for the US down by 25 million people by 2045. Seems like a huge shock. Is that kinda uncertainty around demography normal in @USCBO forecasts? wsj.com/articles/demog… https://t.co/wA77U2UhIU

Recovery in US running out of steam in Q4 2020 predicts @MorganStanley via @SoberLook https://t.co/GRc8OILAxU

The cost of a 50kWh battery will fall from the current average of €8,000 to approximately €4,300 by 2030 but electric cars will remain more expensive to produce than IC. ft.com/content/a7e58c… https://t.co/49DXTgr1jN

The recovery in oil prices from all-time lows has done little to support energy stocks. Investors presumably fear that the problems go deeper. @bcaresearch via @SoberLook https://t.co/qcjBRVSb2k

“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans” This Trump explainer by @ericawerner @JStein_WaPo is v helpful. washingtonpost.com/us-policy/2020… https://t.co/Q34mrdzxal

Fantastic research checking terms of IMF lending programs, case by case to expose baked in austerity commitments. There seems to be a cognitive disconnect here inside the IMF. twitter.com/danielmunevar/…

RT @danielmunevar: The "good" news is that we dont have to wait until 2021 for austerity. Its already here! Insufficient multilateral suppo…

RT @danielmunevar: Austerity like never before. 72 countries will begin fiscal consolidation in 2021. Tax increases and expenditure cuts ar…

Since 2000 Chinese exports to India have surged. Indian exports to China have not. @NatixisResearch via @SoberLook https://t.co/NvKX1ko3RO

Production in China has rebounded fast from the corona shock, BUT, and this is a big BUT, consumption has not. 5% down v recovery in EU, US and Jp. @Gavekal of interest to @michaelxpettis via @SoberLook https://t.co/tJhklU3aOL

Eurozone government deficits have exploded to a total of 450bn euros = 4-5% of EZ GDP. @PantheonMacro via @SoberLook https://t.co/5FpDLzA8XF

Low interest rates are a financial relief not just for governments. Interest payments of European households are down too. @NatixisResearch via @SoberLook https://t.co/L3usP8gZ8X

Since 2000 Chinese exports to India have surged. Indian exports to China have not. @NatixisResearch via @SoberLook https://t.co/z8N2Rt8COW

Production in China has rebounded fast from the corona shock, BUT, and this is a big BUT, consumption has not. 5% down v recovery in EU, US and Jp. @Gavekal of interest to @michaelxpettis via @SoberLook https://t.co/k5pYU5Ycwe

Eurozone government deficits have exploded to a total of 450bn euros = 4-5% of EZ GDP. @PantheonMacro via @SoberLook https://t.co/GXuO9MqDks

Low interest rates are a financial relief not just for governments. Interest payments of European households are down too. @NatixisResearch via @SoberLook https://t.co/RX4an4ItPE

RT @bhbradlow: Does the collapse of stimulus talks mark a turning point for the many interests hoping to influence a Biden spending bill in…

RT @PRoufos: Late to this but what a brilliant piece by @adam_tooze and @stefeich!! thanks @jvtklooster for reminding me! https://t.co/4b5R…

'If anything real is to be done, bureaucracy must be abandoned for democracy. War must be declared on the oil barons and shareholders’: Lenin. The impending Castrophe, 1917 marxists.org/archive/lenin/… I didn’t know this text cited by climate Leninist A. Malm, Corona, Climate (2020) https://t.co/WxKul01DoM

The Cuban government has said about 30,000 of its doctors and nurses are deployed overseas. They are one of main source of foreign exchange for Communist regime, worth $6.2bn in 2018. COVID has seen unprecedented deployment. ft.com/content/06069a… https://t.co/bF84wsJGg7

Proposal for a Ford V-8 powered mid-engined Lotus Sports Racer by Ron Hickman, 1963. How a failed bid for the project that would become the GT-40 spawned the Lotus Europa. Fascinating blog post by @MuseumGeekGirl (I think) nationalmotormuseum.org.uk/ron-hickman-an… https://t.co/2TN7BWiPqj

If, in 1860, you had to make an equity investment in one chunk of the capitalist world system, which would you pick? … Canada is looking pretty darn good! @DeutscheBank data from their “Age of Disorder” analysis. https://t.co/oyqIlyDixI

When Deutsche Bank say we are facing a new “Age of Disorder” their visuals say: PAY ATTENTION! https://t.co/EPNIJYaY5p

Could we be about to witness a huge and simultaneous surge in renewable energy investment in China, the EU and the US simultaneously? ft.com/content/9360a2… https://t.co/F7fHj0z5ML

Trump’s tariffs are unlikely to shift manfuacturing back to the US, but they could easily trigger new supply-chains out of Asia and Latin America. @KathrinHille ft.com/content/40ebd7… https://t.co/xZc2nSQg8F

Taiwanese manufacturing FDI was key to driving China’s export-industrialization over last 20 years. That flow is now ebbing fast. @KathrinHille ft.com/content/40ebd7… https://t.co/Mo59rApcJV