ADAM TOOZE

“Where [emerging market interest rates] are going to go in the next few years is unclear, but we should worry about this,” Mauri Obstfeld. EM-AE interest rate spread has widened sharply since 2013. Wheatley @valentinaromei ft.com/content/99603e… https://t.co/po9b5RIFyz

Samsung Fire & Marine and Samsung Life have provided more than $13.8bn in backing for the coal industry through project financing, bonds and insurance underwriting since 2009 -> sparking indignation. ft.com/content/5b5faf… https://t.co/JrqZmLA0j6

"EU's July recovery program may ultimately pave way for establishment of a fiscal union. But if EU funds fail to deliver, or if political interests prevail over economic necessity, federal aspirations will be dashed for a generation." @pisaniferry project-syndicate.org/commentary/eur… https://t.co/my2fTVRaTm

RT @PeterDanaher: Brilliant. https://t.co/r6jW2Byaex

RT @sbmktg: Road signs. Racing the way it used to be. #Martini #MotorRacing #DrivingBusiness #sponsorship #MotorsportMarketing #SportsMarke…

Europe’s green stimulus in response to corona crisis dwarfs those in US, India and China. @wef weforum.org/agenda/2020/09… https://t.co/xskPPpT7yI

EM borrowed c $145bn on international bond markets Jan-Sep & $630bn on domestic markets = + $135bn yoy. BUT on NET and outside China flows have flatlined. China equities are main net positive item in “EM” category. Right? @RobinBrooksIIF @Brad_Setser ft.com/content/99603e… https://t.co/K23f48nx48

The monetary easing that saw EM through corona shock in spring of 2020 has reached turning point -> @jzettelmeyer @RobinBrooksIIF warns of tightening financial squeeze gohttps://www.ft.com/content/99603ed2-0580-455f-823a-d138685e2b4f https://t.co/B3mk9iZE8O

Btw 2006 and 2016 earnings from tourism tripled in relation to Thai GDP. From the 2016 onwards they have stagnated at a high level. 2020 has brought a crushing shock. @Gavekal to @SoberLook https://t.co/oHJ5NqEXBx

Amongst general dissatisfaction amongst Arab youth Lebaonon stands out: More than three-quarters of young Lebanese people said they were actively trying to leave or had considered doing so. ft.com/content/349a60… https://t.co/RNmC1yysel

EU is "going to distribute €1.7tn in an atmosphere where trust between member states is decreasing” and the issue this time isn’t Italian finances, it is Hungary and Poland’s subversion of rule of law. ft.com/content/be5b5e… https://t.co/Lw5mgR1wsz

Argentina’s unemployment levels are surging to level last seen in aftermath of disastrous 2001/2 debt crisis. @SoberLook https://t.co/CuN8bxLFTw

Guess where the HQ of BioNTech, one of Europe’s leading vaccine makers is located in the pretty town of Mainz? An der Goldgrube 12 which translates as “By the gold mine …” ft.com/content/e9ebc6… https://t.co/MSezTmYB5S

When folks ask “So where are all the jobs to come from?” Don’t be afraid to answer: public investment. IMF figures for jobs per $1m invested. Of course, it depends on controlling corruption, red tape etc And don’t underestimate the bill either! imf.org/en/Publication… https://t.co/zM3RZJBfUG

This is an incredibly telling indicator of where the dramatic growth in CO2 output is happening now. twitter.com/SasjaBeslik/st…

The surge in unemployment in Colombia has been a crisis for millions of Venezuelan migrants/refugees as well = largest displaced population in world since 2015. @SoberLook https://t.co/HG0p1f7ffQ

If you ever catch the IMF saying “crowding out” ever again you will know they dont read their own reports. Large crowding in effects of public investment on private investment especially under conditions of uncertainty. imf.org/en/Publication… https://t.co/smt96E7gOV

RT @peterhatter: The hot end of a Lola T70 without bodywork. A metallic work of art I say. https://t.co/26SlLeNXKR

RT @LienhardRacing: 1990 "Suitcase Car" © by MAZDA https://t.co/kTQMMqkFSJ

RT @Banjoman2011: 191 years ago today, the Rainhill Trails commenced, we all know the outcome, but I do think Mr Hackworth would have given…

IMF publishes call for debt-financed public investment to remedy decline in public assets as share of GDP. With China as benchmark! Poacher -> gamekeeper. @IMFNews imf.org/en/Publication… https://t.co/tdtM5xX9TE

RT @nfergus: Reminder: “Keep Calm and Carry On” was never used during the war. Though millions of copies were printed in 1939, it was decid…

Paul Volcker’s interest rate shock combined with falling inflation initiated a 40 year period of positive bond returns. ft.com/content/74d6c6… https://t.co/mM2myj6BJY

IMF comes out in favor of debt-financed public investment and guess where it wants governments to start: Maintenance! @DEHEdgerton @STS_News ft.com/content/fc7ad8… https://t.co/n9pncf70z6

RT @simongerman600: Wow. "A Cartographer named Kim Jeong-ho walked the entirety of the Korean peninsula through every mountain and valley f…

(Affluent) US households experienced a $15trn swing in net worth in first 2 quarters of 2020. 10% who own shares saw wealth crash and then recover. @SoberLook https://t.co/6x4UhmEH38

Chinese subway ridership is now back to 93% of 2019 levels. @GoldmanSachs via @SoberLook https://t.co/GnzyehcgJx

Impact of the Korean War on the recovery from WWII both in Europe & Asia is easily underestimated. Crucial for Japan. Data via @SoberLook https://t.co/m7iTyIkmUb

SNB Interventions Soared to $98 Billion as Virus Roiled Markets and drove Swiss franc higher. bloomberg.com/news/articles/… https://t.co/PCellDWrT8

If you remember WWII, WWI and the Napoleonic wars, the 2008-COVID fiscal shocks are really not such a big deal ….;) @Danske_Research via @SoberLook https://t.co/Ejpxt5wP1s

Are Ideas Getting Harder to Find? Data in Bloom et al 2020 suggest that innovation may be an increasingly uphill battle. @NiskanenCenter niskanencenter.org/faster_fairer/… https://t.co/eMxXQ76zpg

Impact of the Korean War on the recovery from WWII both in Europe & Asia is easily underestimated. Crucial for Japan. Data via @SoberLook https://t.co/2Q1lVxhhHa

SNB Interventions Soared to $98 Billion as Virus Roiled Markets and drove Swiss franc higher. bloomberg.com/news/articles/… https://t.co/H67LmSueFd

If you remember WWII, WWI and the Napoleonic wars, the 2008-COVID fiscal shocks are really not such a big deal ….;) @Danske_Research via @SoberLook https://t.co/rkOs8K7rk2

RT @MsJulieZiegler: @adam_tooze @NiskanenCenter @TamBayoumi Just adding correct handle for Tam: @Tam_Bayoumi

RT @EdConwaySky: How ON EARTH did the government manage to temporarily mislay 16,000 test results, putting thousands of people at risk of c…