ADAM TOOZE

"the beginning of the end is here” @FT editorial of 17 September on 2020 as a turning point in the “slow death of Big Oil". ft.com/content/c343b9… https://t.co/1g42vIITpM

International anarchy is what we make of it (to paraphrase Wendt) -> an attempt to chart the vaccine race btw science, big Pharma, state intervention, popular politics. Latest long read for @ForeignPolicy Love this illustration! foreignpolicy.com/2020/09/19/the… https://t.co/iSZrYckxcM

The level of China’s pork reserves is a state secret. But after reserves fell by about 452,000 tonnes between September 2019 and August this year -> reserves down to 100k t. Beijing’s ability to stabilize market in 2021 will be limited. Imports up. ft.com/content/31e886… https://t.co/OjtzlHKTjL

Cement is the most commonly used man-made material and responsible for about 8 % of global CO2 emissions. LafargeHolcim, world’s #1 cement maker with plants in 120 countries hopes that by 2030 carbon capture will open path to neutrality. @Michael_Pooler ft.com/content/13e42b… https://t.co/DAszaV5knF

Bankendämmerung: In 2010, tech made up 4 per cent of the MSCI EMU index, which covers large and mid-cap companies in the eurozone, while banks accounted for 24 %. Today, tech is 12 per cent while banks have dropped to 13 per cent. ft.com/content/d82d98… https://t.co/5nED3J2yc2

1/3 of low-income US households are worried about how to cover rent bills next month. bloomberg.com/news/articles/… https://t.co/y73b0SwteD

The Treasury market is simply too important to be left to its own devices. March 2020 should be a warning. @RobinWigg worries that current calm & resistance of hedge funds -> inadequate momentum for reform. ft.com/content/be7007… https://t.co/J9awG0l5Np

ECB to review flagship bond-buying tool in fighting Covid crisis. Debate on length of €1.35tn PEPP programme and on transferring its flexibility to other asset-purchase schemes. Great @MAmdorsky scoop from weekend. But look where the @FT AI takes you …. ft.com/content/8ff55e… https://t.co/ZOxBpxGJ0q

Consumer Sentiment in the US is highly divergent right now: Confidence is bouncing back among high-earning consumers, still weak among low-income Americans bloomberg.com/news/articles/… https://t.co/FoEdNeFAlU

What We Learned-And What We Didn't- From the September 2020 Powell Press Conference Typically lucid from @NathanTankus on Fed. Acerbic on issue of long run inflation targets/promises/confidence … nathantankus.substack.com/p/what-we-lear… https://t.co/pQ9fTGWAcW

EU wants to arm itself with new powers to take on big tech, including ability to force them to break up or sell some of their European operations. In extreme circumstances, also include the ability to exclude big tech groups from single market altogether ft.com/content/7738fd… https://t.co/wOYY68VGq7

Bottom 40% of US income distribution account for no more than 22% of total consumption. Top 20% account for almost 40%. @LizAnnSonders via @SoberLook https://t.co/X2aTdmuwK5

South Africa and the big oil producers such as Nigeria, Angola and Gabon have been hit very hard by COVID-shock. But the rest of Sub-Saharan Africa may bounce back fast. Good @FT roundup. ft.com/content/505042… https://t.co/oyONCvwvAb

“It is too early to write off China’s role in global supply chains,” Its “fundamental competitiveness” & presence in key sectors -> 2020 sees surge in Chinese share of global trade. ft.com/content/6f65b0… https://t.co/W2e0qAs0Wg

RT @MGSchmelzer: Capitalist competition makes it difficult to deal with global collective problems. What can we learn from current race for…

Btw 2007 and 2012 median income of US households declined. Then, a very unequal recovery began, with those with College education making large relative gains. @MoodysAnalytics via @SoberLook https://t.co/ZhcnC6Kpl3

The US is no longer a major producer of cars. #6 behind India & S. Korea. Level-pegging with Brazil. BUT this is deceptive because trucks are key to US production -> total is closer to 10m i.e., #2 behind China. @StatistaCharts via @SoberLook https://t.co/vfaLLUC5ii

The US is no longer a major producer of cars. #6 behind India & S. Korea. Level-pegging with Brazil. BUT this is deceptive because trucks are key to US production -> total is closer to 10m i.e., #2 behind China. @StatistaCharts via @SoberLook https://t.co/fiW7x6UsAr

RT @DanielaGabor: Happy to inspire fellow macro-finance geeks at what really matters.

RT @HistoryNed: @ogiovetti @crusaderproject Another great m.youtube.com/watch?v=TlUsMu…

RT @ogiovetti: I don't know who needs to hear this, but here's the Red Army Choir singing 'Sex Bomb.' https://t.co/LIVoRc2fHT

RT @r_bellofiore: Rossana Rossanda died tonight. She has been a towering figure in the Marxian left, one of the founders of il manifesto, a…

RT @bucephalus424: RIP. "Bukharin and the Bolshevik Revolution" is a masterpiece and had world historical impact given its influence on Gor…

RT @jordanschnyc: @wikipolis @adam_tooze @M_C_Klein (I had to goolge it too) https://t.co/61zzRmVqPK

RT @gordonschuecker: @_ppmv @adam_tooze @Mauro_Gilli @Ecocene @oikeios @ProfSteveKeen @nephologue @NJHagens Thx! Infinite layers of depth i…

RT @thomas_k_r: This article is *staggeringly* good on the geopolitics of the vaccine – exhaustive and extremely thoughtful. Highly recomme…

@thomas_k_r Thank you!

@Patrick_Wyman Thank you.

@gordonschuecker @_ppmv @Mauro_Gilli @Ecocene @oikeios @ProfSteveKeen @nephologue @NJHagens Thank you.

RT @bhbradlow: The race for a vaccine as a portal to the organization of international politics and finance. twitter.com/adam_tooze/sta… https:…

@_ppmv @Ecocene @oikeios @ProfSteveKeen @nephologue Hi Paul dont worry. I read enough of your v smart contributions on twitter to know what to expect. But, I do worry about your blood pressure/heart health 🙂

@_ppmv @Ecocene @oikeios @ProfSteveKeen @nephologue Thanks Paul. Looks like an interesting paper. Will check it out.

@UrbanTheoryLab @oikeios @triofrancos Thank you so much for this superb thread! Fascinating …

@UrbanTheoryLab @oikeios @triofrancos FANTASTIC thread …. Elaborating this will be a large chunk of my anthropocene/history class on Tuesday! THANK you!

@Ecocene @oikeios GREAT flowchart even if data from 2005. Do you happen to have the source to hand?

@Ecocene @oikeios Sure. I know the data. But lets indulge ourselves in the thought-experiment.