ADAM TOOZE

RT @Birdyword: Astonishing numbers, given that Xinjiang has a population of ~25 million by Chinese state figures, perhaps half are Uighurs,…

@SDullien @IMKFlash @AndrewWattEU @Chris_ptz Und wir sind uns darüber im Klaren dass Italien jetzt bei 150% landet -> diese Regeln, sei es 60,90 oder 100, allesamt irrelevant sind!

RT @aaronsojourner: This makes 26 consecutive weeks (a half year!) with every week's number of new state UI claims higher than any of the p…

Despite heroic efforts of labour market statisticians and administrators, due to double-counting the US does not have a system that allows us to say with certainty how many people are receiving unemp insurance right now! twitter.com/hshierholz/sta…

It is Thursday so everyone needs to read the latest thread from the indefatigable @hshierholz on the ongoing disaster for American workers and self-employed. 1.5 m applied for unemployment benefit last week! 26 weeks … HALF A YEAR of previously unprecedented numbers! twitter.com/hshierholz/sta…

Seaborne container traffic has surged: c. 100m t in 1980 to 1.8bn t 2017. But difficult to make profit -> whilst driving world economy, shipping has destroyed $100bn in shareholder value 1998-2018. 2020 suggests that consolidation in 3 blocs may fix that. ft.com/content/65fe46… https://t.co/oSLFvlMy8D

In upward revision of its forecasts @OECD is expecting a 4.5% decline in global GDP in 2020 -> economic output would only return to pre-pandemic levels by the end of next year — a loss of about $7tn, and about 6 per cent below what had been expected ft.com/content/15457b… https://t.co/hONMGhz3Cg

17 September 1870: "Discussing the War in a Paris Café"—a scene published in the Illustrated London News German forces are advancing rapidly to complete encirclement of French capital in next 48 hours. @Krieg7071 https://t.co/7ZXNwzxBR8

First China. Then ROW: The two phases of the COVID shock are clearly visible in the global shipping data. @Michael_Pooler @TomHale_ on how the industry has adjusted to the shock with less pain than in 2008. One for @SoberLook ft.com/content/65fe46… https://t.co/q7avL5iaMU

China’s trade surplus with the US has grown almost 25 per cent since the start of the Trump presidency, to more than $300bn on an annualised basis. ft.com/content/696d04… https://t.co/oJ9DUyD2oB

You “uncouple” if you like. If, on the other hand, you fancy taking a position on Hong Kong’s Hang Send Tech Index which tracks HK-listed China big tech, BlackRock has the ishares ETF for you. caixinglobal.com/2020-09-16/bla… https://t.co/BiKTpH1frY

The damaging impact of coronavirus lockdowns on South Africa’s economy was made clear last week after GDP in the second quarter fell almost a fifth year on year, a plunge so large that the level of real GDP fell to 2007 levels. @jsphctrl ft.com/content/f987b7… https://t.co/teYiknJwqQ

UK’s economic contraction in Q2 2020 was worse than that of Argentina, which was going through a default. @IIF via @SoberLook https://t.co/DKmNQjnV3e

The UK national lockdown has long since been lifted and the government is promoting a “back to the office” message, but many office workers still work from home. @MESandbu ft.com/content/15457b… https://t.co/VBNoBTPMfV

As the case load builds ominously, how rapidly is India’s COVID mortality going to surge? Currently the global pandemic consists of Latin America, India and the USA. ft.com/content/a2901c… https://t.co/KahibD7HMn

Global central banking right now is a hybrid assemblage of policies and regimes. In this @guardian piece I focus on PBoC, BoJ, ECB, Fed. theguardian.com/commentisfree/… But range of experimentation is far wider as made clear in this excellent global review. bloomberg.com/news/articles/… https://t.co/ieY9Z4xbux

RT @sevensixfive: "Our future is a building without a function." https://t.co/mIujmhn4Ij

HMM Algeciras – largest container ship in world launched in April carries 23964 20 foot containers = on train the load would stretch 90 miles! ft.com/content/65fe46… https://t.co/DzXSoJS3yk

New Delhi announced this week that it was setting up a control room to monitor oxygen supplies in states, to ensure adequate availability to cope with an expected surge of patients. ft.com/content/2ce372… https://t.co/Br7e5iXYod

Nice graph putting the scale of US fiscal and monetary response to Covid crisis in historical perspective. @TCosterg Via @SoberLook thedailyshot.com/2020/09/15/for… https://t.co/8EjsvlX5YT

September 1870 German war artist Heinrich Lang and his colleagues collect their memories of the first phase of the Franco-Prussian war. A sketch of a German cavalry attack at Sedan. twitter.com/Krieg7071/stat…

RT @redouad: All of @OurWorldInData's data on confirmed COVID-19 cases and deaths has just been updated for September 17. You can explore i…

21 percent of German manuf value added is generated by motor car sector. Structural change in that sector is crucial for national economy. @DanskeBank_UK via @SoberLook https://t.co/eIyTq7l9Aa

It is striking how far agricultural credit continue to weigh heavily on balance sheets of regional banks in the US. cftc.gov/sites/default/… https://t.co/tp1GuS3sGN

Richest 31 counties in the US, 1 % of total, account for 32% of national GDP in 2018. NYC is 4.8% of GDP -> concentrated climate risk. cftc.gov/sites/default/… https://t.co/28ZGbi2lvp

It isnt just US students who have debts, US colleges do too. Not knowing how College business will operate in future creditors may worry. @PIMCO Reckons that public colleges have a backstop. Same not true for weaker private Colleges. One for @SoberLook pimco.com/en-us/insights… https://t.co/s50gAFIO0D

Btw 1900 and 2015 the world lost over 1/3 of its primary forests (defined by the researchers as those undisturbed by humans for more than 140 years) between 1990 and 2015 to land-use change. Old forests are particularly scarce in Europe. economist.com/graphic-detail… https://t.co/1BpPTNJnaI

It’s the Economy, Stupid’ Carries Less Weight in 2020 Election, in part because it is just not obvious what Americans voters are actually thinking about when they are asked about “the economy”. wsj.com/articles/its-t… https://t.co/WLmk824faY

The global distribution of smartphone operating systems is very telling. Brand v. Price correlating with per capita income. @StatistaCharts via @SoberLook https://t.co/T9rAdrisCe

Obviously, given the US track record it is easy to see why one might prefer“neglect”/no LatAm policy. But given the deep interconnections that is surely not enough … twitter.com/ThurberTeam/st…

RT @Markbohlund: @adam_tooze @IIF @elinaribakova @BHilgenstockIIF @SoberLook The domestic financing of the fiscal deficit is a fairly recen…

Last year, balance sheet strength seemed to matter relatively little to equity valuation. The March 2020 COVID shock put paid to that complacency and split corporate America. Data from @SoberLook https://t.co/CG1qc5F5hy

RT @njtmulder: It's striking the phrase "you can't make an omelet without breaking eggs" is associated mostly with Stalinism, given its use…

South Africa’s economy is ailing, deficit is huge, debt has been downgraded to junk. BUT S Africa borrows in its own currency and its deficits are overwhelmingly financed domestically by banks, insurance, local pension funds etc @IIF @elinaribakova @BHilgenstockIIF via @SoberLook https://t.co/rG70ZrBJQP

Love Bonneuil & Fressoz Shock of Anthropocene in part because it is SUCH a French book. Not just Anthropocene = Anglocene. But Geopower – Foucault Society in Nature/Nature in Society – Latour Regimes of Historicity – Hartog Regimes of justification – Boltanski & Thevenot. https://t.co/iVrVzsZ433

Trump admin appears not to have a LatAm policy. Biden was Obama’s point man for region making 16 trips during his time in WH. He offers partnership to fight coronavirus, promote green investment and deepen economic ties. Devil in details, but … ft.com/content/441d00… https://t.co/5Fu6Y5wZ9f