ADAM TOOZE

Brazil’s real policy interest rate is now negative = lower than prior to temper tantrum in 2013. @GoldmanSachs via @SoberLook https://t.co/1MjpOQqgVo

Revision of @OECD growth forecasts for 2020 is v. interesting. In general they are better. In China & US case much better. Exception is India, which is increasingly looking like an economic disaster. Epidemic gathering momentum. @SoberLook https://t.co/Xt5VnI3DlW

Intermittent school closures aren’t necessarily bad news for credit investors … Yup. You read correctly. Why is @PIMCO interested in schools? How do schools have credit ratings? Well they borrow and then folks buy the debt … and, well, you have to read the piece! twitter.com/PIMCO/status/1…

WTO ruling on China tariffs – claiming right to arbitrate, declaring them discriminatory & disproportionate – sparks anger in Washington. World left wondering if, Trump will act on his threats to withdraw from WTO altogether. But Canada gets reprieve. ft.com/content/70ca78… https://t.co/ovhutrjtjm

RT @AestheticaMag: Clemens Ascher’s surreal, candy-coloured compositions are more than what first meets the eye – exploring ideas of aliena…

RT @sovietvisuals: Rehearsal before performance. Photo by Patrick Murphy, Moscow, USSR, 1984 https://t.co/gXAnLEL5Fn

How to Map a “Monster”? Reviewing Yergin’s “The New Map” for @nytimes leave me wondering about problem I was wrestling with in @guardian : how to wrap our heads around global monetary system right now. adamtooze.com/2020/09/15/dan… adamtooze.com/2020/09/09/the… https://t.co/f5pZx5FrKd

RT @MaxCRoser: More important than the rate of tests is whether testing is appropriate for the size of the outbreak in a country – this can…

RT @HarveyMurenow: @adam_tooze Also Linda Clarke's recently republished book: taylorfrancis.com/books/97802033…

RT @MacroCharts: Incredible stat from Bloomberg: "This year’s gap between $SPX best/worst sectors is unusually wide. TECH is up +27% and i…

If you buy an EM equity index. you are buying a portfolio dominated, 42%, by Chinese equity. In 2000 share would have been 5%. thedailyshot.com/2020/09/14/res… https://t.co/8pPIxKqUwx

More than 1,200 Indians died from coronavirus in the past day -> death toll 82,000. Confirmed infections = 5m, adding 90k per day. Schools remain shut, and the country’s 270m schoolchildren have little prospect of returning to the classroom any time soon. ft.com/content/edf008… https://t.co/e7penqs8Lj

The last twenty years of growth in EME has not been simply a story of piling up capital. There WAS modest TFP growth too. These are GDP-weighted averages so China is both included and properly balanced. worldbank.org/en/research/pu… https://t.co/IFynZ4yqTl

RT @Aidan_Regan: Interested in European political economy? This is the syllabus to my updated Autumn 2020 course. docs.google.com/document/d/16q……

The 10yr spread between China and the US hit a multi-year high. Expect this to drive continuing flow of foreign funds into China’s bond markets despite mounting tension with the US. thedailyshot.com/2020/09/14/res… https://t.co/Zt6uk9kzlb

Productivity isn’t everything, but in the long run it is almost everything. Paul Krugman (1990) And even before COVID the last 10 years had not been great! worldbank.org/en/research/pu… https://t.co/23RRZ9xYXu

Keck and Lakoff’s books grew out of the same research project on biosecurity at Berkeley, initiated in the wake of 9/11: Avian Reservoirs: Virus Hunters and Birdwatchers in Chinese Sentinel Posts Unprepared: Global Health in a Time of Emergency https://t.co/moLW6llWuy

"Doing the job that liberalism is no longer able to …" That passage from @davies_will still rattling around in my head. twitter.com/adam_tooze/sta…

The EV transition is happening! In Euro Area hybrids now account for 30% of new passenger car registrations. Diesel share has plunged from 70% to 30%. thedailyshot.com/2020/09/14/res… https://t.co/Iptw6xM9d7

Industrial opal “noodling” equipment … ie sifting old mine workings for precious stones that were missed. passportandpixels.com/digging-opals-… https://t.co/ECKLSCVYOy

Global copper prices currently reflect China’s demand. Well off peaks. But Green energy transition requires electrification -> massive surge in copper demand that will require capacity expansion. Prices likely to rise. @bcaresearch via @SoberLook https://t.co/xUkUF7DAsm

Minus 0.0005%: In September 2020 the UK was selling 6-month Treasury bills at negative yields for first time. @business via @SoberLook bloomberg.com/news/articles/… https://t.co/iEC3gfkUhm

That dude is being lowered down that shaft: Opal mining in Australia is a hands on business! passportandpixels.com/digging-opals-… https://t.co/7EbJYAbkIC

Right now it is less useful to be speculating about end of $ hegemony than it is to figure out how patchwork of new central bank policies meshes. One possible pressure point is the temptation for CB to implicitly target exchange rates. I did two pieces adamtooze.com https://t.co/YCyqqEu00b

Considering its enduring size and obvious importance, the construction industry is one of the industries for which we lack a large in-depth historical literature. Was delighted to stumble on this. https://t.co/TK08RSSn8M

RT @SCMPNews: A huge chunk of ice – nearly twice the size of Manhattan – has broken off the Arctic's largest remaining ice shelf https://t.…

In July 63% of Eurozone CPI components were declining MoM. thedailyshot.com/2020/09/14/res… https://t.co/cCd9COrvfn

At height of lockdown, Indian industrial production was down 57%. @SoberLook thedailyshot.com/2020/09/14/res… https://t.co/oCUKmZR7bc

RT @maxinefowe: Following Covid-19, the global economy is likely to be faced with #deflation rather than #inflation. A problem that calls f…

RT @RajaKorman: @adam_tooze Re: more recent controversies—In some ways France’s fiscal & c/a behavior and the size of its GSIBs suggests it…

RT @TheEconomist: If schools in Latin America stay closed for seven months from March this year, and governments fail to compensate, lifeti…

@AlanSmithee1987 They should seek solace in reading folks to the left of center. Much less candy coating there!

With no one working from the office, prices of mens suits are plunging in the US. @SoberLook https://t.co/zKOzlHV6bQ

RT @LuShultz: @adam_tooze "In the short period b/w 1848 and 1875, the world was conquered by a relatively small army composed not of soldie…

RT @GretchenTG: Just so I'm being honest. #SciMomJourneys https://t.co/4yZMKtVxwP

RT @RajaKorman: @adam_tooze The piece retweeted above contains this amazing chart. https://t.co/bRVWTVmm02