ADAM TOOZE

RT @tedfertik: This one really made me do a double take. It is not every day that the Peterson Institute shows up on my feed advertising th…

RT @global_thoughts: “The US is an increasingly anxious, prickly and incoherent hegemon,” writes CGT Member @adam_tooze in a recent piece r…

2020 is going to be be highly significant not just with regard to China v US but China v India as well. @OECD graphic caricatures the reality by focusing only on Q2 2020 (China shock is in Q1) but nevertheless! Look at that contrast. oecd.org/sdd/na/g20-gdp… https://t.co/3VXMqebWvW

Eric Hobsbawm made 1st public appearance at major academic event in 1950 at Intl Congress of Historical Sciences in Paris. He denounced Colin Clark’s work on triumphant march of economic growth as "an example of what not to do in economic history.” nybooks.com/articles/2020/… https://t.co/DWeeEuNYK7

@MacaesBruno And as practioner(s) of that craft it raises questions for all of us 😉

Arriving in 1933 as an orphaned migrant, Hobsbawm acquired “a large and vulgar patriotism for England, which he considered in weak moments as his spiritual home.” Great line in this Mark Mazower piece in @nybooks nybooks.com/articles/2020/… https://t.co/CcT8wylBbK

RT @MacroPru: Exchange Rates and Domestic Credit—Can #Macroprudential Policy Reduce the Link? @IMFNews imf.org/en/Publication… https://t.co…

@MacaesBruno I think it is a document of its moment. As such, I actually recommend it. I meant the line about the mirror seriously.

Do we have a map? Reading Daniel Yergin’s latest left me feeling somewhat introspective about the possibilities of “grand narrative” in the current moment. I did a review in @nytimes nytimes.com/2020/09/15/boo… https://t.co/pcuazgohxJ

In the Opal Fields of Australia, the line between Mad Max (left) and actual industrial relics (right) is pretty thin! passportandpixels.com/digging-opals-… https://t.co/r0mJiodDlR

Historians could usefully borrow vocabulary from mining: Fossicking = searching for gold for non-commercial purposes in abandoned workings Noodling: sifting through rejected mullock heaps for small pieces of precious opal inadvertently discarded by miners en.wikipedia.org/wiki/Fossicking https://t.co/F0mD9vBkeQ

Avian Reservoirs: Virus Hunters and Birdwatchers in Chinese Sentinel Posts (Experimental Futures) Frederick Keck Looking forward to reading this!!!!! amazon.com/gp/product/147… https://t.co/fNjMQZOT2y

Historians could usefully borrow vocabulary from mining: Fossicking = searching for gold for non-commercial purposes in abandoned workings Noddling: sifting through rejected mullock heaps for small pieces of precious opal inadvertently discarded by miners en.wikipedia.org/wiki/Fossicking https://t.co/OZf0tUUrk1

RT @GaraviniG: @adam_tooze on Daniel Yergin's latest energy book: "The result is a history without a center". Hard to write coherently in…

RT @Columbia_MF: « Crise » : tel est donc le nom généralement admis pour ce que nous sommes en train de vivre… Join @etiennebalibar , @a…

In August 2020 consumption in China finally inched above 2019 levels. Strong growth for smartphones, cosmetics, cars! bloomberg.com/news/articles/… https://t.co/ET8WoHoFuD

"a cluey reader fossicking through the details of Avian reservoirs” I just learned two new words in a single sentence! Cluey – obvious, but new to me. Fossicking = Australian English for rummaging or prospecting for gold in abandoned workings! eth.mpg.de/5481940/blog_2… https://t.co/QeIIoPyAyl

In 1826, amidst turmoil of early industrial revolution in Britain, the theologian and economist Thomas Chalmers recommended political economy as ‘a sedative to all sorts of turbulence and disorder’. From Maxine Berg, The Machinery Question https://t.co/SVJopq9KSx

Grand historical narratives were an important strand in braid of "actually existing neoliberalism”. No storyteller was more important than Daniel Yergin (The Prize, Commanding Heights). So, where is his head at now? A review of "The New Map" for @nytimes nytimes.com/2020/09/15/boo… https://t.co/yWUN8vQ7mg

Despite COVID19, UK universities are seeing a record number of foreign students (from outside EU) who have gained places on bases of adjusted A-level results. ft.com/content/8f3ab8… https://t.co/IgykyWtX4M

“We expect recovery in oil demand to decelerate markedly in H2 2020, with most of the easy gains already achieved. The path ahead is treacherous amid surging Covid-19 cases in many parts of the world.” @IEA Teleworking has hit commuter demand hard! bloomberg.com/news/articles/… https://t.co/hk5fDBfVgr

The Role of Bonds in a New Era of Low Yields …. PIMCO feels it needs to explain. bloomberg.com/news/newslette… https://t.co/sCWC0LoOIX

Four times worse than 2009: For the G20 area as a whole, GDP dropped by a record (minus) 6.9%, significantly larger than the (minus) 1.6% recorded in the first quarter of 2009 at the height of the financial crisis. @OECD oecd.org/sdd/na/g20-gdp… https://t.co/lcJMPXkcoU

How does Daniel Yergin, the grand narrator of The Prize & the Commanding Heights, adjust to the bedlam of 2020? I did a review of his latest, The New Map, for the @nytimes nytimes.com/2020/09/15/boo… https://t.co/0YNBRovzuL

RT @TopcuogluLale: @adam_tooze @KathyJones It’s misleading to label 144a as safe – a specific ex mentioned article but beauty is in the eye…

In August China’s consumer spending finally inched above its equivalent 2019 levels v. industrial production which is 5.6% up yoy. But this is hardly enough to drive a global recovery. bloomberg.com/news/articles/… https://t.co/R9sy7IgGoB

The Fed can keep going: If Stanley Fischer says so ….! bloomberg.com/news/articles/… https://t.co/PdIQs4s3tF

Yield-chasing investors love well secured HY corporate debt. But 72 % new issuance in 2020 is 144A = privately placed -> limited to "qualified institutional buyers”. QIBs must have at least $100m of aum -> retail excluded from what are safest HY assets. ft.com/content/5117f3… https://t.co/UubeHivMaW

Yardeni coined the term “bond vigilantes” in the early 1980s = investors who exert power over Govs by selling their bonds, or merely threatening to. Now dominant presence in markets is Fed, a kind of ANTI-vigilante, which does opposite of all those things. bloomberg.com/news/articles/… https://t.co/EmVDsbwlwx

In a year where Federal government spending surged, low yields means that one part of US government spending that went down was "net interest payments" bloomberg.com/news/articles/… https://t.co/7WCWs5R9na

Germany has more pressing concerns than Brexit There is a world of rogue powers with an animus against the EU to deal with first @gideonrachman Brilliant cartoon reminds one of 2015, except that UK has lower priority than Greece in 2015 because not euro. ft.com/content/e9b7b1… https://t.co/63g9Z559YQ

As yields in $20 trillion U.S. Treasury market plunge to record lows -> share of GDP that has to be redistributed in interest payments is falling to record lows. bloomberg.com/news/articles/… https://t.co/AeBGjurhgQ

Millions of homeowners in USA are falling behind with mortgage payments. Quilll Intelligence via @SoberLook https://t.co/kyXumY5NFi

Economists warn of US ‘wasteland’ without stimulus deal. Alan Blinder, former Fed vice-chair, says ‘you’re really playing with fire’ if state and local governments have to cut spending ft.com/content/7f24c3… https://t.co/CxvflQqURR

In 1914, the British Expeditionary Force in France had only 827 motor vehicles; by the end of the war, it had 56,000 lorries, 23,000 cars and 34,000 motorbikes. Yergin, The Prize. https://t.co/QAtiUPEs5q

RT @Shazmataz141: Just in case people don't understand how massive these fires are, here is our sky at 4:50 pm in winnipeg. That is smoke f…