ADAM TOOZE

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/NYKMuuFw2l

RT @simontorracinta: is there a more defining document of 1990s End of History? twitter.com/BrianHartPR/st…

@CarloJaeger @heimbergecon Suggests interesting reflections on quality of our current crisis and this trying to manage it!

A brief history of cargo pants, the military’s greatest fashion contribution: "The earliest iteration of the cargo pant was the pocketed trouser-type worn in the 1930s by British soldiers in battledress, according to author Brian Jewell.”militarytimes.com/off-duty/milit… https://t.co/TDXAyyI98y

PanEur1970s Looking West: the European Socialist regimes facing pan-European cooperation and EC. Very interesting historical appraisal of the late Socialist élites’ views of their countries’ place and prospects in Europe. H/t @RomanoAnge paneur1970s.eui.eu https://t.co/qTwwhM6ebI

Sraffa and Italy’s economic crisis of the 1970s. Not had time to process this yet, and fear I will disagree, but just wanted to register my fascination with this giant blogpost by Gerald Braunberger. H/t @KeineWunder blogs.faz.net/fazit/2020/09/… https://t.co/T0qEoflhCR

Nordstream 2 gas pipeline is not just a political & strategic liability. Half of €9.5bn cost was funded by loans from Royal Dutch Shell, Austria’s OMV, Engie of France and German groups Uniper and Wintershall. They now have financial questions to answer. ft.com/content/2c713b… https://t.co/DA17jrBAoU

RT @jaylyall_red5: "After much analysis, the scientists assert that something now alive is the only explanation for the chemical’s source."…

RT @jvtklooster: New chapter on central bank independence, mandates and democracy for The Cambridge Handbook of Constitutional Theory (3 vo…

"The bad news: in each scenario other than a Biden landslide, we ended up with a constitutional crisis … featuring violence in the streets and a severely disrupted administrative transition.” What happened when @nils_gilman et al gamed the 2020 transition the-american-interest.com/2020/08/06/get… https://t.co/QBbjDKhQTD

Big dollop of fascinating financial mapping from @i_aldasoro @hwenqian Esti Kemp at @BIS_org Beautiful charts! twitter.com/i_aldasoro/sta…

Unanticipated inflation exacted a heavy toll on investors in UK government debt in the 1960s and 1970s. bankofengland.co.uk/-/media/boe/fi… https://t.co/qWLasY9zGQ

RT @yayitsrob: Wow. There are about 300,000 seafarers worldwide stuck on their ships because COVID-19 rules forbid them from coming ashore.…

"In the sweep of economic history, this is a very important change.” @gavyndavies on the Fed’s policy regime shift of August 2020: ft.com/content/facfe2… I tried to assemble some of the rest of the map here: adamtooze.com/2020/09/09/the… https://t.co/JNOXkunTOu

RT @vol_christopher: Vol markets value the US election as a massive binary risk event that occurs at one point-in-time (like earnings in a…

RT @fwred: ECB: no complacency, but no sense of urgency either. https://t.co/oKkT7Voeb1

RT @rortybomb: Twitter isn't ready for this yet, but in March wealth tried executing a "capital strike" against the real economy. They were…

“Next subprime crisis could be in food. If trade financing & price hedging are out of reach for small & midsized farmers, everyone may suffer.” Unexpected & a little far-fetched perhaps? Magnitudes don’t seem right. But very interesting from @RanaForoohar ft.com/content/ad2cf2… https://t.co/5wydmrLTNs

Since the 1990s changes in real bond yields are tightly correlated across developed economies. @bankofengland bankofengland.co.uk/-/media/boe/fi… https://t.co/vVELZQHsdg

RT @yayitsrob: Wow. There are about 300,000 seafarers worldwide stuck on their ships because COVID-19 rules forbid them from coming ashore.…

RT @DanielaGabor: wonder if he still endorses the Faustian take on monetary financing the sovereign. Or the super-narrow interpretation o…

RT @bhbradlow: Is it true that this pandemic is exposing a crisis of faith in democracy? Or is it a crisis of faith in government? 1/

RT @rortybomb: you: corporate QE is a trillion dollar slush fund, free money for corporations me: it probably just reduced spreads 15-30bp…

A democratic politics of money and central banking is a priority for progress, as @DezernatZ and friends argued in their recent report: dezernatzukunft.org/wp-content/upl… In this piece in @socialeurope I weigh the question of currency politics. socialeurope.eu/the-politics-o… https://t.co/SFRJXwn5Kq

On Wednesday Jens Weidmann will be at the Finance Cttee of German Bundestag. An occasion to open up questions about central banks and democracy! twitter.com/DezernatZ/stat…

Refusal to classify seafarers as essential workers (the folks who move 90% of world trade) -> Transport Workers’ Federation (ITF) says there are about 300,000 seafarers trapped aboard vessels unable to disembark = TRAVESTY! Highlighted by @Fidelity ft.com/content/5ee800… https://t.co/YQjNS3OrP2

Cathay Pacific and Cathay Dragon carried 35,773 passengers in August, down 98.8 %. Burning cash at rate of c. $194m per month -> moves 40 % of fleet into storage. expects a “long and uncertain road to recovery”. ft.com/content/e74a34… https://t.co/nFyO1myZtS

Commodity trading has become a regular source of scandal and Singapore is one of the big hubs. European banks want out of the business. A list of Singapore scandals: ft.com/content/a61cb8… https://t.co/Rrk7EIiLSd

Zombie army: Share of US companies whose operating profits falll short of the interest needed to pay their lenders has risen back to all time highs of early 2000s. @JARennison ft.com/content/e74a34… https://t.co/U1ilwL5Vi9

In the late 1970s, Dornier GmbH developed a new kind of wing, the TNT (Tragflügel neuer Technologie – Aerofoil new technology), subsidized by the German Government -> Do228 utility aircraft part manufactured in India! twitter.com/AirRecognition…

RT @myrobita: Amazing photos of “#Uzbekistan 100 years ago” taken by the Soviet photographer Ivan Panov in 1929. Tashkent streets, square,…

You might think that central bankers, pledged to maintain stable value of money, would talk about exchange rates all the time. They dont. Why? Learning not to do so = key to broader neolib project of depoliticization/neutralization. Piece for @socialeurope socialeurope.eu/the-politics-o… https://t.co/jg6coUeHoE

RT @i_aldasoro: Check out our new article on "Cross-border links between banks and non-bank financial institutions" in the September issue…

RT @JonathanBoff: Everything you wanted to know about Britain in the Second World War and were afraid to ask. https://t.co/jjbvmlFSK8

One of these advanced economies is not like the others: percentage of employees on Job Retention Schemes During COVID Lockdown @bankofengland data for @SoberLook bankofengland.co.uk/-/media/boe/fi… https://t.co/2MnrYZ2HOq

RT @doberah: Lovely German story… on a chicken slaughtered 105 years ago. The author's family opted then not to eat it right away but to…