ADAM TOOZE

From a window-sill of the mayoral office in Paris Leon Gambetta proclaims the French Republic and a government of national unity. Gambetta will serve as war and interior minister. twitter.com/Krieg7071/stat…

RT @Krieg7071: Anders als #JulesFavre ist #LéonGambetta ein Radikaler. In der 'Regierung der Nationalen Einheit' wird er Kriegs- und Innen…

Aug 4 1870: after humiliating defeat of Napoleon III at Sedan, Paris is in uproar. Red flags are waving. Statues and the omnipresent "N" symbols are being attacked. twitter.com/Krieg7071/stat…

"Michele Della Vigna, analyst at Goldman Sachs, said that “for a pure-play oil exploration and production company today, it becomes almost impossible to finance new long-term big oil projects”.” ft.com/content/38d0da…

JP Morgan leads Western banks with exposure to fossil fuel companies. ft.com/content/38d0da… https://t.co/OylIk2QyzL

The world’s 35 biggest banks have lent and underwritten $2.7tn to oil, gas and coal companies since the 2015 Paris climate agreement, according to the Rainforest Action Network. ft.com/content/38d0da… https://t.co/LM6F0xqxn7

Honduras and El Salvador rely on remittances for at least 20% of their GDP. Covid has delivered a devastating blow. @pewresearch pewresearch.org/fact-tank/ https://t.co/q84GwZKLAK

The US needs to take seriously the huge damage that the COVID crisis, lockdowns, unemployment and loss of remittances are doing to Central American neighbors which are major sources of immigration. @pewresearch pewresearch.org/fact-tank/ https://t.co/GSz6Qo34K6

RT @calculatedrisk: Comments on August Employment Report calculatedriskblog.com/2020/09/commen… In August, the number of permanent job losers increased sh…

Uniformly across practically all major economies there has been a deterioration in public assessment of economic conditions. @pewresearch pewresearch.org/fact-tank/2020… https://t.co/2ysFQ8VZSv

As a result of COVID crisis the share of 18-24 year olds living with their parents in the US leapt from 63 to 71%. Confirms existing trends & intensifies experience of prolonged inter-generational cohabitation. @pewresearch pewresearch.org/fact-tank/2020… https://t.co/nT7mkkPd4j

Low petrol prices in the US are a political choice. Only c. 20% of final price is made up of tax. Huge difference to Europe. Data from @EIAgov via @SoberLook https://t.co/auXx2UPwGm

This is extraordinary testimony to the destablization of political authority. Corporations doing it for themselves. Question: did initiative come from pharma? Any possibility that asset management heavyweights had a hand in this? In April they were calling for patent pooling. twitter.com/Anthony/status…

@_John_Handel Its an incredible thread. Love the material reality of it!

RT @_John_Handel: @adam_tooze Thanks for the retweet Adam! Just trying to do my best "Patrick Joyce meets financial markets" impression.

This is a very cool thread on early telegraph technology and the London Stock Exchange by @_John_Handel twitter.com/_John_Handel/s…

When Trump plays to the vigilante base of his support he may have been reading the kind of results produced by Larry Bartels in Jan 2020: 42% of Republicans believe that "a time may come when they have to take the law into their own hands"! pnas.org/content/early/… https://t.co/Lm0KD5uVMr

Already in Jan 2020 50% of Republicans & Rep-leaning agreed that “the traditional American way of life is disappearing so fast that we may have to use force to save it.” A quarter strongly agreed. Disturbing but plausible results by Larry Bartels. pnas.org/content/early/… https://t.co/XOSil18foF

52 % of young adults in the US are currently living with their parents. Highest number on record v. 29% in 1960s. Massively intensified previous trend towards prolonged multi-generational living! H/t @MxSba @pewresearch pewresearch.org/fact-tank/2020… https://t.co/gEDL7f83dl

Even allowing for hedging costs, Indonesia offers very attractive carry trade opportunities. @ANZ_Research via @SoberLook https://t.co/Mzxk2wAOTj

Turkey’s inflation spike after 2018 was remarkable. @SoberLook https://t.co/lRuYHCYwo6

Direct US government payments could account for almost 40% of net farm income this year. Data from @N_Kauffman via @SoberLook https://t.co/86caYPuDYf

Production of lumber in North America is showing signs of responding to surging prices. @scotiabank via @SoberLook https://t.co/b8aFamNH3g

If Navalny poisoning has done one thing in Germany, it is to highlight @n_roettgen distinctive position in CDU leadership race. He demands withdrawal from Nordstream 2 = only substantive policy proposal in the entire CDU succession campaign @EuroBriefing eurointelligence.com/public/ https://t.co/X25lJSXBtr

Rise of Woman Gun Owners in US – share of American women owning guns rose from 13% in 2005 to 23% in 2020 = c. 12m people. In 2017 NRA hosted a “concealed-carry fashion show” in Milwaukee, Wis in name of “firearm feminism”. americas1stfreedom.org/articles/2020/… https://t.co/EuSE3gQO8V

France has a €100bn 4% GDP plan to relaunch its economy post COVID: big investments in green energy and transport as well as industrial innovation. Unlike Germany’s €130bn plan, French focus is on investment rather than demand stimulus. @VJMallet ft.com/content/0921c8… https://t.co/SoWmzlWMAv

“Pfizer last year had its 170th anniversary. It’s a long institution and I don’t plan to reduce its reputation in a year or two,” CEO Albert Bourla, rejecting idea of rushing vaccine. Not clear Trump admin takes same view of FDA or CDC. ft.com/content/1a91c8… https://t.co/5Ttmbz9xB7

RT @rgpoulussen: #OTD in 1945, Spitsbergen. Forgotten. 🙁 The last of German forces surrender, crew of weather station "Haudegen". #WW2 #HIS…

July 2020 the year in which @NSSF is celebrating diversity of gun ownership in the US: organizations like Black Guns Matter @blkgunsmattr National African American Gun Association @naaganational And fact that 23% of US women identify as gun owners. nssf.org/diversity-in-g… https://t.co/HoHqyv4pTU

"It seems grimly appropriate that 1st EU commissioner for foresight took office just weeks before COVID upended the world. It hammered home the point of Maros Sefcovic’s job: to make EU better at dealing with big emerging threats.” @Mikepeeljourno ft.com/content/806f94… https://t.co/eZIKpFCqAd

Smith & Wesson boss says US gun sales boom is ‘unparalleled’ Doubles firearms revenues amid civil unrest. Background checks processed by the FBI — used as a gauge of US gun sales — are on pace to surpass the record high of 28.4m set last year @MatthewRocco ft.com/content/3d4eb7… https://t.co/r3871RsogB

RT @toddgitlin: 'When historians look back on our pandemic-stricken times, there will be one indelible image that captures the attention o…

Did slope of Phillips curve fall 20 years ago? Or is the curve nonlinear when inflation is low -> age of moderation appears to dissolve the relationship, which may become a real trade-off again, if inflation ever picks up. @GagnonMacro @chrisgcollins1 piie.com/system/files/d… https://t.co/n48wi7AKEO

Collateral re-use was a major driver of credit expansion prior to 2008 crisis as Manmohan Singh showed. Since then velocity of collateral circulation has been in recession. Could blockchain technologies revive circulation of collateral? ftalphaville.ft.com/2020/09/03/159… https://t.co/Nj8bSvGBJ8

In 2014 Janet Yellen spoke about using multi-dimensional labor market dashboard to determine labor market slack. But FOMC continued to treat reduced participation rate as structural -> raised rates. Nevertheless, by 2019 participation was rising @AdamPosen asia.nikkei.com/Opinion/Centra… https://t.co/EWuwYBxB7t

"Eighty-plus percent of central banks around the world do not even have an employment goal included as part of their mandates”. Data by @BIS_org It is time to change that argues @AdamPosen asia.nikkei.com/Opinion/Centra… https://t.co/da73iNS8GS