ADAM TOOZE

RT @NicolasGoetzman: Tribune pour Les Echos sur l'importance de la Revue de stratégie de politique monétaire en zone euro et aux Etats-Unis…

"Top 10% of earners owned 87% of U.S. stocks in the first quarter of 2020” Excellent piece by @paulvigna on how Stock Market and “Economy" Seem Disconnected I want to say that this kind of awareness in @WSJ is historically new post-Piketty. Is that right? wsj.com/articles/when-… https://t.co/nia2IVeQuB

New competition to write rules of trade is not protectionism argues @MESandbu in important column: It is, rather, a deeper form of globalisation, where cross-border economic activity is accompanied by cross-border rules to govern it. ft.com/content/a04c18… https://t.co/og8eLFXbhl

Germany’s COVID stimulus is flattered by large share of loan/guarantees etc. But it is large by any measure and this week Berlin decided to keep its foot on the gas. Benoit & @TomFairless wsj.com/articles/germa… https://t.co/ag34ry8h2D

‘With the expectation that we’re moving away from oil, that makes a company like Exxon or the energy complex overall just not as interesting to a lot of investors.’ Matt Hanna, portfolio manager at Summit Global Investments Nice piece by @karen_langley wsj.com/articles/exxon… https://t.co/SlDsLLbmTB

Since 2012 India has risen to become the world’s second largest cellphone market. But it too faces the question. What does a 5G future look like with Huawei cut out? ft.com/content/313833… https://t.co/LzX2FZ98Hk

EXXON’s exit from the Dow Industrial Average is a historic moment: firm was included in index in 1928 as Standard Oil of New Jersey. Now only Chevron left and energy reduced to 2.1% share in S&P500. wsj.com/articles/exxon… https://t.co/iitBF0WxUq

To add to Lebanon’s misery, inflation has rocketed towards 120% yoy. @SoberLook thedailyshot.com/category/the-d… https://t.co/Qu5wC8mP5T

A “hurricane pod” on Isle de Jean Charles. The pods can be used like lifeboats during storms.Credit…Emily Kask for The New York Times nytimes.com/2020/08/26/cli… https://t.co/7uG44tr5TN

Not in a century have European equities been this cheap relative to US stock markets. 2/3 down on their relative standing in 1919. (Obviously somewhat tongue in cheek). @GoldmanSachs via @SoberLook https://t.co/oQeZsKIJw2

French consumer confidence at least as measured by the @InseeFr_News index is a funny beast. Taken at face value it would suggest that 2018 Gilets Jaunes protests delivered bigger shock than COVID lockdowns! @SoberLook thedailyshot.com/category/the-d… https://t.co/BR8UOXex2Z

In 1993 35% of Americans worked for a firm with more than 1000 employees. In 2019 > 40% do. One for @SoberLook ft.com/content/92427a… https://t.co/yBjiw8KGSE

For small businesses in US, the employment data seem to suggest not so much a 90%, as an 80% economy. @PantheonMacro via @SoberLook https://t.co/4vOoH3NCJT

So far, perhaps surprisingly, credit card spending in US has held up past the expiration of $600 UI supplement, even in states with high rates of unemp. @jpmorgan via @SoberLook https://t.co/7exPQt3hIi

RT @bhbradlow: Bolsonaro has shifted his support base in a way that makes him less reliant on credibility from Guedes, so the risk of inter…

In Brazil the argument over spending ceiling that would mandate a severe fiscal contraction is heating up. If lifted will there be political crisis/capital flight? Important test of the relative autonomy that large “credible” EM enjoy. @bryanhimself ft.com/content/638ae6… https://t.co/sZ5mWUjAum

In H1 2020, Germany has recorded its first substantial budget deficit since 2010. @markets via @SoberLook https://t.co/O5hV935gla

In H1 2020, Germany has recorded its first substantial budget deficit since 2010. @markets via @SoberLook https://t.co/kEKiKD9fxi

In June 2020 according to @Conferenceboard data, confidence levels amongst Americans under age of 35 fell to lows not seen since 2011. @SoberLook thedailyshot.com/2020/08/26/con… https://t.co/JfsjtpaCps

As ever, an essential thread by @70sBachchan on the petrochemical complex in the path of #HurricaneLaura twitter.com/70sBachchan/st…

There are 30 million Americans currently receiving unemployment benefit of which only 40% now expect to return to their pre-crisis jobs. @ISABELNET_SA via @SoberLook https://t.co/3Ia3N9qFGQ

The $600 extra unemp benefit payment lapsed 25 July -> $15bn per week is taken out of incomes of some of most vulnerable people at a stroke. @GoldmanSachs via @SoberLook thedailyshot.com/2020/08/26/con… https://t.co/nKgL1AU6dH

RT @mehdirhasan: To be clear: there is no other Western democracy I can think of where armed men in camo and other military-style gear regu…

RT @QuickTake: Cattle ranchers in coastal Texas move livestock as #HurricaneLaura nears landfall https://t.co/6DVlyi92JW

RT @DanHillHistory: The Arras battlefields still hold plenty of reminders of what once happened here. This unexploded artillery shell was o…

RT @bneeditor: 1/ This significant. BYN already dropped to record low (we reported this AM). Ppl are changing into USD partly as anticipate…

RT @M_C_Klein: Ignore Aerospace, and U.S. Manufacturers Had a Good July. Falling Inventories Are a Concern. barrons.com/articles/ignor… <– n…

RT @UliVolz: The shirt. The picture. Wow! Robert Zoellick sets entirely new standards for colour compositions in webinars. 🖌️ https://t.co…

RT @MaxJerneck: @Fullantho @M_C_Klein @NathanTankus @jonsindreu @_Financeguy @JWMason1 @MonaAli_NY_US @AltSpinelli @jeuasommenulle @Daniela…

Men yoked to the plow: First generation of Xinjiang Production and Construction Corp labour “ate bitterness”. beijingcream.com/2014/07/dfxj-t… For the current situation see economist.com/business/2020/… https://t.co/vYKvNX3Tf1

1st phase Franco-Prussian war ends at Sedan. Why was French army so far North & not in front of Paris? MacMahon was attempting to relieve French forces at Metz. Hope was to use Sedan as northern pivot for drive to East. But German forces turn N on 25 Aug and intercept him. https://t.co/NNWuNpcCoH

China’s era of trade surpluses began in 2000. Twenty years on, it is heading towards a record. @SoberLook thedailyshot.com/category/the-d… https://t.co/uXbbZDmd0T

RT @ONS: We’ve seen a drop in the number of girls named Alexa from 332 in 2016 to just 39 in 2019, possibly as a result of the launch of Am…

Aug 25 1870: German forces that are heading for Paris realize that Fr Gen MacMahon is driving NE via Sedan to relieve Metz -> initiate their own Northern turn to intercept him en route. Becomes known as the "Rechtsschwenk" or "right turn". twitter.com/Krieg7071/stat…

Since 2005, negative sentiment towards China has hugely increased in the US: 81% of older Americans are now hostile to China v. 56% of those under age of 29. pewresearch.org/global/2020/07… https://t.co/LY2WytU5wn

Pimco is closing its Emerging Markets Currency and Short-Term Investments Fund after it made significant losses and suffered fund withdrawals. ft.com/content/5075e9… https://t.co/A1rWkj8gAh