In 2009 86% of Americans said the economy was the nations’s most important problem. Makes sense. Today only 12% do! You could add 35 % who put COVID top. Gotta say, I find this hard to compute. @GallupNews news.gallup.com/poll/1675/most… https://t.co/4vP7ZtT5aT
RT @RBReich: Your reminder that the richest 1 percent own half of the stock market, and the richest 10 percent own almost all (92 percent)…
Covid is above all a disease of cities. Concentrated where population and economic activity are. Across US, wherever population is dense, mobility is still 20-30% down on pre-crisis levels. Plainly visible in NYC. @GoldmanSachs https://t.co/djYTc0dnaZ
"A raft of metrics show Turkey is becoming increasingly isolated from other emerging markets.” Reserves draining Policy rate deeply negative. -> investors treat it like a special case. bloomberg.com/news/articles/… https://t.co/6rLiqTFTZm
RT @natterjee: Forgotten effects of the 1973 energy crisis: fresh from their strike against high fuel prices and the new 55 mph interstate…
"Euro positioning remains stretched. If the US elections go smoothly, the euro could take a hit later this year.” – a very 2020 headline! From the indispensable @SoberLook Given headlines out of RNC, "12 more years" etc anyone fancy a punt? https://t.co/pptYXas0L0
US paid benefits to unemployed. Europe tried to keep people in jobs. What would European unemployment rates have been in May without short-time working systems in place? PIMCO estimates spectacular rates. @TomFairless @d_harrison wsj.com/articles/in-th… https://t.co/SlRSaSl6YO
EM monetary expansion in face of COVID crisis is roughly captured by M1 monetary measure. Median is 10.63% v. c. 70% for Turkey. Poland, Bulgaria, Chile, Peru, Argentina all > 20%. bloomberg.com/news/articles/… https://t.co/KMXETPEUsm
Correlation is NOT perfect, but the USD/JPY rate does not move far away from US-JP 10 year real rate differential. @NatixisResearch via @SoberLook thedailyshot.com/2020/08/24/the… https://t.co/aMXwQc5bhm
J.P. Morgan recently boosted its 2020 China growth forecast to 2.5% from 1.3% in April. It is only major economy expected to grow this year -> closing the gap to the US in total GDP as measured in current $ to c. 70%. @WSJecon https://t.co/G82NeLtq14
RT @RajaKorman: @adam_tooze @AndreasSteno @marcmakingsense @M_C_Klein There were a few occasions in 2017-19 when price action following new…
RT @CarloJaeger: @adam_tooze Including the pretty remarkable meeting of Luhmann and Adorno in the restaurant Rhinegold in front of the Fran…
To fully decarbonize its electricity grid, California, on current estimates, is going to need in the order of 50* its current battery capacity to serve peak loads. @meyer_g6 ft.com/content/2c5f76… https://t.co/wjnrmrYFAt
RT @jensmithWSJ: China’s economic gains are easily explained, said Mr. Lardy of the Peterson Institute: “They did a much more effective job…
Yogurt drinks & the 2nd International: How Pavel & Nadezhda Aksel’rod, backed by loans from Kautsky and Bernstein, cured Pavel’s depression and supported themselves in Swiss exile by manufacturing kefir. Amazing thread from @FaithCHillis twitter.com/FaithCHillis/s…
Phase I, still on? Beijing&Washington insist it is. But in August 2020: "The main significance of the trade talks is that they occurred at all” @bobdavis187 @Lingling_Wei update the latest round of the trade story. For the background check out their book. wsj.com/articles/senio… https://t.co/dCwzwI1DvP
EUR/USD >1.20 is painful for Europe. In Aug & Sep 2017 ECB responded by leaking stories to Reuters and Bloomberg every time 1.20 was breached. Given EUR strength, watch out for similar rhetorical intervention from Frankfurt this autumn! @NordeaMarkets e-markets.nordea.com/article/59513/… https://t.co/5StwnZ3PZ4
RT @ummodern: Just did the paper work for my new gig, so a good time to announce the happy news: Very excited to join @HarvardSTS as a pos…
New history of democracy in Germany by @RichterHedwig is out with @CHBeckLiteratur twitter.com/RichterHedwig/…
RT @michaelxpettis: John Maynard Keynes: "Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serio…
RT @RobinBrooksIIF: Japan has always been an outlier among advanced economies given the vast scale of its public debt (red). One question p…
The new type of peaker plant: LS Power’s Gateway battery in San Diego.Most powerful lithium-ion battery in world. When it reaches full strength at end of Aug it will be able to discharge 250 megawatts. California is going to need 15k megawatts. @meyer_g6 https://t.co/0jqHtUQE8e https://t.co/NQg9tPCXRC
In last few days the % of COVID tests coming back positive in S. Korea has quintupled. “Only” to 2.5%. But this is a VERY alarming sign in one of the early success stories. @PantheonMacro via @SoberLook https://t.co/pV6btX8BiL
RT @marcmakingsense: @adam_tooze @JayLeonard @hbkazemi33 @AndreasSteno @M_C_Klein Actually, the hypothesis is fine. It is the evidence tha…
RT @ChadBown: Lighthizer and Mnuchin spoke with Liu He as part of a 6-month checkup on Trump’s trade deal with China. The call comes as Tr…
US v. Europe relative COVID count appeared to be driving Euro up v. USD. If that was the case, what happens when the balance reverses and the European epidemic returns? Asks @AndreasSteno e-markets.nordea.com/article/59513/… https://t.co/2a1Ry3Ayxx
RT @marinamaral2: Geologist Thomas Griffith Taylor and meteorologist Charles Wright in the entrance to an ice grotto during Captain Robert…
@JayLeonard @hbkazemi33 @AndreasSteno @marcmakingsense @M_C_Klein So @AndreasSteno theory about Trump popularity and dollar strength is not getting a lot of love!
August 1870: A young Paul von Hindenburg reports home from Franco-Prussian war that French cavalry are negligible. Infantry are tough and well-disciplined, firing fast and far but without aim. Mitrailleuse have significant impact. twitter.com/Krieg7071/stat…
August 1870: during lull in fighting as forces maneuver for confrontation at Sedan, the Germans improve rail connections enabling evacuation of wounded by rail. twitter.com/Krieg7071/stat…
Will November bring Huawei a reprieve? “A lot of people in the Chinese government are looking at [Joe Biden’s lead in the] Florida polls right now. But long-term thinkers in China understand that the policy space for Biden will be limited as well,” ft.com/content/2c3786… https://t.co/uRrId5ZYBM
RT @Strategy_Bridge: “Working through unsettling, imagined battlefields will assist in rooting out the prejudices, hidden assumptions, and…
RT @StuartElden: Duncan Bell, Dreamworlds of Race: Empire and the Utopian Destiny of Anglo-America – Princeton University Press, August 202…
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