ADAM TOOZE

29 June 2018 fastest ever lap on Nürburgring Nordschleife: Extraordinary to watch. Top speed. 369 km/h. Porsche 919 Hybrid Evo. At any prior moment in history, in any other vehicle, Timo Bernhard would have died doing this. youtube.com/watch?v=KsLi7H… https://t.co/Ym1r76IWl5

This is a really lucid read on the Treasury market. Highly recommended especially for non-specialists and I mean that as a compliment. Wonderful finance writing from @LynAldenContact twitter.com/FreedomGeoFin/…

“Now when we look at Stevenage ….” Surreal automatic writing? No: the concrete realization of the universal ideal of the uninterrupted flow of people, bicycles and cars … just in case you were wondering! Vintage stuff this. twitter.com/adam_tooze/sta…

RT @MobyDickatSea: Some men die at ebb tide; some at low water; some at the full of the flood

Mr Xi is not simply inflating state at expense of private sector. Rather, he is presiding over what he hopes will be a more muscular form of state capitalism. More market for SOE and more party for privates. economist.com/briefing/2020/… https://t.co/6RaNzXxPmY

Given all the talk right now about the future of the $, some historical perspective is useful. This is indexed to Aug 2011 post-crisis low point of $. Relative to AE: on plateau since 2016. V. EM: 2020 surge has not been reversed. @IIF @RobinBrooksIIF @Brad_Setser @SoberLook https://t.co/JS09XsG4lF

The collapse in real yields since early 2020 is driven by implosion in Treasury yields NOT rise in inflation expectation. @meremortenlund via @SoberLook https://t.co/bByTNDTMjc

The track of Fed fund futures: spring of 2019 break in face of trade wars is clearly visible. Followed by collapse in February and collapse to zero in March. @MorningstarInc via @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/HWuswOvhAE

Spending cuts by state and local governments grappling with the coronavirus pandemic pose a headwind to the U.S. economic recovery wsj.com/articles/coron… https://t.co/VUMZjfOtVW

RT @CyrilPedia: "But being a custodian of a dead religion still means you have a job." Great interview with @adam_tooze https://t.co/1LF…

Boosted by higher gold prices, Russia’s F/X and gold reserves exceeded $600 billion for the first time. Since 2008 this reserve has been foundation of Russian strategic autonomy. Will it prove itself again in 2020? https://t.co/uvqLsCdVD3

1974 pedal power documentary …. It will be chiefly due to the shortage of oil … the bicycle will still be going when the luxurious motor car is remembered by pictures in children’s history books. twitter.com/Jderbyshire/st…

Nearly 400 of the 3,900 companies listed on stock exchanges in mainland China paid homage to the Communist Party and Xi Jinping thought in their annual reports this year. Huge increase since 2017. economist.com/briefing/2020/… https://t.co/xm8s1yLBMb

RT @rortybomb: Reminder that our notion of communications privacy from government surveillance comes not from high-minded legal theory but…

RT @RobinBrooksIIF: Campaign against Nonsense Output Gaps (CANOO): consensus gaps for Spain before COVID-19 said GDP was above potential &…

RT @RobinBrooksIIF: We're skeptical of the narrative that it's Turkish residents driving Lira weakness. Turkey is the only EM where foreign…

The EM outflows may have halted but the money is not coming back. twitter.com/RobinBrooksIIF…

RT @TankerTrackers: Situation just went from bad to worse yesterday in Mauritius as the hull of the WAKASHIO snapped like a twig. These pho…

RT @annamaria_84: #MauritiusOilSpill #MauritiusOilDisaster 😢 twitter.com/guillaumegouge…

Boosted by higher gold prices, Russia’s F/X and gold reserves have broken $600 billion for the first time. Key to Putin’s strategic autonomy since the first clash with NATO over Georgia in 2008. @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/MIbV5tLeSC

The prospects for India’s recovery are overshadowed by the profound weakness in its banking system. The pain on the balance sheet will only get worse post COVID. @TheTerminal via @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/7aB0ODbjOl

Indian inflation remains stubbornly high at around almost 7 percent. @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/3bv88WtRJT

The surge in the euro v. The dollar is supported by narrowing yield differential btw Germany and US. @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/u00MCtoUpD

In Q2 2020 Software, tech equip, R&D overtook structures, industrial equip, transportation equip as a share of US capital expenditure. @NancyRLazar1 via @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/IuHQxjutji

In May, the St. Louis Fed estimated a 75% likelihood of deflation. Since then the probability has receded and not only that serious money is worrying about inflation. thedailyshot.com/2020/08/14/ame… https://t.co/V5aLGfSqWu

In 2019, EVs represented less than 2 percent of new car sales in US. Some 189 zip codes— 0.2 percent of the 43,000 in the country— represent 25 percent of EV sales, and all are in California. theicct.org/publications/s… https://t.co/iUWUANTE1b

The prospects for India’s recovery are overshadowed by the profound weakness in its banking system. The pain on the balance sheet will only get worse post COVID. @TheTerminal via @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/qh3UqznYSv

Indian inflation remains stubbornly high at around almost 7 percent. @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/X3rVXT6cod

The surge in the euro v. The dollar is supported by narrowing yield differential btw Germany and US. @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/VJpCCKVoVd

RT @NeinQuarterly: 2019 called. It wants its woefully optimistic vision of a dystopian future back.

In Q2 2020 Software, tech equip, R&D overtook structures, industrial equip, transportation equip as a share of US capital expenditure. @NancyRLazar1 via @SoberLook thedailyshot.com/2020/08/14/ame… https://t.co/E5oOFDQ5LZ

Goldman Sachs on Gold and the $ – does anyone have a copy of the report that Jeffrey Currie was fronting in late July by @GoldmanSachs ? Cant seem to find it on their research website. Much obliged! marketwatch.com/story/goldman-… https://t.co/q45lNJqQCB

RT @kolsaw: Underreported: African countries collectively pass 1 million confirmed coronavirus cases, but true number is far more. This pan…

RT @teasri: In thinking about US state capacity, I think Joel Migdal's framing is useful. He of course created this from the third world. h…

Was struck recently by way folks are trying to work “grand theories” of EU integration around last decade – neofunctionalism, intergovernmentalism, postfunctionalism. Thought I would have a go applying those terms to the COVID crisis for @ForeignPolicy foreignpolicy.com/2020/08/07/mer… https://t.co/xl5nPiglTG

@M_C_Klein OH I think you would be FANTASTIC at it … seriously!