ADAM TOOZE

@dlondonnyu @EricLevitz @davidshor HI … for my own reasons … the sooner the better 😉

Despite the dramatic pressure their currencies were under earlier in 2020, major EM central banks have continued to ease rates. Assisted by Fed largesse. Data @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/oiWnRmFFuq

@dlondonnyu @EricLevitz @davidshor VERY cool project. That stuff is so fascinating and far too little known. With all the excitement right now about political/social theory and money, we need more on the fiscal state. Closely linked, of course.

@realKunalAShah @Birdyword Yeah I was a bit surprised too. But @Birdyword is on the ball …

@dlondonnyu @EricLevitz @davidshor Truly @EricLevitz is VERY interesting to talk to. Do follow and read his work.

Talking about history and what Ulrich Beck called "2nd modernity" or (with Giddens and Scott Lash) "reflexive modernity" with the very interesting @EricLevitz twitter.com/EricLevitz/sta…

Foreign ownership of US corporate bond market has risen from 17% to 27% since 2000 despite the dollar first falling and then rising. @SoberLook juxtapose this to @Birdyword piece on Japanese purchases. Are hedging costs key? Or is this a secular trend? https://t.co/mr9epWPlzu

Everything about current financial market situation makes more sense when you realize that tech surge -> FAANMG stocks are now worth $7 trillion – more than financials, energy, industrial, materials combined @VincentDeluard via @SoberLook combined.https://t.co/TkGN3sKUJS https://t.co/jx5uwi95IN

On field of Wörth/Fröschweiler, after first really costly battle of the Franco-Prussian war, German troops & conscripted locals buried the dead. Heat and stench are terrible. No time for proper ceremonies. French & Germans mixed together in layers in shallow graves. twitter.com/Krieg7071/stat…

RT @jasonfurman: Really helpful updated estimates on the impact of different UI policies on consumption and replacement rates from the team…

RT @jasonfurman: Always worth watching the labor market flows (these are not in the main release). Last month 3.5m people went from employe…

RT @hshierholz: We added 1.8 million jobs in July, but our jobs level remains in absolute crisis—we lost so many jobs in March and April th…

RT @JustinWolfers: Want to know how the economic recovery will proceed? That's easy. It all depends on the virus. Rapid suppression => Re…

RT @JustinWolfers: Three summaries of today's jobs report that are all true: 1. The economy is bad. 2. The economy is recovering. 3. The r…

Japanese pension funds continue to be big buyers of foreign/mainly US bonds. Why? Because even after hedging currency fluctuations they offer better return than those available at home. Important piece this by @Birdyword wsj.com/articles/forei… https://t.co/QMg7AGhPEb

RT @JustinWolfers: Here's the truly good news in this jobs report — the decline in unemployment wasn't just about temporary layoffs ending…

RT @BetseyStevenson: They dentists aren't all back to work yet, but they are slowly climbing their way back. Employment in dental offices i…

In new book, UPSOLD, Sociologist Max Besbris shows how real estate agents selectively boost neighborhoods & steer housing market & thus contribute to producing & reproducing inequality. Smart write up by @jstarmy bloomberg.com/news/articles/… https://t.co/RgQYXCv5xx

RT @surambaya: @mkamzee In 1975, Kenya had over 120,000 elephants. The people in the know: First family, JM Kariuki and scores of Game Dep…

RT @TheStalwart: Thing to remember is that if Meadows were still in Congress, he would almost certainly be a no vote on any conceivable de…

RT @chequeredfuture: @adam_tooze The Germans were furious about the use of African troops by the French during and after World War I. @Davi…

Gold priced in terms of …. Bitcoin. Now that is one corner of the financial ecosystem it would be interesting to know the politics of. @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/SGc6QSV9b9

Really enjoyed talking with @EricLevitz Highly recommend following him! twitter.com/EricLevitz/sta…

La 3e Tirailleurs Algériens first clashed with the Prussians at the battle of Woerth in Alsace on 6 August 1870 -> immediately triggered racialized discourse of "atrocities", civilization etc. twitter.com/RentmeisterMar…

Inspecting the battlefield of Wörth the day after a fierce clash between French and Prussian forces, a contemporary described it as a "swamp of blood, brains and guts". twitter.com/Krieg7071/stat…

With hedging costs down "Even buying AAA-rated U.S. corporate debt and hedging exposure offers a higher yield to Japanese investors than buying the limited universe of BBB-rated Japanese corporate debt.” @Birdyword wsj.com/articles/forei… https://t.co/cjrk5dXsPs

RT @DanielAlpert: @PaulKrugman today links to ground-breaking @Cornell @jobqualityindex @RIWIdata survey on the US employment situation: #P…

From early in Franco-Prussian war Germans started taking hostages and reprisals for alleged franc-tireur incidents. Early incident in Gunstett happened after bloody clashes with Algerian tirailleurs. Interesting French website on issue: territoire-1870.eu/%C3%A9v%C3%A8n… twitter.com/Krieg7071/stat…

So. If you had wanted to make a bet on coffee futures & the lockdown what should you have picked? Turns out it should have been Robusta not Arabica because Arabica is sweeter and is more popular in restaurants & bars. @willhorner wsj.com/articles/coffe… https://t.co/maLPlqH4pZ

RT @GiulianoVivaldi: @DetchN @SpiesVespers @adam_tooze I once translated a Russian film script about the love affair between Svetlana and t…

On this day in notorious incident early in Franco-Prussian war, German soldiers threaten to lynch 14 civilians from village of Gunstett accuse of sniping -> beginning of long and bloody escalation around guerilla "franc tireur" threat. See Isabel Hull's Absolute Destruction. twitter.com/Krieg7071/stat…

The pace of contraction in business activity in India has lessened but it is still deep in negative territory. @IHSMarkitPMI @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/hBlhJJnYn9

RT @SpiesVespers: @adam_tooze I believer that is Stalin's daughter,Svetlana Alliluyeva, who later defected to US https://t.co/UPUFKXTlu3

RT @RFHanrahan: @adam_tooze The little girl is Stalin’s daughter, Svetlana.

Questions: 1. The little girl? 2. The dude with his earphones on sitting between Stalin and Beria … just chilling, enjoying his tunes. twitter.com/SpiesVespers/s…

In 2020 "co-ordination in fiscal & monetary interventions has been much more powerful than policies we saw after 2008 when central banks had to do all heavy lifting”. JPMorgan Asset Management Head of Rates -> yield on inflation-protected bonds goes neg ft.com/content/289552… https://t.co/3ZXKpteHet