ADAM TOOZE

Big Men on Big Horses: Napoleon revived French armored cavalry cuirassiers as shock troops. On 6 August 1870 at battle of Reichshoffen they made one of their last significant charges. Then found themselves packed tight and raked by Prussian crossfire in streets of Morsbronn. https://t.co/i0Fdsi5i53

Today is the birthday of Alexander Fleming who discovered penicillin. Man, do we need his spirit now! twitter.com/EsatogluR/stat…

Battle of Reichshoffen 6 Aug 1870: overwhelming Prussian numbers inflict bloody defeat on French. At 1 pm French cuirassiers make a heroic charge to cover retreat. Sets Prussians back, but ends in disaster in streets of Morsbronn where French riders slaughtered at close quarters. twitter.com/dfweb75/status…

Euro area consumption figures are suggesting a pretty remarkable rebound in June. Will it be sustained? @EU_Eurostat via @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/S2qPV8kQya

@LetterstoaN @DeutscheBank @SoberLook Spelling out the significance of the 1920-21 deflationary shock as a global event was one of the main points of my book Deluge.

@LetterstoaN @DeutscheBank @SoberLook Its one of the most understudied events in modern British history. This by Solomos Solomou is an excellent primer: amazon.com/Themes-Macroec…

COVID mortality in UK by age. This disease poses some pretty agonizing questions of intergenerational equity. And before you say it. Yes: 1. Young people get sick too, 2. In worst cases, they appear to suffer sustained damage to their health. Yup. We got that. https://t.co/PGs85LNEhc

@LetterstoaN @DeutscheBank @SoberLook They do. But I think in this case we are looking for 12 month shocks.

The UK recession in 2020 is likely to be the worst since 1710. Thats before the industrial revolution, during the final years of the reign of Louis XIV. Data from @DeutscheBank via @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/VIshjrAPFK

Highly recommend this lucid guide to reading Sartre’s Critique. twitter.com/VersoBooks/sta…

Inflation googling is up. @DataArbor Via @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/8Fr4h28wI2

Gold prices, TIPS ETF, inflation talk, decline of $ talk – all point to persistence of conservative economic vision that is not just an ideology, or worldview but an investment logic, a business plan backed by large amounts of money, and, of course, a politics resisting stimulus. https://t.co/5YvfJYmiXg

RT @MundosTrabalho: @PastPresentSoc @mark_hailwood @EMSBristol @UoBrisHistory @wryckbosch leu o artigo de @mark_hailwood e observa algo imp…

This. All Day. Every day. twitter.com/conorsen/statu…

The slowing rebound in US employment in July is particularly striking in leisure, hospitality which ought to be the big driver of the summer. @SoberLook bloomberg.com/news/articles/… https://t.co/QCecPVLBBb

Economists expected to see 1.2 million jobs created in the US in July, but we got 167k -> after the historic collapse in employment the recovery has stalled. From the indispensable @SoberLook thedailyshot.com/2020/08/06/inf… https://t.co/92f6ljEJ2a

RT @drvox: My new post: A new group called @RewiringAmerica is singing my song: Electrify Everything! It has a detailed plan to substantial…

RT @TheStalwart: If you're into central banking or Europe or anything else, on Monday's episode of the podcast we have @VMRConstancio, the…

RT @AntonJaegermm: “Tissot served as a sharpshooter in the Franco-Prussian War and sketched the body of a fallen friend with a cool focus t…

COVID-19 in an Urban World: 90% of COVID cases counted worldwide are in cities. Lockdowns and COVID-recession -> global urban crisis leaving tens of millions in dire poverty and facing acute food shortages. un.org/sites/un2.un.o… https://t.co/kpYeWn1VXk

World Food Programme estimates the number of acutely food-insecure people could increase by 80 % to 270 m by the end of the year in the 79 countries where it works. (Before COVID-19, the figure was 149 m). And the new hunger is in the cities. insight.wfp.org/dhaka-banglade… https://t.co/YNXABa5ROA

This is the time of hunger: Stocks eaten up. Waiting for harvest to be brought in that may or may not fail. These are the hot spots of acute food insecurity mapped by FAO-WFP this year. docs.wfp.org/api/documents/… https://t.co/jmNmWerg3S

Stats for food insecurity in US right now are staggering. How, you ask, do they relate to global situation in low-income countries? @FAO State of Food report gives us a global map. Yup! Millions of poor Americans are right there as "moderately insecure" fao.org/3/ca9692en/CA9… https://t.co/74Zn3oOlPq

RT @hshierholz: DOL numbers suggest that right now, 33 million workers are either on unemployment benefits, have been approved and are wait…

Unemployment benefits are a disincentive you say? Look at the data in May and June ….think again. People are desperate to get back to their old jobs. If only …. twitter.com/hshierholz/sta…

For the 20th week in succession the US labour market disaster has continues. Week for week @hshierholz of @EconomicPolicy has been our indispensable guide through the fog of fast-moving data. Must follow! twitter.com/hshierholz/sta…

RT @Schuldensuehner: OUCH! #Turkey’s Lira hits record low as interventions fail to stem drop. At the root of the strains are concerns about…

Peabody Energy has written $1.4bn off the value of the world’s largest coal mine: open-pit North Antelope Rochelle mine in Wyoming’s Powder River Basin accounts for 12 % of US production. Facing irresistible shift to gas and renewables. ft.com/content/1ce6db… https://t.co/2RVS1nSe1A

RT @MaxJerneck: @adam_tooze This article shows the limits of trying to decarbonize steel (or other industries) at the consumer end through…

Stats for food insecurity in US right now are staggering. How, you ask, do they relate to global situation in low-income countries? @FAO State of Food report gives us a global map. Yup! Millions of poor Americans are right there as "moderately insecure" fao.org/3/ca9692en/CA9… https://t.co/oOikhwjZGp

8.9% of the world’s population are undernourished according to @FAO 22% of population of Sub-Saharan Africa 16.6% of Caribbean! 9.3% Central America Impact of COVID will be terrible. c. 100 m extra hungry people. fao.org/3/ca9692en/CA9… https://t.co/4AZ5Tfac7A

All GSE now? 1st phase of. COVID bailout encouraged @ScottMinerd / Robert Brenner @NewLeftReview view that all firms would be saved. PIMCO warns that "next phase will be much more targeted”. In what comes next a "lot more will be allowed to fail." bloomberg.com/news/articles/… https://t.co/n7MQ7iFRUp

@SueReid24 Though “we” have done our best to turn it into one.

To drive the decarbonization of the European steel industry would require a carbon price today of at least $100 per tonne of C02 -> increase of $200 in price of steel in an average car. Would need a hefty carbon border tax to create level playing field. ft.com/content/457ca4… https://t.co/JDjpJf9aV1

@EskandarSadeghi Where is this from? Do you have a link?

@JoMicheII @RebuildMacro @DanielaGabor @ESRC BRILLIANT. Thank you so much.