ADAM TOOZE

"Between the assertion of the individual’s right to ego-fulfilment and the notion of the pursuit of the common good, American and British ‘radicalism’ derive from very different sources.” E.P. Thompson was a little too fond of national stereotypes. But … lrb.co.uk/the-paper/v09/… https://t.co/GWEbJjsZZ6

It doesn’t hurt China to meet its Phase I US ag purchasing targets when domestic demand for corn is running ahead of supply and driving prices higher. @Lucy_Craymer wsj.com/articles/china… https://t.co/AZ7pW3nJ3E

@Intetyst @rickmuir1 One of the things I find most appealing about Beck is his affirmative relationship to 2nd modernity.

Gold purchases by ETF now add up to the second largest reserve after that held by the US Fed system, surpassing Germany. I didn’t know the Bundesbank had a large stock. bloomberg.com/news/articles/… https://t.co/cxP9eXTNIa

The dramatic loosening of credit conditions for major EM, following the sudden shock of Feb-April, is really remarkable: here measured through CDS prices and bond yields. thedailyshot.com/2020/08/05/wil… https://t.co/ZMj1RT0BDE

Turkey’s funding markets have been coming under stress, with the overnight borrowing costs soaring. thedailyshot.com/2020/08/05/wil… https://t.co/vwU4fSdFJK

@rickmuir1 Thank you. My late great brother-in-law Mick Toyne was a career Met policeman interested in risk and Ulrich Beck …. The fit is rather obvious.

RT @rickmuir1: I was waiting for someone to do a piece on what Beck teaches us about all this. This by @adam_tooze is great https://t.co/gi…

Crisis of the Americas: a new COVID-era in charts in which the USA is compared to Brazil, Colombia, Mexico, Chile, Argentina and Peru … for workplace-visits in this case. From ING via @SoberLook https://t.co/eTkL1rMznA

After US and Japan, China is 3rd largest source of FDI. Canada in #5 kinda remarkable. And I bet these data are totally dodgy. So take this with a pinch of salt. thedailyshot.com/2020/08/05/wil… https://t.co/PbvcL4ABcQ

Because the Chinese currency is pegged to a basket of currencies with a large $-component and the $ is falling -> yuan is simultaneously rising v. Dollar and falling v. rest. Love the new cross referencing in @SoberLook ! thedailyshot.com/2020/08/05/wil… https://t.co/97f64JTUDC

Just for the record: Italys 30year bond yields down to RECORD lows. One imagines the smart folks at the Italian treasury are locking this in. But then, if anyone knows how to manage debt, they do! @SoberLook thedailyshot.com/2020/08/05/wil… https://t.co/h5TAjRjNoA

In 2019 over $10bn in remittances flowed just from the state of California to Mexico! @jude_webber ft.com/content/424e69… https://t.co/EzTo758uCN

Given the state of Indian bank balance sheets it can hardly be surprising that lower central bank rates are not stimulating a lot of new lending. ING via @SoberLook thedailyshot.com/2020/08/05/wil… https://t.co/9s7gSQp7SW

Earlier on I posted an FT chart comparing US and European loan loss provisions. This did not include Lloyds and Natwest which have also made substantial provisions. bloomberg.com/news/articles/… https://t.co/N7QcROiUmb