ADAM TOOZE

A structural feature of global oil industry back to the beginning of 20th C is that global industry is dominated by… https://t.co/W1wFfPZYUH

Olson, M (1962), “The economics of target selection for the Combined Bomber Offensive”, Royal United Services Insti… https://t.co/vLRUPrktSI

Shale death zone: Without (additional) gov support the future of America’s once-triumphant entrepreneurial energy s… https://t.co/P3T16goZAb

More than one-third of US federal gov employees are eligible for retirement in the next five years, and only 6 perc… https://t.co/8LS1o4IOGD

I really like Phillips Payson O’Brien concept of the air-sea super battlefield and significance of attrition v. bat… https://t.co/pHlWoQyYyi

In 1939 the Soviet Union not Germany was arguably the leading military-industrial power in Europe and thus in the w… https://t.co/FOxU41sdDe

How some European banks are making large loan loss provisions ahead of COVID-19 shock … and others, not so much. De… https://t.co/PYl8BXPEna

In 1939 the Soviet Union was #2 producer of military aircraft worldwide. Just behind Luftwaffe. Interesting nugget… https://t.co/8twKLyxv4K

The Bank of Canada is matching the Fed’s aggressive expansion in balance sheet with a step increase of c. 10 % gdp.… https://t.co/CxMB0ChmuD

How bad, in historic terms, is the 2020 shock going to be in a highly export-exposed economy like Germany? This gra… https://t.co/vgFwWkbfql

@J_MoAGoGo Fair point. Wording incorrect. My bad.

PPP loans are capped for non payroll expenses -> businesses in higher rent areas are having a hard time surviving.… https://t.co/Cj5X5EmCHu

Who loses? Missing rent payments helps businesses get through the crisis but hits the commercial real estate firms… https://t.co/BV6SnweUV7

84% of US small firms are paying less than 50% of rent due in May. 40% are skipping rent altogether this month.… https://t.co/zmrJpXvX9o

After 2008 there was no inflation but could post 2020 be different? 1. Stimulus not austerity 2. Fiscal stimulus di… https://t.co/owOfRWbGep

To brighten up your morning here is @RobinBrooksIIF update on “Armageddon narratives” out there … how about a yuan… https://t.co/TVTTMLBrNH

"Nobody much under 50 has any clear memory of what it’s like to deal with inflation as a serious problem.”… https://t.co/87ZxfXPzPw

In 2008-9 Warren Buffet was able to make handsome returns as a private investor/lender of last resort. This time th… https://t.co/F3WvjK9052

The last time ALL the major EM were growing strongly together was 2013. Since then it had been patchy. 2019 was ter… https://t.co/pFUNu2oaGj

"The Permian Basin, which stretches across Texas and New Mexico and is almost as big as Britain, accounts for one o… https://t.co/KMsbq5Y5m6

Uncanny valley: concept introduced by Prof Masahiro Mori in 1970 to describe our negative reaction to humanoid obje… https://t.co/rc0XUSLVgu

"Everybody involved in EZ policy knows that the monetary union owes its survival to successful rule-bending. The E… https://t.co/nldk4Up1Kz

Excellent thread (2) on the German constitutions court and its ruling on legality of Draghi’s QE, due Tuesday. https://t.co/zlaWGS7l05

Good thread (1) on the German constitutional court’s ruling on legality of QE, due Tuesday. https://t.co/w49Aq85XQO

"Many think of German judges as obstacles to modern monetary policy. I disagree. It is generally not a good idea to… https://t.co/g4aJnc5Tsj

December 1944. Few good German pilots left. Evasive actions of a Focke-Wulf Fw 190. In vain. #WW2 #HISTORY https://t.co/h6OBloHB8u

So I writ in the margin of the letter, “Returned as untrue,” and, by consent of the Board, did give it him again, and so parted.

Unsurprisingly @McKinsey take on climate/COVID-19 is slick and smart but equally unsurprisingly it elides any issue… https://t.co/ndfmLj8v0L