With Saudi/China resisting calls to pay loss & damages invoking 1990s classification as dev countries, Germany’s climate envoy Morgan said “system developed in 1992 can’t be the same system to determine who will pay after 2025. The world has changed.” ft.com/content/489baf… https://t.co/QzFRAwt9RK
"more than 600 fossil fuel lobbyists were registered for COP27 up 25%. UAE, the petrostate that will host COP28, had the most of any country — 70 official delegates." Seriously!? How can COP legitimacy survive this? Its morphed into an energy summit! ft.com/content/a29c12… https://t.co/VYSkJtlPph
COP27 is 1st to invite oil and gas companies to participate in the official programme of events & Egypt's Saudi patrons given platform to announce that limiting global warming is not “a discussion about fossil fuels”! ft.com/content/a29c12… https://t.co/jzO79zXqGp
He now fears a perfect storm for Poland’s wider economy. “A banking crisis (triggered by swiss franc appreciation) plus an energy crisis and the geopolitical situation could be a disaster,” he says. Hmmm, what are we going to call that sense of danger? ft.com/content/19235a… https://t.co/SNInoZ6UnP
@ClaveroBorja You are right, but it werent me … Its Savills Research wot did it I never invoked that horrible bit of the graph. If youv'e got a better assets v assets graph i would love to circulate it. Thanks.
"expansions in credit supply, operating primarily through household demand, have been an important driver of business cycles." Mian and Sufi on why credit matters pubs.aeaweb.org/doi/pdf/10.125… helps to drive housing cycle adamtooze.substack.com/p/chartbook-17… https://t.co/OjPNmzzPJL
@CSpechtl @jaypalter @Noahpinion Its framed 'Inadequately" by net zero policy on right-hand side, as opposed to being a vector in its own right.
The divergence btw the employment in services/goods-production & spending on services/goods in US contains a lot of information about US economic development since 1959. brookings.edu/research/nine-… https://t.co/mBU6mvMPrl
Thanks for reupping the "from crisis pictures to crisis matrix"-piece, because that post points to an answer to some of the criticisms made of the polycrisis concept in the last few days. twitter.com/jaypalter/stat…
"Risk-sharing" demand of Southern Europeans is not just about banks/debt. It is also about refugees. Battle with NGOs is on terrain defined by reluctance of North & E Europeans to share. Originally triggered Syria/Libya now compounded by Ukraine. ft.com/content/3a7bf3… https://t.co/fQBW5YBTsw
Will the interest rate hike trigger a 2008-style mortgage finance crisis? Asks Chartbook #171 adamtooze.substack.com/p/chartbook-17… One reason it is unlikely to do so is the subdued level of household debt. seekingalpha.com/article/447565… https://t.co/97BxIINFmz
"Migration is an unusual topic to find on foreign ministers’ agenda, but Italy’s new top diplomat has insisted that matter, which has recently soured relations with Paris, be discussed today." Highly predictable terrain for new Italian gov to fight on. ft.com/content/3a7bf3… https://t.co/5P2htlV6bU
"The shambolic details of the crypto crisis shouldn’t distract us from the fact that this is monetary tightening working as intended." spot on @EthanYWu ft.com/content/e9d820…
"I never would have guessed in a zillion years that, with 8% inflation, the president’s party could manage a draw in a midterm election … excellent lesson in epistemic modesty." Chapeau @rbrtrmstrng why it is truly a pleasure to debate with you! ft.com/content/e9d820…
Chinese "lenders now have an as yet unspecified amount of time to cap the ratio of their outstanding property loans to total loans at big banks at 40 per cent, and their outstanding mortgages as of total loans at 32.5 per cent." Blurring the Red Lines. ft.com/content/41ac16…
Talk about "something breaking": turns out Polish banks still have 347,000 Swiss franc mortgages & other loans on balance sheets, worth SFr14.3bn ft.com/content/19235a… Pairs well with new Chartbook mini-series on finance in the polycrisis. Start here: adamtooze.substack.com/p/chartbook-17… https://t.co/4vlZOVlxES
@CPGallagherNYC @RoitmanJanet What @RoitmanJanet essay allows us to see is that you can take polycrisis term itself as an instance of granularity & context generated "in the world". In this case it is a weird bid for generality, which as such is highly revealing & useful, not unlike a new statistical concept.
RT @TimFernholz: global panopticon update: @SpireGlobal can track ships that have turned off or spoofed their location beacons, which means…
"The ends of perpetual crisis" – this smart essay by @RoitmanJanet has been cited as though it were a knockdown critique of the term polycrisis. I would see it as an extremely useful elucidation of what a self-reflexive usage entails. Recommended. acrobat.adobe.com/link/track?uri… https://t.co/B0XSjh6cm6
RT @BWBStiftung: #Podcast-Empfehlung: Die #WillyBrandt Lecture "#Zeitenwende oder Polykrise? Das Modell Deutschland auf dem Prüfstand" von…
Though I agree with the sentiment here, isnt part of the problem that the question is framed in terms of "ability to make it", as opposed to "would a program of this kind have attracted or held the attention of a deep and capacious mind like theirs?" twitter.com/jasonintrator/…
RT @vibecession: Möchte im Angesicht der Bürgergeld-Debatte nochmal an @adam_tooze Analyse zum Konservativismus und Post-truth erinnern htt…
RT @COdendahl: Not sure how I can save Ukraine's finances (also not my job, unlike @c_lindner's). I did write this leader for @TheEconomist…
RT @sarahrainsford: Vladimir @vkaramurza is facing 24 yrs in prison charged with treason & more for his outspoken criticism of Vladimir Put…
RT @LSEEcon: Institutional and Cultural Bifurcation: The Great Divergence between China and Europe lse.ac.uk/economics/even… https://t.co/4et…
RT @PriceofOil: “The Horn of Africa is experiencing its 5th season of drought & millions of people are facing famine. We urgently need gove…
RT @readsthepapers: I am such a bad Brit. I don’t know any of the royal history and keep asking my Texan boyfriend who Margaret was 🤷♂️ ht…
Sticky wages and the Great Depression Jason Lennard uses a novel dataset to estimate nominal wage rigidity in interwar Britain. Over 3 million workers receiving wage cuts in 1931, indicating high labour market flexibility. cepr.org/voxeu/columns/… https://t.co/80Pyfi8iYB
"Over the last 20 years, the World Bank has intervened during conflict in South Sudan, Yemen, Colombia, Iraq, the Philippines and Ukraine" Elliot Dolan-Evans journals.sagepub.com/doi/10.1177/09…
By the end of the century, Africa will be home to 40% of the world’s population – and nowhere is this breakneck-pace development happening faster than this 600-mile stretch between Abidjan and Lagos. This piece by Howard W. French is really eye-opening. theguardian.com/world/2022/oct… https://t.co/xnZbAdWYQI
In 2021, there were 83,878 homes in the capital that needed “partial repairs” and 46,158 that needed “major renovations”. havanatimes.org/features/housi… https://t.co/F8uaWXialo
The new non-alignment. This essay by @70sBachchan is outstanding. geopolitique.eu/en/articles/no…
Out of curiosity, I've set up a Mastodon mirror account for my twitter stream. You can find it here: @adamtooze@econtwitter.net I'm in NO rush to migrate. Committed to twitter so long as it remains in being. In meantime I am crossposting via: crossposter.masto.donte.com.br https://t.co/BR5DPGVETL
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