ADAM TOOZE

One of the mysteries of the U.S. BoP is what has replaced foreign purchases of US bonds (Treasuries, corp bonds) as… https://t.co/2kEDSI5Wfh

Not only is US household wealth at highs relative to GDP, it is also heavily weighted towards equities.… https://t.co/QX7Okup4mH

US is in a difficult spot US-Chn trade war: "Some of Europe’s top companies make huge share of profits in China —at… https://t.co/wkrds4Rndn

The ECB’s QE was launched to fight risk of deflation in 2015. We are no longer at risk of outright deflation, but t… https://t.co/7qDJg5Ungp

In Europe’s periphery investment is still far from having made good the damage done by acute phase of crisis 2008-2… https://t.co/OtUWAWwjtz

Compare these cautious estimates of internal RoR for European infrastructure investment with the coupon on a well-c… https://t.co/jDN3G1Ob7V

EZ crisis opened a large gap btw US and EU in investment in machinery and equipment and there is no sign of closing… https://t.co/udXSK9EuTJ

“a dreadful set of numbers for the eurozone’s second-largest economy” France’s PMI plunges apparently in direct ref… https://t.co/dEIvkltVce

Perhaps an analogy will help: "it was as if a daughter of Steve Jobs, who was following him up the corporate ladder… https://t.co/L5z3f98Aya

Two drunks propping each other up. This picture describes a possible merger between Deutsche Bank and Commerzbank a… https://t.co/X3OlinMJdK

China’s yoy retail sales growth of 8.1% in Nov is the slowest pace since 2003. If stimulus isn’t working will Beiji… https://t.co/vaEiTDcDEZ

US corporate debt is stable as a share of operating surplus but rising as a share of GDP -> stability conditional o… https://t.co/VlQ9Zx98jn

Back in early 2000s 40% of GOP voters were still willing to see role for Fed gov in health care, then Obama got ele… https://t.co/ju0G98jmBN

Turkey’s current account turnaround is remarkable and should not be mistaken for an export miracle. Driven above al… https://t.co/AeyRv4Ktny

When we say that low cost competitors like Vietnam are taking Chinese market share in low-tech exports, we need to… https://t.co/GZEZQfHTOr

Despite PBoC easing efforts a liquidity squeeze in China is on and that suggests bad news for GDP growth ahead.… https://t.co/bK8IhRydn4

Are Italy’s econ problems basically structural? Clearly some of them are. But this comparative chart of industrial… https://t.co/VLm626KIgn

German Finance Ministry involved in talks with Deutsche Bank to facilitate merger with Commerz. @OlafScholz has rep… https://t.co/qMf4gu7Vt5

Household new worth in US relative to GDP has surged since 1970s. Hard not to see this as reflection of post BW fia… https://t.co/vv7cImvBan

Want a measure of the inadequate state of US infrastructure: freight shipping costs are a pretty good index of an e… https://t.co/HskvvXwopP

France donates 3 amphibious vehicles + 1 400 AK-47 to Central African Republic: equipment was confiscated on a dhow… https://t.co/XtOudpxumj

Koselleck’s sketch of the British Marxist historian Eric Hobsbawm, who taught Koselleck at a reeducation center at… https://t.co/1rogUxG3rD

Disaster Fiscalism https://t.co/NpXwo6Fxpq

“an unusual event outside of the member state’s control” – Gilet Jaunes as natural disaster? Is that the clause und… https://t.co/RrElClYtuN

Despite slow growth "Rural India is changing, in part because of availability of affordable smartphones, which fuel… https://t.co/Du2bVQ0ZYu

"does it make sense to upset a level European playing field in order to balance a global one?” Siemens-Alstom merge… https://t.co/DIg8ZWEkCd

How yield chasing by Japanese investors playing difference btw BoJ & Fed rates created a “synthetic” US Treasury an… https://t.co/CoM65FDYBM

Highly recommend this thread by the excellent @thomasforth on UK and French regional economies triggered by… https://t.co/Z9VGDImKfC

On my reading list as 2018 comes to a close- To Shape a New World — Tommie Shelby, Brandon M. Terry | Harvard Unive… https://t.co/1GRp8AErFZ

Roubaix: interesting long read by @HarrietAgnew on efforts to regenerate a struggling French textile mill town … al… https://t.co/pu1wc9FFq1

How US and Chinese cloud providers are competing on the European internet infrastructure battleground. What the art… https://t.co/Iu3v9J22r6

Xanti Schawinsky 1904-1979 "The chess sculpture represents an endgame between Emmanuel Lasker and José Capablanca"… https://t.co/jHSj9LVXAF

My favorite books (that I read in) 2018: Private Government by Elizabeth Anderson Crashed by @adam_tooze Democracy… https://t.co/VS6MYeGT6q