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Adam Tooze
History, economics, politics, theory. Prof. Columbia University. Director of the European Institute. Born UK, raised FRG. Mensch mit Migrationshintergrund.
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Adam Tooze 3h
There’s demand, but where’s the supply? The chronic shortfall in construction of housing units in California goes a long way towards explaining why 1/3 of renters in California pay 50% of income on rent.
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Adam Tooze 3h
"there are four types of countries in the world—developed, undeveloped, Japan and Argentina” (Kuznets) intriguing comparison of the two odd economies out.
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Adam Tooze 4h
After the Fukushima whiplash Japan scrapped plan to be 50% nuclear by 2030 for electricity generation and now expects coal to be 26% of the mix.
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Adam Tooze 4h
Fascinating piece on the haggling that goes on over large-scale corporate purchases of renweable energy in the US.
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Adam Tooze 5h
Decarbonizing Japan is going to be a tall order: After India and China it is the 3rd largest coal importer, 60% coming from Australia.
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Adam Tooze 5h
China’s railway engineering giant CRRC employs 180,000 people worldwide, annual revenues of $30.6bn 90% in China. Btw 2013 and 2017 CRRC made 44% of the world’s electric trains and a whopping 71% of its high-speed ones
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Adam Tooze 6h
The rise and fall of the global stand-alone camera industry is a dramatic story of second half of 20th century. via
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Adam Tooze 6h
Sewage pollution levels on the Ganges are at critical levels.
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Adam Tooze 7h
How excavator sales in China track GDP growth. And its not looking particularly good right now … via
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Adam Tooze 7h
Which way to “normalization”? How the Fed’s interest rates diverged from those of rest of Adanced Economies. via
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Adam Tooze 8h
“PBoC chief Yi Gang said last week that there was “tremendous” room to make policy adjustments if the trade war worsens.” Is Trump’s diction beginning to influence that of Chinese policy makers? Or are we caught in a perfect rhetorical storm?
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Adam Tooze 8h
The global hierarchy of national bond ratings and interest rate spreads. via
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Adam Tooze 9h
“It’s always hard to predict the economy,” he says. “It usually isn’t this hard to predict the politicians.” David Wessel quoted by
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Adam Tooze 9h
Since beginning of 2019, Argentine inflation has accelerated towards 60%!
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Adam Tooze retweeted
Frederik Ducrozet 9h
To those floating 's name as Draghi's successor, why not ask them the question on Monday?
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Adam Tooze 9h
In new world of German politics the coalitional arithmetic has been completely scrambled. Greens have become indispensable to the only coalitions that are thinkable. Only one that would exclude them would be CDU/SPD/FDP.
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Adam Tooze 9h
Another weekend, another amazing poll out of Germany. Greens #1 and SPD down to 11%, trailing in fourth.
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Adam Tooze 10h
"Fed officials are not looking at the current situation through lens of 2007 — which would spook markets — but through the frame of the 1990s when Greenspan cut rates in two cycles, first in 1995 and then in 1998 to help sustain expansion”
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Adam Tooze 10h
When analysts dismissively refer to Russia as “Spain with nukes” on account of Russia's modest GDP, they too often ignore that it is “Spain with nukes and half a trillion$ in forex reserves”. That gives you some roome for maneuver.
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Adam Tooze 10h
Whereas the productivity gap btw N v S Italy and W v. E Germany is similar in proportional terms, Italian national pay rates are far more homogenous v. Germany-> huge diff in real wages and employment. Boeri, Ichino, Moretti & Posch et al.
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