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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.
The bond market selloff that was triggered by news of Democrat’s double win in Georgia back in January has been gathering steam, but is still short of any of the really big collapses. How much more to come?
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After plateauing for 15 years, from 2010 German house prices increased by c. 75% to 2020. @commerzbank via @SoberLook
Toyota's Sequoia SUV is truly an abomination! An outlier both in terms of cost to buy and operate and CO2 emissions. 800g per mile! @MorningConsult via @SoberLook
Nat Sec, “competitiveness”, global bottlenecks, whatever your angle everyone is worrying about the chip shortage right now!
Is sterling going to rise above the level from which it collapsed in 2016 following Brexit referendum? @SoberLook
Normally, wage and income growth in the US varies in a regular fashion with prime-age employment-population ratio. NOT in 2020. @ernietedeschi via @SoberLook
What will the Biden climate package look like? Beyond Biden stimulus 1.0 overheating etc, I have been wondering where thinking about the infrastructure/climate package is at. @yayitsrob has some of the answers. Insightful as always! @TheAtlantic
What is the long run trajectory of the $? The numbers out to 2030 are projections, but this tracking of $ v. EUR back to early 1970s is interesting. @NordeaMarkets via @SoberLook
How vaccines crushed polio in the US in the mid 1950s and measles in Nigeria after 2005.
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The Millennial generation, born between 1981 and 1996, control just 4.6% of U.S. wealth even though they are the largest in the workforce with 72 million members. @BSteverman @atanzi
Looking at this scatter plot of Covid mortality and GDP loss across EU, rather than a trade off, you might be tempted to say that there were simply some countries that handled the crisis well and others that did not.
UPS and DHL are building football field-sized ‘freezer farm’ for cold storage of Covid-19 vaccine deliveries.
International evidence could hardly be more clear: if you control the virus, spending in restaurants, entertainment venues etc bounces back. If not. It doesn’t. @FT tracker
"There’s no playbook for this kind of crisis!” … well, now you mention it … What about the 69-page color-coded 2016 NSC document helpfully labeled ... “PLAYBOOK for Early Response to Infectious Disease Threats" @ddiamond @nahaltoosi
Brazil’s 600 real per month auxílio emergencial actually turned 2020 into a remarkably good year for poverty-reduction. Brazil’s gini fell in 2020 from 0.55 to 0.49! Extreme poverty and inequality are a political choice. How will it choose in 2021? #LatAm
The US is the only advanced economy in which maternal death rates are rising. US death rates are now higher than those in Russia. Italian death rates are c. 1/9th of those in the US. Can this be right? If it is, why is it not a HUGE public health issue?
When we say that the German car industry is in trouble, we mean 2008 kinda trouble! @yardeni via @SoberLook
The @OECD predictions for GDP collapse are astonishing. Japan hardest hit.
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