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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.
In the last few weeks an open battle has started within western finance btw pro and anti-China opinions. Will the Evergrande crisis tip the balance? A reading list for the week ahead: Chartbook Top Links #21 Evergrande Special (no paywall)
In our new weekly podcast @CameronAbadi and I try to make sense of two key data points each week. Check out episode #1 on the debt ceiling and the 2020 global furlough.
Carly crucial to ensure that the gas panic in the UK does not lead to an anti-Green backlash. Thoughts anyone? le
"The risk that broken financial plumbing leads to a general flight from risk seems small. But it’s not hard to see how a prolonged, messy and psychologically costly mop-up could kill growth in the most important part of the Chinese economy.“ @rbrtrmstrng
Striking that @caixin_intel should be leading with this headline this morning! And it is a REALLY meaty report. Recommended if you can get access.
In 2020 the West mistook Wuhan for Chernobyl. We started this week mapping Evergrande onto Lehman. If the new era is defined by the fact that we have to watch China. It is defined also by the need to watch the China watching. Chartbook on Shutdown #4 :
Yeah … if anyone does have a moment and the inclination to weigh in on Amazon it would be much appreciated. Lets just say there is some trolling going on there :(
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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
Astonishingly, America’s EPA preannounces the days on which it will monitor PM2.5 pollution. Using satellite data Eric Zou confirms that on the other days businesses pump out much higher levels of filth.
America’s rate of incarceration is so anomalous that it practically needs a separate graph. Its truly its own regime type!
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.
"Bitcoin mining’s energy consumption eclipses that of major global tech companies providing entertainment and services, looking at annual electrical energy consumption values from various reports:” and ALL EV!
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
Regular reminder that the COVID pandemic is …. NOT OVER. Shocked myself back into awareness this morning by consulting THAT @FT Graph of COVID deaths. For Latin America, in particular, this is an ongoing disaster of huge scale.
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