Adam Tooze

Hist/Econ/Theory
C******* University. Born UK, raised FRG.
Publisher @surplusmagazin
@OnesandToozePod
Chartbook substack newsletter

[Adam Tooze @adam_tooze]

Alien v. Predator or MAGA meets AI - a "crossover" monument to the USA at 250.
https://t.co/Y9dRL2Wxy2

[Greg Kable @GregKable]

The twist nobody had on their VW bingo card

A deal to keep the Osnabrück plant operating by building components for Israel's Iron Dome system is reportedly being blocked by Qatar – Volkswagen's third-largest shareholder

Geopolitics has become part of the boardroom

@VWGroup

[Karthik Sankaran @RajaKorman]

I wonder what would happen to tech valuations if you let the trio of Raghuram Rajan, Bill White, and Tom Sargent manage the Fed's response to US fiscal policy and to US financial instability threats.

[Phil 🆓🌍🧩🎲 @Phil_Free_]

“‘The bond market’ isn’t an irresistible objective force like the weather or an avalanche.

Which is why the silence about the [BoE] is so significant.”

Voldemort on Threadneedle street. The Bank of England & the "haunted house" of English politics
https://t.co/qnfEHVPG65

[Adam Tooze @adam_tooze]

@noah_gordon_ Lovely list!

[Rawson 🙏 @PonderingDurian]

Top 5 long form reads of the week:

1. @adam_tooze's chartbook has been on fire lately, but this is my favorite:

Link: https://t.co/vRWzLTDNF8

2. If you want taste, you're gonna have to eat by @jxnlco

Link: https://t.co/7wPO13jsUg

3. The reading guide to Chinese biotech by @NikoMcCarty (yes, curation plays)

Link: https://t.co/S6pVS5nmu6

4. Unitree's Impossible Trajectory is Still Overlooked by @SemiAnalysis_

Link: https://t.co/6KRwu8Lcib

5. Crypto theses on $Hype and solana:Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs respectively by @multicoin and @YanLiberman

Hype Link: https://t.co/1cE9khHGoI

Grass Link: https://t.co/WxbhaUmvK0

***

Self-dealing, but think my investment theses on Automation, Multipolarity, and Demographics is also a worthwhile read.

Link: https://t.co/o161TUT5gi

[Angelica 🌐⚛️🇹🇼🇨🇳🇺🇸 @AngelicaOung]

Lol Zhu Rongji’s cuts was to satisfy WTO accession requirements. They were so severe Gordon Chang predicted Zhu was in a double-bind: either he won’t be able to make the cuts or it will be so dire that China would collapse.

The trauma on the Dongbei rust belt is generational. They just made a TV drama about it called the Longest Season.

[Adam Tooze @adam_tooze]

https://t.co/oYy2dad2FU

[Adam Tooze @adam_tooze]

The cost surge for the summer BBQ in the US is driven by the beef, as shown in the Financial Times. More featured on today's Chartbook Top Links in the comment below.

[Adam Tooze @adam_tooze]

@indalolzone247 Taken it down.

[Michael Pettis @michaelxpettis]

This is becoming an increasingly important story: "A Chinese thin tank estimates the number of people in flexible employment - without a permanent full-time contract - rising to 320 million this year from 280 million in 2025, about 44% of China's workforce. China's gig economy has become a crucial employment buffer as the property crisis wipes out construction jobs and manufacturers shed workers through automation and cost-cutting ​amid tariffs, overcapacity and price wars."
https://t.co/3y2EkzuB5Q

[Albert Pinto @70sBachchan]

Brazilian commentary on the multi-decade fall from grace of the national football team is now reaching Max Weber levels "The Protestant Ethic and the Spirit of Capitalism"

Decline of Catholicism in Brazil -> team lacks joy & soul etc
(fwiw, i don't buy civilizational args!)

[Anton Jäger @AntonJaegermm]

Lenin said you have to be "as radical as reality itself" but maybe the problem is reality no longer exists

[Aaron Rupar @atrupar]

Trump on USA-Belgium: "If they beat us, they can be really proud. The other way, if they beat us, we'll say -- I say it was rigged, just like the election was rigged in 2020, but I won't get into that."

[Rachel Kryshak @RachelKryshak]

To be clear: Whether it is or isn’t a red to Balogun is now irrelevant. Government interference is a violation of FIFA Article 2 & 15, and the punishment is disqualification and suspension. Nepal was suspended.

This is an admission of the violation.

[Adam Tooze @adam_tooze]

@Brad_Setser @SanderTordoir I'm just commemorating your exchange in DC with the ghouls from AI/beltway/NatSec world .... ;)

[Adam Tooze @adam_tooze]

Woke up in Singapore and realized I had had a very weird dream in which "the Viking of macroeconomics" @brad_Setser merged with the figure of Erling Haaland. And now I can't unsee it!

[Brad Setser @Brad_Setser]

Very much agree with @adam_tooze --

The most important thing to know about the international financial system right now is that the dollar's share of a global equity market index is higher than the dollar's share of official fx reserves

1/

[Sander Tordoir @SanderTordoir]

@adam_tooze @Brad_Setser The Vikings - Nordic pension funds - storming the beaches of North America in search for exceptional returns?

Given Brads criticism of the profit dollar paradigm it seems like it’s a case of Viking-on-Viking violence.

[Alex Callinicos @alexcallinicos.bsky.social @alex_callinicos]

Adam Tooze:

[Karthik Sankaran @RajaKorman]

https://t.co/SrTmNbMS1i

[Ralph Leonard @buffsoldier_96]

My latest piece for @compactmag on how this World Cup shows just how blurred and messy national boundaries are:

(link in next tweet)