2023–2026

2026 365

October 2026

1. 31 OctTop Links 1271 The Trump org’s network. Marketizing compute. Sticky wages, brass bands throbbing in the parks & the future reign of happiness and peace.
2. 30 OctTop Links 1270 Anthropic IPO highlights. Saudi takes a hit. AI comes for Lao Gan Ma & the parody of passwords.
3. 29 OctTop Links 1269 Politics and money in Brazil. Solid electricity. What Brits do & Fatherland.
4. 28 OctChartbook 481 How stable is the profit dollar in an age of “speedball capitalism”?
5. 28 OctTop Links 1268 Apollo questions AI. What goes into a data center. “Collective Relays” and Whicker in Paraguay.
6. 27 OctTop Links 1267 Cracks in the AI boom. China’s grumpy universities. Lula in his element & what to watch for at the 5th Plenum.
7. 26 OctTop Links 1266 Winter arrives in the market. No one owns protectionism. The DSA trickle & flying across America.
8. 25 OctChartbook 480 France’s schools system may be bad, but we should all be protesting the decline in education!
9. 25 OctTop Links 1265 Manufacturing slump. Federal flows. Who likes the DSA and a Roman killing field.
10. 24 OctTop Links 1264 Indonesia and the rise of the index vigilantes. The rise of the Mann-o-sphere. Voegelin and the end of history.
11. 24 OctIndonesia and the rise of the index vigilantes. The rise of the Mann-o-sphere. Voegelin and the end of history.
12. 23 OctChartbook 479 Africa’s unprecedented urbanization - against historic normalization (#2)
13. 23 OctTop Links 1263 The relentless, totalising machine of American finance. African urbanization. Blowing up cathedrals and is Belgium next?
14. 23 OctThe relentless, totalising machine of American finance. African urbanization. Blowing up cathedrals and is Belgium next?
15. 22 OctTop Links 1262 Tariffs and inflation. 36 varieties of Keynesianism. T.W. Schultz and the battle over margarine in Iowa. Surviving AIDS.
16. 21 OctTop Links 1261 AI and the US current account. Tripartite Agreement of 1936. Stockholm school & Marie-Antoinette’s last letter.
17. 20 OctTop Links 1260 Treasuries and tech stocks in lockstep. Chinese R&D surges to the front. Braudel on energy & White Australia.
18. 19 OctTop Links 1259 Indonesia at a crossroads: fires, downgrades, fuel shortages & Homer Simpson. Also, sex difference in pain.
19. 18 OctTop Links 1258 Auto overcapacity. Shredding Chanel. Lincoln, Lenin & deus ex machina.
20. 17 OctTop Links 1257 The EV is happening. Skidelsky, Shaikh & Mehrling. The Yemen model.
21. 16 OctTop Links 1256 Terra icognita: modernity and feritility. Mega cities & “look mum no engine”.
22. 16 OctChartbook 478 Money and Empire - for Perry Mehrling
23. 15 OctTop Links 1255 The big two in the S&P500. When US labour led the world. Postcolonial Malaysia & multi-ethnic Rome.
24. 14 OctTop Links 1254 European safe assets. Global steel production. The Japanese at Versailles & the inner life of a shipwreck.
25. 13 OctTop Links 1253 AI crowding out. Decoupling US-China investment. Russia’s plague death & hyperpolitics.
26. 12 OctTop Links 1252 US trade deficit. What’s the matter with France? Rupee under pressure & the end of Gaza.
27. 11 OctTop Links 1251 The suffocating AI blob. China shock 2.0. Propping up the rupee and Chris Wickham RIP.
28. 10 OctTop Links 1250 Tech’s trillion-dollar inconsistency. The Germanisation of European defense. Chinese machine-tools and the last of Japan’s gold leaf beaters.
29. 9 OctTop Links 1249 Chinese v. US bonds. Yes tariffs really are bad for inflation. The New Red Sea wars & On Un/Uncertainty.
30. 8 OctTop Links 1248 Stocks of oil plunge. Junk bonds + AI VC under pressure & how Roman Law was made.
31. 7 OctTop Links 1247 The bond puzzle. AI impact in NYC. Lukacs to Du Bois and how the Romans gave up on Scotland.
32. 6 OctTop Links 1246 Giga-scale data centers. Ugandan gold. Moscow’s wartime pigeon post & the rise of the Yemeni coffee shop.
33. 5 OctTop Links 1245 Jobs in health care. Jobs for women. The US labour market is segmenting. Chernobyl’s radiation and Lenin’s love of literature.
34. 4 OctTop Links 1244 AI imports. Brazilian logistics. The New Left watching the 1966 world cup & “white heat”.
35. 3 OctChartbook 477 Against historic normalization: Why AI is not the Manhattan project and why we must challenge ourselves to think the radically new.
36. 3 OctTop Links 1243 Gridlock in the US housing market. Construction physics. Fredrick Taylor’s real revolution & how US police are getting in on the deportation racket.
37. 2 OctTop Links 1242 Construction goes K-shaped in the US. Locked-in mortgages. German Bolivia & applause for the statistician.
38. 1 OctTop Links 1241 Vicious loop in the Treasury market. European luxury dominance. Immigrants in Congress & the Atomic Audit.

September 2026

1. 30 SepTop Links 1240 Debt service and the Pentagon. Private equity and the politics of the US housing market. The return of black lung disease & the Franco-Prussian war in color.
2. 29 SepTop Links 1239 The Biggest Economic Bet in U.S. History. Bond Ructions. Evolution of Management Models & John Coltrane’s Alabama
3. 28 SepTop Links 1238 Equity flows. Wages in gold. Path of the Kamikaze & Trotsky on the revolution of dollar hegemony.
4. 27 SepTop Links 1237 Rates, rates rates. The yen-carry-trade unwind. The cartel war in Sinaloa & “socialism or barbarism” (1915).
5. 26 SepTop Links 1236 The usual inflation suspects. Twin deficits of 6 percent? A massive ungovernable influx of energy & a sense of vertigo.
6. 25 SepChartbook 476 Walled-in wealth #2: US-China oligarchic divergence.
7. 25 SepTop Links 1235 Late-stage American capitalism. The Asian semi-conductor pullback. Saving Florida’s orange industry & the end of Empire in Aden.
8. 24 SepTop Links 1234 Short-term and long-term debt in America. Pricey lubricants & the end of the American age.
9. 23 SepTop Links 1233 Big tech guarantees. Gold and Hong Kong’s first Five Year Plan. P4M & death and money in Switzerland.
10. 22 SepTop Links 1232 Fiscal costs of migration. White terror in Bulgaria & the father of Australian landscape painting.
11. 21 SepChartbook 475: After the dollar as reserve currency, the (profit) dollar as a “portfolio currency”.
12. 21 SepTop Links 1231 The big AI web. Pax Britannica on Wednesday 24 November 1937. Productivity in the very long-run & the Habsburg Jaw.
13. 20 SepTop Links 1230 AI liability. Menschen mit Migrationshintergrund. The battel of the princes in Liechtenstein & the two Blooms.
14. 19 SepTop Links 1229 Wood in the US economy. China investing in people. Deciphering Rivera & From Clive to Keynes.
15. 18 SepTop Links 1228 Billionaires and the midterms. China’s EV shakeout. Malthus as demon & Marcuse on Adorno.
16. 17 SepTop Links 1227 Is AI heading for a clash with Wall Street and the White House? Slough and the planet. The Azores and the Spanish treasure convoys.
17. 16 SepTop Links 1226 Who’s“the house”? Breaking 5 percent. Schmitt in Spain. Movewear making an impact.
18. 15 SepTop Links 1225 Fed-Treasury history. Postpartum haemorrhaging. Avoiding the next famine & how chimneys work.
19. 14 SepTop Links 1224 Macro woke 1.0. Class in Halle. Maternal mortality in Nigeria & Braque on total war.
20. 13 SepTop Links 1223 IMF caves to USA on chief economist. Miami boom. $LAPTOP crashes & the Canton-Hong Kong strikes.
21. 12 SepTop Links 1222 Banks in the new Treasury-Fed regime. England’s resilient school system. Zirkus Fahraway & welcome to the pyrocene.
22. 11 SepTop Links 1221 US real wage pressure. China’s Most Secretive Hydropower Project. Consolidating popular capitalism in Nigeria & Exiles in Paradise.
23. 11 SepChartbook 474: The state is the problem - the AfD’s anti-systemic diagnosis of contemporary Germany.
24. 10 SepTop Links 1220 European bond worries. Iran oil squeeze. The toughest prisoner of them all & guitar Baroque.
25. 9 SepTop Links 1219 Don’t fight the bond market. Neoclouds, neo-risks. Ethiopia’s drone war & the other Parisian towers.
26. 8 SepTop Links 1218 Why AI is coming to dominate coding. Expansionary contraction is baaaack. Psychosocial antifascism and the Three Arrows.
27. 7 SepChartbook 473 Germany’s democratic earthquake: the AfD breakthrough in Sachsen-Anhalt and the question of an “alternative to the Alternative”.
28. 7 SepTop Links 1217 Russian gold through Hong Kong. The birth of repo out of the spirit of the Liberty Bonds. Anger in politics & the failed metrication of the USA.
29. 6 SepTop Links 1216 Nvidia's network. Y'all street. The history of the PMC & birds of paradise.
30. 5 SepTop Links 1215 Japan is back to the 1990s. Liechtenstein under the IMF microscope. Jünger and total war, plus melting down the family silver.
31. 4 SepTop Links 1214 Dollar exposure. Starbase Louisiana. Spain's lost empire & "The Acropolis of the New World".
32. 3 SepTop Links 1213 Fish fingers around the world. Parking tickets in London. Pushing the Great Game & Buffalo Bill.
33. 2 SepTop Links 1212 The circularity of Big Tech's earnings. Squeezing the middle tier of US higher ed. The Mad Dog of Europe & the peasant wars.
34. 1 SepTop Links 1211 Scenarios for big tech. China's birth collapse. Air power in the Pacific & the violence of bureaucracy.

August 2026

1. 31 AugTop Links 1210 Bonds, bonds, bonds. World hunger. Aliens and the man for whom the Dolomites are named.
2. 30 AugTop Links 1209 The cost of chicken. UK manufacturing decline. Bikes in the Wild West & Greek empire.
3. 29 AugChartbook 472 Neo-Burgundian technocracy: Ernst Jünger’s reckoning with nihilism.
4. 29 AugTops Links 1208 Profit boom. Political fragility. The shadow surge in deportations & ultra-long horizontal wells.
5. 28 AugTop Links 1207 US deficits. Counting India. Coquillards. Stracciatella and Batman.
6. 27 AugChartbook 471 Still Safe? Cognitive dissonance in the Treasury market.
7. 27 AugTop Links 1206 American animal spirits. Norway breaks with EU energy policy. Who pays for the Premier League & the Beijing silver mine.
8. 26 AugChartbook 470 Treasury v. Fed 2026: Battle Royale or “Epic Fury” in the bond market?
9. 26 AugTop Links 1205 Who is hurting in Canada? Big Food lobbying in India. The new era of missile warfare & the original Incredibles (Incroyables).
10. 25 AugTop Links 1204 Five ways the US economy depends on equities. The Trump family bank (sic). Flying dragons & the Muscadins.
11. 24 AugTop Links 1203 Eichengreen on de-dollarisation. What a private finance crisis might look like. World hunger & the Kaiser's favorite war correspondent.
12. 23 AugChartbook 469: The risk of unwind - The US Treasury market in the era of the hedge fund-profit dollar.
13. 23 AugTop Links 1202 Bond market denialism. Unhappy Taiwan. Argentina's polo-pony business & for want of a Patriot (PAC-3).
14. 22 AugChartbook 468 “Apocalypse Now” in the Treasury Market? March 2020 as seen from August 2026.
15. 22 AugTop Links 1201 2 percent growth. Bessentism. India's cities. The coldness of Heiner Müller.
16. 21 AugTop Links 1200 Long rates surges, but will there be a landing? Is it time for MMT in “hard mode”? The War of the Words.
17. 20 AugTop Links 1199 Big Losses. Meeting Milton Friedman. Fire-Diver & Operation Epstein Fury.
18. 19 AugTop Links 1198 The Warsh plot. Boosting Plovdiv. The politics of Marc Bloch & Alcatraz as an idea.
19. 18 AugTop Links 1197 Chips-data-centers and debt. Emirates and the mercenaries. Sweet sickness, Yesterday & the comeback of British cheese.
20. 17 AugTop Links 1196 Disapproving of the MAGA economy. The BoJ as the biggest carry trader of all time & the Nazi wrecks on the Danube.
21. 16 AugChartbook 467 "Mad dogs and ...": Heatwave economics - summer 2026
22. 16 AugTop Links 1195 Taxing America's dark matter. Israeli emigration. Beijing insists Aristotle exists. Stuart Hall on political correctness.
23. 15 AugTop Links 1194 How decoupling is illusory. Youth unemployment in Africa. Crossing Australia and Chile's right-wing backlash.
24. 14 AugChartbook 466: The Straits of Kaub and seven centuries of German political economy.
25. 14 AugTop Links 1193 SpaceX and civilisational ambition. China's precarious labour market. Pakistan's Kashmir troubles, Tahiti & tattoos.
26. 13 AugTop Links 1192 China's Polar Silk Road. Why Trump's USAID cuts may kill fewer people. FAFO and on sleeping faster.
27. 12 AugTop Links 1191 Europe's border mess. Did Africa have too few people? Tough diamonds & Gorbachev hawks Louis Vuitton.
28. 11 AugTop Links 1190 On Treasuries and rates in the US. China's energy plans. Pipeline economics & the meaning of "thing".
29. 10 AugTop Links 1189 Did Bidenomics work? Fewer Chinese are studying abroad. The political economy of Rwanda & the extraordinary career of Reinhard Gehlen.
30. 9 AugChartbook 465 The Last of the Magicians: Thomas Mann, John Maynard Keynes and the Alchemy of Bourgeois Liberalism
31. 9 AugTop Links 1188 China's gig workers. Africa's ag exports & the 20 megaprojects that may or may not support them. The history of the RV.
32. 8 AugTop Links 1187 The US, selling euros to buy the yen. Korea's surplus surges. Seven tons of film & South London mid-century.
33. 7 AugTop Links 1186 The profit dollar. Trump gets the Fed he deserves. Free trade DSA. How unmotivated workers cost trillions.
34. 6 AugTop Links 1185 Global equities. The Emirates in Africa. Authenticy as a political virtue & the German government wants you to know that cocaine consumption is bad for the jungle.
35. 5 AugTop Links 1184 Science for development. Bessent's intervention. Fish in the wrong place & Charlemagne's canal.
36. 5 AugChartbook 464 The"China squeeze" - the politics of development counterfactuals.
37. 4 AugTop Links 1183 The US drops Bud. UK credit crunch. Beerlao, the beer of a nation. War machines & the state.
38. 3 AugTop Links 1182 Memory market shifts. India's job market stress. It-narratives & Atmosphères.
39. 2 AugChartbook 463: Zauberberg/Magic Mountain - how history ended in Davos ... on, or about September, 1907.
40. 2 AugTop Links 1181 Breaking down the Big Mac. The economics of American water. The dismembering of Mali & the history of the pocket.
41. 1 AugTop Links 1180 China shocks. Cockroaches & capitalists. Roman Baroque and the entangled time tree.

July 2026

1. 31 JulTop Links 1179 Rates up. Samsung's profits explode. The first mechanized factory and the end of the Teamsters.
2. 30 JulTop Links 1178 Whose economy? Mega car carriers. Politically ambiguous dance & "you already have the face".
3. 29 JulChartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".
4. 29 JulTop Links 1177 Nvidia & Hut 8. Rebuilding China's balance sheets. Brian Eno & the painter of the hole.
5. 28 JulTop Links 1176 How AI could reinforce dollar dominance. Numbers man. Kleos and getting what you want.
6. 27 JulTop Links 1175 Global balance sheet. Pakistan in the balance. American fears. Repeal the 20th century.
7. 26 JulChartbook 461: Polycrisis & nostalgia for lost futures.
8. 26 JulTop Links 1174 America's two economic worlds. Japan's linear economic zone. The Trader Joe's demographic & Harry Kane's chess skills.
9. 25 JulTop Links 1173 Price level shock. The chemistry of chips. The German lobbies and berries always and everywhere.
10. 24 JulTop Links 1172 MAGA sentiments. South Korean financial rollercoaster. West Bank buried in cash. T. rex shenanigans & vectors of fascism.
11. 23 JulTop Links 1171 How college-educated Americans are feeling the pinch. Trump v. PIX. Russian economic pessimism & the colonial roots of French theory.
12. 22 JulChartbook 460 Greedflation meets China shock: Can Europe's car industry be saved without making the cost of living crisis worse?
13. 22 JulTop Links 1170 The SpaceX hype. Decomposing the UK's productivity issues. Sassy Dissent & the problem of private castles.
14. 21 JulTop Links 1169 Where French families put their money. The high-price island of Switzerland. Forest fires in Europe & the first ambulance.
15. 20 JulTop Links 1168 The UK's regional imbalances. The lab monkey trade gap. Lindsay Graham on power & squatting in Hong Kong.
16. 19 JulTop Links 1167 Economic vulnerabilities. This El Niño is not like the others. The end of American diplomacy and Henry Miller on Paris.
17. 18 JulChartbook 459 Spain v. Argentina 1816-2026: uneven and combined development in the world economy & on the pitch.
18. 18 JulTop Links 1166 Can Citi come back? The regionalization of world trade. China's top gun & grad students into the UAW.
19. 17 JulTop Links 1165 Broken confidence. Patient capital in China. Forgotten feminist. On the banks of the Dordogne.
20. 16 JulTop Links 1164 "Everybody's profiting". The map of Russian fuel shortages. Bad nights. Underdevelopment and war.
21. 15 JulTop Links 1163 America's AI deficit. The Qatari veto at VW. Scientific decoupling & poets of the apocalypse.
22. 14 JulTop Links 1162 Remaking the Fed. The transformer bottleneck. Botswana's beef & the rampaging Ebola outbreak.
23. 13 JulTop Links 1161 Running the MAGA economy hot. Precarious Palantir. Modern man, a yellowed old tiger & progress against dementia.
24. 12 JulChartbook 458 Postscript - A conversation with Barnaby Raine about politics, economics, continuities of violence and hyper-agency.
25. 12 JulTop Links 1160 Who gets power in contemporary America? Empire on suicide watch. Saba Saba day & singing the Vietnam blues.
26. 11 JulTop Links 1159 In AI, revenue just caught up with depreciation. When will China make Mythos? How Indonesia invented sea denial & "Bombed Happiness".
27. 10 JulTop Links 1158 Skewed wealth distributions. Leaving gold. Jacques Bainville and India's invisible women.
28. 9 JulTop Links 1157 Data centers and "industrial resolve". Cannibalizing Lululemon. African urbanization & Foucault's secret Canadian file.
29. 8 JulTop Links 1156 Pricey BBQ. Exaggerating Huawei. The US in 1930. Ukraine striking back.
30. 8 JulChartbook 457: The metamorphoses of the dollar
31. 7 JulTop Links 1155 MAGA's economic self-harm. A snapshot of the food system. Grossman's "music of destruction" & Adorno on the paradoxes of historiography.
32. 6 JulTop Links 1154 Exxon - not like other oil majors. Polycrisis as supply shock. The mapmaker of Wounded Knee.
33. 5 JulTop Links 1153 Trump's money. Canada's pipeline to Asia. Russia is losing the space race & China's generals.
34. 5 JulChartbook 456 Alien v. Predator or MAGA meets AI - a "crossover" monument to the USA at 250.
35. 4 JulTop Links 1152 Anchovies & fishflation. Innovating in steel. The "Presbyterian Rebellion" & the ample hips of the stock market.
36. 3 JulTop Links 1151 No more visas. The distributed solar boom. The triumph of Excel & "a bride married to amazement".
37. 2 JulTop Links 1150 Has the debasement trade run out of steam? China and tungsten. Rebuilding missile stocks & 52-year-old soup.
38. 1 JulChartbook 455: The AI boom, China's walled-in-wealth and the financial barriers that separate the two. - World Economy July 2026.
39. 1 JulTop Links 1149 The Straits are still dire. AI-inflation. Rousseau as a bore and a geolocked hypercar.

June 2026

1. 30 JunTop Links 1148 Frontier markt spreads. Misallocated capital. Bad education. Bulgarian computers.
2. 29 JunTop Links 1147 It's all about the chips. China's hydropower exceptionalism. Something for Smiley-stans. Debating the nongmin.
3. 28 JunChartbook 454: China shock 2.0 and mercantilist-on-mercantilist violence.
4. 28 JunTop Links 1146 The dollar's resilience. Booming gas turbines. Weaponized economic interdependence & Jay DeFeo
5. 27 JunTop Links 1145 Killing America's green boom. Water and power for data centers. The LatAm exception & "rag and bone" men.
6. 26 JunTop Links 1144 Data-centers driving inflation. American farmers struggling. A glut of durian & the servants of Britain's country houses.
7. 25 JunTop Links 1143 Undervalued yuan. Pressuring ASML. Dating Greenspan & the Afghan cosmonaut.
8. 24 JunTop Links 1142 Why sinodollars outweigh petroyuan. How much does the world work? The Reverse Centaur's guide to AI & saving Tilton.
9. 23 JunTop Links 1141 Why not to take swap lines too far. Drivers of Germany's slowdown. The shortage of patriots and the question of the "ailing physician".
10. 22 JunChartbook 453 22 June 1941 - The 85th anniversary of the invasion of the Soviet Union.
11. 22 JunTop Links 1140 Europe's resilient trade. How does China's R&D. DuBois in Ghana & the first use of "social capital"?
12. 21 JunChartbook 452 Europe's Machiavellian moment?
13. 21 JunTop Links 1039 Mag 7 is dead. China's fiscal impasse. A different view of the world. Nigeria's soccer diaspora.
14. 20 JunTop Links 1138 The Bank of Japan gets to 1%! The shale boom-bust. The climate moment in Germany & Nepal after the massacre.
15. 19 JunTop Links 1137 Central bank divergence. Five-nines tungsten hexafluoride. The Shou-Fang cycle & the new Rome.
16. 18 JunTop Links 1136 Global inflation. Brexit beneficiaries. Why Kosovo can't borrow. Greenwashing Brazil.
17. 17 JunTop Links 1135 Melting down watches. Everywhere millionaires. Meeting Escobar & Earth at Night.
18. 16 JunTop Links 1134 Can Kosovo converge? Albania's real estate boom. Plundering West Sahara's fish stocks. Denvir & The Dig.
19. 15 JunTop Links 1133 America's Achilles' heel. What if Japan's bond market comes alive? The geography of science & how Pascal invented the bus.
20. 14 JunTop Links 1132 Europe's public investment backlog. India's fiscal risks. Trump's promises. The Jetsons and the future.
21. 13 JunTop Links 1131 Straits compared. How the naphtha shortage threatens your favorite pack of crisps. The Dassault road block & weird grass.
22. 12 JunTop Links 1130 $8 trillion rollover risk. Global solar surge. Dickens on statistics. Training game intelligence.
23. 11 JunTop Links 1129 How the US Treasury market is changing. Buying Boss. Building cities. Europe's Machiavelli.
24. 10 JunTop Links 1128 Are we in a tri-polar investment super-cycle? Fewer babies in Delhi. Indian satellites see through the Monsoon & forests and the French revolution.
25. 9 JunTop Links 1127 What the war is costing Americans. The rise of Brazilian oil. Nigeria's extraordinary women & why everyone likes Toyotas.
26. 8 JunTop Links 1126 Forget Hormuz it's all about the IPOs. Common prosperity, without illusions. When India shrinks & a little domestic argument about how to fix the space station.
27. 7 JunTop Links 1125 AI segmentation. India in financial trouble. The African impact of the "Lisbon earthquake" & "nothing is as far as here".
28. 6 JunChartbook 451 What times are these? Crying fire in a Berlin lecture theatre.
29. 6 JunTop Links 1124 Comparing yields. Avoidable deaths. The tshukudu's of Goma & poetry from the factory floor.
30. 5 JunTop Links 1123 Financially conflicted. How Nvidia nudged Micron onto the AI train. Kültürkampf & Chinmaxxing Russian elites.
31. 4 JunTop Links 1122 Anthropic overtakes OpenAI, China's mine explosions. Istanbul - megacity & "Like you".
32. 3 JunTop Links 1121 Nvidia v. Cisco. China's education deficit. Fear of History & The Errancy
33. 2 JunTop Links 1120 US Stock Market Bubble Concentration. AI-related Stocks. Post-War Iranian Economy & The Paris Commune.
34. 1 JunTop Links 1119 The 14th oil shock. Japanese car makers in Canada. Stuck on diesel & "What the end is for".

May 2026

1. 31 MayTop Links 1118 Iran's Migration Picture. Russia's Economic Slowdown. Chinese Fiscal-Nicotine State and May Chandavong
2. 30 MayTop Links 1117 The biggest profit-sharing exercise ever? Running out of sulphur. Where Chimerica still lives & Japanese Taiwan.
3. 29 MayTop Links 1116 The artist of camp S-21. Inflation and real wages. Sexual Market Value and the politics of the Tatras.
4. 28 MayChartbook 450: Modern growth surges. Or, why China's economic development is unique in human history.
5. 28 MayTop Links 1115 Claiming medical sovereignty for Brazil. How Airbus views Africa. An Emperor and his falcons & Woolf on the pose of criticism.
6. 27 MayTop Links 1114 Bond Market Jitters. Supply Chain Shocks. The American Den of Pirates and American Health Improvement.
7. 26 MayTop Links 1113 Profitless in space. Arguing over grocery prices. The icon of the British war economy & Marx on Sicily.
8. 25 MayTop Links 1112 Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
9. 24 MayTop Links 1111 The unlikeliness of an Nvidia default. The end of the beginning in Hormuz. The Economist on Mao & Zoroastrian Zeligs.
10. 23 MayTop Links 1010 Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
11. 22 MayPower merger. Are we about to run out of petrol, diesel or jet fuel? "A world more equal" & German U-boats in Argentina
12. 22 MayTop Links 1109 Power merger. Are we about to run out of petrol, diesel or jet fuel? "A world more equal" & German U-boats in Argentina
13. 21 MayTop Links 1108 The bank that outgrew a (small) country. Shades of Labour economics. What the DoD can see.
14. 19 MayTop Links 1107 How Asia trumped the petrodollar. Ethiopia's debt troubles. The Fall of Victory Day in Kazakhstan & China's goodreads.
15. 18 MayTop Links 1106 Missiles made in Arkansas. More houses more babies? The Ebola emergency & smart talk about ugly feelings.
16. 17 MayTop Links 1105 America’s dependence for Rare Earths. Russia's Wartime Economy. ASEAN Energy & the German SPD
17. 16 MayTop Links 1104 Target balance within the Eurozone. Veblen babies. potato blight of the 1840s. US troops in Germany.
18. 15 MayTop Links 1103 Biofuel boom. A plague of deer. Writing in the age of AI. Trajectories of the neo-gothic.
19. 15 MayChartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
20. 14 MayTop Links 1102 AI circularity. Egypt's land monetization. Young people quitting Beijing & the BJP's triumphant march.
21. 13 MayTop Links 1101 Will "gas" hit $5? Capitalists =/= capitalism. "After Order" & the hidden charms of the "London system".
22. 12 MayTop Links 1100 Big tech's investment spending. Selling India. The first Red Flag. The revolution in tactical medicine.
23. 11 MayChartbook 448 Price controls, nationalization, financial repression, fiscal-monetary coordination - embracing the Four Horsemen of Heterodoxy
24. 11 MayTop Links 1099 Lopsided stock boom. Why UAE exited OPEC. Mexico and Brazil cutting the working day. How the Guardian responded to the General Strike.
25. 10 MayChartbook 447: The US economy in May 2026 - How much cognitive dissonance can you handle?
26. 10 MayTop Links 1098 Shrinking the Federal government. European convergence. Cod and the new Cold War, plus the origins of desert blues.
27. 9 MayTop Links 1097 Tariffs really are bad for your economy. The complacency of the US elite & the lost paintings of an Ethiopian master.
28. 8 MayChartbook 446 Soft power with Chinese characteristics? Notes on Chinamaxxing.
29. 8 MayTop Links 1096 America's AI import boom. The pushback on Chinese pea protein. Rethinking the industrial revolution & what are "material interests"?
30. 7 MayTop Links 1095 Running out of fertilizer. Why not to worry about space constraints on data centers. Yellow filtering the world.
31. 6 MayTop Links 1094 Scaling tech layoffs. Why to run the economy hot. Money doctors from Japan & Hobsbawm's biography.
32. 5 MayTop Links 1093 The GOP-tax problem. The SF consensus. The genesis of the modern state & literature after Auschwitz.
33. 4 MayTop Links 1092 Big oil is not coming to Trump's rescue. Tanzania's gas play. Metal Weber & "Origin Story".
34. 3 MayChartbook 445: Is a "China shock" coming for the "big ag" food regime?
35. 3 MayTop Links 1091 Price shocks. The economics of fathering. Dandyism, intellectualism and Japanese feminism.
36. 2 MayChartbook 444: Rolling back the "big Fed" - Kevin Warsh, the Hoover Institution & the conservative critique of the administrative state.
37. 2 MayTop Links 1090 US energy policy impasse. The global hierarchy of defense R&D. Early modern comparative religion & the true face of the Qing.
38. 1 MayTop Links 1089 Is America's long consumer boom faltering? Making up for Hormuz. Fascist Disneyland & an alt-history of the Cold War.

April 2026

1. 30 AprTop Links 1088 "Currencies aren't just vibes". Big tech cutbacks. UAE pressures Pakistan. Not enough Dante.
2. 29 AprTop Links 1087 Why 2026 is not 2022. That intel stake that keeps on growing. Thai petrol smuggling & Sartre's bizarre lifestyle.
3. 28 AprTop Links 1086 The war and the markets. Iran's defense spending. The battle of Vercors & the first athlete.
4. 27 AprTop Links 1085 Data-center blowback. Nazis in Liechtenstein. Underground war and bringing the dead back to life.
5. 26 AprChartbook 443 Hard-working hegemon? Why 21st-century America is not like Edwardian Britain.
6. 26 AprTop Links 1084 The new normal in America's political economy. Syrian property deals & the Trumps. Burial at sea and the history that made Lee Kuan Yew.
7. 25 AprTop Links 1083 China investing in batteries, India in dockyards. Big cuts in big tech & "Talking with Sartre".
8. 24 AprChartbook 443 "Obscurity to Notoriety" - Bessent, the UAE and how"swap lines" morph into "slush lines".
9. 24 AprTop Links 1082 China's oil reserves. Global hunger. America's megadrought & Adorno v. Gehlen.
10. 23 AprTop Links 1081 Time for a cartel of oil-importers? The US as roving bandit. Modern illiteracy. Far-right France.
11. 22 AprChartbook 442: Global imbalances - A new cocktail in old bottles: World Economy April 2026:
12. 22 AprTop Links 1080 The largest companies in the world. Indian divergence. RIP Robert Skidelsky & Black Boys on Mopeds.
13. 21 AprTop Link 1079 The tanker convoy to the Gulf coast. Explaining the market disconnect. Eastern Libya's money man & the scandal rocking China's chess establishment.
14. 20 AprTop Links 1078 The stealth manufacturing boom in the US. How will the world pay for the US AI boom? The Xi Jinping school of journalism & the sorrows of Burkean liberals.
15. 19 AprTop Links 1077 The hyperscaling upper bound. Why the rupee matters to Modi. The air-pollution mega-killers & sunken treasure in the Bay of Algeciras.
16. 18 AprTop Links 1076 "Looking through" Iran. Japan's car industry in trouble. Gum arabic and the Sudan conflict. India threatens Bangladeshi migrants with ... crocodiles.
17. 17 AprTop Links 1075 Global uncertainty. Why global growth in 2025 was so resilient. Guyana's boom & how the Chicago School confronted AIDS.
18. 17 AprChartbook 441 The Two-Faced Present - A conversation about the “short twentieth century” – and the paradoxical twenty-first with Wang Hui (in collaboration with Equator magazine)
19. 16 AprTop Links 1074 The last prewar tankers reach their destinations. Our euro, your solution? Who are the Dems? Everday life as "scanty residue".
20. 15 AprChartbook 440: Between complacency, escapism and cognitive dissonance. Impressions from the spring week in Washington, April 2026.
21. 15 AprTop Links 1073 Schumpeterian waves in the US economy. Deaths from malnutrition. How Ukraine survived & The path to the nest of spiders.
22. 14 AprTop Links 1072 Medium sour - the oil the US imports from the Gulf. Poland's armaments boom. The Wildfire Season in the US & the battle over marmalade.
23. 13 AprTop Links 1071 The Australian diesel armada. The health-care labour market slump. The history of cherry tree blossoming & the "assumption of inertia".
24. 12 AprTop Links 1070 From coalstate to electrostate. The revenge of the old economy. Killing cities. “The stance upon the ruined abode”
25. 10 AprTop Links 1068 How Orban's Hungary is lagging. The ruptural unity of crisis. The Prince and his heir & why exams are bad for you.
26. 9 AprTop Links 1067 The collapse of the New Deal financial order. The weakest links in the yield chain. After the Postwar moment, "are we the baddies"?
27. 8 AprTop Links 1066 Why US health care is so expensive. Hysteretic noise. Targeting pistachios & Family Values.
28. 7 AprTop Links 1065 America's aging homes. Russia's Iran windfall. Frederick's victory at Leuthen. Sci-fi, science and capitalism.
29. 6 AprTop Links 1064 Jobs v. cardboard boxes. Pakistan makes public transport free. The African retail battle. Bousquet or the "grand arrangement".
30. 5 AprTop Links 1063 US crude oil production breaks records. China clashes with BHP in the iron ore market. When Disney lionized Hitler's rocket scientist & dancing on the great firewall.
31. 4 AprTop Links 1062 China's pork glut. Desalination at risk in the Gulf. India embarks on its census & Schoenberg's coalition chess.
32. 3 AprTop Links 1061 Chinese safe haven bonds. DC delusions. "The interference of two wars". The struggle for mobility in the DRC.
33. 2 AprChartbook 439 Electrostates v. petrostates. Clarifying a tricky distinction.
34. 2 AprTop Links 1060 Foreign central banks are selling Treasuries. AI-enabling imports. Chevroletstan. Italian terror and Atlanticism.
35. 1 AprTop Links 1059 California running on batteries. The ethanol racket. Little treats. Monarch of my sorrows.

March 2026

1. 31 MarTop Links 1058 AI doom loop. The travails of the Chinese yacht market. AIPAC's shifting strategies & the Tapestry of the Great Fear.
2. 30 MarTop Links 1057 Chinese energy trends. The Asian presence in Silicon Valley. Trump and the Ostrogoths. Adorno and Hegel.
3. 29 MarTop Links 1056 Fertilizer plants out. Warehousing people. Overcoming modernity. Normcore.
4. 28 MarChartbook 438: "The continuation of critical theory by narrative means" - Alexander Kluge and the anti-realism of feelings.
5. 28 MarTop Links 1055 Trump as the Duke of York. The OpenAI ecosystem. Boost-phase interception & the first AI-war.
6. 27 MarTop Links 1054 The frozen housing market. Wearing Cuba down. Dead fire rekindled & Trumpian power as a source of enchantment.
7. 26 MarTop Links 1053 The costs of the Iran war. VW to make the Iron Dome. Hegemony is what you make of it & Sarkozy's prison notebooks.
8. 25 MarTop Links 1052 Where China gets its oil. How Aramco earns its profits. When Portugal controlled the Straits & NATOpolitianism.
9. 24 MarTop Links 1051 Looking at the wrong oil price. Insuring the Straits. Rupee weakness. Epstein and primal fathers.
10. 23 MarTop Links 1050 The geography of world trade. Demolitions in China. Child labour & Ashbery on the problem of anxiety.
11. 22 MarTop Links 1049 Texas energy is changing. $200bn for America's banks. Ireland's population. Vernacular Practice: papers on Flatness & Threads
12. 21 MarTop Links 1048 Central bank divergence. AI crash. How big is Iran? Sloterdijk on Habermas
13. 20 MarTop Links 1047 Petro Core. China is not done with infrastructure. Rosa Luxemburg’s Herbarium & Nehru on the Chinese revolution.
14. 19 MarTop Links 1046 ‘One day chicken, one day feathers’. Apple's shift to India. Made in Shenzhen. Here War Is Simple.
15. 18 MarTop Links 1045 Oil supply shocks. Hollywood slump. Sick jokes & how the French army's bush hat got cool.
16. 17 MarTop Links 1044 Global LNG. China's gig-workers. Haiti's carnage and Althusser on ideology and history.
17. 16 MarTop Links 1043 Oil profits. Why 2026 is not 2025. The Kill Line v. China Maxxing. Jürgen Habermas, RIP.
18. 15 MarTop Links 1042 Global Crude Hierarchy, Price of Electricity, and African Food Riots.
19. 14 MarTop Links 1041 Don't blame data centers. A new type of euro crisis. Running out of missiles & the Confucius Institute on how to stop your colleague flirting with your husband.
20. 13 MarTop Links 1040 Tax the billionaires. America's first new refinery in half a century. The economy as strategy. Cancer odds.
21. 12 MarTop Links 1039 Oil profit spikes and who benefits. China needs a better welfare state. The origin of the Cumberland sausage and the second life of drop tanks.
22. 11 MarTop Links 1038 Oil loses its bite. The historical diffusion of farming. Landscapes of power & the "Chance for Peace".
23. 10 MarTop Links 1037 How bad is a closure of the Straits? Revisiting THAT Summers chart! The Brits and Dubai & Baudrillard on "something more".
24. 9 MarTop Links 1036 India’s trade deficit, CO2 Emissions of Chocolate, and US Bases in Italy.
25. 8 MarTop Links 1035 Chinese and American fiscal exceptionalism. How the UK ended coal & Keynes on the "short run", in which we are "still alive”.
26. 7 MarTop Links 1034 The public land divide in the USA. The first cloud data center to become a casualty of war. Poetry form the past and Hamnet.
27. 6 MarTop Links 1033 The Midwest stabilizes. Globalization wars. John Nash drowning in books. On violence and Keynes.
28. 5 MarChartbook 437 Unseasonal war (2): Europe, gas & yet another February war. Aka, "oops ... we did it again!"
29. 5 MarTop Links 1032 Hormuz to Asia. Cuba goes solar. Gramsci on sex and production & Brecht on shooting people like me.
30. 4 MarChartbook 436 Unseasonal war. How the US-Israeli war on Iran threatens the global agricultural cycle.
31. 4 MarTop Links 1031 The gas price shock. Vietnamese coffee for the GDR. The completely political Keynes. Paraprosdokian.
32. 3 MarTop Links 1030 President Nyerere, Negri on Keynes, and Perception of Time.
33. 2 MarTop Links 1029 Americans leaving. Keynes and art. Sam Nitro & Kautsky's neo-imperialism.
34. 1 MarChartbook 435: All perversions have their acting out. Reading Baudrillard on the weekend of the attack on Iran.
35. 1 MarTop Links 1028 The anti-Trump trade. Critical-mineral competition. Enoch's Hammer & solving the economic problem.

February 2026

1. 28 FebTop Links 1027 Why the US gas business loves exports. Unger on Keynes. Decarbonization coalitions & the last Mauds in America.
2. 27 FebTop Link 1026 Billionaire women. Why it sucks to be a graduate in the UK. Economy as utopia. The Luftwaffe's interrogator.
3. 26 FebTop Links 1025 Late German Government spending. The Phoebus cartel. The pivot to that Asia has failed.
4. 25 FebTop Links 1024 Slashing government. Four-day Dutch. Epstein on Dalio. Keynes on sex questions.
5. 24 FebTop Links 1023 Clean capacity club. WWII & Keynesianism. A Love Supreme and a hundred flowers media.
6. 23 FebChartbook 434 Back to the 1970s (again) - Trump and the balance of payments.
7. 23 FebTop Links 1022 NY public school maths. Unhistorical economics. Comprehension debt & Magic Flute.
8. 22 FebTop Links 1021 Asia as manufacturing hub. Revaluing the RMB. Golf in DC & Endgame.
9. 21 FebTop Links 1020 A bad time for US equities. Keynes on the state. Cities without ground & Pol Roger.
10. 20 FebTop Links 1019 American financials love Trump. No data please, we are MAGA. Cambodia's payments & Hegel 13/13.
11. 19 FebTop Links 1018 The geography of US inflation. Crushing Cuba. A third industrial divide. Cornel West on Hegel.
12. 18 FebTop Links 1017 Bankers dethroned. Strangling Cuba. The fight over stablecoins & Vietnam's four nos.
13. 17 FebTop Links 1016 Dassault means trouble. LatAm's labour market. National security muffins & Gadamer's secrets to longevity.
14. 16 FebTop Links 1015 America's economic pluralism. Substack for sex. Survivors of the Light Brigade and Crisis & Critique.
15. 15 FebChartbook 433 Globalization as a eurasian story.
16. 15 FebTop Links 1014 19th-century brutalism. Gender gaps. Sinophobic Sinophilia & the biography of Habermas.
17. 14 FebTop Links 1013 No manufacturing renaissance. Chinese fx. Interviewing a Myanmar rebel. MacIntyre & Geuss.
18. 13 FebTop Links 1012 Google's investing. The economic cost of Brexit. Adrienne Rich's Sources & "the strangers’ case"
19. 12 FebTop Links 1011 Does AI raise productivity? Jay Z and the class struggle. Gadamer and Derrida in Heidelberg.
20. 11 FebTop Link 1010 Have US tariffs peaked? Is this the final crypto winter? Fei Xiaotong and the fate of Chinese sociology & Troeltsch and the crisis of historicism.
21. 10 FebTop Links 1009 The phases of US wage stagnation and growth. Stress testing. Roman trade routes and existential historicism.
22. 9 FebTop Links 1008 Weathervane economics. Rheinmetall's surge. The deadly sparring-partner & "From a Survivor".
23. 8 FebTop Links 1007 US profits. Global public spending. The new nuclear arms race & cultivating your "legitimate strangeness".
24. 7 FebTop Link 1006 US labour market cooling. The 2nd Mexican-American war. Monsters of justice and "Bonnie be good".
25. 6 FebTop Links 1005 India's geopolitical centrality. Pomegranates from Afghanistan. Old Mexico & "The Earth's Precariousness".
26. 5 FebTop Links 1004 Hedge fund correlations. The great fashion reshuffle. Soviet rocket man and China in Myanmar.
27. 4 FebTop Links 1003 Credit card profits. Apple's margins. Skipping the grid. 18th-century war machines.
28. 3 FebChartbook 432 "Writing column. Talking w peril" - polycrisis or stroke?
29. 3 FebTop Links 1002 The ICE bonanza. The foundations of money in democratic societies. Mehrling on Rogoff on chess. Early American art museums.
30. 2 FebTop Links 1001 Copper goes crazy. Cuba is running out of oil. Mehrling on Rogoff & the thaw on Kinmen island.
31. 1 FebTop Links 1000 Fed dissent. Restricting junk food. Hidden foster care & the secret SLS.

January 2026

1. 31 JanTop Links 999 Mississippi rice in trouble. The enshittification of American power. PCF HQ & the making of the Indian constitution.
2. 30 JanTop Links 998 Is India-EU a big deal? Mexico's slow growth. Debord on the Spectacle and MLK: "by all means keep moving”.
3. 29 JanTop Links 997 AI in the bond market. How the UK ended coal. Pasolini on Gramsci and Trotsky on Europe.
4. 28 JanTop Links 996 Democratization and growth. Avoiding the fossil detour. Is AI a failure? And, the first queen of Prussia.
5. 27 JanTop Link 995 How Intel came back to earth. China's gender crisis. The geography of the U-boat war. A movie about Leibniz.
6. 26 JanTop Links 994 Tesla's European shock. Dutch neoliberalism. Enigma & the dilemma of superior intelligence.
7. 25 JanTop Links 993 Coal in Asia. Tobin's race. Saudi Arabia changes course. The authoritarian threat to golf.
8. 24 JanTop links 992 OpenAI hustling for Gulf dollars. Subsidizing the ranchers. Schumpeter on democracy.
9. 24 JanChartbook 431 Convening, staging, acting ... and was it never about Greenland and mainly about the Fed? Which Davos-theory won?
10. 23 JanTop Links 991 How TSMC makes money. Japan's demography. Highways to Hitler. Debating Zbig.
11. 22 JanChartbook 430 After the thugs.
12. 22 JanTop Links 990 AI race. Iranian malaise. How Tudor trade policy backfired. The Schmitt-Hayek connection.
13. 21 JanChartbook 429 From transition to rupture: The evolution of Carney-thought 2019-2026.
14. 21 JanTop Links 989 The repo man cometh. Schacht in Iran. How native Americans met the horse & Pizza intel.
15. 20 JanTop Links 988 How Trump is victimizing America's petty bourgeoisie. The Sino-US investment reversal & Post-Russia.
16. 20 JanChartbook 428 To matter or not to matter: Two theories of Davos 2026.
17. 19 JanChartbook 427: Presence of mind and the present as prognosis - Reading Walter Benjamin.
18. 19 JanTop Links 987 The slow burn of uncertainty. The war of position at Starbucks. News-flow in 1848 & the (nasty) history of "Hammerskins".
19. 18 JanChartbook 426 Greenland v. the price of lab monkeys.
20. 18 JanTop Links 986 Shale sliding. Modern whaling. The nuclear dump in the Atlantic & the world according to Standard Oil.
21. 17 JanTop Links 985 Bad loans to malls. Iran's currency troubles. Germknödel & Leonardo's DNA.
22. 16 JanTop Links 984 Caesarization of the accountant. JFK as functional finance hero. "Homo narrans" & which parts of America are good at reading?
23. 15 JanTop Links 983 Yo-yoing defense stocks. ICE in decline. Tar wars, monsters and boogeymen.
24. 14 JanTop Links 982 The AI boom as a socio-economic phenomenon. We need more copper. Climate shock and the French revolution.
25. 13 JanTop Links 981 Deutsche Bank is back (kinda). The "in-between" places of crowded Africa. The Abraham accords and the Moroccan-Algerian arms race.
26. 12 JanChartbook 425: War over the Fed? Is this "The Big One" or will it be another moment of American nihilism?
27. 12 JanTop Links 980 Rents in Austin. Vietnam overtakes Thailand. Taylor Swift's earnings & Adorno on fascist car doors.
28. 11 JanTop Links 979 The transformation of global auto. Biosphere in flames. Arms & influence & the shipping news.
29. 10 JanTop Links 978 Charting Trump's tariffs. The world's wealthiest people. India building in the Himalayas & bombing Somalia.
30. 9 JanTop Links 977 Copper, copper, copper. How Americans feel about AI & dumbing down pop.
31. 8 JanTop Links 976 AI investment surges. China in Saudi Arabia. Coffee under stress & looking back at Avalon Hill.
32. 7 JanChartbook 424 The world of Risk, the "Donroe doctrine" & the geoeconomics of the Venezuelan intervention: some reading.
33. 7 JanTop Links 975 Real v. digital gold. Bulgarians & the euro. Soldiers as battery carriers & Tolstoy at the beach.
34. 6 JanTop Links 974 Silver v. oil. Price wars in China & Beijing's war games. Foucault on the villain's lair.
35. 5 JanChartbook 423 Some topical material on Venezuela. Hopefully useful.
36. 5 JanTop Links 973 The risks of meat. “TPP Zalău in demolition”. EDF chic. Non-random intricacies.
37. 4 JanTop Links 972 The year of Ellison. The price of being a carnivore. Predicting civil unrest & reading Stalker.
38. 3 JanTop Links 971 Tech billionaires. Big ingots. Soviet surrealism & the banger.
39. 2 JanTop Links 970 Worrying about the US labour market. Adorno on sociology & the genocidal logic of permanent security.
40. 1 JanTop Links 969 Angry French steel workers. The case for European counter-policy. Broligarchie. Audrey Hepburn & Anne Frank.

2025 447

December 2025

1. 31 DecTop Links 968 K-shaped economy. China's East-West data and energy economy & mourning a hoplite.
2. 30 DecTop Links 967 Baskets of tech CDS. Chip smuggling. Male resentment & the Ernst Jünger of South Tirol.
3. 29 DecChartbook 422: The malign coincidence revisited: The great "melt up" of 2025, hyperfinancialization and liquidity.
4. 29 DecTop Links 966 Apollo going risk-off. What's up with Belgium. Southern geometries and François Ier's châteaux.
5. 28 DecTop Links 965 Oracle's CapEx shock. The German credit crunch of 2022. Work-related deaths & Žižek "chats" with Kotkin about Stalin.
6. 27 DecTop Links 964 Germany's little known-recession. China's connectors. Sudan's scale and slavery today.
7. 26 DecTop Links 963 European divergence. Stablecoin flows. Southern Air Transport. Hamas explained.
8. 25 DecTop Links 962 The Christian war on Santa. Girls overtaking. The making of America's techno-nationalist elite & The Wages of Fusion.
9. 24 DecTop Links 961 Zero-sum economics. Trump's family network. India's coal addiction. Mobiles and stables.
10. 23 DecChartbook 421: The end of American soft-power? From Coca-colonization to Fanta-ization
11. 23 DecTop Links 960 The smartphone shock. The Chinese Christmas factory. CFR v. TFR. A fever-dream of Risk.
12. 22 DecTop Links 959 Dodgy numbers. Black unemployment. Varoufakis fake. Embracing decline.
13. 21 DecChartbook 420 Is "decline" really Europe's problem. Or is Europe the more agreeable downleg of a K-shaped OECD?
14. 21 DecTop Links 958 Burned-out doctors. UK deconvergence. The kola trade & "Good tank farms".
15. 20 DecTop Links 957 The AI money machine. Against European self-denigration and a Louvre full of plan-relief.
16. 19 DecChartbook 419 The old new Cold War is dead. Long live the new old Cold War: The political logic of Trumpian strategy.
17. 19 DecTop Links 956 Dollar reserves. The politics of hunger in Sudan. Microscopic robots & Ralph Lauren's Christmas.
18. 18 DecA bunker of rare earths. No more Lightning. Pandemic security. Jakarta's growth.
19. 18 DecTop Links 955 A bunker of rare earths. No more Lightning. Pandemic security. Jakarta's growth.
20. 17 DecTop Links 954 Financial nihilism. Italian gold. Confronting defeat & Modi v. the Maoists.
21. 16 DecTop Links 953 The fiscal politics of gambling. Sanctions are biting. Ubuntu and the "Table of Drops".
22. 15 DecTop Links 952 Tracking google to call the peak. Getting Europeans to love finance & how Sargent fell out of love with portrait-painting.
23. 14 DecTop Links 951 Prime age workers scarcity. Italian alternate history. VW Doubling down on China & The Minimal Winning Coalition.
24. 13 DecTop Links 950 America's short-lived green boom. China's labour costs. West African coups & the Republican rogue elephant.
25. 12 DecTop Links 949 The rubble of Gaza. African Brazil. Drunken Lectures and Pasolini on the flattening of Italy by consumerism.
26. 11 DecTop Links 948 Data centers replace offices. AI replaces teachers. Poems on petroleum & the war on Bohemia.
27. 10 DecTop Links 947 Safe assets. Robots in China. Powering Africa. Fascism in the body.
28. 9 DecTop Links 946 Gas price shock in America. Russia's Congo pipeline. High-voltage & FIFA's peace prize.
29. 8 DecTop Links 945 Why the US feels so expensive. The electrotech solution space. The history of degrowth & the most remote village in China.
30. 7 DecTop Links 944 America's K-shaped economy. Zero haircuts. The Great Derangement & the language of the body.
31. 6 DecTop Links 943 Walmart's business model. The Houthi financial crisis. How the cat came to Europe & military panorama painting.
32. 5 DecTop Links 942 The global dollar zone. Italian unemployment. China's pharma surge & a multiplex world.
33. 4 DecTop Links 941 Resilient US consumption & Chinese anti-fatigue monitoring systems. How much do Russian missiles really cost? Warhammer as Thatcherite satire.
34. 4 DecChartbook 418: Polygloom - What's wrong with Germany?
35. 2 DecTop Links 940 China's export surge. Baby Lenin, involution & Accenture the mega consultancy.
36. 2 DecTop Links 939 Global Agg. China's energy storage boom. The collapse in FDI to China. The legacy of Ungern-Sternberg.
37. 1 DecTop Links 938 America's great divergence. The birth of "Electrotech" out of the digital revolution. Desertification in Inner Mongolia & "cultural workmen".

November 2025

1. 30 NovTop Links 937 Satoshi's gift to the faithful. The world's lab. Drones in Colombia and in balloons bombard Venice.
2. 29 NovTop Links 936 Bitcoin as Trump trade. The scramble for copper. The devil's hair dryer. After surgery.
3. 28 NovTop Links 935 What hedge funds are shorting. The electrotech revolution. Monroe Doctrine 2.0 & how Napoleonic mathematicians brought the blackboard to America.
4. 27 NovTop Links 934 Trade war snapshot. The price of fossil fuels. Pentagon capitalism. Voting for torture.
5. 26 NovTop Links 933 America's feeble bid for dominance. Gaming a Taiwan blockade. Export controls on rhubarb & white-collar terror modules.
6. 25 NovTop Links 932 The warning signals from Bitcoin. French statistics. The drone ecosystem & AI for therapy.
7. 24 NovCalling for a purge. Is "collective leadership" making a come back? Publicity right. The "death bump" & Flecktarn.
8. 24 NovTop Links 931 Calling for a purge. Is "collective leadership" making a come back? Publicity right. The "death bump" & Flecktarn.
9. 23 NovTop Links 930 AI financing jitters. Slow loan growth in China. The grimness of Penn Station & Bible apps.
10. 22 NovTop Links 929 Trillion dollar buy-backs. Europe conservative R&D. Mountain-biking with Bush in Beijing. Night herons.
11. 21 NovTop Links 928 NEET. Greening Poland. Epstein and the Washington Consensus. "The form of life is only the present".
12. 20 NovTop Links 927 Concentration risk. The middle technology trap. C5+1 & "synchronous world".
13. 19 NovTop Links 926 America's polarized prosperity. Germany's industry in the doldrums. China's military power struggles & Auden on the dialectic.
14. 18 NovTop Links 925 China's CO2 emissions plateau. Arizona's emerging chip cluster. Asian water wars and the "camp life" of revolution.
15. 17 NovTop Links 924 Asia's historic comeback. OPEC's pain threshold. An anti-Nazi Bavarian and the sex-plan for spacemen.
16. 16 NovChartbook 417 One Belt One Road 2.0. China's new paradigm?
17. 16 NovTop Links 923 If Europe can’t spend big, who can? "A long slow bet on laziness". Meatscape & German Venezuela.
18. 15 NovTop Links 922 Unhappy American consumers. (Unexpected) inflation tax. Accelerating singlehood & how the Abraham Accords have come to Central Asia.
19. 14 NovTop Links 921 Integrating AI. The global distribution of hail. Pre-tomato Italy & "Bad Medicine for Dr Drugs".
20. 13 NovTop Links 920 Dangerous positioning. Financial repression in the 21st century. Ornette Coleman and Jacques Derrida in conversation.
21. 12 NovChartbook 416 Ordering not order: Thinking about the future of the world economy in 2025, with historians, journalists, political scientists and ... Nietzsche.
22. 12 NovTop Links 919 US banking deconvergence. Halloween tariff nightmares. When internal combustion peaked & Keynes in China.
23. 11 NovTop Links 918 Military contractor buybacks. How Chinese consumer confidence collapsed. From Napoleonic fortress to hotel & Kot d'Azur.
24. 10 NovTop Links 917 Is the US in the midst of a productivity surge? China's social safety net. Scholars v. academics & Building a ruin.
25. 9 NovChartbook 415 Zohran Mamdani, New York City and the promise to revive social democracy in America.
26. 9 NovTop Links 916 Homoploutia. China's urban agglomerations. Backing Millei & mangles in Glasgow.
27. 8 NovTop Links 915 The data center-power equation. Putting off the brightest. Mali's capital in danger & "The Poem with No End".
28. 7 NovTop Links 914 Trump's North American tariff disaster. Benchmarking CEOs. Learning poverty & the crown jewels.
29. 6 NovTop Links 913 Comparing chips. The NYC real wage squeeze. Guest-workers are back. Getty's dodgy artifacts.
30. 5 NovTop Links 912 Which energy transition? Mountain Pass, the mother load of rare earths. Palantir ontology. "(P)rofligate like a floodlight in the sun".
31. 4 NovTop Links 911 The end of Fed dominance. Rules v. napkins. Old people playing on phones & JFK and Malraux on the transcendent importance of TV.
32. 3 NovTop Links 910 When trillion-dollar stocks swing. Can Asean perserves its balance? After the ballot & pools of blood you can see from space.
33. 2 NovChartbook 414: Slouching towards (Red-Green) utopia. Voicing the muted politics of China's renewable energy revolution.
34. 2 NovTop Links 909 AI capex. How Pakistan has fallen behind. The world's sniper rifle & Metahistory.
35. 1 NovTop Links 908 The soap opera of policy. Data centers & electricity demand. Caged miners and the Franco-Prussian war at sea.

October 2025

1. 31 OctTop Links 907 How Fidelity grew to be a behemoth. The era of Malthusian growth. Foucault's library. Exposing Gladio.
2. 30 OctTop Link 906 Treasuries losing their shine. Nigerian births. Tanzanian terror & “the traveler of Islam”
3. 29 OctTop Links 905 Why gold and stocks are partying together. Markets for GPUs. Heartwarming stories from along the Belt and Road & gaming the heartbreak of Amsterdam housing.
4. 28 OctTop Links 904 How unemployment and social isolation drive deaths of despair. 18th century inflation-linked bonds. The last project state & the memory of signs.
5. 27 OctTop Links 903 Who is paying Trump's tariffs? Brazil is doubling down on oil and gas. The society of rackets & the Mexican-American war.
6. 26 OctTop Links 902 JP Morgan's domination. Debt consolidations. Sugar rationing would be good for us & making sense of "Wilhelmus".
7. 25 OctTop Links 901 The bubble and elite satisfaction in the US. VPN users. How states get recognized & the risk of an Eritrean-Ethiopian war.
8. 24 OctTop Links 900 Napoleonic debt levels. Trading steaks. Gazan trade routes and the Soviet love of German trucks.
9. 23 OctTop Links 899 Yes tariffs do hurt. Why prices for luxury goods and services are diverging. Trafalgar & 1066 and all that.
10. 22 OctTop Links 898 The cogworks of growth. Driving green technology. Thailand and Cambodia's war of maps & cardiac blues.
11. 21 OctTop Links 897 AI's trillion-dollar loss-makers. TSMC's very real profits. Cockroaches v. termites. Coca =/= cocaine.
12. 20 OctTop Links 896 The risk of a big American stock market crash. Sino-Icelandic cooperation on geothermal. Vaccinating the world's children and what else China is building in Tibet.
13. 19 OctTop Links 895 Trump's tariffs are hurting. Porsche in trouble. The battle in Seattle & the poetics of the greenhouse.
14. 18 OctTop Links 894 The return of the barbarous relic. Americans are paying for tariffs. Milquetoast & the Viking age.
15. 17 OctTop Links 893 Exporting greenbacks. Soybean boosters. Krasznahorkai's disgust & the invention of Tipp-Ex.
16. 16 OctTop Links 892 If California and New York tip. “Ni lo intentes”. Italy's unification treatment & "What have I become".
17. 15 OctTop Links 891 High-altitude solar. Yamaha's fake engine. The coming antichrist & Cash on communalism.
18. 14 OctTop Links 890 The repo man cometh. What is at stake in the US shutdown. Putting the world on its side & rebuilding Coventry.
19. 13 OctTop Links 889 Levi’s are back. How business likes crackdowns. New geographies and the last colony in Africa.
20. 12 OctChartbook 413 The future of the world economy beyond globalization - or, thinking with soup.
21. 12 OctTop Links 888 The vaccine paradox. The amount of oil in transit. Bonkbusters & painting la République.
22. 11 OctTop Links 887 More AI-chipmaker hook ups. Are you feeling the gold fomo? RSS at one hundred & there "Ain't no way".
23. 10 OctTop Links 886 The dollar uncoupled. Rheinmetall's rise. The double invasion of 1066 & the Social Life of Small Urban Spaces.
24. 9 OctTop Links 885 Questioning dollar weakness. Hollywood's economy. Supermarionation & how Zoroastrians played the Great Game.
25. 8 OctChartbook 412 - Economics in the Face of Genocide, the Yusif A. Sayigh Development Lecture, 22 October 2025
26. 8 OctTop Links 884 The AI hardware stack. India's stagnant investment. Punjab floods and the history of French hydropower.
27. 7 OctTop Links 883 Has most of the world passed peak social media? A planet healthy diet & will China forever remain an engineering state?
28. 6 OctTop Links 882 Tariffs on bonfire night. Weak dollar boosts US multinationals. How Russia's missiles are getting through & why our lives depend on diesel engines.
29. 5 OctTop Links 881 American poverty. Electric trucks. The Asahi crisis & India’s Latest Ladakh Crisis.
30. 4 OctChartbook 411 The twilight of Macronisme: Jean Pisani-Ferry's cri de cœur.
31. 4 OctTop Links 880 How Mexico overtook the City in IPOs. $10 trn per day in fx & hydro-hegemony.
32. 3 OctTop Links 879 Nvidia's chip diplomacy. GM's pivot away from EV & ASEANs super grid.
33. 2 OctTop Links 878 American consumption. Alien tracker. Why Argentina has more dollar reserves than the US & the world's most persecuted people.
34. 1 OctTop Links 877 When CEOs say what they really think. The rise and fall of worker power and are you a "NPC"?

September 2025

1. 30 SepTop Links 876 Why Milei needs bailing out. Anti-gun charms in Lagos & Linda, Linda, Linda.
2. 29 SepHow Oracle makes money. The price of tents in Gaza. "Soviet power plus electrification".
3. 29 SepTop Links 875 How Oracle makes money. The price of tents in Gaza. "Soviet power plus electrification".
4. 28 SepTop Links 874 Trump's China hawks are coming for the IMF. Screw worms are scary & the "lost drone of stopped machines".
5. 27 SepTop Links 873 Eggs slump. More terrible news about Britain. Borrower leadership & the Greek colonels.
6. 26 SepTop Links 872 Labour markets of the future. China's gig economy. Cross on wheels & the postwar ratlines.
7. 25 SepTop Links 871 Big tech boom. "The first law of petropolitics". Writing African independence & forswunk.
8. 24 SepTop Links 870 Slashing Federal R&D. Educational premiums. AI as cultural technology & Ekphrasis.
9. 23 SepChartbook 410: Malign coincidence - MAGA & the moment of hyperscaling.
10. 23 SepTop Links 869 Summer at Kenwood. Hedging the dollar. A nation of shop-keepers & science as a prediction engine.
11. 22 SepTop Links 868 Crazy-rich Americans. Saudi lounge culture. Gypstacks & the 1937 Ohio floods
12. 21 SepTop Links 867 Betting on the markets. Low-wage Germany. The US economy in gold & not all excrement is equal.
13. 20 SepTop Links 866 The $3 trillion bet on AI. The Napoleonic war and trans-Atlantic shipping. Asia's restless youth & China's wild history.
14. 19 SepChartbook 409 Beyond the "Marshall Plan": China's solar boom as world-changing industrial policy.
15. 19 SepTop Links 865 Unaffordable NYC. Bangladesh's missing billions. Hostile climate modification & the Fengshui of power.
16. 18 SepTop Links 864 Deflationary Asia. Declining Literacy. China, India and Bandung & humid hell.
17. 17 SepTop Links 863 Americans are worse off. Levels of literacy. Cuban blackouts and recommissioning World War II runways in the Pacific.
18. 16 SepTop Links 862 Hyper-scaling. Rotterdam. Crossing Africa by car and Napoleon IV.
19. 15 SepTop Links 861 German spending. Thanatocene. Eat Art and Big Asia.
20. 14 SepTop Links 860 The end of Technicolor. European debts. Astrographic command & René Char's Inventors.
21. 13 SepTop Links 859 America's slowing summer. How China came to dominate wind power. Lebanese counter-revolutionaries & why novelists are like spies.
22. 12 SepChartbook 408: After the Last Utopia: China, the US, sustainable development and Hayek's bastards.
23. 12 SepTop Links 858 Japan and Australia side-stepping the USA. Russian energy exports. Nadal and the Spanish aristocracy & Out to Lunch.
24. 11 SepTop Links 857 US state-level inequality. India's salt industry. Watching a graveyard from space. Chaos—Stopless.
25. 10 SepTop Links 856 The military colony of Alaska. African migration. The rise of neo-people & Hayek's bastards.
26. 9 SepTop Links 855 The international investment regime. Where Africans migrate. From Berlin to Baghdad. The Cellars of the Soul.
27. 8 SepTop Links 854 Hard money loans going bad. Greenium. My Life had stood - a Loaded Gun.
28. 7 SepTop Links 853 Paying for athletics in America. BP in Baku. The"Don't go to Spain"-campaign & the world's first astronaut.
29. 6 SepChartbook 407: Polycrisis revisited: Are we beyond Neoliberal Order Breakdown Syndrome?
30. 6 SepTop Links 852 Lefties have no kids. Airbus over Boeing. India's political economy & weird things in the sky.
31. 5 SepTop Links 851 America's beef deficit. Wind on the ropes. ICE flights & the politics of Stonehenge.
32. 4 SepTop Links 850 $1 trillion in buybacks. Lessons in economic statecraft. Methane mapping & Big Data for the Leviathan.
33. 3 SepTop Links 849 Global public debt. Nvidia eats the world. On not getting out of bed & the Golden Road.
34. 2 SepTop Links 848 How the "Millet Group" got big. The economics of asteroids & Venezuela's Tinkerbell theory of economics.
35. 1 SepTop Links 847 Multinational profits. Sahel under pressure. Tracking climate history & Marx v. Weber.

August 2025

1. 31 AugTop Links 846 The fantasy of home-grown American chipmaking. FDI in Europe slumping. Surveying the fabric.
2. 30 AugTop Links 845 Trump's North American stagflation shock. SDG investment "in crisis" & gaslighting.
3. 29 AugTop Links 844 Fed independence. The great lumber price-spike. Shorting Palantir & Tetsuo The Iron Man.
4. 28 AugTop Links 843 Investing in the GSEs. Sharks. Developmental authoritarianism and a "city of terror".
5. 27 AugTop Links 842 The "Sell America"-moment that wasn't. Germany's apprenticeship system under pressure & "the stains of blackberries near Marx’s grave"
6. 26 AugChartbook 406 Trump v. the Fed: or how history is forcing the question of a democratic politics of central banking.
7. 26 AugTop Links 841 How tariffs pile up. ICEing the economy. What "Bridge" wants & "my asylum".
8. 25 AugTop Links 840 Making China's rare earth domination. Bolivia's coca kingdom. The CIA's unbroken code.
9. 24 AugTop Links 839 The "fast-casual" slowdown. Bulk producing patriots. High-density apple cultivation & the strange world of bardcore and tavenwave
10. 23 AugTop Links 838 Native American sovereign wealth funds. Global coal. Vietnamese bananas & "We didn't mean to go to sea".
11. 22 AugChartbook 405 Bulldozing Gaza: (Thanatocene mini-series #4)
12. 22 AugTop Links 837 American globalization & Armington elasticity. The world's ten fastest growing cities & toasting to the success of our hopeless cause.
13. 21 AugTop Links 836 Privilège exorbitant. The $6.3 Trillion India-China Stock Gap. After Kant and the "Devil's Disciple".
14. 20 AugTop Links 835 Why trade within Latin America and Africa is stalled. Why China is pushing for elections in Myanmar and the business of doodles.
15. 20 AugChartbook 404 Violence and (de)development: From Gaza to "fragile and conflict-affected situations"
16. 19 AugTop Links 834 Flying credit cards. American multinationals. Valuable plastic robots & anti-ugly pills.
17. 18 AugTop Links 833 How tariffs hit Japanese cars. Why wifi on European trains sucks. Meloni builds a bridge and Saddam's romance novels.
18. 17 AugTop Links 832 How Gen Alpha influences US consumption. Lithography the final frontier of manufacturing. Iran's heatwave and living in Arcadia.
19. 16 AugTop Links 831 The stained glass moment. Tomato trade wars. The genetics of Heinz 1706 & Nongqongqo
20. 15 AugTop Links 830 US mega caps. Semiconductor investment boom. Shock city. Stalin - warrior of the year.
21. 14 AugTop Links 829 Underbuilt housing. How China is beating out the USA. Putin & anti-mimesis & pastoralist homes.
22. 13 AugTop Links 828 Cocoa smuggling. From radical to neo-Nazi. "Your darkness" & Pop goes the Easel.
23. 12 AugTop Links 827 Liquid gold. Anti-vax in America. Baltic bloom & The Fable of the Bees.
24. 11 AugTop Links 826 How markets learned to love the trade war. How fiscal policy loses its discretionary scope & the global peanut butter rankings.
25. 10 AugTop Links 825 Central bank independence in historical context. Where the robots are. Carbon technocracy & the psychoanalytic view of the good life.
26. 9 AugTop Links 824 Ukrainian bonds. Talking about currencies. Rebuilding The Kingdom & The Men of 1924.
27. 8 AugChartbook 403 Trump as a Gulliver ... with no clothes.
28. 8 AugTop Links 823 Abusing Powell. Greenhushing. Global Forest Watch, Vegemite in space.
29. 7 AugTop Links 822 The US economy: no longer growing nicely. Reinterpreting the GFC and where Haiti's gangs get their guns.
30. 6 AugTop Links 821 Flooding the zone. Can a country be too rich? The legacy of oil rigs & Croatia's festival of ultra-nationalist rock.
31. 5 AugChartbook 402 Dual-circulation: travels through China in the summer of 2025.
32. 5 AugTop Links 820 YKK the global zipper company. Hit over the head by scale. The global history of the Tortilla.
33. 4 AugTop Links 819 Overcapacity in ... diamonds! The Bureau of Lost Statistics. Slim Samsungs & relationship advice from Nietzsche.
34. 3 AugTop Links 818 Sun Block: Red State advantage eroding? Why does Israel protect the Druze and Sanssouci in Beijing.
35. 2 AugTop Links 817 GM eats Trump's tariffs. Traders rule. Who will buy, Indonesia's "Kangaroo" bond? And, “goods beyond earth”.
36. 1 AugTop Links 816 How the "Big Beautiful Bill" will cost lives. Dysprosium from the warlords of Myanmar. Factories in space. Popular archaeology and China's Great Wall.

July 2025

1. 31 JulTop Links 815 Is the US housing market on the brink? How the Houthis import oil. Beating cancer & Chris Clark on the end of modernity.
2. 30 JulChartbook 401: The dollar system in an age of market-based finance - financial globalization beyond banks (The World Economy Now, July 2025)
3. 30 JulTop Links 814 How strong is the US labour market? From GENIUS to CLARITY. Palantir's bonkers valuation & who is mounting drone strikes on Indian separatists in Myanmar?
4. 29 JulTop Links 813 How AI is eating the internet. Where to buy an affordable American-badged car. The G7 horror show & subjectivity in language.
5. 28 JulTop Links 812 Arresting toddlers. How China is changing the global drugs pipeline. Epic narratives of the green revolution & how the destruction of Gaza is even worse than previously estimated.
6. 27 JulChartbook 400: Murder not crisis - Why Israel's starvation of Gaza is exceptional in a global context.
7. 27 JulTop Links 811 Dali and the dollar. Making the most of the “longevity dividend”. The fall of the Roman Republic and how a Baywatch star became a Berlin hero.
8. 25 JulTop Links 810 The shape of globalization. MAGA's parallel economy. Balochistan and thinking about 危机。
9. 24 JulChartbook 399: Columbia University, the Trump administration and "ad hoc governance": Iterations of the "Unstate".
10. 24 JulTop Links 809 About that dam in Tibet. Supermarketisation. The history of political arithmetic & China's "Five Major Homes".
11. 23 JulTop Links 808 Dollar reserves. Hundred model war. New risks of nuclear tripolarity.
12. 22 JulTop Links 807 Vietnam's manufacturing boom. Chongqing: China's motorcycle capita. The Walls Do Not Fall.
13. 21 JulChartbook 398 Letting our "no ones" live: translating Sloterdijk with DeepSeek
14. 21 JulTop Links 806 The most expensive object in the world. The US deficit and the voracity effect. Dreamcore and 2&3W-motorization.
15. 20 JulChartbook 397 Dollar trap or empire by invitation? The global political economy of the dollar system.
16. 20 JulTop Links 805 AI's mega-scale. The Diderot effect and China's Southeast Asian mega projects.
17. 19 JulTop Links 804 A quadrillion dollar market. The NHS, the UK's national religion, in crisis & development as the "master key".
18. 18 JulTop Links 803 Big pharma's patent cliff. Stealthgas and the "dark fleet". The etymology of the "golden triangle".
19. 17 JulTop Links 802 Investing in coercion. Liechtenstein hit by zombies. China's slowdown vocabulary.
20. 16 JulChartbook 396 Strangelove in the Middle East - or how the markets learned to stop worrying and love Israel's rampage.
21. 16 JulTop Links 801 Is a decade of American exceptionalism coming to an end? The stages of China's real estate grief. Saving Rococo from Trump & the "Age of Hard Trying.
22. 15 JulTop Links 800 Chinese investors snapping up mining assets. The coming shift in global labour markets. Sperm-freezing startups.
23. 14 JulTop Links 799 Slum Song. The markets reward Israel. Scattered Spiders are coming for your groceries and living in the first century of world wars.
24. 13 JulTop Links 798 A poor start for the dollar. Lighting up Africa. Estonian barbed wire. The Chinese in Vietnam.
25. 12 JulTop Links 797 Upgrading America's military-industrial complex. The Rise and Fall of China’s ‘Fentanyl King’ & the "hole left by the Christian dark ages" ;)
26. 11 JulTop Links 796 The sanctification of small business. How gold is displacing coca. A German drought and the first lawnmower.
27. 10 JulTop Links 795 How global bond markets closed for low-income borrowers and then reopened. Selling ICE fossils to Russia. China's AI competition & One Art.
28. 9 JulTop Links 794 "Reconstructing" Gaza. Alberta's powerhouse economy. Autonomous mining & the map-maker's colors.
29. 8 JulTop Links 793 Stablecoins and MMF compared. China Investment Corp in retreat. Biology & air-conditioning & not knowing yet wanting-to-know.
30. 7 JulTop Links 792 Ripping up books. Turkey's economy stumbling. How heritage is outrunning net zero in industrial Germany and cod evolved to avoid the nets.
31. 6 JulTop Links 791 How war displaced tariffs from the news agenda. Gold in China. Roman sewerage & hapax legomenon.
32. 5 JulTop Links 790 Broker-dealers under pressure. Mayotte's demographic surge & the Antonine plague.
33. 4 JulTop LInks 787 Corporate GHG emissions. History's biggest trade surpluses. China's low-altitude economy & global femicide.
34. 3 JulTop Links 786 Coal and the climate crisis. European auto dividens. Pitching for Gaza work. Hot Money. Metaphysical authority in Pakistan.
35. 2 JulTop Links 785 China in the gold market. Information Spillovers Within Couples. The cost of children & the PRC and Bretton Woods.
36. 1 JulTop Links 784 Exorbitant privilege? Productivity differentials. The global land price boom & the fond farewells to Marxism Today.

June 2025

1. 30 JunChartbook 395 Youth, the middle-class & the NYC mayoral race: an appeal for more analysis.
2. 30 JunTop Links 783 Congressional Alpha, the Iberian power failure. Global land grabs and the history of bed bugs.
3. 29 JunChartbook 394 "A City we can afford": capitalism and democracy in New York
4. 29 JunTop Links 782 America's largest firms employ fewer workers. Three housing crises not one. Less money for science and conscious walking.
5. 28 JunTop Links 781 Tesla's China slide. Part-time Germans. Soviet AI. A Symphony of Sighs.
6. 27 JunTop Links 780 First-time home buyers. Stablecoin surge. Thatcher's Volcker shock & the Alpha Course.
7. 26 JunTop Links 779 Tariffs, trade and macro balances. Taking stock of shock & Frostbite: How Refrigeration Changed our Food
8. 25 JunTop Links 778 America's sectoral balances. Bro Billionaires v. the Base. Russian casualties & Xi's dad.
9. 24 JunTop Links 789 The looming frontier market debt maturity wall. ESG reverses. Mao and the mango cult.
10. 23 JunTop Links 788 Who has the most stringent climate policy? BYD's Seagull. Nietzsche and risotto. Skiing Bretton Woods.
11. 22 JunTop Links 777 Standout productivity. China bottoms out. AIDS deaths & the "Californian Ideology"
12. 22 JunChartbook 393: Whither China? - World Economy Now, June 2025 Edition
13. 21 JunTop Links 776 California's carbon market hits the floor. Spying on luxury yacht builders. Kagame's extraordinary career & Goldin's sharp eye.
14. 20 JunTop Links 775 America's data disaster is here. Bimodal oil prices. Defending Angela Merkel and what is wrong with Ford engines.
15. 20 JunChartbook 392 Incoming from outer space: The geo-military radicalism of Iran v. Israel 2025.
16. 19 JunTop Links 774 One Big Beautiful Giveaway. How Turkish pistols conquered US markets. The Chinese legacy of Fischer-Tropsch. Haiti's escalating crisis & "where the bombs fall".
17. 18 JunTop Links 773 How a private equity titan became an insurance-backed quasi-bank. Narrating the AI boom & rethinking the "fall of Rome".
18. 17 JunTop Links 772 Private equity polarizes. South Africa's growth chances dim & the Holy Alliance as "steampunk Terminator".
19. 16 JunTop Links 771 How Amazon dominates the US clothing market. Driverless Chinese trucks and where lightning strikes.
20. 15 JunTop Links 770 Foreign foods. Where CEOs are recruited from. Trillion-dollar alien invaders & Marx's republicanism.
21. 14 JunTop Links 769 Apple in China. Solar overtakes nuclear. The great Venezuelan exodus & the life of a radical historian.
22. 13 JunChartbook 391 How to predict a 1 in 1,000 year riot: the insurance expertise gearing up to commodify America's agony.
23. 13 JunTop Links 768 Here come the robots. Truck parking & Walt Whitman as "self-fashioning vector of the spirit of the age".
24. 12 JunTop Links 767 The surge in global steel production that is not glutting global markets. Fiscal federalism in Nigeria and the MidEast AI play.
25. 11 JunTop Links 766 No tariffs on vintage. The turbine crisis. Hayek's bastards and Blue Jerusalem.
26. 10 JunTop Links 765 Military R&D in America. Nigeria's investment plans. The "imperial meridian" and Nelson on the mosquito coast.
27. 10 JunChartbook 390 Beyond LA: Logics of escalation from Black Lives Matter (2020) to "No Kings" (June 14 2025)
28. 9 JunTop Links 764 The assault on foreign students in the US. The Palantir bubble & the Norman Conquest.
29. 8 JunChartbook 389: Europe's zombie armies. Or how to spend $3.1 trillion and have precious little to show for it.
30. 8 JunTop Links 763 Windsor, Ontario. On the trade war frontline. Protecting the naira. Guinea Savannah Zone land-grabbing.
31. 7 JunTop Links 762 Historicizing fx reserves. Russia's economy running hot. The fall of a fascist explorer & the "Ruler of My Heart".
32. 6 JunChartbook 388: Trump v. Musk - Alien v. Predator or "death march" into a political vacuum?
33. 6 JunTop Links 761 The limits of China's domestic market. Gold digging in Syria. African drone poliferation & the making of Balamory.
34. 5 JunTop Links 760 China's emissions reach a turning point. Mondrian goes dancing & Kazakh stunts.
35. 4 JunTop Links 759 The privatization of ICE detention. The monsoon comes early. Mogadishu under pressure & an African road.
36. 3 JunTop Links 758 Delinquent consumer debt. South Africa's unemployment crisis. Napoleon's sword and the legend of the "Black Star" pistol.
37. 2 JunTop Links 757 Flipping correlations. Mapping credit scores. Saudi twitter & the secrets of the RG.
38. 1 JunTop Links 756 Tariff-sensitive inflation is on its way. The crisis in the diamond business. The Sound of Music and Caught by the Tides.

May 2025

1. 31 MayTop Links 755 The non-drama of America's energy transition. Muscling Starlink into Gambia. The weirdness of Neom & 1930s aero.
2. 30 MayTop Links 754 Exxon's long plateau. Banana economics. Modal magic & the General of Physics.
3. 29 MayTop Links 753 Front-running European exports. The American transfer state. Troll farm hierarchy & the economics of motor-racing.
4. 28 MayTop Links 752 Phases of economic history/ascendant economic ideologies. China's renewables megabases & how banana bunches are organized.
5. 27 MayTop Links 751 Thinking of history from my space. The real wage growth gap & measuring infant mortality right.
6. 26 MayTop Links 750 The foreign trade agenda of US states. Namibia's green dreams. ‘Sex, Drugs and Zombies’ & Brood XIV
7. 25 MayTop Links 749 Tanning and the tariffs. How small boats are getting bigger. Liverpool and the unmaking of Britain.
8. 24 MayTop Links 748 Why US agricultural exports matter. Industrializing Carrara & the giant impact of America's mass incarceration.
9. 23 MayTop Links 747 The beef price shock. China's key imports & Abu Dhabi's axis of secessionists.
10. 23 MayChartbook 387: What fires burned at Auschwitz? On the place of the Holocaust in uneven and combined development.
11. 22 MayTop Links 746 Why the dollar is depreciating. South-South migration. HEAL jobs. Marseille, Corsica & the French Connection.
12. 21 MayTop Links 745 The coming student loan shock. Who wants to invest in Saudi? Stalin's man in Belgrade.
13. 20 MayTop Links 744 When will America's economy stall? The Swiss franc under pressure. China's domestic coffee boom & a tragic vision of the civil rights movement.
14. 19 MayChartbook 386: How China's powerslide is driving the global green electricity transition.
15. 19 MayTop Links 743 How markets learned to live with Sheinbaum. Lacking education in the US, really, really hurts. Saudi oil policy & the strange beauty of the Liaoning.
16. 18 MayTop Links 742 MAGA chart action. African remittances & remembering South Vietnam.
17. 17 MayTop Links 741 Russia's slowdown. Geoeconomics and Balochistan. Americans and the world.
18. 16 MayChartbook 385: Red AI. Or, how ChatGPT went from helping me translate the Little Red Book to generating a revolutionary program for the USA today. And how DeepSeek won't go there.
19. 16 MayTop Links 740 Fantasy factories. Africa's charcoal economy. Mongolia's energy dependence & Sudan's world war.
20. 15 MayTop Links 739 Starbase Texas. How H-1B works. How Rwanda nearly took Congo and the moment of "Konfrontasi".
21. 14 MayChartbook 384: "Working the contradictory, stony ground of the present conjuncture" - a "conversation" with Hall, Massey and Peck.
22. 14 MayTop Links 738 Elderly Americans remain attached to cheques. Central Asian disparities. Rome plows & San Marino's coup.
23. 13 MayTop Links 737 Tariff pocket money. UK gold shipments to the US & the business of vets.
24. 12 MayTop Links 736 Mag7 and the DeepSeek shock. Alberta separtism and fossil power. And donning the "fachaleco".
25. 11 MayTop Links 735 How long before the trade-stop hits? The new Dubai boom. Worries about bird flu and reinventing the hookah.
26. 10 MayTop Links 734 Globalization plateaus. Fears of a Mexican slump & a tale of fighter jets.
27. 10 MayChartbook 383 World Economy Now. May 2025. Putting Trump's trade tantrum in its place.
28. 9 MayTop Links 733 Is China's real estate market turning the corner? Are the wealthy fleeing Britain? And why do wooden water towers stud the NYC skyline?
29. 8 MayChartbook 382 Glowing lava hardened into memory: The ends of Reinhart Koselleck's war.
30. 8 MayTop Links 732 The US as a champion of services trade. Canadian oil sands. Stumbling robots & French drains.
31. 7 MayChartbook 381 Trumpite futurism Part 2: Taking Musk's "space junk" seriously.
32. 7 MayTop Links 731 The tariff threat to Christmas. LA's credit issues. Catholic eurocentrism and James Angelton's "wilderness of mirrors".
33. 6 MayChartbook 380 Trump's futurism: Elon's rockets and fewer dolls for "baby girl" - Part I.
34. 6 MayTop Links 730 Trans-pacific traffic & the beef deficit. Asian currency moves. Where people sit in the West Wing.
35. 5 MayTop Links 729 The gender revolution in higher education. China's dominance in global shipbuilding & John Paul II on geopolitics.
36. 4 MayTop Links 728 Tomatoes and the tariffs. Gender and race in high school. Pistachio shortages & Cambodian sand.
37. 3 MayChartbook 379 American Victory Day
38. 3 MayTop Links 727 Uncertainty spikes. Bessent's not very successful business. Runaway legitimation and machining memory.
39. 2 MayTop Links 726 US GDP contracts. Sawtooth growth in Germany. Russia and Ukraine (in Africa).
40. 1 MayTop Links 725 Treasury derivatives. The business of welfare & the economics of deterrence.

April 2025

1. 30 AprTop Links 724 Painful correlations. China's new hyrodgen bomb and Bismarck's campaign of "hybrid warfare" against liberal Britain.
2. 29 AprTop Links 723 Argentina's sweetheart loan. The pope who lost his country & vasectomies for capybaras.
3. 28 AprTop Links 722 Georgieva's chainsaw moment and the craven silence at the spring meetings. Why the pistachio market is stretched and red Vienna.
4. 27 AprChartbook 378: The anxiety of influence: economic geography, Canada and the USA.
5. 27 AprTop Links 721 Which Trump official is worst for the markets? Recession risk. The IDF’s AI targeting systems. Ambedkar on agriculture.
6. 26 AprTop Links 720 10,000 tariff grandpa. Recession risk building. Israel's expansive security strategy & deproleterianization.
7. 25 AprTop Links 719 The coming trade crisis. Ten Americas (life expectancy). Turkey as a European manufacturing hub. China's lag in cloud computing.
8. 24 AprTop Links 718 US consumers under pressure. Agroindustrial research & wool in the British empire.
9. 23 AprTop Links 717 How the US achieved record oil exports. How Amazon makes its money. Retiring the black zero.
10. 22 AprTop Links 716 How takeout is driving productivity growth in American restaurants. Global opinion turns against American brands & Chinese jobseeker as terracotta warriors.
11. 21 AprTop Links 715 America's mortgage system. The onco-industrial complex. Menswear guy on economic history & the Painted Lady butterfly.
12. 20 AprTop Links 714 Nike's Asian workforce. The credit card squeeze. Starlink's coverage & the siege of Malta.
13. 19 AprTop Links 713 Surging housing equity weighing on US households. The triumph of broken promises & artificial dyes in American food.
14. 18 AprChartbook 377 "Not with a bang but a whimper". How Trump's United States denounced the global agenda of sustainable development and no one noticed.
15. 18 AprTop Links 712 Economic policy for men. Shein village. The Monkey King, the Sino-Soviet split and the Cultural Revolution.
16. 17 AprChartbook 376 Trump trolling the Fed chair, whilst legal warfare rages over America's administrative state. Is America nearing stage 4?
17. 17 AprTop Links 711 The tariff tax hike. Babies and the macroeconomy. Inequality in the Han and the Roman Empire.
18. 16 AprTop Links 710 Junk bond market in shock. North American interdependence. The garbage time of history & vintage Ballard.
19. 15 AprTop Links 709 Where are tariffs going to hurt most? The quiet crisis in Korean-US relations & missiles on the Philippines.
20. 14 AprTop Link 708 How austerity drove inflation in Germany. Nuclear uncertainty. Making pistons in North America. Stuart Hall on Marx.
21. 13 AprChartbook 375 Swords of Iron - Avi Shlaim & Jamie Stern-Weiner on Israel's war on Gaza.
22. 13 AprTop Links 707 Fiscal progressivity in the US. China's "china shock". Crypto’s Darkest Corner & Maltese hunters causing havoc.
23. 12 AprChartbook 374: As Trump triggers "sell America", will the result be "stage 4", the politicization of financial markets?
24. 12 AprTop Links 706 Where America's cars come from. Dwindling aid. Camel economics. Add oil.
25. 11 AprChartbook 373 "We create our own reality" - Trump's delirious negative-sum populism, or how the Empire comes home.
26. 11 AprTop Links 705 American imports. Can China make safe LNG carriers? Dark Enlightenment & the makers of missiles.
27. 10 AprTop Links 704 Why Mar-A-Lago is dated. Dedramatizing US globalization & the Emirates in Africa.
28. 10 AprChartboook 372 "Oh ... it's only China". Or how to make the sudden decoupling of the world’s two largest economies seem like a relief.
29. 9 AprChartbook 371: Is a "Treasury market unwind" in progress? Wednesday morning and the overnight fin-fi panic. (Part 2)
30. 9 AprTop Links 703 Tourists canceling trips to the US. The extraordinary rise in China's shipbuilding & the love life of Lloyd George.
31. 8 AprChartbook 370 Is it madness or is it "Brexit-by-CBAM"? Locating Trumpian economics in policy space.
32. 8 AprTop Links 702 Corporate profits at record highs. The Autumn of the White Patriarch. The African King at Edward VII’s Coronation. Ruy Lopez variations.
33. 7 AprChartbook 369 Are we on the edge of a major financial crisis? Trump's Chart of Death and why bonds not equities are the big story.
34. 7 AprTop Links 701 Trump's junk bond shock. Gender and the inheritance of black poverty & Stuart Hall on the diaspora.
35. 6 AprTop Links 700 Markets in shock. Pudgy Penguins. Credit product v. rate product, or how screwed are you? A collider splitting the physics community.
36. 5 AprTop Links 699 The crumbling support for Trump. Blowback to Europe from US protectionism. Luhmann advising Adorno on matters of the heart.
37. 4 AprTop Links 698 Foreign holdings of Treasuries. Europe's champions. MAGA Afrikaners. Polanyi in the US.
38. 3 AprTop Links 697 America's stock market winners. Why China is winning the chip war. Strawberry domination & reading James Burnham.
39. 3 AprChartbook 368 “I have only committed the mistake of believing in you, the Americans.” The day after Trump's "Liberation Day" in SE Asia.
40. 2 AprTop Links 696 On private equity in the regime shift. Tesla flailing in China & the "Surreal geographies" of the Holocaust.
41. 1 AprChartbook 367 The Tenth Demand - more essential reading from David Pozen
42. 1 AprTop Links 695 The dirty fifteen. Rich-world rents. Money flowing back to China. Gù shi - shi gù & Balochistan explained.

March 2025

1. 31 MarTop Links 694 The foundations of dollar power. Spending money on kids. Kiesler's virtual reality spaces & the bad submarine deal.
2. 30 MarTop Links 693 Consumer inequality. Chinese fertility. Libya's black market in oil and malicious compliance.
3. 29 MarChartbook 366: "Servants of the Damned" or how Trump has put a bit of stick about with BigLaw.
4. 29 MarTop Links 692 The silent credit squeeze in the US. Congo under pressure following US aid cuts. Is Eritrea's regime wobbling & the Mar-a-Lago look.
5. 28 MarTop Links 691 Colleges issuing billions in debt. Tariff avoidance back doors. Less macaroni, more machines. Italy and the Marshall Plan.
6. 27 MarChartbook 365 Defend Columbia. But from what? A globalized University caught in the crosshairs of polycrisis.
7. 27 MarTop Links 690 The battle of the giants in US retail. India's road-building boom. Malthusian migrations & the boisterous archive of slavery.
8. 26 MarTop Links 689 Comparing defense spending. Tesla's brand destruction. Betting on popes & puppies as baby substitutes.
9. 25 MarTop Links 688 Partisan economic sentiment diverges. Rheinmetall is more valuable than VW. The bizarre story of the Zizians.
10. 24 MarTop Links 687 Making t-shirts great again. How OPEC reduced emissions. The US stock market in 1812. Making saxophones.
11. 23 MarTop Links 686 US steel prices surging. Hyperlocal data. The deep sea race. Electric guitars and tariffs.
12. 22 MarTop Links 685 The war on government statistics. Unions on planet Musk. Morocco as the Mexico of Europe & China's African railways.
13. 21 MarChartbook 364: Not so much "man without qualities" as American Psycho - revisiting Albert Speer in the age of Mar-a-Lago.
14. 21 MarTop Links 684 America's arms exports. Africa’s climate-conflict trap & Barbie nine jobs.
15. 20 MarTop Links 683 Ethiopia's road-building surge. Gavi's vaccine spending & the risks of invading Canada.
16. 19 MarChartbook 363 Stockholm syndrome in Mar-a-Lago: The belief that "something must be done" and the sanewashing of economic policy in the age of Trump
17. 19 MarTop Links 682 "Too big to fail" isn't what it used to be. Mass sterilization in Peru & falling US support for Israel.
18. 18 MarTop Links 681 Nvidia's tight staffing policy. The New Deal and US agriculture. Money in SciFi and the Troubled Land archive.
19. 17 MarTop Links 680 US household's have bet big on equities. The UK's peace dividend. Protest in China & the sad decline of Busan.
20. 16 MarChartbook 362 What should be Columbia University's legal answer to the extortionate & unconstitutional demands of the Trump administration.
21. 16 MarTop Links 679 Plunging economic confidence in Trump's America. Reconsidering the F35. The Chinese Exclusion Act & how fondu became hip.
22. 15 MarChartbook 361 Flooding the zone: The first 54 days of the second Trump administration and the end of the world as (we thought) we knew it.
23. 15 MarTop Links 678 Are tariffs on money next? FDI in China collapses. A suicide in Shanghai & the Soviet origins of scientific history.
24. 14 MarTop Links 677 Why spending money on young kids pays for itself. Being left behind in Europe. Slow moving landslides and the birth of the Chinese post office.
25. 13 MarTop Links 676 Stagnating productivity in US construction. The UK productivity crisis deepens. How Musk is ruining his market & the battle of the brass bands in 19th-century France.
26. 12 MarChartbook 360: "War economies"? Disentangling the polycrisis from the shadows of the past.
27. 12 MarTop Links 675 America's two-day bank run. China's deflation risk. Can Apple make iPhones in India? Living standards and forced labour in colonial Africa.
28. 11 MarTop Links 674 The strange history of a statue of Louis XV. Germany's bazooka. The great German Peasants’ War.
29. 10 MarTop Links 673 The partisan economy. Who is hoarding Nvidia H100s. West African rum.
30. 9 MarChartbook 359 West Wing for deplorables: America's liberal elites, history and the Trump shock.
31. 9 MarTop Links 672 The R&D puzzle. The ‘Sherlock Holmes Mystery’ of the Economy. World War II and invasive species.
32. 8 MarTop Links 671 Washing machines and Trump's tariffs. America's productivity slowdown & China's Great Transformation.
33. 8 MarChartbook 358 Debt brake dilemmas for progressive economic policy in Germany
34. 7 MarTop Links 670 MEGA. American workers on the labour market. Mexico's invertebrate state & the excesses of sovereignty.
35. 6 MarChartbook 357 Legitimate maneuver or end run around democracy? Why the CDU-SPD plan to lift the German debt brake is not a done deal.
36. 6 MarTop Links 669 Why Hawaii doesnt import its oil from the US. Joan Robinson on the Keynesian revolution and tinned fish to die for.
37. 5 MarTop Links 668 Scam Inc. Stockpiling gold, power nationalism & the decline of the band.
38. 4 MarTop Links 667 Disrupting the North American Silverado. The Troubled Land video collection. The destruction & reconstruction of Marseille.
39. 3 MarTop Links 666 German unemployment, Noodle Mountain & the "Iron *****".
40. 2 MarTop Links 665 Cashing in on the egg crisis. How American business hemorrhages cash & Zoonotic spillover.
41. 1 MarTop Links 664 Exaggerating American globalization. Haiti's existential crisis. Taking mechanisms literally and Sidetracks IX.

February 2025

1. 28 FebTop Links 663 Dollar asset holding. China's ship-building. Paraguay, Brazil and the politics of hydro power.
2. 27 FebTop Links 662 Real crude prices. The marginalization of low-income countries in world trade. Horses per square mile & the dark Arctic.
3. 26 FebTop Links 661 The price of coffee. Asia's late acceleration. The French resistance & project power.
4. 25 FebTop Links 660 Unionization in the US falls to new lows. Euro blues. Lordship and bondage & the struggle for Iran.
5. 24 FebChartbook 356: Deutschland 2025 - A live (and complicated) democracy.
6. 24 FebTop Links 659 The fifty most profitable companies in the world. Bovine catch-up. Clearing the wrecks in Guyana and the historical roots of zero-sum thinking.
7. 23 FebChartbook 355 Germany's election: The end of Scholz's coalition.
8. 23 FebTop Links 658 Trump moment? What Trump moment! Falling rice prices. Saudi's desert chickens. The meaning of America first.
9. 22 FebTop Links 657 Paradoxes of energy dominance. European military Keynesianism. Champagne in trouble.
10. 21 FebChartbook 354: Of trains and tanks. Or does the German political class actually know how bad things are?
11. 21 FebTop Links 656 MBAs out in the cold. Stuck in the internet slow lane. The making of Black Harlem. Mandeville the Man-Devil.
12. 20 FebTop Links 655 Is the IRA repeal proof? CEO churn. Men taking up nursing & The Road to Freedom.
13. 19 FebTop Links 654 Ukraine's trillions in critical minerals. The economics of crime. Chinese science at war.
14. 18 FebTop Links 653 How US asset managers are muscling into Europe. Japan restarts its reactors. Who buys guns? Mexico's energy revolution.
15. 17 FebTop Links 652 China's manufacturing dominance. The rouble running riot. How PM2.5 kills & the politics of the Rebecca riots.
16. 16 FebChartbook 353 How Munich got Maga-ed, or Vance, bull**** & the European furore.
17. 16 FebTop Links 651 Is China Trump-proof? The global growth of the welfare state. Disintegrating Sudan & "Broadcasting the Barricades".
18. 15 FebTop Links 650 Why Europe and India are still buying Russian energy. Friedman and Schwartz disaggregated. Cuba in Africa and the decline of the all-nighter.
19. 14 FebLonely Charts Personals ... or Chartbook 352, the Valentine's edition.
20. 14 FebTop Links 649 Dollar overvaluation. Ethiopia's precarious economic reforms. Kashmir and panzootic threats.
21. 13 FebTop Links 648 Saudi's oil rebalancing. Nigerian inflation. Glitz-flation in handbags & the Sarkozy-Gaddafi files.
22. 12 FebTop Links 647 Trump & the American gentry. The Federal government that just doesn't grow. Showing off & the English Polanyi.
23. 11 FebCalling the Lonely Charts Club!
24. 11 FebTop Links 646 Defense tech. The Trump tower in Belgrade. Time-biased and space-biased media. The global gender crisis & the book DuBois could not finish.
25. 10 FebTop Links 645 Trump's assault on the North American division of labour continued. How the eurdollar system works. North Korea's aerial trash bombardment & FDR on the Arsenal of Democracy.
26. 9 FebTop Links 644 Buffett's filthy power plants. Inflation dynamics. Indian wars, Zazous & Pet Shop Boys
27. 8 FebTop Links 643 Office vacancies. Peak McDonald's. The case of Ireland and the legend of Ferdinand Piëch.
28. 7 FebChartbook 350: Bullying as a mode of power
29. 7 FebTop Links 642 Debunking US exceptionalism. The global relationship recession. Game engines & Adorno's precarious happiness.
30. 6 FebTop Links 641 The UK's trade deficit with the US. Low-income growth in the USA. How electrification stalled. "M: son of the century" and "The new us".
31. 5 FebTop Links 640 Trump's taxes on blue-collar America. Palantir, Silicon Valley Mittelstand. Hershey's cocoa risk & art at war.
32. 4 FebTop Links 639 Buybacks over investment in the US military-industrial complex. The Indian economy shifts gear. RAND on burden-sharing & Britain's wars of decolonization.
33. 3 FebTop Links 638 The credit card racket. Why Trump wants Greenland. The cislunar economy & the age of the gas mask.
34. 2 FebTop Links 637 America's trade deficits. The robots are coming. Israeli defense exports & Khian Sea - the toxic ship.
35. 1 FebTop Links 636 Government by executive order. Deepseek & uranium. Avian flu and the supply chain. A natural history of the studio (Kentridge).

January 2025

1. 31 JanTop Links 635 The rebalancing of global industrial production. A hog-cycle in containers. Czech reserves & Korean coups (in 1979)
2. 30 JanTop Links 634 Amerikanizm, tariffs and inflation. The UK's productivity stagnation, & the war-risk business.
3. 29 JanTop Links 633 Van Gogh and the end of nature. How the UK kicked coal & China's approach to modernization
4. 28 JanChartbook 349 Scholasticides
5. 28 JanTop Links 632 Breakthrough analysis of the "Origins and Content of New Work in the USA, 1940–2018". The art of the photocopier & oil as the lubricant.
6. 27 JanTop Links 631 US labour market churn in historical perspective. The decline of retail jobs. Writhing Leviathans & the business of deportation.
7. 26 JanTop Links 630 Flexible exchange rates, fear of floating, Goldfinger & the reality of the global exchange rate system.
8. 25 JanChartbook 348 Dollar-like: eurodollars, crypto and the future of global money.
9. 25 JanTop Links 629 The Credit Suisse Nazi cover-up. Global bond tremors. The Atlas of drowned towns & Eric Dolphy's last date.
10. 24 JanTop Links 628 Will IPOs recover? Worrying about France. The chances of a new pandemic & atomic spaghetti.
11. 23 JanTop Links 627 Is the dollar overvalued? Larry Summers feeling good. Gold & the price of a Rolex & The Rise and Fall of the Italian economy.
12. 22 JanChartbook 347 The trouble with transitioning: putting energy history back on its feet.
13. 22 JanTop Links 626 The coming US labour market shock. Brazil and the bond vigilantes, China and the demand for gold & the triumph of cellular.
14. 21 JanTop Links 625 Decomposing economic surprise. When threats work and when they don't. Is quantum the new AI? And the Secret Leviathan.
15. 20 JanTop Links 624 Tariff arithmetic. The gearshift in global auto. Will India overtake Japan and Germany's likely lads.
16. 19 JanTop Links 623 The billionaire rally. NYC's taxi-insurance Ponzi scheme. Obvious bollocks about sterling assets & monster wolves in Japan.
17. 18 JanTop Links 622 Trump's big choices. President-Fed interactions. Lifting the wind siege & how reinsurance trimmed its wildfire exposure.
18. 17 JanChartbook 346: Against overcorrection. Yellen's Treasury defends the legacy of Democratic fiscal policy.
19. 17 JanTop Links 621 The eclipse of the primary dealers. Trading real for bitcoin. A nightmare underground & the unconquered.
20. 16 JanTop Links 620 Sanewashing & Starmaggedon. Congress really is at an impasse & would Lenin really have approved of the IMF?
21. 15 JanTop Links 619 The payments presidency. The coming rupee shock. Musk’s space juggernaut. Saffron in polycrisis.
22. 14 JanChartbook 345 A "house of cards"? Russia's war economy in 2025.
23. 14 JanTop Links 618 America's mounting insurance crisis. US record homelessness. Beijing's Himalayan mega dam & who killed Jazz?
24. 13 JanTop Links 617 Student debt is baaaack. Modern defense. Bulldozer politics & Naples '44 revisited.
25. 12 JanChartbook 344: Curzio Malaparte's war
26. 12 JanTop Links 616 Global corporate debt surge. Chicago's fiscal blues. Depoliticizing the railways of the Raj.
27. 11 JanTop Links 615 The great wealth avalanche. Chinese white-collar salary cuts. North Virginia, data centre capital of the world & My Beautiful Laundrette revisited.
28. 10 JanTop Links 614 Fining crypto. Peak Starbucks in China. Labour on screen. Looking glass war.
29. 9 JanTop Links 613 The surge in big tech capex. The shipbuilding boom. Litigating butter chicken. Are we entering post-literate society?
30. 8 JanTop Links 612 How global inflation came and went. The economic fallout from the coup in Korea and the revolution in Bangladesh & big trouble in Sturgis.
31. 7 JanTop Links 611 Trump's threat to affordable cars. Why trust small business? The world's most important boy scouts & revisiting the Maginot line.
32. 6 JanChartbook 343 : Polycrisis & the critique of capitalocentrism.
33. 6 JanTop Links 610 China's procyclical fiscal. Whole Foods v. Trader Joe's. Pakistan's surprise rally & chess dominance.
34. 5 JanTop links 609 Deindustrialization as historic trend. Why CHIPS investments go to places with the right workforce. Falling birth rates and the Trieste model of mental health.
35. 4 JanTop Links 608 American exceptionalism. An Orwellian turn in Chinese economic commentary & can we save Hawker Centers and Axolotl from progress?
36. 3 JanTop Links 607 Uncertainty in energy markets. Nike dashing for cash & the strange absence of the state.
37. 2 JanTop Links 606 Trump wants the canal back. The cost of crime in LatAm. Economists at war & debating La Notta.
38. 1 JanTop Links 605 The story of FRED. Africa's looming debts. The world of copper & art in airports.

2024 354

December 2024

1. 31 DecTop Links 604 China's booming exports. A new gas pipeline and America's murder epidemic of 2020.
2. 30 DecTop Links 603 How BATMMAAN stocks rule. Global coal keeps on rising & the US builds its first heavy ice breaker in half a century.
3. 29 DecChartbook 342 A history of America's medico-industrial complex ... seen from the step-down ward.
4. 29 DecTop Links 602 Vibe cession born out. America's Hindenburg moment. The CIA's shadow banking & why guns are different.
5. 28 DecTop Links 601 US grocery mayhem, the weight-loss boom, the history of meat extract and anti-humanism.
6. 27 DecTop Links 600 Fiscal battles in the Trump camp. Could Hong Kong form the hub of an offshore dollar system? Writing the 18th.
7. 26 DecTop Links 599 Growing and shrinking counties. Low electricity prices matter. Starmer's epistemic issue. Why America's federal firearms bureau runs on paper.
8. 25 DecHappy xmas from Chartbook - and Edie's xmas playlist.
9. 25 DecTop Links 598 The impact of HIV/AIDS. The legacy of Commons. Austerity amongst downfall & the year when left-conservative populism became a thing.
10. 24 DecChartbook 341 On thinking in medias res: An Interview with Ding Xiongfei from the Shanghai Review of Books (summer 2024)
11. 24 DecTop Links 597 Costless disinflation. The world's undersea cable system. South Sudan's calvary & Jarmush takes us on a permanent vacation.
12. 23 DecTop Links 596 What difference did the IRA make? Cholera deaths and Clark on Anderson on World War I.
13. 22 DecChartbook 342 Are we all dead in the long run? John Maynard Keynes and the politics of time
14. 22 DecTop Links 595 Will there be a Trump bounce? OPEC has prices wrong & Why the US needs Diego Garcia
15. 22 DecWill there be a Trump bounce? OPEC has prices wrong & Why the US needs Diego Garcia
16. 21 DecTop Links 594 American consumers flipflop. Questioning the savings glut & the strain of too much scientific publishing.
17. 20 DecTop Links 593 How tariffs on imports from Mexico would hurt the US. Chinese v. Indian education. The rare whiskey bubble bursts & the danger of melting permafrost.
18. 19 DecChartbook 340 Against synecdoche! … A plural taxonomy of capitalist globalization
19. 19 DecTop Links 592 The upside of inflation. Warhammer and the British economy & the Cesarean boom.
20. 18 DecChartbook 339 Uneven and combined development of what? How do we relate global dollars and global cocoa?
21. 18 DecTop Links 591 Place-based Bidenomics did not help Harris. The ghost particle gap & the terrors of nuclear tripolarity.
22. 17 DecTop Links 590 The mad dash for Biden's climate dollars. How India and China's income distribution compare. The panzootic & getting beyond Confucius.
23. 16 DecTop Links 589 How US arrivistes do it better. Exceptionalism weighed. Sino-Saudi ties. The global cotton boom and slavery in Egypt.
24. 15 DecChartbook Reissue: Reading Grossman's "Stalingrad" and "Life and Fate".
25. 15 DecTop Links 588 The looming oil glut of 2025. The railroad on the wrong side of Trump's tariff plans. The Christmas tree disaster in N Carolina.
26. 14 DecTop Links 587 The American tech R&D surge. The last minute trip to Angola. Missing the Merkel-Obama years & asphyxiatory violence.
27. 13 DecTop Links 586 Choices for the dollar. France's bond market humiliation. Federal payrolls and attacks on the Kosovo water works.
28. 12 DecTop Links 585 Mexico's laborious economy. VW exits Xinjiang. Bibles are booming. Joan Robinson on time & history.
29. 11 DecChartbook 338 You don’t exit the force field, you alter your position within it.
30. 11 DecTop Links 584 Elevating the BRICS. The math on Trump's deportation plans. Climate change and the world cup 2026 & the Nordics prepare for war.
31. 10 DecTop Links 583 Europe's disinflation is real. Elon Musk's state-like powers. Standing with crypto & Nigerian Japa.
32. 9 DecTop Links 582 The EU-US divergence. Climate adaptation. Consuming Baghdad. Class is not a thing its a happening.
33. 8 DecTop Links 581 Bessent's plans. US trade with Canada and Mexico. Wynn wins in UAE and meta Malta.
34. 6 DecTop Links 580 How Bejing took over in Hong Kong. The dark tanker fleet off Malaysia. Potato collusion & freeing hermit crabs from plastic.
35. 4 DecTop Links 579 How bad is Russia's inflation? The history of the slurpee & junk playgrounds.
36. 3 DecTop Links 578 Airline profits. Global migration. Virtue capitalists & Norwich v. the Soviet Union.
37. 2 DecChartbook 337 The stakes in the struggle over Trump's trade strategy.
38. 2 DecTop Links 577 Smuggling oil. Bolivia's mounting crisis. Digging deeper for copper & art prices in the long run.
39. 1 DecTop Links 576 Social exclusion in the US mortgage market. Elon's regulatory issues. Will Trump trigger chaos in the Balkans? Historical Vistas on Sri Lanka’s 2022 People’s Uprising

November 2024

1. 30 NovTop Links 575 Global chip chain. Sino-Saudi contacts. The Neolithic economic revolution. Data driven.
2. 28 NovTop Links 574 Gold stumbles. How Trump cost Boeing $3 billion. The UK's bitcoin haul. Beak capitalism.
3. 27 NovTop Links 573 US bank failures. Gas-powered trucks. The Suriname debt crisis & the underground struggle in Colombia.
4. 26 NovChartbook 336 Trump's victory in 2024: consolidating the anti-PMC coalition.
5. 26 NovTop Links 572 Tariffs & toys. The Trump non-linearity. A Miami real estate mystery. Keeping the Panama Canal open.
6. 25 NovTop Links 571 Trump's fiscal shock. The Latino working-class. The Mozambique tuna fishing fleet is for sale.
7. 24 NovChartbook 335 The shame of US maternal mortality - mounting crisis or chronic condition?
8. 24 NovTop Links 570 The horse race for the Treasury job. Trade finance in Asia. Luxury squeezed. Lenin & the IMF.
9. 23 NovChartbook 334 Triumph and tragedy: trends in maternal mortality worldwide.
10. 23 NovTop Links 569 Is College fee inflation back? China in LatAm & China in Hungary. Exploding tankers in the dark fleet and Sudan's death toll.
11. 22 NovTop Links 568 Stock markets in the 2nd Trump Presidency. How emering markets emerged. Indian food inflation & the global wine glut.
12. 21 NovTop Links 567 How Trump's moves against EV subsidies play into Tesla's hands. Why R&D spending does not raise productivity & Kazakhstan’s Golden Man.
13. 20 NovTop Links 566 Power prices. How will migrants and smugglers respond to the Trump shock? Prisons of power and Keynes on fairy dust.
14. 19 NovTop Links 565 Trump and chips. The zama zama crisis in South Africa. China's great lift campaign and Algeria in the archive.
15. 18 NovTop Links 564 Who, actually, works for the government? Trump and world trade. Leaving Illinois and the agony of Haiti.
16. 17 NovChartbook 333 Asia in the age of polycrisis.
17. 17 NovTop Links 563 Trump and the world economy. Why the energy transition might be cheaper than we think. Protracted war in the Philippines.
18. 16 NovTop Links 562 Global shipping and Trump trade. UK stagnation. H5N1 in North America and Nehru's legacy.
19. 15 NovTop Links 561 Will Goldman be the Trump profiteer? Ukraine bonds bounce on talk of peace & "warrior boards".
20. 14 NovTop Links 560 It's happening! Partisan economic sentiments are flipping. Transfer nation & Trump's golf course in Vietnam.
21. 13 NovTop Links 559 Will there be dollar-renminbi dramas in garbage time? Central bank independence in SE Asia & Sartre, Anderson, Jameson.
22. 12 NovTop Links 558 Lending against chips. Cuba's oil collapse. India's financial revolution & Unger on our counterrevolutionary interlude.
23. 11 NovTop Links 557 Inflation worries and the US bond market. Russian oil mega merger. Van Gogh & the art of dying.
24. 10 NovChartbook 332 The radicalization of Trump's GOP and the realignment of the American electorate.
25. 10 NovTop Links 556 Bang Bang. Funny pumpkins.
26. 9 NovTop Links 555 Main St v. Wall St inflation. Poland and France to block Mercosur. Nigeria's demography & de Gaulle's last picture.
27. 8 NovTop Links 554 Defending the Fed. Betting on investment. China in Peru & Pakistan's counterinsurgency campaign.
28. 6 NovTop Links 553 Wrangling over lithography machines. Thai coups. Power plays in Vietnam & the collapsing Lao state.
29. 5 NovChartbook 331: 46 in medias res - A mosaic of the Biden administration.
30. 5 NovTop Links 552 Nasty bonds on underwater office buildings. Indian top earners in Germany. Avian flu & U.S. military food insecurity.
31. 4 NovTop Links 551 Peak beef. The demand for rocket motors. New Delhi smog & ethical crystals.
32. 3 NovTop Links 550 Buffett's cash pile. China's copper push. IKEA and GDR prison labor & the UK as "Butler to the World"
33. 2 NovTop Links 549 Markets holding their breath. BBQ and shale productivity. Liberal academia & the Space Force.
34. 1 NovTop Links 548 A productivity surge in the US oil industry. Taiwan's AI exports. The price of data and Joan Didion putting the boot in.

October 2024

1. 31 OctTop Links 547 America's huge trade deficit. Hedge funds bet against green. Bout & the Houthis & the grate (sic) cheese robbery.
2. 30 OctTop Links 546 Childcare as infrastructure. Why Larry Summers thinks blended finance is BS and how all that is solid burst into flames.
3. 29 OctTop Links 545 “Restructuring” Bangladeshi banks. Hurricane Helen’s impact on unemployment. High-speed trading & a fracking good time.
4. 28 OctTop Links 544 The US housing market is stuck. The "dim Sum death cross". How young women are overtaking men & brands are triggering cognitive dissonance.
5. 27 OctChartbook 330: Africa & absolute poverty in an era of polycrisis.
6. 27 OctTop Links 543 French billionaires. CGT election panel. America's manufacturing disasters & plunging global fertility.
7. 26 OctTop Links 542 King coal. How Europe is still buying Russian gas. Big money is not speaking up for Harris & the Empresa de China.
8. 25 OctTop Links 541 US profits have a long way to fall. Africa's new gold rush. Laos' fx reserves running low & the crisis in the Sahel.
9. 24 OctTop Links 540 Gloom over US equities. Soros on investing first and investigating later. Active clubs & the cellular landscape.
10. 23 OctChartbook 329 Yelling at the TV - The non-debate about climate in the US Presidential debate and what it hides.
11. 23 OctTop Links 539 Peru's blueberry boom. El Salvador's $1 billion US-backed loan & the legacy of migrant jails.
12. 22 OctTop Links 538 The rise of options. "Little pipes" and "little fires". THE banana skirt & the Apple-Nike connection.
13. 21 OctTop Links 537 TIGER indices looking grim. South Sudan's misery. The 1990s revisited and Soldier's Paradise.
14. 20 OctTop Links 536 The crisis in Cuba. Europe's dependence on the USA. The failure of intelligence in Ukraine & from Marx to Baumol to Butler.
15. 19 OctChartbook 328 An economics Nobel for Biden's neocon moment. On AJR's "Whig" philosophy of history.
16. 18 OctTop Links 535 Are long-term jobs disappearing? Air-conditioning's power demands. The sphere in trouble & red necks and red bandanas.
17. 17 OctTop Links 534 The US share of global consumption. Central banks out of step. The history of the forklift & the quicksand society of the Soviet Union.
18. 16 OctChartbook 327 From "anti-core" to "felt inflation": Or how I calmed my populist demons & resolved my cognitive dissonance on inflation, and how the Fed could do more to help.
19. 16 OctTop Links 533 Two rival railroads, one vision. China is not Cuba's 'sugar daddy' and Americans don't want a wartime president.
20. 15 OctTop Links 532 Anti-core inflation. Olive oil mega farms and the unbearable tweetability of Adorno.
21. 14 OctTop Links 531 Its baaaack ... lowflation in the Eurozone. Cities for the ultra wealthy. Kenyan tea & Critique, Crisis & brilliance from Llubljana.
22. 13 OctTop Links 530 Private equity defaults & US energy and the election. Moderate minorities and Oasis and the hegemonic guitar rock coalition.
23. 12 OctChartbook 326 Hustle after hegemony - the businesses of the Trump clan.
24. 11 OctTop Links 529 Europe falling behind. Chinese car shipping. The inner Mongolian energy base. The last Americans to support international trade.
25. 10 OctTop Links 528 Why deglobalization isn't really happening. The economics of the military balance in the Middle East. Liquid conservatism & the economic history of South Korea's New Right.
26. 9 OctChartbook 325 Wrestling with transition thinking. Or on being "interregnumed" and how to resist it. (Hegemony notes 8)
27. 8 OctTop Links 527 How Canada is falling behind & the West lost its lead in solar. Black Jack Adair & the history of ranching in Texas.
28. 7 OctTop Links 526 The geography of the dustbowl. The global wine slump and living in a world of storms.
29. 6 OctChartbook 324 NDC 3.0 - The emissions path for China that will shape our planetary future.
30. 5 OctTop Links 525 China’s steel export surge. Fredric Jameson’s radical conscription idea. Klaus Barbie and Cold War Intelligence in Germany and the US.
31. 4 OctTop Links 524 Where Iran is most vulnerable. Canary Wharf on the ropes. Polycrisis in North Carolina & La Planète des Singes
32. 3 OctTop Links 523 The US port strike begins. Flood insurance in Appalachia. Ozempic butt and Kierkegaard "party animal".
33. 2 OctChartbook 323: Three theories of "swing states". Or the puzzle of why and how 150,000 American voters will decide all our futures.
34. 1 OctTop Links 522 Hurricanes blast the Gulf. European car stocks take a beating. Walter Benjamin's children's books & medium-range missiles are back.

September 2024

1. 30 SepTop Links 521 UK v. US housing prices. Harvard's miserable endowment performance & how Israel penetrated Hizbollah
2. 29 SepChartbook 322: "Can We Consume Our Surplus?" or John Maynard Keynes on "The Influence of Furniture on Love"
3. 29 SepTop Links 520 The improving liquidity of Treasury markets. How 39 percent of Americans use generative AI & nostalgia for Chungking Express.
4. 28 SepChartbook 321 Ruination, trade interruption and downgrades: The Middle East economy under the shadow of escalating violence.
5. 27 SepTop Links 519 China's policy shift. Berlin's Clubsterben gets real. “Aestheticising Atrocity” and the Doomsday seed vault.
6. 26 SepTop Links 518 Machining shells. How the world's premier seed bank survived the siege of Leningrad & when the Bundeswehr came to Wales.
7. 25 SepTop Links 517 Homeless in America. The rise of direct taxation. Bilderberg man & the rise of the poker bot.
8. 24 SepTop Links 516 Who wanted Henry Kissinger dead. Competition in the Chinese auto market & what Orban wants in Africa.
9. 23 SepChartbook 320 Squeaking it out in Brandenburg: Germany's democratic establishment on a knife's edge.
10. 22 SepTop Links 515 The climate crisis comes to Brazil. Central bank liquidity facilities. How Haiti came to the USA & the silent anniversary of Abraham Accords.
11. 21 SepTop Links 514 The quarter-century Tsunami in central bank liquidity. Are US labour markets heating up? The Mill Hunk Herald and the economics of video games.
12. 20 SepTop Links 513 Angst in Germany. The demise of defined-benefit pensions in America. Indian demand for gold & fixing up the doomsday machine.
13. 19 SepTop Links 512 How climate change is coming for your Mimosa, AI ate the market for software engineers & Elon is polluting the night sky.
14. 18 SepChartbook 319 Talking about a Marshall Plan ... for "Clean Energy" (Hegemony Notes 7)
15. 16 SepTop Links 511 German industrial decline. Chinese deflation. Copper-smithing in Afghanistan & postwar Finland and the making of gun country.
16. 15 SepTop links 510 American voters, the economy & Trump's dodgy crypto schemes. US army reorganization & Das Kapital's birthday.
17. 14 SepTop Links 509 The first one-child county in China. Jesse Jenkins on electricity. Vitalpolitik or why ordoliberals like gardens.
18. 13 SepTop Links 508 Monetary policy and the mortgage market. Fed "narrative table tennis". Syria's new uprising & the "uptown-girl view" on bows.
19. 12 SepChartbook 318 How Europe became a failed model of state-capitalist relations. ... or Europe according to the Draghi report (2)
20. 11 SepTop Links 507 Whiplash for low-income Americans. NIEO at 50. Who voted for the AfD & Anders on the world as "Phantom and Matrix"
21. 10 SepChartbook 317 Draghi's view of Europe (1): Investment, R&D & the US-EU comparison
22. 9 SepChartbook 316: Putting the unipolar epoch of climate politics in its place. Or, the mixed economies of the climate crisis (Carbon notes #14)
23. 8 SepTop Links 506 Use dollars or face Trump's tariff wrath. Eds & Meds. Rejigging the US Army and a strike in Formula One.
24. 7 SepTop Links 505 Selling Treasury Bills. The storm clouds at VW. Longshoremen poised to strike & the timeline of falconry.
25. 6 SepTop Links 504 Warhol's skulls. American-made cars for Americans. Cooling off the hotpot business & wild honey.
26. 5 SepTop Links 503 Low-pay Americans & the Big Mac index. Japan's LNG empire & how WWI made Gillette & the disposable razor.
27. 4 SepChartbook 315 Talking about Bangladesh. Or, rather, why aren't we talking about Bangladesh?
28. 3 SepTop Links 502 Pennsylvania, Pennsylvania, Pennsylvania. Copper looking sick. How private assets surged & the man who loved plastic bags.
29. 2 SepTop Links 501 Nvidia, AI and macroeconomics. Dürer and the wire factory. Enzensberger & the history of needles & sewing machines.
30. 1 SepChartbook 314 Analyzing the right-wing swing in Germany
31. 1 SepTop Links 500 A tale of two wars. How the US tax system was built. Eurozone real wage stagnation. RIP Hvaldimir, the Spy’ Whale.

August 2024

1. 31 AugChartbook 313 Being realistic in the polycrisis? Or, does the West/global North know what time it is?
2. 30 AugTop Links 499 Lower-income Americans under pressure. America’s giant Western Solar Plan. US multinational employment. India's 1970s crisis.
3. 29 AugTop Links 498 New central bank leadership in Brazil. US recession risks. Shin on the Yen carry trade & Sudan's escalating famine.
4. 28 AugTop Links 497 The realities of US rail. US decoupling v. EU integration with China & the biases of cancer research.
5. 27 AugTop Links 496 The mountains of debris in Gaza. Chinese hits back on semiconductor materials. The coming war that nobody is talking about.
6. 26 AugChartbook 312 Hezbollah's shadow bank and Lebanon's disaster capitalism.
7. 25 AugTop Links 495 Depression in the USA, China and Africa. François Tosquelles and the Psychiatric Revolution in Postwar France & Blumenthal on building layers of fear.
8. 24 AugTop Links 494 Bonds in the very long run. Billionaires fight over Indian cement. Roof battles in Weimar Germany. Wayne Thiebaud's fascination with highways.
9. 23 AugChartbook 311 Bondholder & the deflation interest (Hegemony Notes 6)
10. 22 AugTop Links 493 Exxon's mediocre century. Big Ag's global leverage. New strains of Mpox & turn-of-the-century economic history at Harvard.
11. 21 AugTop Links 492 Survive until 25 - the pressures building in US commercial real estate. The shake-out in the start up scene & how we sleepwalked into an MPox emergency.
12. 20 AugTop Links 491 How partisanship drives US consumer expectations. The reality of the carry trade unwind & maneuvering in the military-industrial complex.
13. 19 AugTop Links 490 Why US community banks and Fintech don't go. How Western airlines are dropping their China routes. Weimar's inflation and beached whales in Zurich.
14. 18 AugChartbook 310 The shock of the new: Dollar dominance and modern monetary macro in the 1920s. (Hegemony note 5)
15. 17 AugTop Links 489 Brazil's soy domination. The AI investment boom. Hegel on revolution & nuclear arms racing.
16. 16 AugTop Links 488 Germany's gigantic trade surplus. Debating Walmart's grocery power. Max Headroom the first "AI" newscaster & the Sudan crisis.
17. 15 AugTop Links 487 When China overtook India. The prime broker-hedge fund nexus. Mislaid RPGs and a controversial Brazilian economist.
18. 14 AugChartbook 309 Can Western carmakers derisk in China? The unreality of geoeconomic realism.
19. 13 AugTop Links 486 The Biden-era oil license boom. How the Granolas dominated EU equity markets. Bay of Bengal geoeconomics and China's basal moon flag.
20. 12 AugChartbook 308 Stock market turmoil from the perspective of the very long-run.
21. 11 AugTop Links 485 World semiconductor trade recovers. Ukrainians on negotiations. The historic COVID-spike in US federal spending & NASA cancels America's moon rover.
22. 10 AugTop Links 484 The Mpox alarm. How trend-chasing went bad. How Russian gas still flows through Ukraine. Inside GunTube.
23. 9 AugChartbook 307 To live or not to live with polycrisis: The USA, Mexico and the need for a regional policy in Central America and the Caribbean.
24. 8 AugTop Links 483 Vol of vol. The risible scale of green finance. The KKK as ponzi scheme.
25. 7 AugChartbook 306 Nodes, rebar and private equity- How Intel, the weak link in the chip strategy of Bidenomics, is resorting to financial engineering to raise billions for fabs.
26. 6 AugTop Links 482 Dissecting the sell-off: Japan's rebound. Turnaround Tuesday. Buffett's cash pile. Dispersion trades & bond market reactions.
27. 5 AugChartbook 305 Yen carry trades and the turmoil in global fx and equity markets.
28. 5 AugTop Links 481 Market sell-off special: Are recession risks real? Sahm v. Perkins rule. Credit card normalization. Unwinding technicals.
29. 4 AugChartbook 304 Hegemonic malfunction USA 1919-1923 (Hegemony note #4)
30. 3 AugTop Links 480 The opaque private equity-bank nexus. Canada's R&D gap. Ethiopia's low wage economy and the Azawad Tuareg that humiliated Wagner.
31. 2 AugTop Links 479 Minimum wages. Insurance losses. Immobility in the USA. Siren sounds & ant art.
32. 1 AugChartbook 303: The climate stakes in the 2024 US election. Is recarbonization in America's future? How much difference might Trump-Vance make?

July 2024

1. 31 JulTop Links 478 Labour disputes in China. Europe's low-growth normal. West Bank banks drowning in cash. Gaming the horror of trench warfare.
2. 30 JulTop Links 477 The irreversible COVID-shock to US spending. EU bracing for trade war. The secret of the Sierra Madre.
3. 29 JulTop Links 476 Jim Crow & black economic exclusion. America's debt-to-revenue ratios. Eurozone credit flow. How coconuts spread around the world.
4. 28 JulTop Links 475 Tariffs as the mainstay of the US fiscal system. How Chernobyl killed nuclear power globally. North Korea's garbage barrage. Oliver Cromwell's head.
5. 27 JulChartbook 302 Kamala v. crypto. Is 2024 really a Silicon Valley election? Or is this about "making Bitcoin great again"?
6. 26 JulTop Links 474 The Cyprus civil war. Dirty Andrew's very grubby bank. Public-sector pension funds force PE to up its labor standards & ancient glass.
7. 25 JulTop Links 473 The curse of malnutrition. Silicon Savannah. Latino entrepreneurship & the Greater Asian Co-Prosperity Sphere.
8. 24 JulChartbook 301 Liberty Loans: the Great War & the making of the hegemony problem (Hegemony notes 3)
9. 23 JulTop Links 472 Kamala Harris's intellectual-political lineage. Radical dads in postcolonial economics. Taking H5N1 seriously & how religious Americans vote.
10. 22 JulTop Links 471 Global billionaires. “There is a crack in everything/That’s how Chinese imports get in”. Theaters of War. James Scott in memoriam.
11. 21 JulChartbook 300 Vance, Trump and the shifting coalitions behind Republican economic policy
12. 20 JulTop Links 470 Gaza cash shortage. Data center capex surge. Axial age of modern economics. Russia's giant losses.
13. 19 JulTop Links 469 Global population revised. Hydrogensoufflé. Mechanistic Interpretability. The Man Who Fell To Earth.
14. 18 JulTop Links 468 Hegemonic trade. Iran's demography. India's lagging agriculture. The dinosaur for sale at "geek week".
15. 17 JulChartbook 299 "Shit life syndrome", Starmer's Labour Party & the UK election: democracy under conditions of deconvergence.
16. 16 JulTop Links 467 Profit-deflation in the Eurozone. The best-paid cops in Boston. Art-engineering. Wole Soyinka's poetry.
17. 15 JulTop Links 466 Creditor on creditor violence. Why Gaza is starving. England's lagging cities & Soyinka's poetry.
18. 14 JulChartbook 298 Built not Born - against "interregnum"-talk (Hegemony Notes #2)
19. 13 JulTop Links 465 Global labour productivity growth. China's changing attitudes to inequality. Bullet-vending machines & Agarwood scarcity.
20. 12 JulTop Links 464 How manufactured goods came to dominate global trade. Global migration. Xi Jinping thought debated. Paz's Alternating Current.
21. 11 JulChartbook 297: The American migration crisis.
22. 10 JulTop Links 463 Credit card shock. Wall Street's mega cap divide. Sudan in crisis & the business of people smuggling.
23. 9 JulTop Links 462 Mega banks pull away. Deport, arrest, return. Samsung on strike & Turkey's stray dogs.
24. 8 JulTop Links 461 American energy history. Raiffeisen under sanctions pressure. Pakistan's debt load. Waiting for the barbarians.
25. 7 JulChartbook 296: Project-power (Hegemony Notes #1)
26. 6 JulTop Links 460 America's rates shock. Nigeria's petrol worries & how Trump almost blew up NATO.
27. 5 JulTop Links 459 Solar as global #1. US oil rigs surge. Iranian gold hoards & Meloni's Tolkien fandom.

June 2024

1. 29 JunTop Links 458 Passing the stress tests. Affording a "coffin on the go" in Iran. Buffett on class warfare & Blumenberg on politics.
2. 27 JunTop Links 457 Can Biden be helped? Who gained from globalization? The US farm crisis and Ohio's Fentanyl disaster
3. 26 JunTop Links 456 Dollar doomsters. Unemployment v. inflation. African aid. The GOP's divide on Israel and "Love after Love"
4. 25 JunTop Links 455 US and China drive global growth. Building an oil state in Guyana. How to meet the Chinese EV surge and Michel Foucault live.
5. 24 JunChartbook 295 The War of the villages: the interwar agrarian crisis and World War II (Thanatocene mini-series #3)
6. 23 JunTop Links 454 Consumption inequality. Investment banking in China retreats. The Herstal strike and the banana wars.
7. 22 JunTop Links 453 The US Treasury market, the economics and politics of France's historic election, AI power demands and the Hajj heat disaster.
8. 21 JunTop Links 452 The US LNG push. Central bank independence in question in Brazil. French democracy & big money. Atatürk & Lenin.
9. 20 JunChartbook 294 Whither China? Part 6: Between now and early 2025 Beijing faces a world-changing climate decision (also carbon note 15)
10. 19 JunTop Links 451 How the tech sector dominates S&P500, Europe's defense boom, Argentina's recession shock & Pax Economica.
11. 18 JunTop Links 450 China's consumption problem. America's real politico-judicial constitution. Liquid dependencies & the Projectariat.
12. 17 JunTop Links 449 The 1953 rebellion in East Germany. Pricey tankers. How Transnistria survives & Roman cities.
13. 16 JunTop Links 448 Latin America's stalled integration, the temptations of Belousov, Brecht's anthem and Task Force 58
14. 15 JunTop Links 447 Gulf bailouts, the roots of China's EV dominance & the Lobito corridor
15. 14 JunChartbook 293 "Nope!" or the political void at the heart of Europe's supposed safe haven - Germany after the European elections.
16. 13 JunTop Links 446 Why older Americans trust Biden's economics. Gulf bailouts. Chinese military spending. Ferrante's Naples.
17. 12 JunTop Links 445 Big trouble at America's small banks. The long twilight of gold. Post-constitutionalism & housing struggles in 1970s Britain.
18. 11 JunTop Links 444 Why Michigan unemployment matters. Nvidia's relentless surge. Global fish farming and the booming market in night vision.
19. 10 JunChartbook 292 Less Green - the shifting political balance in Europe and Germany after the elections.
20. 9 JunTop Links 443 AI-intensity of economies, the end of monetary policy history, China's regional disparities & the reach of Ukraine's drones.
21. 8 JunTop Links 442 AI as systemic financial risk. The economics of famine. Mexico's wealth panic & how H1B visas are upending the global cricket rankings.
22. 7 JunTop Links 441 AI, tech & the US stock market, South Korean gas, Rafah's destruction and Nestlé coming for your pets.
23. 6 JunChartbook 291 Anglo-Thanatocene, or D-Day as liberal militarism (Thanatocene mini-series #2)
24. 5 JunChartbook 290 The markets and democratic surprise - India, Mexico, South Africa
25. 4 JunChartbook 289 D-Day 80 years on - World War II and the "great acceleration" (Thanatocene mini-series #1).
26. 3 JunTop Links 440 Germany's AAA, Ethiopian peasants meet EU bureaucracy, the Svalbard cable & Machiavelli and W.E.B. Du Bois.
27. 2 JunChartbook 288: Germany in Europe 2024 - From reluctant hegemon to policy vacuum.
28. 1 JunTop Links 439 Houston's real estate bust, Europe's credit crunch, a downgrade for France and Syria's narcostate.

May 2024

1. 31 MayChartbook 287: After the verdict: American money and Donald Trump
2. 30 MayTop Links 438 Oh no, mortgage-backed securities are in trouble again! Sweden's surprising unemployment. Vietnam's currency under stress & the history of the Holy Alliance.
3. 29 MayTop Links 437 Drooping investment. How China's services could grow. America's German atomic cannon & El-Sisi's Bedouin warlord.
4. 29 MayChartbook 286 The Berlin Summit Declaration and the new consensus around industrial policy.
5. 28 MayTop Links 436 Artificial Intelligence v. Artificial Idiocy (aka crypto mining) v. Operation Goldfinger. How Assad is earning dollars from the Hajj & Dunkelflaute, the nightmare of renewables.
6. 27 MayTop Links 435 Big investments in tiny chips. Green tax credits. Europe's out of date geophysics & the economics of assassination.
7. 26 MayChartbook 285: Cal-Tex - How Bidenomics is shaping America's multi-speed energy transition. (Carbon notes 14)
8. 25 MayTop Links 434 America’s International Emergency Economic Powers Act. The threat to Palestine's banks. The Carnation revolution & the miamification of Madrid.
9. 24 MayTop Link 433 The American labour market. Cheaper crude or no more food. The history of BBQ & donkeys at risk.
10. 23 MayChartbook 284 Gaza: "the decade after" - the surreal geoeconomic imaginary of Netanyahu's "economic peace"
11. 22 MayTop Links 432 Iran's aging planes. America's exclusive mortgage market. Breaking Putin's heart and India's complicated FDI balance.
12. 21 MayTop Links 431 The Manicure Economy. Billionaire Raj. The UAE as a (family) company state & how corporations built Empire.
13. 20 MayTop Links 430 Child labor in the USA. National staffing quotas at the ECB? Prehistomanie & the history and poetry of sperm oil.
14. 19 MayChartbook 284 The beginning of a new era: How the "global" energy transition is happening in China (Carbon Notes 13)
15. 18 MayTop Links 429 Homeless in the rich world. How the BoJ ate the stock market. The world that Sec 301 made and the plot to kill Thatcher.
16. 17 MayTop Links 428 Syria's currency collapse. America's lame EV charger rollout, domicide and liminal time.
17. 16 MayTop Links 427 The price of orange juice. The puzzle of the price index. Assad under pressure from his Iranian creditors & Napoleon III's American empire.
18. 15 MayTop Links 426 Debt delinquency in the USA. Putin's top technocrat and preparing for the "next fight" in the Pacific.
19. 14 MayChartbook 283 Trump, trade, capital controls and the future of the dollar: the Lighthizer-Pettis connection
20. 13 MayTop Links 425 The problem with Pemex. Why Ukraine's drone strikes on Russian oil make sense. Feeling safe v. being safe & the Workshop of the World.
21. 12 MayTop Links 424 Big Inch and Little Big Inch. How Detroit risks going the way of the Dodo. The strange death of Social Europe.
22. 11 MayTop Links 423 The most profitable year in the history of American big oil. How the media reinforce America's obsession with gas prices & the rattiest cities ... in America.
23. 10 MayChartbook 282 $61 billion is not enough. Why the Biden administration needs a ceasefire strategy in Ukraine.
24. 9 MayTop Links 422 Biden, oil President. The trillion dollar pile of unexited companies. Ballard's garden of time & Dien Bien Phu 70 years on
25. 8 MayTop Links 421 Serbian copper, railways, China, UAE, AI & Tito's cookbook: The Belgrade connection - apropos of Xi's visit
26. 7 MayTop Links 420 US labour market bifurcation, Gazprom's terrible war, mapping DRC's disaster, Stiglitz on the economics of the scam.
27. 6 MayChartbook 281 137 million people: From DRC to Yemen - a megaregion in polycrisis.
28. 5 MayTop Links 419 How the Anglosphere fails to build housing, EM under pressure, Chiquita's death squad funding in the dock & Hannah Arendt's FBI file.
29. 4 MayTop Links 418 Yen-dollar volatility, soft commodity collapse & China's May 4th movement at 105.
30. 3 MayTop Links 417 Plummeting top tax-rates, BP & the future of Gulf oil, Keynes & endowment management & democracy's problem with the future.
31. 2 MayTop Links 416 Americans fear the economic future, Argentina's slump, the Ford truck glut & cuteness studies.
32. 1 MayChartbook 280 The state as blunt force - impressions of the Columbia campus clearance.

April 2024

1. 30 AprTop Links 415 The jumpiness of US Treasury markets, the economics of civil war, Moshi-Tora & South Sudan's sovereign debt.
2. 29 AprTop Links 414 Yen-dollar testing historic limits, Boeing on the brink of junk, the crisis of accounting & the museum of plastic lost at sea.
3. 28 AprTop Links 413 Why the Pentagon buys Chinese-made ships, growth in the Philippines & the libidinal fantasy of campus.
4. 27 AprTop Links 412 Wage growth in America, a Chinese take on financial crises, the Venetian empire and vapor trails over Wales.
5. 26 AprChartbook 279: Columbia University's "crisis" - a political economy sketch map.
6. 25 AprChartbook 278: Recasting Bourgeois Europe ... almost at fifty. In honor of Charlie Maier.
7. 24 AprTop Links 411 Ukraine's power imports, cash hoarders, PE's $3.2 trillion embarrassment & the last class of a Harvard legend.
8. 23 AprTop Links 410 Gen Z takes over. Underwater Afrofuturism and why California can't insure its fire houses.
9. 22 AprTop Links 409 The looming debt crunch, global gold rush, the "Bloody Ground" & little Egypt ... in Illinois.
10. 21 AprTop Links 408 The boomer wealth cascade, America's local death spirals, Buchenwald's roll call & modes of injection.
11. 20 AprChartbook 277 The world is still on fire! (Summers & Singh) - the disaster of development finance in 2023.
12. 19 AprTop Links 407 Why you shouldn't believe the CPI hype. NY's tax colonoscopies and Florida threatens Chinese with prison for buying property.
13. 18 AprTop Links 406 Data-dependent central banking, China's nuclear power surge, project gnome & Ukraine's middle-aged army.
14. 17 AprChartbook 276 Soft, slow and scarred - the IMF's take on the world economy in April 2024.
15. 16 AprTop Links 405 The costs of resilience. Are European bombs over-bought? Costco v. the PBoC and the deadly polycrisis in Ethiopia.
16. 15 AprTop Links 404 Biden's sanctions assault. Quiet luxury's fate hangs in the balance in Asia and the rate of return on expensive American education.
17. 14 AprChartbook 275: After the Iran-Israel escalation, where does the global economy go next?
18. 13 AprChartbook 274 From Bauhaus to Buchenwald .. to mid-century cool.
19. 12 AprTop Links 403 Making chips is REALLY hard, millennial housing inequality, victims of fortress Europe & the VW unionization drive
20. 11 AprTop Links 402 Downtown death spiral, doubting the Marshall Plan, Foucault on the mesh of power & the summer of theory
21. 10 AprTop Links 401 Did globalization really plateau? West African heatwaves, the law of general averages & rebuilding Chinese culture
22. 9 AprTop Links 400 Brazil's size, the pain of long COVID, IG Farben's empire & how Storm Shadow actually worked.
23. 8 AprChartbook 273: Feeding the world, whilst "sparing land"? Debating the rise of modern Brazilian agriculture.
24. 7 AprTop Links 399 Industrialization before the industrial revolution, the ECB's suite of models & the sixtieth anniversary of Brazil's military coup.
25. 6 AprTop Links 398 America's migrant boost, Zimbabwe returns to the gold standard, drones v. recruits in Myanmar & Europe’s exoatmospheric deficit.
26. 3 AprTop Links 397 Sweden's inequality surge, the drama of China's demographic transition, all-American "worm grunting" & Gadamer's bitter retirement
27. 1 AprTop Links 396 Fewer hours worked, Ukraine's European farming dilemma, the rise of Comancheria & coups in Korea

March 2024

1. 31 MarChartbook 272 The case for a big vaccine push (despite the political economy). It's time for a new golden age in global health.
2. 30 MarTop Links 395 Baltimore insurance claims & the logic of big ships, Indian growth arithmetic, Tajik poverty & Bavaria's space moment.
3. 29 MarTop Links 394 Chips for America, Russia's nitrocellulose imports, listening to Yemen & America is thinking about building a railway ... on the moon!
4. 28 MarTop Links 393 Drug shortages, Mongolia's climate cataclysm, South Sudan's pipeline crisis & McCarthy on the reification of thought.
5. 27 MarTop Links 392 Unilateral financial disarmament, the cocoa bean shock, the Congo canyon, intranquility and how Swedes know what it means to feel older.
6. 26 MarChartbook 271 Reasons of State: Memory politics, U-Boats, Iran & the German-Israeli relationship
7. 25 MarTop Links 391 Can labour save Boeing from itself? The global infrastructure finance boom, the economic history of the holiday resort & the payoff from a Strep vaccine
8. 23 MarTop Links 390 The bleak future for Nigerian oil, why the US doesn't want Ukraine to attack Russian refineries, Putin's pensioner problem & the central heating revolution.
9. 19 MarTop Links 389 American protectionism, fossil fuel rearguard, Cuban protests, two visions of American transport - Chrysler vs Amtrak & how the Black Panthers mapped Yale.
10. 18 MarTop Links 388 America's stable economy, Brazil's China dilemma, Nepal's lurch to the left,Latiff Mohidin's Pago Pago & the "funky drummer".
11. 17 MarChartbook 270: How Russia makes missiles - an important report from Rhodus Intelligence
12. 15 MarTop Links 387 America's aging capital stock, Japan's trade union breakthrough, instant noodles taking over the world & the decline of hobbies.
13. 13 MarTop Links 386 China's investment shifts gear, Sudan's refugee crisis spills over, southern African drought & America's history crisis
14. 12 MarTop Links 385 China's vanishing statistics, Mexico's investment boom, why German carmakers don't want tariffs on Chinese EV & the Rangoon School
15. 11 MarTop Links 384 Gaza's famine, Malaysia's currency under pressure, PE impasse, pickles for millenials and Hjalmar Schacht's host in Indonesia.
16. 9 MarChartbook 269: Alderney, or the delirious arithmetic of modern mass violence.
17. 8 MarTop Links 383 America's grotesque Gaza policy, the UK impasse, Turkey's balancing act, China's satellites, a life in three colors.
18. 7 MarTop Links 382 Global asset management rankings, living in private equity times, nuclear overkill & Chinese migration.
19. 6 MarTop Links 381 Rising interest rates, Chinese defense stocks, Houthi shipping secrets & the future of air conditioning
20. 5 MarTop Links 380 How Congress is holding up the defense-industrial boom, China's green hydrogen push, Keynes on the politics of time &. a disaster brewing in Congo
21. 4 MarTop Links 379 Ailing Chicago, the new China shock, what resembles a grave but isn't and fear of peace.

February 2024

1. 28 FebTop Links 378 Biden & the oil industry, from guns to butter, shrinking Korea, Pax Economica & bitcoin's mad power consumption
2. 27 FebTop Links 377 Xi's crackdown on bankers, the world's most polluting power plants, on book-buying, flatscapes, the Kaiser on future ships & Oswald's swan.
3. 25 FebTop Links 376 The industrial policy moment, the mining deadlock, good sex as body horror & the future of liberalism.
4. 24 FebTop Links 375 Chocolate "crisis", the first single-line railway linking Mexico to Canada, Tate & Lyle, Samson's lion & zoom music.
5. 23 FebTop Links 374 The new armaments boom, how to build places for people to live, Eswanti's ship register & Marx to Darwin
6. 22 FebChartbook 267 JET-P: The "Paper Tigers" of Western climate geopolitics (also Carbon Notes #12)
7. 21 FebTop Links 373 Ordeal by Roses, US bank worries, Gazprom's losses, misfiring missiles & Bismarck's legacy
8. 18 FebTop Links 372 China's New Year spending, the history of the growth paradigm, outlaw electric trikes and the Autobiography of Red
9. 17 FebTop Links 371 The UK's grim trajectory, dumb & dangerous banks, the authentic Iranian face at risk & Morin on Gaza
10. 16 FebTop Links 370 America's big spending, German weapons, consolidating Permian & Kant and global chaos
11. 15 FebChartbook 266 Israel's downgrade
12. 14 FebTop Links 369 The lasagne of European farm politics, South African power cut misery, uninsurable weather & Adrienne Rich
13. 13 FebTop Links 368 The first Chinese capitalists, war in Africa now, BDS is working & the art of doing nothing
14. 12 FebWhither China 5: No, China is not competing with India for Wall Street's attention.
15. 10 FebTop Links 367 What's happening to dollars, who makes AI, business and the far-right & Foucault's dissertation
16. 9 FebChartbook Carbon Notes 11 China's energy transition path and the global carbon budget
17. 8 FebTop Links 366 China's balance of payments, the tricky business of Saudi sovereign wealth, Libyan fuel smuggling & slow food.
18. 3 FebTop Links 365 Commercial real estate tremors, asset management dominance, Sudan's battles, El Nino, Somalia's flooding & Africa's cholera emergency
19. 2 FebTop Links 364 The US-EU equity divergence, nuclear cost explosion, uptown and downtown rats, Silicon Valley and the "mystery" of the human ovary
20. 1 FebTop Links 363 Gaza's destruction, how motherhood hurts careers, America's global profits, cricket flour & the parable of the hostages.

January 2024

1. 31 JanChartbook Carbon Notes 10: In China, clean energy is now THE driver of overall economic growth.
2. 30 JanTop Links 362 Eurozone pancake landing, the rise of Saudi oil power, unsticking Sri Lanka's debt impasse & Marcher Lords
3. 29 JanTop Links 361 Europe's population, Russia's Chinese links, global arms spending & what the super-rich consume
4. 28 JanTop Links 360 ECB's wage obsession, Meloni v. the Agnellis, illegal sand mining & R-rated profits.
5. 27 JanChartbook 262 Crisis Tribes - On Europe Now
6. 26 JanTop Links 359 NextEra v. the GOP rollback, ASMLs global sales, the Gen Z gender-divergence & Britain's theorist of countergangs
7. 25 JanTop Links 358 Bond markets on fire, Cairo revamp, Libyan flood aftermath, Aron on Europe & NATO, plus fascism in America
8. 24 JanTop Links 357 African default risk, multinationals plead for Nippon steel, sinification of the burger & boy meets machine tool
9. 23 JanTop Links 356 Ten percent of US GDP - the secret size of local government, container rates pop, the gunpowder revolution and Spermageddon
10. 22 JanTop Links 355 Yield-curve mystery, Kuroda's personal history, thirteen ways of looking at money & more drones than men.
11. 21 JanTop Links 354 Ukraine's fx drain, passive overtakes active, the globalziation of US migration & underpricing carmageddon
12. 20 JanChartbook 261 On Europe: A failed project of state-capitalist relations? The Eurozone at 25 (part 2)
13. 18 JanTop Links 353 Retail recovery, banking rules clash, Boeing's shame & paying for sea lane security
14. 17 JanTop Links 352 China's silver economy, Gulf Coast LNG terminals in question, sci-fi chip manufacturing & the forlorn hope.
15. 16 JanTop Links 351 China deflation, German stagnation, Shell "exits" Nigeria & preparing America's cadets for a constitutional crisis.
16. 15 JanTop Links 350 Bond investors believing in fiscal stories, editing the China story, paying for cars in America and reading Italo Calvino's resistance novel.
17. 14 JanTop Links 349 Middle East insurance pullback, beyond BRI, Strike Germany & Chile as the end point in the commodity chain of fast fashion.
18. 13 JanTop Links 348 Chinese deflation, Nigeria's 1st oil refinery, Blackrock's ESG retreat, NYC derailments and the future as a political idea
19. 12 JanTop Links 347 South Korea's economic miracle, brandy trade wars, Jon Elster on Raymond Aron and Mead & Baldwin on race
20. 11 JanChartbook 260 On Europe: Beyond failing forward? The Euro at 25 (Part 1)
21. 9 JanTop Links 346 Sudden stop in the Euroarea, ExxonMobil's secular stagnation, Chinese speed & Monet and money
22. 8 JanTop Links 345 Africa's new lost decade, Saudi's sovereign weath activism, bucks for bangs, vehicle-based homelessness & the history of polyamory
23. 7 JanTop Links 344 Pessimistic talk in the West, the argument against confiscating Russian assets, medieval megafloods and de Beauvoir
24. 6 JanChartbook 259 Germany's CO2 emissions plunge. But all is not at it seems
25. 5 JanTop Links 343 Bank worries, untracked fishing, the fall of Robespierre, Heinrich on Marx, Kronos and the remaking of the string quartet
26. 4 JanTop Links 342 Worrying mortgage debts, Dutch lithograph machines, Ethiopia's drive to the sea & the history of Vesuvius.
27. 3 JanTop Links 341 Why Gaza matters, Alibaba's struggles, the fire next time & The Rise of Modern Chinese Thought
28. 2 JanTop Links 340 The population revolution of the 20th century, Russia's machine-tool supplies, ice-free Great Lakes and the radical 1970s
29. 1 JanChartbook 258 War, peace and the return of history in 2023

2023 278

December 2023

1. 29 DecTop Links 339 Weapons of the weak, China's problems, war's strange effects in Turkey & a political poet
2. 28 DecTop Links 338 Global arms makers are booming, BYD overtakes Tesla, America's secrecy disease and why we should retire the idea of EM.
3. 26 DecTop Links 337 Penalizing defeat devices, the lessons parasites teach company directors, Iranian drone technology & Marvin Gaye's Ostend period
4. 24 DecChartbook 257: Santa's workshop economy and the question of unfree elvish labour.
5. 22 DecTop Links 336 Measuring climate progress, next year in Britain and Ukraine, food in Gaza & an exciting new book
6. 21 DecTop Links 335 US steel nationalism, Norwegian undersea mining, Fatimah's sandals & the "Blood of the Colony"
7. 20 DecTop Links 334 Russia's war economy running hot, the Red Sea under fire, South Africa's pollution and the passing of Arno Mayer
8. 19 DecTop Links 333 Property in Hong Kong, Japanese steel, climate progress & predicting the future
9. 18 DecChartbook 255 Jitters before the fall? The battle over the US Treasury Market
10. 17 DecTop Links 332 The sudden stop for low-income borrowers, stocks v. bonds, Larry Summers on the Phillips curve & Marlene Dietrich stepping out
11. 15 DecTop Links 331 Unions are back, winners from war in Ukraine, why electric vehicles dominate & the geopolitics of Nutcracker
12. 14 DecTop Links 330 Canal trouble, why God is Brazilian, China's deflation & Althusser's Intellectual Adventure
13. 13 DecChartbook 254 Crazy Rich Germans .. . and the hypocrisy of the "social market economy".
14. 12 DecTop Links 329 Two-nanometer chips, Chechen yoghurt, low-carbon technology trade & the history of ordoliberalism
15. 11 DecTop Links 328 Money in Gaza, electricity in China, dreaming of inequality & a philosopher of economics
16. 10 DecChartbook Carbon Notes 9 Slouching towards a 2 Degree-Plus World
17. 9 DecTop links 327 Egypt on the edge, exporting surveillance, Beyoncé’s touring empire & the return of the grizzly bear.
18. 8 DecTop Links 326 Munitions, munitions, munitions, hairdressing prices, Jakarta sinking & the making of economics
19. 7 DecChartbook 252 How "Broken Britain" might reconverge: Notes from the Economy 2030 Inquiry.
20. 5 DecTop Links 325 Green deflation, Palestine's ruined economy, discourses of delay & the tunnel war
21. 4 DecTop Links 324 Economic gloom in America, G-wagons for Moscow, OPEC wobbles and Luhmann's last lecture (German)
22. 3 DecChartbook 251: In the beginning was Napoleon
23. 1 DecTop Links 323 The climax of Empire, the Netanyahu doctrine in crisis, the case for dollarization & the making of E.P. Thompson

November 2023

1. 27 NovTop Links 322 Biden as LBJ, China's R&D surge, BP's Sun King, Ninja Turtles & the chicken of tomorrow.
2. 26 NovChartbook Carbon Notes 8: Betting on climate disaster. The possible futures of the (US) oil and gas industry.
3. 25 NovTop Links 321 Global child mortality, UK's historic migration surge, San Marino's financial debacle & the rise of the giant Turkey
4. 24 NovTop Links 320 Trouble in China, the global carbon gap, Iran, Iraq, Silicon Valley & fireworks
5. 23 NovChartbook Carbon Notes 7 - The IEA's message to the oil and gas industry: wake up!
6. 19 NovTop Links 319 Israel's international war finance, flight capital in Singapore, how Moody came to love Meloni & native American deaths of despair
7. 17 NovTop Links 318 The Mediterranean energy hub, American pessimism, Italy's far-right Hobbit cult & Walter Benjamin's writing tips
8. 16 NovTop Links 317 Business still loves China's super-large market, 3 million wrecks & the political economy of the October war.
9. 15 NovChartbook Carbon Notes 6: China's lead in the energy transition
10. 13 NovTop Links 316 Israel's expensive war, America's banking oligopoly, the illegal gold mining boom & India's Northeast
11. 11 NovTop Links 315 The history of refugee camps in Gaza, Ukraine aid politics, the JP Morgan Blood Oath & authoritarianism in America
12. 9 NovTop Links 314 29ml of water, trees for electrification, Polanyi in the classroom and the politics of rodeo
13. 8 NovTop Links 313 Multipolar global trade, why Wall Street is having a bad time, Ethiopia's bid for the sea & "the" kitchen debate.
14. 5 NovTop Links 312 The world economy's Wile E. Coyote moment, the Turmeric menace & how to write a brilliant essay.
15. 1 NovTop Links 311 What to do with Gaza's civilian population, China's stake in Europe's ports, Ultra-lithography and US bombs for Israel

October 2023

1. 31 OctTop Links 310 Investing for WW3, the Russian profit trap, Gaza's internet & the year of living dangerously
2. 30 OctTop Links 309 RIP YCC, grain corridors for Egypt, Donbas blood mill & doing special things to special people in special palces.
3. 29 OctChartbook 250: The precarious stabilization of Ukraine's war economy
4. 28 OctTop Links 308 Israeli bonds, the Gulf's weak link, China's internet & a surprising Freud
5. 27 OctTop Link 307 African corridors, Gazan homes, examining incomes, the AI divide & Habermas
6. 26 OctChartbook 249: The "war in sight" scare of February 2023 & its aftermath - learning to manage the Sino-US confrontation.
7. 25 OctTop Links 306 China's housing blues, the new S in ESG, humanity's history and Mao in the Middle East
8. 24 OctTop Links 305 Global working time & tax havens, US in Somalia & air raid warnings in Kyiv
9. 23 OctTop Links 304 US outperformance, Chinese crude trade, MS Satoshi & Nazi speed
10. 21 OctTop Links 303 Why Bidenomics bombs, the costs of long COVID, anarchocapitalism & Adrienne Rich
11. 20 OctTop Links 302 Green metals, bloodsports, skeletons, bonds & Critical Theory
12. 19 OctChartbook X Unhedged: Investing in India - a "wager on the strong"?
13. 18 OctTop Links 301 America's creditors, measuring global inequality, Chinese woes & markets vs democracy
14. 17 OctChartbook 246: How America can pay for "two wars" at once.
15. 16 OctTop Links 300 Chip wars, deglobalization, a maverick economist & Russia reorienting
16. 15 OctTop links 299 Our economic future, China's divided cities & Hamas contained
17. 14 OctChartbook 245: Gaza, beyond de-development to disposability and destruction
18. 13 OctTop Links 298 Oil in Russia and America, political banks, measuring austerity's effects & Ho Chi Minh in Paris
19. 12 OctChartbook X Unhedged Debating Multipolarity
20. 11 OctTop Links 297 Hong Kong's American problem, migration's root causes, an Indian icon & border-crossing cats
21. 10 OctTop Links 296 Ukraine's surf and turf, gun trade in the Americas, a French panic & British "sewer realism"
22. 9 OctChartbook 242: What is wrong in Germany? And an (interesting) correction.
23. 7 OctTop links 295 Treasury market chaos, giant profits in food, Ethiopia's failed state-building & the EV race
24. 6 OctTop links 294 Car debt, turning money green, gold and race, rightwing human rights & Wittgenstein's bad day
25. 5 OctChartbook 241 X Unhedged: The Biden Balance Sheet
26. 4 OctTop Links 293 Getting Bharat online, grid complexity, Ghana's debt, edging out Palestine & mapping Coca Cola
27. 3 OctTop Links 292 The World Bank's CEO lab, underpaid teachers, Mexico's gang economy and French police dogs
28. 2 OctTop Links 291 CEO pay, Russia-China trade, the price tag of US government shutdown & the pace of climate change
29. 1 OctTop links 290 Euro decline, green tech trade wars, histories of neoliberalism & Martin Luther King

September 2023

1. 30 SepChartbook 240 - Carbon notes #6: America's auto strike and a century of transition in the US car industry.
2. 29 SepTop Links 289 A broke bank & the SF Fed, deaths of despair, mapping global social mobility & the Sweezy-Schumpeter debate
3. 28 SepTop Links 288 The LNG scramble, Cold Wars from Ukraine to Taiwan, corporate colonialism and the invention of dividends.
4. 27 SepTop Links 287 China's hyper-capitalism, the Venezuela shock, finance for Ukraine and the world's oldest bond
5. 25 SepTop Links 286 The Fed's bullishness, Lego's plastic problem, Kazakhstan's uranium dominance & Burckhardt’s Theory of Storms
6. 21 SepTop Links 285 Kyrgyzstan's strange import boom, how unbanked America gets by & Alabama's human experiment
7. 20 SepChartbook 239 Revisiting the global banking turmoil of March 2023
8. 18 SepTop Links 284 Who owns Deutschland AG, untouchability & when hay was king.
9. 15 SepTop 283 Labour market cooling, how interest rate shocks impact growth, Americans abroad and Iranian drone attacks.
10. 13 SepTop Links 282 Mexico #1, cocaine glut, how America chose chid poverty, 340 years since the siege of Vienna & Berlin's "sea shells"
11. 11 SepTop Links 281 The collapsing college consensus, India's ambiguous geopolitics & when Goethes had Hegel to dinner.
12. 10 SepTop Links 280 Copper frontier, stolen skulls, neo-pictorialism & allotment sauté
13. 8 SepChartbook 238: Making & remaking the most important market in the world. Or why everyone should read Menand and Younger on Treasuries.
14. 7 SepTop Links 279 Japanese military spending, the monetary financing taboo, how France was driven out of the Sahel & the duration of infinity.
15. 6 SepTop Links 278 World Bank in Turkey, the Nagorno-Karabakh crisis, (anti-)heroism science & loneliness in Germany
16. 5 SepTop Links 277 The hispaniolan divide, Eisenhower v. Prebisch, Counterspy & how averages became normal
17. 4 SepTop Links 276 Canada's historic fires, vampire notes, Mao's Third Front & how to close the book on the "troubles".
18. 3 SepChartbook 237: Whither China? Part 4: Zero-Covid myths, dynamic clearing & the Omicron crisis of 2022
19. 2 SepTop Links 275 Chile haunted by the coup, images of the economy, the coup in Gabon & the economics of pencils
20. 1 SepTop Links 274 State-sponsored bank profits, Europe's cocaine boom & Ferrari's ruthlessness

August 2023

1. 31 AugTop Links 273 Reflexivity, the open society, The Last Politician & the world of pencils
2. 30 AugChartbook 236: Russia's Long-War Economy
3. 29 AugTop Links 272 Norway's gas network, China's cyber attacks on Japan and why big American cities have not come back.
4. 28 AugTop Links 271 Treasury market stability, Russian uranium, the "mountain of steel" & the kingdom of golf carts
5. 27 AugTop Links 270 Who was not at the BRICS show? How monetary policy impacts innovation and finding ancient cities with modern economic models.
6. 26 AugChartbook 235: Who is driving Germany's far-right poll surge?
7. 25 AugTop Links 269 "Deficits don't matter", the world's fifth largest oil producer, Cold War liberalism and Jackson Hole's dark past
8. 24 AugTop Links 268 Technological accidents, Subway sale, cut-price moon mission & concentration camp archaeology
9. 23 AugTop Links 267 Mondrian, the German slowdown, Saudi trade with China, Cincinnati Badass & Swastikas over Ningbo
10. 22 AugTop Links 266 The world of middle powers, "the project state", weaponizing the world economy & Chinese weapons in Africa
11. 21 AugTop Links 265 Powell as politician, Ethiopian refugees on the trail to Saudi Arabia, the Treasury market & sailing on the Bosphorus express.
12. 20 AugChartbook 234: Whither China? Part 3: Policy hubris and the end of infallibility
13. 18 AugTop Links 264 LatAm's mineral natural wealth, merging dinosaurs with dinosaurs, NatSec fandom & Bonnie Prince Charlie
14. 17 AugTop Links 263 Boiling alive, ISIS coinage, Labour's American dream & what it takes to be a historian (perhaps).
15. 16 AugTop Links 262 Economic complexity, talking to the Taliban, the history of UBI & the Hofmeister kink
16. 15 AugChartbook 233: Whither China? Part 2: Posen v. Pettis or "authoritarian impasse" v. "structural dead-end"
17. 14 AugTop Links 261 Losers of the new world order, homelessness in America, shipowners & Lukács on history.
18. 13 AugTop Links 260 The birth of hip-hop, leadership crisis at Goldman, "trimflation" & why the United States invaded Iraq
19. 12 AugChartbook 232: Whither China? Part 1: Authoritarian impasse?
20. 11 AugTop Links 259 The Mississippi benchmark, China's capital flow, metastasizing gun culture & Adorno's coalition chess.
21. 10 AugTop Links 258 China's retail investors, unfairness in Germany, neo-Nazis in Brazil, American student exchange and animal crossings
22. 9 AugTop Links 257 Hardened shelters, bringing back doux commerce & the lead cables that are wrapped around America
23. 8 AugTop Links 256 Australian armour, rare earth OPEC & modern weather forecasting
24. 7 AugTop links 255 Chinese markets & US tech, Chinese whispers and TFP & the training of German lifeguards
25. 6 AugChartbook 231 Israel's national security neoliberalism at breaking point?
26. 4 AugTop Links 254 Predators’ Ball, superyacht retreat, Israel's economy & Mongolian-US cooperation
27. 3 AugTop Links 253 The Fitch downgrade, debt brake madness & how bonds ate the world.
28. 2 AugTop Links 252 Renewable domination, Bidenomics, shrinking Miami, Victory and Dreadnought a century apart.

July 2023

1. 31 JulTop Links 251 Austerity anomaly,Chancellor Scholz on Hillbilly Elegy, guns & roses in Bulgaria & wolves in Germany
2. 29 JulChartbook 230 Burning Hamburg 1943 - the first culmination of liberal militarism.
3. 28 JulTop Links 250 Social Europe, the solar surge, certainty in uncertain times & what just happened in Japan.
4. 27 JulTop Links 249 Global renewables, class voting in Spain, urban leopards & a shrine to the social market economy
5. 26 JulTop Links 248 UK's interest burden, Nagorno-Karabakh humanitarian crisis, India's internet blackouts and the Eritrean diaspora
6. 25 JulChartbook 229: America's unhappy militarism - the $886 billion bone of contention
7. 24 JulTop Links 247 Anglo-German malaise, US CO2 decoupling, hero of heritage, Spartan myths & the Rafale club
8. 23 JulTop Links 246 Global austerity, Chilean cybernetics & the Santiago boys, CPR's battle goes on & the art market hits a wall
9. 22 JulChartbook 228: Polarization - The bigger (and more familiar) problem lurking behind China's youth unemployment numbers.
10. 21 JulTop Links 245 Global CO2, Japan's hydrogen greenwashing, globalization of Britain's university & Phoenix boiling
11. 20 JulTop Links 244 Germany as microcosm: car industry in free fall, deflation, retiring Satan's coal, Estonia's amazing family policy & stationary heat domes
12. 18 JulTop Links 243 The return of Nonsense Output Gaps (did they ever go away?), Europe's China deficit, Jodhpurs on the Death Star & why we need to think in trillions
13. 17 JulTop Links 242 Renewable glut, Spain at 60 degrees, mathematical expressionism & how to beat Napoleon
14. 15 JulTop Links 241 Aramco the Saudi giant, Kojève on ideology, Du Bois's itinerary through Europe & Vienna, capital of spies
15. 13 JulChartbook 227 Team transitory or team soft-landing? "Bounding reality" in the 2021-2023 inflation debate.
16. 12 JulTop Links 240 Steel loans, German FDI worries, "Lord Global" & the Tolkiens throw a party.
17. 11 JulTop Links 239 The NY Fed view, Starnberg think tanks, the Yellen meeting, Brad, Angelina & the Rosé wars
18. 10 JulChartbook 226 Membership & Money: the Vilnius NATO summit & the looming impasse over Ukrainian membership in the Western alliances.
19. 9 JulTop Links 239 China's unit labour costs, Rwanda, Mozambique & the oil majors, Nivea's Weimar-era avant-garde & Serbian small arms
20. 8 JulTop Links 238 America's most profitable companies, how nitrogen fertilizer feeds the world, Lenin's summer reading & the history of Norway's office lunch
21. 7 JulChartbook 225 Not de-escalation, or economic peace, but managed tension: Janet Yellen goes to China.
22. 6 JulTop links 237 Wood in the world economy, Boeing v. Airbus & why we might be better off if central banks did nothing (more).
23. 4 JulTop Links 236 Receding global capital flows, misreading industrial history, ersatz religion & the (Ford) Sierra song
24. 2 JulTop Links 235 Europe’s China-dependence, the fate of India's quarter-billion school-children, the ghosts of WW2 airfields & forgetting as forgiveness
25. 1 JulChartbook 224 The Wagner uprising and the centrifugal force of war.

June 2023

1. 30 JunTop links 234 Russia under sanctions, the foreign rout in China's EV market, medieval water power & the battle of the beanfield
2. 29 JunTop Links 233 Commodity profits, the Biden admin's campaign to bolster Brazilian democracy, India's forgotten financial crisis & magic brooms.
3. 28 JunTop Links 232 Investing in inflationary times, US profit margins, red wine decline & the bloodiest war in the world
4. 27 JunChartbook 223 Acting out of ignorance: the new logic of central bank inflation-fighting.
5. 26 JunTop Links 231 Water & oil, the fiberoptic war, Prigozhin's children's book & Goldfinger
6. 25 JunChartbook 222 Mood music: Talking inflation in Germany & managing the ambiguous politics of polycrisis.
7. 24 JunTop Links 230 Hedge funds & US Treasuries, shipping profits, Iran is boiling & the Düsseldorf school.
8. 22 JunTop Links 229 From Afghanistan to Ukraine, partisanship and inflation, the Nickel crisis & occupational endogamy
9. 20 JunTop Links 228: Inflation at 120 percent, Mexican avocado exports, near-shoring war elephants & Dow's river.
10. 17 JunChartbook 221 The IRA (& the Fed) debate - bringing hegemony back in.
11. 15 JunTop Links 227 China's reglobalization, Nvidia's tax bill, Roman climacteric & Mexico's cartel battlefields
12. 14 JunChartbook 220 Biden's "new industrial policy": Revolution in the making, or an exercise in defying gravity?
13. 13 JunTop Links 226 The RV business-cycle, Fed lending, the TPP re-enactment society & North Korea's crypto heist.
14. 12 JunTop Links 225 The cattle cycle, contamination by Swiss bankers, Saudi's wealth fund & the STD epidemic in the UK
15. 11 JunTop Links 224 US imports from Asia without TPP, the gift of sanctions, the curse of parking & deep-sea mining
16. 10 JunChartbook 219 The triple inequality of the "global" climate problem.
17. 7 JunTop Links 223 Poland's success story, heating homes with coal, New York smothered by Canada's burning forests and the Spanish strawberry crisis
18. 6 JunTop Links 222 American dockworkers on strike, India's railway investment boom, China's grain imports & how the world ran out of pink.
19. 5 JunTop Links 221 Unemployment & falling wages in California, a Green Marshall Plan for Ukraine, the crackdown on India's coal critics & Rotterdam before the storm of the 20th century
20. 4 JunTop Links 220 Cancer drugs in China, roads not taken, ultra-processed food & the Seaweed manifesto
21. 3 JunChartbook 218: "So far from god" ... friend-shoring and the debate in Washington over whether to bomb Mexico.
22. 2 JunTop Links 219 The future of wealth and growth hangs in the balance, the triple climate inequality & the supercarrier caucus.
23. 1 JunChartbook 217 The inflationary surge of 2022 - trans-Altantic comparisons and European hotspots.

May 2023

1. 31 MayTop Links 218 America's fiscal pause, Poland's military spending spree, the Caspian heat wave & the reactionary militancy of car dealers
2. 30 MayTop Links 217 Russia's brain drain, Intel's trials, France's steamy Finance Minister, slow & deserted by Ligeti
3. 29 MayChartbook 216: Heroic periodization: histories of Bretton Woods & the "New Washington Consensus"
4. 28 MayTop Links 216 China's solar revolution, Erdogan's political machine, Pentagon spending & Bamana masks,
5. 26 MayTop Links 215 Cars and globalization, the crime business, Russian arms exports & racial segregation
6. 23 MayTop Links 214 Puerto Rican killings, European labour markets, elite closure in economics and vintage Rai
7. 22 MayTop Links 213 Global safe assets, China's public & war over Taiwan & sleeping in society's blind spots.
8. 21 MayChartbook 215 Erdogan's inflation: a "Swedish" interpretation.
9. 20 MayTop Links 212 Overbanked America, how transit died & the global "war surge" of the 2010s.
10. 19 MayChartbook 214 The global olive grove - How climate change is challenging Europe's olive garden
11. 16 MayCarbon notes #5: Green hydrogen, the "gas of the future"?
12. 14 MayTop Links #211 China's impact on US inflation, cheaper fertilizer, energy research v. gym & African regionalism.
13. 13 MayTop Links 210 The new military-industrial complex, price-price spirals, big money in Dallas, low-modernist solar
14. 12 MayTop Links 209 Chip war losers, data cables through Russia, Proust's trucker jacket, energy & history
15. 11 MayTop Link 208 Europe's inflation, de-dollarization for the desperate, Pynchon book signing, Karl Marx on California
16. 10 MayChartbook #214: Why the 2023 banking crisis does not look like 2008, or why one run is not like another.
17. 9 MayTop Links #207 VW's struggles in China, Bahamas shenanigans, global land reform & India's mangoes.
18. 7 MayTop Links 206 USAID, Europe's credit crunch, worldwide space ports & Stalin's moment of truth.
19. 6 MayChartbook #213 Expanding the fortress: Why JP Morgan is even more important than you think!
20. 5 MayTop Links #205 America's not-so-small banking crisis, Leontief's comeback & the global impact of sanctions.
21. 4 MayTop Links 204 National security economics, education exports, battery dominance & the moon-rover race
22. 3 MayChartbook #212 The end of the petrodollar? How macroeconomics may compound geopolitics in shaping the future of the dollar system.
23. 1 MayTop Links #203 Woeful energy R&D spending, falling real incomes, Raymond Williams & Africa and the World Bank

April 2023

1. 30 AprTop Links #202 Trillion-dollar wealth effects, EM-EM trade, "if the world were a democracy" & the Valeriepieris circle
2. 28 AprChartbook #211 Bucking the buck? Debating the global dollar ... again!
3. 27 AprTop Links #201 America's remarkable recovery, Europe's massive bond losses, UBS's "badwill" & a big bet against the dollar.
4. 26 AprTop Links 200 "Bank walk", the first CBAM, credit allocation & a dirge for John Coltrane
5. 25 AprChartbook #210 - The Partisans descending from their graves - Pasolini's "Victory", April 25th 1964
6. 21 AprTop links #199 The moment of truth in China's car market, why Red districts don't want green money, talking Saudi Arabia & what to do about debt
7. 20 AprTop Links 198 China's cheap Russian gas, the slow death of global development, silencing the past & the destruction of Berlin
8. 19 AprTop Links #197 How wheat spread across Eurasia, the global terms of trade, decoupling, Albert Speer & the Joy of Sex
9. 18 AprChartbook #209 The Sudan crisis and the Sahel gold rush
10. 17 AprTop Links 196 India overtakes China, America's $4 trillion offshore horde, ramping up repression in Myanmar and Mongolia's demographic transition.
11. 16 AprCarbon Notes 4 From Feast to Famine: Apartheid's power bonanza and the genesis of South Africa's electricity crisis.
12. 14 AprTop Links 195 US labour market shocks, neutrality in the financial forcefield, the coal explosion, Capitalism & Schizophrenia
13. 13 AprTop Links 194 Diminishing debt defaults, consumption divergence, White bison & the last week of German nuclear power
14. 12 AprChartbook 208: "as a historian ..." - the courage of Vladimir Kara-Murza
15. 11 AprTop Links 193 How to find your Nazi great grand-parents, robot Napoleon, the aftermath of the Adani affair & Megan Greene joins MPC
16. 10 AprTop Links #192 Global R&D race, KwaZulu visions of the jet age, single-parenting in America & Hegel's world revolutions
17. 9 AprChartbook Carbon Notes #3 Four trillion dollars per annum - The shock of reality from sustainable development thinking.
18. 8 AprTop Links 191 Barcelona 1902, black unemployment, global layoffs & foreign military bases in Africa
19. 7 AprCarbon Note 2: The "Western" energy transitions - narcissism of small differences.
20. 6 AprTop Links 190 The US housing market cooling, macro models, the political history of the rouble & how 1970s California created the modern world
21. 5 AprTop Links #189 The looming rice crisis, Brahms lying in state, Vietnam's export surge & hiding from the Hueys
22. 4 AprChartbook 208: Global bond markets on the rack - aka Finance & the Polycrisis #11 (sic)
23. 3 AprTop Links #188 Dylan's Napoleon, Chinese ports, Latin American remittances & North Korean oil smuggling
24. 2 AprTop Links 187 Chinese exports in question, fewer sharks & America's crisis of "young deaths".
25. 1 AprChartbook 207 Finance & the Polycrisis #10: The trillion-dollar rebalancing: A new macrofinancial conjuncture?

March 2023

1. 31 MarTop links 186 Oil & power, the risk of spills & the dollar's imperial circle
2. 30 MarTop links 185 America's declining life expectancy, China's solar surge & how Carbonara vindicates Eric Hobsbawm
3. 28 MarChartbook 206: The attack on the Center for Policy Research, India's leading policy research institution.
4. 27 MarTop Links 184 Bank crises, venture debt, election-watching & socialist murals on Nazi buildings.
5. 26 MarChartbook 205: Does Ukraine's war economy have a new platform in 2023?
6. 25 MarTop links 183 Indonesian modernism, sunflower stabilization, commercial real estate & what America cooks with
7. 24 MarChartbook 204: Iraq's economic impasse twenty years after the invasion.
8. 23 MarTop links 182 European defense spending, Africa's multi-speed demographics & would you work in Germany?
9. 22 MarTop Links 181 Mortgage pressure, the domestication of the American garage, the global cereal market & Siberian power
10. 21 MarTop Links 180 Worries about commercial real estate, killer fungus, Swiss machines & the rise of Texas
11. 20 MarTop links 179 Repurposed hardware, the global capex slump, academic hierarchies & Alpine poverty
12. 19 MarChartbook #203 Finance & the polycrisis #9 Banking crises, states of exception & the disappointment of sovereignty - a roundup of last week.
13. 18 MarTop links 178 Divisions over Ukraine, China's migrants, South China Sea Cables & Chartbook errata
14. 17 MarChartbook #202 What went wrong at Credit Suisse? The Swiss roots of the debacle.
15. 16 MarTop Links 177 Banking rot, Aukus on the move & what Russia's liberals learned from Pinochet
16. 15 MarTop Links 176 Financial conditions, photographing Apartheid, what America left in Afghanistan & Britain's Brasilia
17. 14 MarChartbook #201 Finance & the polycrisis #8 Venture dominance? The meaning of the SBV interventions.
18. 13 MarTop Links 175 The thing we aren't calling a bailout, other banks & how German and Japanese debt seem like a safe haven plus modeling Pearl Harbor
19. 12 MarTop links 174 Chinese manufacturing dominance, the slave-trade & the industrial revolution, Yuan Shikai remembered & anti-fascist footballers
20. 11 MarChartbook #200 Finance and the polycrisis #7 Something Broke! The Silicon Valley Bank Failure - How tech hubris and low interest rates combined to produce a big mess.
21. 10 MarTop Links 173 The global funding crunch, rebels in the Congo, US high-tech investment & Dutch bikes
22. 9 MarChartbook #199 How Putin's war dawned on Washington
23. 7 MarTop Links 172 Global obesity, the ECB's cartoonish anti-inflationism & Baghdad's clogged traffic
24. 5 MarTop Links 171 North Korean GDP, Germany's broken rental market & copper worlds
25. 4 MarChartbook - Carbon Notes #1: Repowering the world - the challenge of electrification
26. 3 MarTop Links #170: Repudiating Russia's reserves, disaggregating inflation & industrializing India
27. 2 MarTop links #169 Chinese growth, maternal mortality, the real estate crunch & the history of Japanese feminism.
28. 1 MarTop Links 168 Surging Chinese car exports, Indo-Pacific geopolitics, American mental health and the mystery of Russia's reserves.

February 2023

1. 28 FebTop links 167 Global credit booms, the French baby bust, China's dwindling farm land & the best books on spying.
2. 27 FebChartbook #198 Globalization: The shifting patchwork
3. 25 FebChartbook #197: The Ukraine-Aid Reality Gap
4. 25 FebTop Links #166 Rethinking the Fed, the CO2 in cut flowers & the withering of Françafrique
5. 20 FebTop Links #165 Chaplin on the gold standard, North Korea's dapper cabinet, the value of a Russian life & NASA's art program
6. 19 FebChartbook #196 The Closing of the Cocoa Frontier
7. 15 FebTop Links 164 America's weird mortgage market, Nigeria's well #1, the Taliban in power and human composting in Seattle.
8. 10 FebTop Links 163 Political central bankers, ancient sociology, markups & the Asian tourism slump
9. 9 FebTop Links 162 Russian chip imports, Okinawan brutalism, yield-curve inversion & lost children.
10. 8 FebChartbook #195: How to pay for Putin's war?Russia's technocrats torn between defense of the austerity status quo and national mobilization.
11. 7 FebTop links #161 Be patient, the sun is rising in the East ... long & variable lags & what central banks are for.
12. 6 FebTop Links 160 Expert masks, the geopolitics of the earthquake zone & what is left of One Belt One Road?
13. 5 FebChartbook #194 Can Beijing halt China's housing avalanche? The most important economic-policy question for 2023?
14. 4 FebTop Links 159 The ones trying to grow, ETF explosion, the military-industrial complex and the last 747
15. 3 FebChartbook #193 Indian nation-building, Modi and the Adani crisis
16. 2 FebTop Links 158 Slowbalization, "newbalization", French contradictions & Mussolini's Rome as seen by Carrie Mae Weems
17. 1 FebChartbook #192 On deglobalisation and polycrisis

January 2023

1. 31 JanTop links 157 Maximalism - the art of polycrisis, Subprime Sachs & the China inflation shock
2. 30 JanTop Links 156 German recession, Thatcher on Fukuyama, Indonesian hot rods & Philippines booming
3. 29 JanChartbook #191 Tanks for Ukraine
4. 27 JanChartbook #190: The Adani crisis - is Modi's house of cards at risk?
5. 26 JanTop links 155 Singaporean realism, carbon-free Texas & the Bathysphere
6. 25 JanChartbook 189 The ECB's inflation dilemma.
7. 24 JanTop Links 154 Grim art, the BoJ's last stand, Ukrainian refugees and the border-industrial complex
8. 23 JanTop Links 153 Lebanese inflation, Iwo Jima, how the Netherlands grew, Pierre Bourdieu and peak gasoline
9. 22 JanChartbook #188 Archipelago capitalism, the Bahamas and FTX
10. 21 JanTop Links 152 Wagner group's co-working space, how the Fed got a dual mandate & the open sewer of the Bronx
11. 20 JanChartbook #187: MLK's economic radicalism & the strange birth of the Fed's dual mandate
12. 19 JanTop Links 151: Remapping the world, investing in German armaments, young American deaths & the iPhone-industrial complex
13. 14 JanTop links 150 Shale subsidies, Poland's golden age, China's steel & the genius of Antiguan Frank Walter
14. 12 JanTop links 149 Microregions that drive global growth, America's credit boom & rebel dogs
15. 10 JanTop links 148 When America defaulted, Pakistan's crisis & Raiders of the Lost Ark
16. 8 JanTop Links #147 Clash of chip titans, Nokia risk, deciphering the Nazi war economy & the tyrannical concept of feudalism
17. 7 JanChartbook #186 Solicitous dictatorship. The political economy of authoritarianism - Aly v. Tooze revisited.
18. 6 JanTop Links #146 I gotta feeling, deunionization USA, Enrico Mattei's ENI in Africa & the world's nuclear arsenal
19. 5 JanTop Links #145 America's government-backed mortgage system, the Irish mafia and the "Mama of Dada"
20. 4 JanChartbook #185 Inflation and distributional conflict - in 2023 not 1973! Also a response to the debate around that Blanchard thread.
21. 3 JanTop Links #144 Indonesian expressionism, US manufacturing, McLuhan on nostalgia & remembering 1917 in 2017
22. 2 JanTop Links 143 Grace Jones, Russian chips, oil profits & Egypt's infinite economic crisis