Aggregate demand, Berlin's population & Dürer's nightmare

Great links and reading from Chartbook Newsletter by Adam Tooze

Albrecht Dürer’s nightmare drawing of 1525. Source: Wikipedia

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Aggregate Demand

US household consumption is the largest single source of global aggregate demand. This is what has happened to its two key components since the pandemic. Will that cause some dislocation? You bet it will!

h/t @ritholtz

Population of Berlin

Like Vienna, the German capital, has not recovered its peak, late 1930s population.

Supercomputers

Great article this in the FT.

ESG and the military-industrial complex gone mad

Form and Content

Houellebecq himself likes to cite Arthur Schopenhauer’s observation that “[t]he first—and practically the only—condition of good style is having something to say.”

Source: Foreign Policy

Pour Le Mérite

So delighted to hear this news about Chris Clark in Berlin. Brilliant historian, eloquent, hilarious, humane man and wonderful friend.

Sir Christopher Clark, the Regius Professor of History, was recently
awarded the Pour le Mérite in Vienna. The German honour with a French
name was founded in 1740 by King Fredrick II of Prussia. Once both a
military and civil honour, the Pour le Mérite was re-established after
World War II to recognize extraordinary achievement in the arts and
sciences. Membership in the order is ongoing and limited to 40 German
citizens and 40 non-German citizens at any given time.

Lecturing here on his latest project on 1848.

Dubai Hub

Rafat Ali, Media Operator & Dad @rafat

It is amazing how central Dubai is to the movement of the planet, and continues to be despite everyone else trying to catch up as global hubs. Data from @OAG_Aviation

World Pivot

Mackinders view of geopolitics as seen by Haushofer et al 1943

Source: Danilo Scholz, an essential follow on Facebook

What a beautiful reaction to an inaugural lecture

Hannah Dawson @DrHannahDawson

Richard Bourke's inaugural lecture was a tour de force on Hegel on historical change & the worry that "with the slide into abstraction comes a loss of traction". Then I went into the dusk & saw not an owl but swifts just arrived from Africa & the world felt alive with possibility

First underwater portrait photograph, 1899

Vashi Nedomansky, ACE @vashikoo

First underwater portrait photograph shot in 1899 by Louis Boutan of biologist Emil Racoviță Banyuls-sur-Mer, France Mediterranean Sea