ADAM TOOZE

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America’s economy did not exceed…

July 18, 2020

America’s economy did not exceed China’s in size until the 1880s, according to the Maddison Project at the Universi… https://t.co/INLOPdrmKn

Foreign funds continued to flow into EM fx-denominated bonds Jan-Sep 2020. But they have drained out of local currency bonds.

October 31, 2020

Foreign funds continued to flow into EM fx-denominated bonds Jan-Sep 2020. But they have drained out of local currency bonds. @SergiLanauIIF via @SoberLook https://t.co/e9ce9qEwo3

There was a huge surge in US T-billl issuance in spring of 2020. MMMF absorbed a huge slice. @TS_Lombard via

October 31, 2020

There was a huge surge in US T-billl issuance in spring of 2020. MMMF absorbed a huge slice. @TS_Lombard via @SoberLook https://t.co/uXlEe4z4z3

China, debt vulnerabilities of China’s local government level have increased in recent years. Direct borrowing by local govs was first

October 31, 2020

China, debt vulnerabilities of China’s local government level have increased in recent years. Direct borrowing by local govs was first permitted in 2015 but has