ADAM TOOZE

Despite COVID19, UK universities are seeing a record number of foreign students (from outside EU) who have gained places on bases of adjusted A-level results.

“We expect recovery in oil demand to decelerate markedly in H2 2020, with most of the easy gains already achieved. The path ahead is treacherous

The Role of Bonds in a New Era of Low Yields …. PIMCO feels it needs to explain. bloomberg.com/news/newslette… https://t.co/sCWC0LoOIX

Four times worse than 2009: For the G20 area as a whole, GDP dropped by a record (minus) 6.9%, significantly larger than the (minus) 1.6%

How does Daniel Yergin, the grand narrator of The Prize & the Commanding Heights, adjust to the bedlam of 2020? I did a review of

RT @TopcuogluLale: @adam_tooze @KathyJones It’s misleading to label 144a as safe – a specific ex mentioned article but beauty is in the eye…

In August China’s consumer spending finally inched above its equivalent 2019 levels v. industrial production which is 5.6% up yoy. But this is hardly enough

The Fed can keep going: If Stanley Fischer says so ….! bloomberg.com/news/articles/… https://t.co/PdIQs4s3tF

Yield-chasing investors love well secured HY corporate debt. But 72 % new issuance in 2020 is 144A = privately placed -> limited to "qualified institutional

Yardeni coined the term “bond vigilantes” in the early 1980s = investors who exert power over Govs by selling their bonds, or merely threatening to.

In a year where Federal government spending surged, low yields means that one part of US government spending that went down was "net interest payments"

Germany has more pressing concerns than Brexit There is a world of rogue powers with an animus against the EU to deal with first @gideonrachman

As yields in $20 trillion U.S. Treasury market plunge to record lows -> share of GDP that has to be redistributed in interest payments is

Millions of homeowners in USA are falling behind with mortgage payments. Quilll Intelligence via @SoberLook https://t.co/kyXumY5NFi

Economists warn of US ‘wasteland’ without stimulus deal. Alan Blinder, former Fed vice-chair, says ‘you’re really playing with fire’ if state and local governments have

In 1914, the British Expeditionary Force in France had only 827 motor vehicles; by the end of the war, it had 56,000 lorries, 23,000 cars

RT @Shazmataz141: Just in case people don't understand how massive these fires are, here is our sky at 4:50 pm in winnipeg. That is smoke

In 1914, the British Expeditionary Force in France had only 827 motor vehicles; by the end of the war, it had 56,000 lorries, 23,000 cars

RT @simontorracinta: is there a more defining document of 1990s End of History? twitter.com/BrianHartPR/st…

@CarloJaeger @heimbergecon Suggests interesting reflections on quality of our current crisis and this trying to manage it!

A brief history of cargo pants, the military’s greatest fashion contribution: "The earliest iteration of the cargo pant was the pocketed trouser-type worn in the

PanEur1970s Looking West: the European Socialist regimes facing pan-European cooperation and EC. Very interesting historical appraisal of the late Socialist élites’ views of their countries’

Sraffa and Italy’s economic crisis of the 1970s. Not had time to process this yet, and fear I will disagree, but just wanted to register

Nordstream 2 gas pipeline is not just a political & strategic liability. Half of €9.5bn cost was funded by loans from Royal Dutch Shell, Austria’s

RT @jaylyall_red5: "After much analysis, the scientists assert that something now alive is the only explanation for the chemical’s source."…

RT @jvtklooster: New chapter on central bank independence, mandates and democracy for The Cambridge Handbook of Constitutional Theory (3 vo…

"The bad news: in each scenario other than a Biden landslide, we ended up with a constitutional crisis … featuring violence in the streets and

Big dollop of fascinating financial mapping from @i_aldasoro @hwenqian Esti Kemp at @BIS_org Beautiful charts! twitter.com/i_aldasoro/sta…

Unanticipated inflation exacted a heavy toll on investors in UK government debt in the 1960s and 1970s. bankofengland.co.uk/-/media/boe/fi… https://t.co/qWLasY9zGQ

RT @yayitsrob: Wow. There are about 300,000 seafarers worldwide stuck on their ships because COVID-19 rules forbid them from coming ashore.…

"In the sweep of economic history, this is a very important change.” @gavyndavies on the Fed’s policy regime shift of August 2020: ft.com/content/facfe2… I tried

RT @vol_christopher: Vol markets value the US election as a massive binary risk event that occurs at one point-in-time (like earnings in a…

RT @fwred: ECB: no complacency, but no sense of urgency either. https://t.co/oKkT7Voeb1

RT @rortybomb: Twitter isn't ready for this yet, but in March wealth tried executing a "capital strike" against the real economy. They were…

“Next subprime crisis could be in food. If trade financing & price hedging are out of reach for small & midsized farmers, everyone may suffer.”