ADAM TOOZE

@AltSpinelli I think it is a great question about an unlikely contingency.

America’s large banks may be safe than in 2008 but their lending to nonbank financial firms e.g. REITs, mortgage le… https://t.co/BcOeSXuAwO

Every surge of unemployment levels — whether the 1930s or 1970s or 2020 — brings with it struggles over the contr… https://t.co/T5n9bfiYAe

In 1978 Hirsch & Goldthorpe published their seminar collection on political economy of inflation. In 1976 Robert L… https://t.co/78W65oV4mj

For a politics of monetary policy. I did a piece this week in @ForeignPolicy on BVerfG and central banks. This blog… https://t.co/9RzUprKIph

For a population of 328 m (2019) the US has >500m credit card loans outstanding AND c. 120m auto loans… https://t.co/dcM2xU96HR

Measures of financial stress: expect credit card and auto loan delinquency to spike as COVID-19 shock hits.… https://t.co/E4UPB5cCZU

Plausible estimates put India’s unemployment rate in the 25-30% range. That's c. 170 m people! These data from… https://t.co/38Cp9JF41p

Oil & gas: direction of support provided by Canadian government during COVID-19 crisis seems pretty unambiguous.… https://t.co/D3q7jt5qZE

Over last ten years Australia has become a fascinating experiment: highly sophisticated, multi-cultural, AE, democr… https://t.co/H4jqjh913l

By 1st week of May majority of US chief financial officers were not expecting a return to business as usual before… https://t.co/ThDlY3sfkX

Publicly-owned banks in advanced economies tend perform a countercyclical role v. In EM where they have been strong… https://t.co/ckK2z1Rtba

If comprehensive electrification is key to green energy transition – both widening provision and deepening electric… https://t.co/HlT0bha3yY

State-owned enterprises are 1/3 of the entire emerging market sovereign hard currency debt tracked in the most wide… https://t.co/QRJlhOE6ES

Top 50 state-owned enterprises makes for an impressive list! All Europe/Asia/LA. No US …? But think about bailout… https://t.co/0T4ceEWSw3

State-owned multinationals (think VW or Rosneft) are important players across Europe and Asian economies but largel… https://t.co/jMkggZvdwy

State-owned enterprises share of assets & revenues by sector. Look at financials & industrials & materials. And I a… https://t.co/nUUh1gQfgT

Rise of state capitalism Driven by China’s success, the share of SOE in debt & revenue of largest 2000 firms globa… https://t.co/m28Pp58lQJ

"With Econ situation in many AE rapidly deteriorating, policymakers are rolling out unprecedented stimulus programs… https://t.co/BmrPBzG7bo

@SonyKapoor Hey Sony Im all in favor of a bit of both. But do check out Buiter’s piece of March 26th 2020 The helic… https://t.co/zBJt7potZC

In half of the G20 countries and several large developing economies, public banks hold around 20 to 60 percent of t… https://t.co/Gig3841NX9

After Buiter advocated monetary financing with @SonyKapoor only a few weeks ago https://t.co/lj5jXcU1vU He now dec… https://t.co/ISoPGtCXKW

“At the same time, headline US retail sales, a measure of sales in shops and restaurants, tumbled 16.4 per cent to… https://t.co/HmSzn9U2Ac

US Industrial production, led by a severe contraction among manufacturers, tumbled 11.2 per cent in April, after a… https://t.co/FoW8ur3Bmd

@bceagle71 @courtney_ft A. These people are new to food lines and they may not be able to hold on to their cars for… https://t.co/wwrikXZtLQ

Feeding America, largest US food bank org, has experienced a 70% increase in those seeking assistance since crisis… https://t.co/aeP2D9EXz5

How to weaponize China’s former one-child policy: “tell the stories of the demise of Chinese soldiers who are the e… https://t.co/JH4A0oflsT

One pysops plan "would involve a popular writer being commissioned to pen “the Taiwanese Tom Clancy” —intended to d… https://t.co/gbkWydlUhw

@KatharinaPistor Fair but NB these are not leverage numbers. Just debt. Upper middle class folks build equity thro… https://t.co/L4zBvbujJ6

All good candidates for USS Trump https://t.co/uX77j24SGE

American households as a whole have deleveraged relative to income. But this too is a story of inequality. Borrowin… https://t.co/Hz8eUBZTyx

America’s high risk corporate debt mountain was built up in three surges of junk bond issuance: 2004-7, 2012-14, 20… https://t.co/PONHY1zIdi

US business (as opposed to US households) went into the COVID-19 crisis with elevated levels of debt. Thanks to the… https://t.co/mXoeoNN7Ya