ADAM TOOZE

In mid-March US Treasury market depth (amount that can be traded at best posted price) collapsed -> set off alarm b… https://t.co/W0ALK9FDdp

COVID-19-induced s spike in the cost of credit for firms in both the investment- and speculative-grade portions of… https://t.co/Fp75IVd0L5

How stress in the US Treasury market in 3rd and 4th week of March triggered the Fed into massive asset purchases. F… https://t.co/HKTcKGyNH0

American households as a whole have deleveraged relative to income. But this too is a story of inequality. Borrowin… https://t.co/xzG5lbfAKI

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/SlO70z8IXm

US business (as opposed to US households) went into the COVID-19 crisis with elevated levels of debt. Thanks to the… https://t.co/XSBSB6nxIR

Statistics that boggle the mind: U.S. coronavirus deaths: 86,541. South Korea coronavirus deaths: 260. https://t.co/xZgQjdsDwe

I’ve landed in Hong Kong after flying from Paris CDG, via London Heathrow. I now have to wait ~8 hours before I get… https://t.co/dH9Td9x71W

Prior to COVID-19 crisis, farmland prices in US were very elevated relative to rents -> serious concern about finan… https://t.co/yR04oK8SYz

In mid-March Treasury market depth (amount that can be traded at best posted price) collapsed -> set off alarm bell… https://t.co/ApR7vL8L0r

COVID-19-induced s spike in the cost of credit for firms in both the investment- and speculative-grade portions of… https://t.co/JxR9xJeZcL

How stress in the US Treasury market in 3rd and 4th week of March triggered the Fed into massive asset purchases. F… https://t.co/PHphfWiOG9

The Oddlots postcast (@tracyalloway and @TheStalwart) has been on a roll recently. But the single episode that… https://t.co/9rqqLyb09D

The consensus forecasts for US GDP in Q2 are disastrous. https://t.co/SXzYbW3yLU

"Staatsverschuldung belastet kommende Generationen" – dieses altbekannte Argument wird im Zuge der Diskussion um di… https://t.co/TCJyk40BfS

About 5% of NYC population c. 420k people left the city as COVID-19 hit, overwhelmingly from wealthiest neighborhoo… https://t.co/8wOLlFNkCZ

39.5% of people employed in the US state of Georgia in February have applied for unemployment insurance since March… https://t.co/960XIHj90I

2/3 of Americans are more concerned about opening too soon than they are about delaying the restart. This is indepe… https://t.co/KaNTgqdMcJ

Calling for a Transformative Response to the Crisis. Very happy to be associated with manifesto for a progressive… https://t.co/H5dZ4FJkCk

Fed monetary policy affected EM across the board – stock markets, GDP, trade. ECB policy impacts only GDP & trade a… https://t.co/HZjGVhvOlG

Up to 2008 issuance of euro-denominated bonds outside euro area was rapidly catching $. Since then no longer. Euro… https://t.co/FLIsxIxXQY

Today c 30% of both euro- and $-denominated bonds are issued outside of the respective currency area -> monetary po… https://t.co/oj6RZovB9v

You get a rough map of the hierarchy of global currencies by asking who uses who’s currency for what sorts of trade… https://t.co/m3yWYB97LH

A fundamental article which reminds us that the current template for central banks is rooted in an era of strong in… https://t.co/xUQim4Cr5a

Consumer sentiment & the S&P500 normally track quite closely in the US. In face of COVID-19 shock they have uncoupl… https://t.co/EspK50dogE

Globalization since the 1970s has been asymmetric: EM drove trade integration until 2008 when balance (in China abo… https://t.co/iq0dyyf5WO

An unprecedented (sic) amount of soybeans is headed from South America to Asia right now. Brazil shipped an unheard… https://t.co/2V6k8F0ayP

The Minnesota #CropWatch20 #corn, planted April 23, as seen on Tuesday. Frost nipped the leaves just a little last… https://t.co/8vy0wIDlrR

You have got to love a branch of economic reporting in which camera shots of fields are a legitimate source of info! https://t.co/IRSjJvvf33

The BBC has released a massive archive of empty set phots from decades of shows to use as Zoom backgrounds. I love… https://t.co/17y5KARqLb

By end April, > 1/5 households in USA & 2/5 households with mothers with kids < 13, were food insecure. In almost 1… https://t.co/bNDa1AfQcN

Hispanic women are spectacularly overrepresented in informal American domestic labour markets. Obvious from casual… https://t.co/AAZVD1Hdf4

Racial profile of America’s overwhelmingly female domestic workforce is striking: Black women strikingly underrepre… https://t.co/BOAFRBbLf4

EM labour markets are overwhelmingly informal -> can’t replace income lost due to lockdown with unemployment insura… https://t.co/tBCG3ioPdD

this very much does bear out the whole "the government followed the public into lockdown" thing @stephenkb https://t.co/rJ8WfkmH5l