ADAM TOOZE

And like @BJMbraun I also end up talking about lack of imagination and leadership. Then I feel embarrassed by how h… https://t.co/ny4VU2xobG

@DanielaGabor @BJMbraun I wouldn’t see it as a pure “false consciousness” but as a complex mixture of locally ratio… https://t.co/pgmIic79TK

piece of advice: don't use Firefox's narration function to read @adam_tooze's latest on @LRB. it's terrifying. soun… https://t.co/Jxoy4NBStC

“The Fed is at war against the virus, and this is a wartime degree of commitment to credit policy,” said Krishna Gu… https://t.co/pelf3iKEI1

“It’s really an awesome display of creativity & decisiveness. They are taking a role well beyond any Fed has played… https://t.co/k9pFCnTkiX

In 2008 the only big AE to avoid a big leap in unemp was Germany with Kurzarbeit. Rest of EZ suffered a labour mark… https://t.co/W58WilvsCr

@DanielaGabor Hi @DanielaGabor this is such a clutch issue. Do you really buy the idea that it is an “elite calcula… https://t.co/iytykzOkhy

Are eurobonds political “nonviable”? Could German voters be persuaded? The evidence clearly shows they can IF THE C… https://t.co/by0WcsDETH

When to reopen? On the Trump administrations effort to grapple with the trillion dollar question in the shadow of T… https://t.co/mvFZsD8CBf

The new @BIS_org bulletin is out with more pertinent analysis from @HyunSongShin and team. Highly recommended read.… https://t.co/dVpyG1hTOj

Once again the EM with bigger reserves will be feeling a lot more comfortable in the current crisis. Hofmann,… https://t.co/534w1YMLY6

Reports have been emerging of families going hungry (!) on the Dutch island of Curaçao. Now the Dutch government h… https://t.co/RaubOOUbah

The COVID-19 shock to EM screams out of new paper by Hofmann, @ilhyock_shim and @HyunSongShin Bond spreads and… https://t.co/7EKKUp5XTG

KUDOS to the entire team at @LRB for putting out their fabulous paper under these circumstances! Thank you to them… https://t.co/wHvyJmJBF1

Escaping original sin? Lesson of 1990s debt crisis seemed to be to develop domestic currency bonds. But if you have… https://t.co/t1lV8FXyeD

As $ strengthened in 2020, EM bond spreads surged. Makes sense. Nice graph! BUT hang on! KICKER is: these are spr… https://t.co/y4DB6WiZTk

The ECB’s official account of the crisis meeting of 18 March is worth reading. The muffled sounds of a serious argu… https://t.co/2v91N76ODd

Worth reading the clearly-stated and minimalist Dutch conception of what the Eurogroup agreed yesterday! https://t.co/M5fQYf3utF

Lower CPI inflation (from 5.2% in February to 4.3% in March) relative to the deposit rate reduces the amount of imp… https://t.co/ZOSBRLGlQS

Wow absolutely stunning thread on the BoE‘s recent moves but also its historic perspective. You will find your taxo… https://t.co/I6Q5II1TtH

The fall in consumer lending in China in the past two months has been incredibly steep. If this continues, the grow… https://t.co/EG2e2whjmf

US junk bonds rally most in 2 decades w/Fed now a buyer. Risk spread to Treasuries narrowed 86bps to 785bps, lowest… https://t.co/zJxeb4bVYe

@MkBlyth Thanks Mark!

The first confirmed coronavirus case in New York was a woman who flew into JFK in February and tested positive Marc… https://t.co/vybvA1xGd8

@JoMicheII @meadwaj @jdportes Thanks both. Headlines … oh the heartbreak of headlines.

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/DFQQpkLTuC

Amongst the WTO’s predictions for global trade the best case looks like the disaster of 2008-9. The worst case is t… https://t.co/XwpFAnqjaH

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/cDfGVj7hOh

China is backstopping its domestic credit market but lacks will and means to cushion impact on offshore borrowers -… https://t.co/1Z4nUTlKJr

The fact that South Korean imports from China are rebounding sends a positive signal about the recovery of the East… https://t.co/Ap4sCv4ZyY

There was not just a decline in euro relative to dollar. There was also a huge spike in the volume of dollar/euro t… https://t.co/JRQQfoTEXD

Yes. The ECB’s bond buying IS deviating from the conventional capital key. And YES this does favor Italy.… https://t.co/wSxknnSnsq

Italy’s economy has now suffered three devastating blows in a period of 12 years: 2008, Eurozone 2010-2013, Corona… https://t.co/3r097nlSwx

France like the rest of the AE is suffering a historic recession: economy contracted by 6% in Q1! Outlook for Q2 is… https://t.co/2Amevo7PZd