ADAM TOOZE

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/OE8Y2yo98O

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/Av8xO0xajL

The Fed’s efforts to stabilize the muni bond market are vital for a state like Illinois that faces downgrade to Jun… https://t.co/0cwI5XTeWJ

In response to the threat of a credit crunch the corporate credit market has bifurcated: IG bond issuance has surge… https://t.co/4a5K7e6Zlf

Straight down: US consumption of petrol has suffered an unprecedented collapse of 40% in a matter of weeks.… https://t.co/6NQ4igQqlP

@adam_tooze @commerzbank @SoberLook Using the capital key was in any case to the detriment of #Italy. as ist does n… https://t.co/eQYlPyEVO4

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/0RssOWRG6R

China is backstopping its domestic credit market but lacks will and means to cushion impact on offshore borrowers -… https://t.co/iGleW7D5MJ

The fact that South Korean imports from China are rebounding sends a positive signal about the recovery of the East… https://t.co/3VACJcIXu3

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/smaaosqwLa

Yes. The ECB’s bond buying IS deviating from the conventional capital key. And YES this does favor Italy.… https://t.co/7bYGdbYmOO

Italy’s economy has now suffered three devastating blows in a period of 12 years: 2008, Eurozone 2010-2013, Corona… https://t.co/Sh6QiLspEw

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/4WSm1h7z5F

On April 7 2020 the daily airline passenger count fell to 97130 down from 2 million a month earlier. @business via… https://t.co/K44pZYJt9S

@davies_will @poltheoryother Aww thanks @davies_will

And when @fwred says brilliant you know you should pay attention. Read and follow @GeneralTheorist ! https://t.co/HxJBoaJS93

If and when the time comes to put the hammer down on the Dutch, I want @Brad_Setser to head the hit squad! Great th… https://t.co/MV1ilnzJHY

everyone: what an amazing rally fed: we are buying everyone: fundamentals are so bad fed: …everything you own… https://t.co/ssiu4SVB5S

This is truly an essential thread! Must read in light of remarkable @bankofengland decision this morning to go for… https://t.co/rj4OiJDf1D

I keep looking at this graph in disbelief. The US consumer is the beating heart of the world economy. It is a regu… https://t.co/o7IkCJ6uoB

@DekHarper @LRB You are most welcome.

Everything about the macroecon of this moment defies historical experience! The unemp data this am. This estimate… https://t.co/EJ4tBOkcdW

"[Trump's coronavirus] economy appears not so much as a superego laying down the law, but as an irrepressible impul… https://t.co/aZnAez8qap

The only good news about the US labour market is that so far the vast majority of job losses are classed as tempora… https://t.co/eEZ51jq7yj

The consensus estimate for today’s unemployment insurance number was 5.5 m. It turned out 6.6m but Wall Street is s… https://t.co/Q7zY8aImwK

69 percent of households had paid their rent by April 5; this compares to 81 percent that had paid by March 5, 2020… https://t.co/L0mVzpXzlf

@JAndritzky @ecb @fwred @Schuldensuehner @adam_tooze @HansWernerSinn @Isabel_Schnabel @PeterBofinger @WielandVolker… https://t.co/wtOQWt6PaI

Trump’s election in Nov 2016 triggered a staggering divergence in the perceived economic well-being of Americans. T… https://t.co/jAMcMoU3SM

Note that it took until October 2009 — nearly two years after the recession began, and four months after it had te… https://t.co/rmnwqDFrQU

The story about the unprecedented race between the lockdown and the policy response….. https://t.co/y9QZRdgMSW ….… https://t.co/WtLefjlTsa

Correction: Three-week total is actually an even worse 16.8 million after the revision to the prior week's data.

3.3 m 6.6 m And now … 6.6 m again! More shattering numbers from the US labour market out minutes ago. Time to r… https://t.co/EhZbdCsCXb