ADAM TOOZE

The U.S. has now just in the past few weeks lost nearly 10 million jobs, more than the 8.7 million lost in the Great Recession.

Not even a log scale is enough to eliminate the vertical implosion of the US labour market. https://t.co/z8y4JSIs6W

"A collapse in the labor market that has never been seen before," @mckonomy. Sadly, the direct unfavorable effects… https://t.co/Z4TQaF3nIy

NY Fed: "It may be desirable for regulators to suspend the publication of bank-specific information during a crisis… https://t.co/ixOkvvBQ4I

Today’s unemployment number is TEN TIMES worse than the worst week in 2008-9! America’s broken public health system… https://t.co/b7YlmbANjZ

Have you heard ‘#83 A crisis like no other w/ Adam Tooze’ by @poltheoryother on #SoundCloud? #np https://t.co/FoMHYy5C04

Realism is a loaded term in our current predicament. I chatted with @ezraklein about pastiche realism a few days ag… https://t.co/gLPJDQdifG

The Virtues of Violence Democracy Against Disintegration in Modern France by @ktduoung88 Out with @OUPAcademic Look… https://t.co/uQZ5IQbMfP

We’ve got 99 problems right now … inflation should not be one. @MESandbu excellent as ever.… https://t.co/WzaqFGLbDF

Is MAGA consistent with US Fed role as steward of global $ system? We used to doubt it. But, now look at Powell!… https://t.co/UzsIxiVF0r

Italian manufacturing output is falling at rates not seen since 2008 and that hit the Italian industrial economy ha… https://t.co/OdmRhFwuhl

The fiscal impact of 2008 followed by COVID-19 in the US is beginning to look a bit like the double whammy of Great… https://t.co/aU2oS27QZi

Huge and unprecedented collapse in services consumption drives @GoldmanSachs shocking predictions for US GDP in Q2.… https://t.co/yeeLcElZEP

Many of us like the hammer-dance analogy. But is the best case actually closer to surviving on a life raft?… https://t.co/uQbnFG60xe

We are expecting US unemp numbers to be terrible later this morning. But how bad are EZ stats going to get?… https://t.co/w6H7wl91Iz

The American consumer is still the single largest driving force in the world economy. So this collapse in economic… https://t.co/lJg2ZhUhNc

Important thread by @RobinWigg on the bad news coming through @BankofAmerica debit and credit card network. https://t.co/IoyAEudNDR

Articles on covid-19 are often quite Western focused, so it's refreshing to see a discussion of how this will affec… https://t.co/xNIhm9lMFm

@rethinkecon Thank you

The hit to consumption is one of characteristic features of this crisis. As @AdamPosen was emphasizing yesterday it… https://t.co/LAOYDQWcN4

Brace! Brace! The US jobless claim number later this morning could be even worse than last week. Desjardins via… https://t.co/QzqvmM52pA

Good Morning from #Germany where bonds have massively underperformed US bonds in coronacrisis on fears of a debt ts… https://t.co/t7RKaPUOqa

2020 may be the first year of falling global GDP since WWII. Wow … that’s an impressive historical statistics. And… https://t.co/O98JTdTNBa

Credit downgrades are accelerating in the US and, crucially, they are tipping increasingly large # of firms out of… https://t.co/aYa9pJG0ux

What is striking about this panel describing various risks to Asian EM is the broad band of financial risk to which… https://t.co/5Ky6qdzbtU

The erratic swings in sovereign bond markets in 2nd & 3rd week of March 2020 were the must disturbing sign of huge… https://t.co/hAdmEbXMp1

Where the corona shock shows up in Germany is not in a surge in unemployment numbers but in applications for short-… https://t.co/fPR2DxVLwn

Even allowing for differentials within the Eurozone …. THERE MUST BE NO TALK OF INFLATION! @scotiabank via… https://t.co/zSxcN19bdl

Higher paid workers are doubly advantaged in a crisis like this. One of reason they tend not to get laid off is tha… https://t.co/G8W3vMTHIB

2020 may be the first year of falling global GDP since WWII. Wow … that’s an impressive historical statistics. And… https://t.co/XzSzmefA96

COVID-19 is everywhere in NYC but it is most concentrated in South Bronx and Western Queens the neighborhoods with… https://t.co/VDfxg5t0h1

Credit downgrades are accelerating in the US and, crucially, they are tipping increasingly large # of firms out of… https://t.co/MTbi1WUDzX

What is striking about this panel describing various risks to Asian EM is the broad band of financial risk to which… https://t.co/DX0VtqQOof

The erratic swings in sovereign bond markets in 2nd & 3rd week of March 2020 were the must disturbing sign of huge… https://t.co/5toj4vT56k

And here are *daily new deaths* for 29 countries: • Belgium joins UK and US with steeply accelerating daily death r… https://t.co/OqVswtV3zL

Where the corona shock shows up in Germany is not in a surge in unemployment numbers but in applications for short-… https://t.co/vW9ahYVNWd