ADAM TOOZE

"More than 1,400 bonds—43% of those tracked in an influential $2.1 trillion index of global junk bonds—are currentl… https://t.co/H810dsOFV8

“What is the difference between a Texas oilman and a pigeon? The pigeon can put down a deposit on a new Mercedes.”… https://t.co/MIvm1b6Jbr

Many EM central banks have cut policy rates. But are they cutting enough, given Fed cuts of 150 bps & open-ended QE… https://t.co/gnqSznxPjq

Clear signs Fed easing & swap lines reduced the Dollar crunch in EM. Mexico's cross-currency basis back to a month… https://t.co/ZUVyzSTByN

Were its message not so alarming, I would find the ratio of copper/gold prices, production/hoarding, one of the mos… https://t.co/D4d7DdmEGj

There has been something akin to a global market for oil since the early 1980s (That is why this series for WTI fut… https://t.co/dF4UedB4ks

This is a great thread of reading on the unfolding corona crisis in India. https://t.co/B8yru2bPVB

“We have to go to our village — we will starve here,” “We haven’t eaten for two days,” “We are scared of this dis… https://t.co/5MhMG5fxTw

Nearly one-in-four U.S. workers – 38.1 million out of 157.5 million – are employed in the industries most likely to… https://t.co/ztWesmiDKc

Must listen if there ever was one! https://t.co/vckHYs7ugW

Nice breakdown of the $2trn stimulus. Strikingly small share goes directly to public health. $425bn for big busines… https://t.co/0CE8J1um9X

The amount of #COVID19 related research being produced within the last days is impressive and it’s hard to keep tra… https://t.co/eaghwJOtYz

@adam_tooze @JMSchles @no_such_zone yup – it had to come quicker, because things were breaking in the financial and… https://t.co/aLG93JResW

Looking forward to the discussion of the global financial panorama with the excellent @SchickGerhard tomorrow. Than… https://t.co/BGfTD8qziu

Fed’s intervention in Treasury market 15 March was important but it was the easy bit. Hard part is repricing all as… https://t.co/agWlEAUsXP

@etbadabim @boell_stiftung @SchickGerhard English … and I promise to try to talk at a normal pace and not gabble!

@atanaspekanov @fwred @VMRConstancio @gavyndavies @nghrbi This is wonderful. Thank you @atanaspekanov

I reviewed @zevin_a excellent history of @TheEconomist for @prospect_clark Better late to the party than never.… https://t.co/W2thaQElG2

@BergAslak @fwred @Shahinvallee @VMRConstancio @gavyndavies @nghrbi @FT For European friends wondering about the lo… https://t.co/F8xj5IJU1a

The US fiscal response to the 2020 crisis came extraordinarily fast and it was huge, larger even than the cumulativ… https://t.co/BZQ39S0bbn

@alanbeattie @gavyndavies Hi @alanbeattie @fwred also queried data. Have asked @FT @gavyndavies to clarify.

How big are European corona stimulus packages? @gavyndavies @FT published graph that shows EZ way behind rest of… https://t.co/dr3vBSX2Af

@fwred @VMRConstancio @gavyndavies @nghrbi Hi @fwred point taken. Clearly rank order remains the same, but the leve… https://t.co/oWCY7mlbvB

The Federal gov deficit in the US over next 2 year will likely dwarf the surge in 2007-8. Thank you to @JMSchles… https://t.co/IdprPo9a7y

Comparing unemployment in 2007-8 with 2020 results in a very peculiar graph! @JMSchles @no_such_zone… https://t.co/kTs6uJdVoX

The pace of the Fed’s asset purchases in recent weeks has been literally off the charts. FAR more intense than anyt… https://t.co/cSRXwsnfnS

“I have always had a certain horror of political economists since I heard one of them say that he feared the famine… https://t.co/0DFHRv2M75

2020 was a dash for cash in the most literal sense – we have seen cash hoarding on a scale last seen ahead of Y2k.…

Following downgrade to junk, South African rand plunges to record lows. Weakest EM currency this year and further f… https://t.co/LbtD898Fbp

Look at this rank of G10 fiscal responses too corona. It is an indictment of Europe’s fiscal “constitution”. France… https://t.co/hG5Q63HCAa

The 2020 crisis has confirmed once again that the @BIS_org Is the indispensable observatory for an understanding of… https://t.co/qgNQGrqiJm

Collapse in oil prices driven by 1. Historic collapse in demand 2. Lopsided Saudi-Russia-“US” trio with no leadersh… https://t.co/56Wpie39V2

"People are going to die, I'm sorry. But we can't stop a car factory because there are traffic accidents.” Bolsonar… https://t.co/uMq8QwEQwp

@g_rodriguez_r I really hope that I do exaggerate. I will admit that there is also an element of consciousness-rais… https://t.co/KWYJaacklC

@rosellacappella & I are indeed writing a book with a lesson for how governments can & will respond to #COVID19 Th… https://t.co/ufImOhKkOy

The 2020 crisis has confirmed once again that the @BIS_org Is the indispensable observatory for an understanding of… https://t.co/ztTv2fNQm6