ADAM TOOZE

Ford’s downgrade to junk adds an indigestible chunk of $36bn in “fallen angel” debt to the stretched junk/HY market… https://t.co/pC5ubbsnMJ

"A number of events could trigger a sharp tightening in financial conditions including the crystallization of polit… https://t.co/eo6xmG7Ha5

Some governors, including New York’s Andrew Cuomo, have said the aid to states is far too small to help with what a… https://t.co/kS1bdu5tAY

After Rutte’s performance this week, can this be for real? @MSchularick @Shahinvallee https://t.co/CpOlmHH48w

Chalk Paths, Eric Ravilious, 1935. It depicts an area of the South Downs in East #Sussex, now @sdnpa. The original… https://t.co/aaGTN5uUBX

Funding for multinationals other than IG bonds and loans dried up in the second week of March 2020. This piece by… https://t.co/eaSP4SnhPO

Bank credit lines are like credit cards for global corporations: JPMorgan had $367bn of undrawn commitments end 20… https://t.co/spD5qrvqNL

Btw 1 March and 25th March these US-European corporations drew down $124bn in credit from their banking connections… https://t.co/DynxqN2DDn

@ZLCap Sweet. Thank you for the digging.

Unemployment & the corona crisis, a podcast I did with @JeremiSuri & his very talented son Zachary. Its on iTunes… https://t.co/Vp3tNudA4b

Warehouses v. Malls The hit to Real Estate Investment Trusts depends on how exposed they are to the lockdown.… https://t.co/qmh8vJQiIi

REIT have been absolutely hammered by the shock and the bad news on the real economy is only just beginning. We hav… https://t.co/ABt877GUWA

Apropos of the conversation about history and the current crisis. https://t.co/xIsIxuPLR8

"The jump in US unemployment filings marks a chilling moment of reality” The word R E A L I T Y properly invoked h… https://t.co/OeAg48FbPn

A debt crisis with Chinese characteristics? Last year Sebastian Horn, @carmenmreinhart Christoph Trebesch mapped… https://t.co/wMDQENPOLw

Excellent thread by @jfkirkegaard who after the disappointment of the EZ’s corona response (leaving action to ECB)… https://t.co/EjRoCBF6uR

political space to do so. There can be no excuse for the @EUCouncil not to follow in the Hamiltonian footsteps of t… https://t.co/J7xMtQLHZI

Good take on last night’s #EUCO meeting and it’s implications. Though scale of disappointment is only a function of… https://t.co/dVvPgz3uiE

As the US pumps up giant spending package -> fixed income players are calling for unlimited and aggressive Treasury… https://t.co/1fffdJhIdV

Fed is currently buying $75bn Treasurys per day. But big fixed income players want more: unlimited purchases to ach… https://t.co/P1i9EpSxit

As @Birdyword argues there is going to be a horrendous problem of circular causation in escaping from the economic… https://t.co/evydCLTFrV

To track the politics of China’s constrained response to the economic crisis, very different from 2008, you have to… https://t.co/9Be3QR3C1X

Encouraged by the first positive results of their previous decisions to do nothing in common to fight the coronavir… https://t.co/2aj5e6qVJJ

Companies worldwide have tapped banks for $200bn in less than 3 wks, as they shore up finances amid coronacrisis. I… https://t.co/u4mSeHUuEk

@michaelxpettis If not now, when? @yanisvaroufakis https://t.co/75xFRizlFA

On Friday's @WSJ front page: For her last act before being expelled from China, @ByShanLi teams up with @Birdyword… https://t.co/R4Nwasel16

In a different crisis and another context, I once argued that eurozone countries need not wait for Germany and othe… https://t.co/xamAjMS3mP

In the immortal words of Lloyd Blankfein, "you're getting out of a Mercedes to go to the New York Federal Reserve.… https://t.co/GCPUtc8IDO

In its annual report in summer of 2019 the @BIS_org laid out a playbook for EM facing global financial shocks. It i… https://t.co/yUVxEqK34b

Hard to know whether this is good or bad news but Chinese coal consumption has more or less recovered to the levels… https://t.co/bkaCJfhF8z

As of 20 March China has done about $430bn in stimulus. And that includes a lot of special lending v. Regular fisc… https://t.co/NV5Kumafvd

Hi @nfergus @mark4harrison if you have a moment listen in on my podcast with @JeremiSuri and you will hear my sayi… https://t.co/jJeaQGGrqK

Going to be talking with @SchickGerhard of @finanzwende next week. Looking forward! https://t.co/6roLupPaPC

@mark4harrison Actually dont disagree with any of this @mark4harrison and will say so in a post shortly.

March 2020: Apple Inc. reopened its 42 stores in mainland China on March 13, and has closed all its stores in the r… https://t.co/dU0KhU0ML6