ADAM TOOZE

"European banks indices have plunged 40 per cent in an indiscriminate sell-off of financial stocks. This outpaces t… https://t.co/QAG8ZIO8Wy

The virus shutdown has made delivery services into a vital lifeline -> in Washington state demand for trucks to tak… https://t.co/HBl6pwrONQ

Dovish surprise from the Fed. The 100 bps in rate cuts, taking us back to the ZLB, is a side-show, given that it wa… https://t.co/cC8l3yVNqk

This is a wonderful demonstration of logic of containment by @washingtonpost Bravo! It is all about distance.… https://t.co/SEVCtPaguj

Agreed. there is some heterogeneity, but overall the sector has not recovered well from last crisis, is highly unpr… https://t.co/H5GchSG6e3

The fragility of the European banking system is painfully exposed by this shock. Not just in Italy! https://t.co/ccYU2OMWCv

BlackRock, Vanguard and State Street Global Advisors have seen their assets shrink by an estimated $2.5tn this year… https://t.co/dyBHYEKRWK

The disastrous EU response to Italy’s corona crisis is taking its toll on public attitudes to Europe even in Italy,… https://t.co/gxtYGVT9nS

As @RobinBrooksIIF points out in there are so far no swap lines announced for EM’s. Major omission since EM’s are c… https://t.co/eUr867Ldc4

The swap lines are being freed up between the largest central banks. But where is the relief for the EM central ban… https://t.co/O8mfEBL0ri

The outflow of foreign capital being experienced by major EM is worse than in 2008 and in taper tantrum of 2013. https://t.co/4kmKzCFYyr

"Insufficient but necessary" may become the motto of 2020. https://t.co/KZjSN62aNp

The Eurozone needs to start talking about how to avoid the corona shock destabilizing its banking system and thus d… https://t.co/X69N49jZlY

@KatharinaPistor @PMehrling But likely will need to think of ways to help countries like Brazil

@Fullcarry They can give massive income support for people affected: tourism, travel, restaurants, gig workers. Pre… https://t.co/fjNphFHREj

I can remember us worrying whether a Trump administration/GOP Congress would green light swaps a second time around… https://t.co/Su6IolDbch

can someone ask joe biden why coronavirus qualifies as an emergency that requires medicare for all but this doesn’t https://t.co/ei5ysVZUYl

Let's be ahead of the curve in Europe this time, and not start discussing this in a piecemeal fashion when it's too… https://t.co/6wm72F7oUH

Here’s some of the toughest news I’ve been digesting, once the case load surpasses the relatively meager supply of… https://t.co/D3KTzn4qW0

One for @jamiemartin2 @BuddyYakov https://t.co/Z5O18BQ7m5

@jamiemartin2 @BuddyYakov @whinecough @form12019 @JeromeRoos Hello friends … and the big question is: how long befo… https://t.co/ZhiW9quPPW

Terrifying: “Trump described the travel ban as an effort to keep out foreigners who might bring the virus to our sh… https://t.co/Xc50KbcMj0

🔶 W. S. MERWIN Died on this day, in 2019 A NEW SONG “For some time I thought there was time and that there wou…

Now that #Patient31 is trending outside of South Korea, here's my story about her and how South Korea dealt with it… https://t.co/9ZQtSaK45d

South Korea was doing a heroic job controlling #COVID for the first 30 patients. Then #Patient31 did not adhere to… https://t.co/L5xe1qGBX1

It is mistaken to think that the Fed just exhausted its ammunition just now. Yakov Feygin (@BuddyYakov) and I are… https://t.co/25j764kxJa

Remember last Monday when we were all 100 years younger?

The Eurogroup is convening Monday to discuss a coordinated response. https://t.co/Sek5t6VkXK

The Eurozone needs to start talking about how to avoid the corona shock destabilizing its banking system and thus d… https://t.co/E7fl3XRxlh

I’m just going to pop in here and say that my twitter feed is really fucking excellent right now. Bravo, folks. Wha… https://t.co/c1QVxY6ZfS

This is an absolute communications disaster at the Fed. Someone should lose their job.

Jay Powell, answering final question during this historic tele-press conference, says "we're prepared to…" and then the feed cuts out

So in the press conferences of the two most powerful western central banks, Lagarde “misspeaks” & now the Fed can’t… https://t.co/AoZQaydjPL

As @RobinBrooksIIF points out in there are so far no swap lines announced for EM’s. Major omission since EM’s are c… https://t.co/3T0zVms6wH

A broken phone call for an emergency Fed decision. Out. Of. This. World.

And that’s how markets appear to be taking it… https://t.co/1fZOmwIjOB https://t.co/NXIqski2aR