ADAM TOOZE

Gotta say I love this thread. Keynes, the best antidote to Schmitt. twitter.com/abenanav/statu…

‘An American, a woman and a Jew writing about the (British) Foreign Office. It should not be allowed.’ Check out this appreciation of Zara Steiner

Currently we fund gov through debt market. If we dont perform MMT revolution, US Treasury market will continue to be key. In March 2020 it

Experts at Fed, Treasury & beyond have spent last few months mulling he dramatic shock to US Treasury market in March. As you can tell

@DovSFriedman That makes sense. I am going to be getting into the market dynamics a bit more in Part II where I look at the

The financial turmoil in March 2020 was in some ways more disturbing than in 2008. Why? Because it roiled the $20trn US Treasury market. And

Why labour market policy in US is a matter of racial justice & why progressive program must be built on running economy hot whether by

World of containers: 35 m are in use globally 170 m trips pa 55 m empty trips Shipping lines own 1/2 Rest owned by lessors

Open-ended mutual funds invested in higher yielding but illiquid corporate bonds, whilst offering same day redemption are a big run risk! In March 2020 the

Standardizing for education, Black and Latino workers face consistently higher rates of unemployment in October 2020 than their White counterparts in US labour market. @EricMorath

Gotta love @KeineWunder pictures of classic Weimar crisis histories in moody settings! twitter.com/KeineWunder/st…

RT @PaulBlustein: Learned a lot from this, not least the fact that @adam_tooze is now on substack! (Did I subscribe? Of course!) https://t.…

@NathanTankus Sure. But didn’t they find plenty of folks very keen to buy them?

Container bottlenecks: Global shipping business has been whiplashed in 2020 by collapse followed by dramatic resurgence -> critical shortages of shipping capacity on key Pacific

In March 2020 the US Treasury market was doing somersaults. Who was dumping the world’s safest asset? Why was no one buying? What was happening

Canada has done what is rational thing for any affluent country to do faced with risk/return on vaccine development. Order huge amounts of any plausible

Late late surge: UK’s last xmas in the EU plus Covid disruption is causing and almighty snarl up in container traffic and surging shipping costs

In March 2020 America’s trillion dollar mutual funds suffered an unprecedented run. This sent shockwaves through the US Treasury market, the foundation of the global

NL and Lux btw them account for loss of 15 % of German corporate tax revenue. 21% to EU havens in total. What kind of

UK mobility numbers are back down to mid June levels. @PantheonMacro via @SoberLook thedailyshot.com/2020/11/24/ret… https://t.co/Ho69CW0wuu

@Lee_Adler Fair point. But March 2020 … that was special!

The “double-dip” is now baked in to Euro Area forecasts. And GDP does not recover to 2019 levels (let alone trend) until end of 2022.

RT @MikePMoffatt: Fascinating stuff – must read monetary policy piece. twitter.com/adam_tooze/sta…

Fed’s GIGANTIC asset purchases in March 2020 were not generic QE. They were to sustain “market functioning” in most important financial market of all. Sign

March 2020 was a dollar crisis like no other! Foreign reserve managers were selling US Treasuries but NOT to dump dollars as we once imagined.

March 2020 shook the US Treasury market, the bedrock of global financial system. Who did the damage? Hedge funds? Mutual funds? Foreign reserve managers? Either

March 2020 saw the most dangerous disruption to the biggest financial market in the world – the US Treasury market – we have witnessed in

OUT NOW: Chartbook Newsletter # 5 What Happened in the US Treasury Market in March 2020? Take 1 of 4. adamtooze.substack.com/p/chartbook-ne… Sign up at adamtooze.substack.com

March 2020 was a dollar crisis like no other! Foreign reserve managers were selling US Treasuries but NOT to dump dollars as we once imagined.

March 2020 shook the US Treasury market, the bedrock of global financial system. Who did the damage? Hedge funds? Mutual funds? Foreign reserve managers? Either

@sbmitche Hang in there!

RT @ProfPaulWelfens: .@Adam_Tooze crucial

March 2020 saw the most dangerous disruption to the biggest financial market in the world – the US Treasury market – we have witnessed in

OUT NOW: Chartbook Newsletter # 5 What Happened in the US Treasury Market in March 2020? Take 1 of 4. adamtooze.substack.com/p/chartbook-ne… Sign up at adamtooze.substack.com

RT @TomSugrue: A critical diagnosis of the global economy in the pandemic era. Read @adam_tooze in #CrisisCities publicbooks.org/global-inequal…

March 2020 saw one of the most dangerous shocks to the foundations of the global financial system we have ever seen -> dramatic action from