ADAM TOOZE

India’s corona lockdown has led to a crippling shortage of containers Prices of shipping containers to destinations such as US and Africa have more than

@UliVolz @martinwolf_ @FT My misspent youth …. And my historian hangups 🙂

Hi @UliVolz isn’t the embarrassment that whereas @martinwolf_ and FT can see this connection in case of Donald Trump it applies just as well to

RT @Shahinvallee: The best thing for international monetary nerds on a confinement weekend. twitter.com/HyunSongShin/s…

2019: Record super hurricane Dorian hits the Caribbean 2020: Super Typhoon Goni descending on the Philippines …. This is terrifying stuff! twitter.com/gdimeweather/s…

Foreign funds continued to flow into EM fx-denominated bonds Jan-Sep 2020. But they have drained out of local currency bonds. @SergiLanauIIF via @SoberLook https://t.co/e9ce9qEwo3

There was a huge surge in US T-billl issuance in spring of 2020. MMMF absorbed a huge slice. @TS_Lombard via @SoberLook https://t.co/uXlEe4z4z3

China, debt vulnerabilities of China’s local government level have increased in recent years. Direct borrowing by local govs was first permitted in 2015 but has

Fx debt service due by end of 2021 exceeds Fx reserves in Zambia (pop 17 m) Ethiopia (pop 110 m) Pakistan (pop 215 m) @IMFNews

The drawdown of US forces in the Persian Gulf in 2017 was dramatic. @TS_Lombard via @SoberLook https://t.co/uzMIbOkZ4a

The acute EM/frontier funding squeeze of March/April has eased. But cost of funding remains c. twice what it was at start of year and spread

Another reminder that whereas global funding for EM fx bond issuance has recovered, the same is not true for local currency issuance. @IMFNews GFSR imf.org/en/Publication…

A million jobs have been shed from state and local employment in the US since the start of the year. @GregDaco via @SoberLook https://t.co/cJtOMvO3rQ

South Africa & the Philippines have more than half their annual debt issuance to get done by the end of the year. @IMFNews GFSR imf.org/en/Publication…

Rich world observers tend to underestimate globalization of China’s banks because they are active above all "in poorer markets that Western lenders either never entered

Several EM central banks have met the 2020 crisis with QE. In many cases, bond buying has been small scale. Not in the case of

IMF fears that in an adverse scenario banks holding c. 40% of assets in EM could end up in very weak capital position. GFSR @IMFNews

RT @olgatuleninova: Winslow Homer After the Hurricane (1899) https://t.co/kkaniyow3z

Foreign assets of China’s commercial banks, net of liabilities, have soared by $125bn since April = an effective mechanism for preventing yuan appreciation whilst avoiding

Japan’s core consumer price index is lower today than in 1992. This is what sustained deflation/lowflation looks like. @alpinemacro via @SoberLook https://t.co/3dwAHvXUFK

In 2020 EM central banks have done QE to supplement rate cuts, provide fiscal support and help stabilize bond markets. It has worked. Rates are

In the face of mounting deflationary pressure in the Euro area, the @ecb continues to predict a rebound in inflation in 2021-2. When will we

The new corona infection rate in France is currently almost three times as bad as in the US. The UK/Spain rates are *2. And yet,

RT @archillect: https://t.co/YxR8Vtu4eR

RT @MaxCRoser: Tanzania's President John Magufuli won the election with 84%. The opposition describes the election result as fraudulent. ht…

The extraordinarily strong relationship btw China’s credit impulse and Germany’s PMI suggests China domestic demand -> demand for German exports. @scotiabank via @SoberLook https://t.co/oIEFyDFRXE

Germany is sliding deeper into deflationary territory. @SoberLook https://t.co/pRhYD5ZBXy

"CEO confidence skyrockets on expectations of layoffs and wage cuts” @DionRabouin Quite the headline from @axios axios.com/ceo-confidence… https://t.co/32eVNQoRlK

RT @drlangtry_girl: Holders of currencies and gold jewelry, trophies royal armor, 1506, Andrea Mantegna https://t.co/t0xuYRH2Un

22.7 m Americans are receiving various types of unemployment benefits as of Oct 10. More than 60% of those will see their benefits expire at

Another week. Another million Americans sign on for unemployment benefit. @OxfordEconomics via @SoberLook https://t.co/wDspvyNjkS

After 2 disastrous quarters and a rebound in Q3, the 2020 crisis is now exactly where we were at in the 3rd quarter of the

The 2020 shock benchmarked against the pre crisis trend indicates how far we are from a real recovery. @SoberLook https://t.co/4HLVINKjAM

America’s trade deficit is adding helpful stimulus to rest of the world. @SoberLook https://t.co/dE5cVf3bff

The surge in US renewable energy consumption since 2000 has been driven above all by wind power. @EIAgov via @SoberLook https://t.co/LLrk6Uqj5b