ADAM TOOZE

@_nflry @LusManuelCalvo1 @AnjaCzer @CasparShaller @christa_wirth @HansSuter @ch_esch @mullansp Cheers.

@MatGJohnson Thank you.

Been struggling to reconstruct how this happened. Doesnt make any sense prima facie. Obs. Not even a stray mention of Catholic in any of the

RT @DanielaGabor: I would like to think I am part of the 'very closely following' club that got @Lagarde to say profane words like 'profits…

As various people have pointed out political strand of Freisinn/FDP liberalism in Zurich was Protestant NOT Catholic. Mea culpa. @LusManuelCalvo1 @AnjaCzer @_nflry @CasparShaller @christa_wirth @HansSuter

@CasparShaller @BertholdSeliger @christa_wirth Sorry! will fix

Global stress often has local origins: SVB Credit Suisse BoJ JCC A bit of a hobby horse right now. Chartbook #202 on the Zurich milieu

Swissair Nestle Swiss Re Credit Suisse All corporate expressions of the ambition of Zurich's tight-knit liberal-catholic milieu. An error prone bid for global relevance. Chartbook

@TheStalwart Precisely. Which depositors and at which banks and who pays for making them whole!

Coverage of SVB has all been about local dynamics. But the crisis at G-Sib Credit Suisse has local origins too. Not Silicon Valley but the

RT @BertholdSeliger: "…the Credit Suisse debacle is best seen as the latest phase in the crisis-ridden effort by Zurich’s liberal Catholi…

RT @sritara: Here is @adam_tooze with a super primer on roots of the crisis at #CreditSuisse The notion of "cronyism" as lying at the root…

Chartbook: Chartbook #202 What went wrong at Credit Suisse? The Swiss roots of the debacle. adamtooze.substack.com/p/chartbook-20…

RT @RobertAlanWard: FT chart showing how thickly woven the South China Sea is with undersea internet cables, carrying data not just within…

RT @MorganRicks1: @PeterContiBrown Having now read this and @NathanTankus's related thread, my main conclusion is that Twitter isn't a work…

RT @PeterContiBrown: A good thread from @MorganRicks1 on what he calls a “meta thought” that I think is an important, intellectual, methodo…

RT @MkBlyth: Every wonder what 'strong states' do when they can't do what they say they will do? Wonder no more. Excellent podcast with @iz…

RT @Ma_Deutsch: No #hydrogen – New busses for Berlin: – final decision: no role for hydrogen, the future is battery-electric – and beyon…

Devastating. Yellen all at sea! twitter.com/seidlercorp/st…

RT @michaelxpettis: 1/4 Important changes. Caixin notes that the Financial Stability and Development Committee, which is being absorbed int…

RT @Brad_Setser: I provide free content to Twitter, hopefully of reasonable quality, with the support of the Council of Foreign Relations a…

RT @neurosocialself: ‘There must be those among whom we can sit down and weep and still be counted as warriors.’ Adrienne Rich https://t.c…

RT @charliebilello: The "Fed Put" is back with assets on their balance sheet increasing $297 billion over the last week, the largest spike…

RT @janrosenow: The Netherlands: Europe’s solar leader despite not being known for its sunny weather. @EnergyMonitorAI @SolarPowerEU http…

RT @RobinBrooksIIF: The bear case for the US economy is that smaller (regional) banks in the US have been playing a really big role versus…

RT @DanielaGabor: kind of incredible, but US Fed's emergency lending to US banks was higher over the past week than during the global finan…

Chartbook: Banking rot, Aukus on the move & what Russia's liberals learned from Pinochet adamtooze.substack.com/p/banking-rot-…

RT @meadwaj: As always, fascinating discussion between @poltheoryother and @adam_tooze on contemporary far right and historic fascism, the…

RT @poltheoryother: 📣 📣 @adam_tooze on Clara Zetkin's 1923 report on fascism and how fascism and Nazism are distinguished from other kinds…

RT @TheStalwart: “I think that the story of SVB’s failure has turned out to be that SVB was the banker to tech startups, and tech startups…

RT @jeuasommenulle: Big move: SNB annonces liquidity backstop for Credit Suisse https://t.co/mlF6nHrURc

@GradEnviro Some sorts of depositors more prone to that than others! SVB's depositors made it acutely vulnerable to that kind of event.

@burreauxito Did they see who those depositors were?

Isnt "going concern" the issue? I gather there is a moment at which bank management face auditors and positively affirm that their bank is a