ADAM TOOZE

RT @fteconomics: IMF poised to announce $15.6bn lending programme for Ukraine on.ft.com/3TkqhJu

Bankruptcy occurs gradually then suddenly, Ernest Hemingway wrote. Credit Suisse appeared to be losing its reputation in the same way. ft.com/content/bfb631… https://t.co/INJjod2VOq

South Africa’s Towns are Owed $17 Billion by their citizens and local businesses. Cant pay bills to ESKOM etc. Fiscal state disintegrating from bottom up

Russia’s seaborne crude flows rebounded last week, with India now making inroads into the country’s Pacific exports having taken the bulk of cargoes shipped from

KPMG signed its audit opinion on SVB on February 24, exactly two weeks before the bank was seized by regulators in the wake of a

RT @TheNationalNews: Supporters of former Pakistan prime minister Imran Khan clash with police outside his residence thenationalnews.com/world/2023/03/…

@CrispianOlver @Columbia Amazing to be in conversation with Crispian. The work that @ClimateZA is doing is extraordinary!

RT @dsquareddigest: @zeithistoriker @graceblakeley @BuddyYakov Exactly in JK Galbraith's line of thinking. If American policymakers did wha…

RT @Brad_Setser: But it is also I think clear that a lot of longer-term "safe" bonds (Treasuries and Agencies) issued between 2015 and 2021…

RT @Brad_Setser: As @jeuasommenulle and others have illustrated, SVB built up a huge hold to maturity bond portfolio — over $90b of bonds…

"The weekend US officials hatched a plan to stave off a banking crisis" ft.com/content/56a8df… Obs it wouldnt help right now, but in due course, dont

Chartbook: Chartbook #201 Venture dominance? The meaning of the SBV interventions. adamtooze.substack.com/p/chartbook-20…

Chartbook: The thing we aren't calling a bailout, other banks & how German and Japanese debt seem like a safe haven plus modeling Pearl Harbor

RT @MrMatthewTodd: We’re in a nightmare. There’s almost no one in mainstream public life really explaining what is about to happen to us al…

RT @SparshAgarwall: "For many like me, who were moulded by @CPR_India's walls that whispered to us about our intellectual responsibilitie…

RT @M_C_Klein: "We aren't using taxpayer money to do a bailout, we are just using the ESF and also having the Fed pretend that banks

Chartbook: Chinese manufacturing dominance, the slave-trade & the industrial revolution, Yuan Shikai remembered & anti-fascist footballers adamtooze.substack.com/p/chinese-manu…

Chartbook: Top links 174 Chinese manufacturing dominance, the slave-trade & the industrial revolution, Yuan Shikai remembered & anti-fascist footballers adamtooze.substack.com/p/top-links-17…

So this was screamingly obvious to anyone who had individual data on top 20 banks and regulators, fed, treasury stood by and no one had

RT @AndreasSteno: SVB is/was not like the others because a prudent bank hedges interest rate risks. SVB did not. Chart from JPAM / Michae…

RT @ahistoryinart: John Lavery's picture from 1929 depicts Mrs Osler, a Canadian socialite, reclining on a sofa in her villa at Cap d’Antib…

RT @danieljhartley: Immanuel Wallerstein (right) and Fernand Braudel (left) at the inauguration of the Fernand Braudel Center in Binghamton…

RT @TheLuisPanini: Last night I attended the LA premiere of Orson Welles’ newly restored in 4K The Trial (1962) & at the end I could

So US regulators watched a bank with 97% runnable deposits, that is key to Silicon Valley ecosystem, run up a $100bn one way bet on

RT @youngonesfan: #TheYoungOnes nailed it back then #BBCBias https://t.co/hCdkeSKJg0

RT @MorganRicks1: Legally, FDIC can't use public money to protect uninsured deposits – this would violate its least-cost resolution obligat…

RT @Fehlermaker: @adam_tooze Chris Clark and 1848 reminds me of his fantastic singing voice. Here he is at an LRB event. The song is around…

You are the sense maker … trading as an existential calling. twitter.com/denisekshull/s…

RT @zeithistoriker: Huh https://t.co/8arihjYtdY

So … America had a big bank at the heart of a crucial high-vis sector, that had 97% runnable, uninsured deposits that by end 2021

For the last 12 months we've been asking, what will bend and what will break as the Fed hikes. With SVB's failure we have now

Exports of Italian wine to Russia surged in 2022! twitter.com/wineecon/statu…

RT @policytensor: I had to see with my own eyes. In terms of value-added at market rates, China ($4.9tn) is now as big a mfg

RT @CJFDillow: 100% this. The BBC does a lot of great work let down by its news & current affairs bilge. But it it is