RT @fwred: Great news for the ECB. Plenty of additional room to extend asset purchases, including the APP. twitter.com/DeItaone/statu…
RT @OBR_UK: Debt has risen above 100% of GDP for first time since 1960-61, but the cost of servicing that debt falls to new historic
Buried in @IMFNews GFSR is a remarkable global bank stress testing exercise, which yields some alarming results. Check out the NEW Chartbook Newsletter #4 adamtooze.substack.com/p/chartbook-ne…
Eurogroup Finance ministers need to overcome longstanding concerns from northern hawks about reforming the ESM to be able to make progress on banking union which
Talking to @ewaldeng was an absolute pleasure. Truly grateful to have the chance to reflect with him on the trajectory of the last few decades.
Released within weeks of each other, the Fed’s Financial Stability Report and the ECB Review are very different beasts! A comparison in the NEW chartbook
How stable is the financial system? Chartbook Newsletter #4 compares the Fed, ECB and IMF Financial Stability Reports. adamtooze.substack.com/p/chartbook-ne… To get the newsletter regularly in
NEW: Chartbook Newsletter #4 "Financial Stability Three Ways" Just dropped. A first look at the recent reports by Fed, ECB and IMF. To get the
How caon journalists report on the current crisis? How do you penetrate to the highest ranks of major global institutions such as the IMF, the
Released within weeks of each other, the Fed’s Financial Stability Report and the ECB Review are very different beasts! A comparison in the NEW chartbook
How stable is the financial system? Chartbook Newsletter #4 compares the Fed, ECB and IMF Financial Stability Reports. adamtooze.substack.com/p/chartbook-ne… To get the newsletter regularly in
ECB's Financial Stability Review just dropped today. In the NEW Chartbook Newsletter #4, I compare it to Fed’s Financial Stability Report of earlier this month
NEW: Chartbook Newsletter #4 "Financial Stability Three Ways" Just dropped. A first look at the recent reports by Fed, ECB and IMF. To get the
Europeans banks have suffered a painful shock in 2020: rate of return on equity has fallen from 5 to 2% driven largely by margin compression.
How stable is the financial system?
At least twice a year, the world’s central banks and international financial institutions like the IMF and the Financial Stability Board set themselves to answering this question. A typical rhythm is to publish two reports a year, one in the spring and one in the autumn. National central banks cover their respective territories. The IMF and the Financial Stability Report take a global view. In the last few weeks, we have had the reports from the IMF, the Fed and the ECB. The Bank of England does a very interesting report. So too does the Bank of Japan.
This year’s spike in the nation’s money supply has been unprecedented. 21 % of all dollars in circulation were printed in 2020. @KatusaResearch via @SoberLook
For 1/3 of Americans, reducing the US deficit should be a priority for incoming Biden administration. Which way will Yellen swing? @MorningConsult via @SoberLook https://t.co/inNIwuk7Zt
Of countries with the largest number of refugees in Europe, W. Asia and Eat Africa, Turkey is way ahead of all the rest. Data from
Under pressure from corona shock, Hershey’s is using trades on the cocoa futures market to sidestep the premium being charged by Ivory Coast and Ghana
Cliff edge? @ecb does interesting & alarming juxtaposition of corporate loans & household debt v. corona support measures, guarantees, job support etc Premature withdrawal of
Despite shock of 2020, a record 90 percent of fixed income assets offer less than 2 % yield and yields are compressed. @ecb Financial Stability
The dollar debts that helped to end the Cold War. By 1988, the Soviet Union and its bloc owed $112bn. Of the bank loans the
Divergence btw sectors and national economies in Euro area as measured by weighted standard deviation of year-on-year growth. Surged after 2008 and even more dramatically
Japan breaks the correlation btw debt/gdp & 10 year Treasury yields visible for other advanced economies in 2019. @AdamPosen ft.com/content/f478f5… https://t.co/XybEqKjBw3
The real effective exchange rate of the renminbi benchmarked against its 5 year average -> despite the recent appreciation it is not overvalued. @PantheonMacro via
"between 1990 and 2002, Japan had the lowest average per capita gross domestic product growth rate in the G7, and from 2003 through 2019, it
In 2020 both EU and US suffered huge hits to labour market. In US the result was a vast surge in unemployment. EU, instead, absorbed
When BlackRock offered to advise the EU on sustainable finance regulations for as little as €280,000 someone should have smelled a rat, EU ombudsman finds.
As the markets digest the news of defaults on Chinese SOE backed by provincial governments, investors have been selling high-rated state-owned-enterprise (SOE) bonds in provinces
What to learn from Japan? @AdamPosen asks 1. Do not exoticize 2. Do not be fatalistic 3. Policy makes a big difference in addressing problems
RT @MESandbu: In the 1980s we thought we needed central bankers who were economically more conservative than the public. Now we are learnin…
France has sent out bills for digital service tax, UK is due to start in April. US pulled out of OECD negotiation in June. Lighthizer
2020 shock -> public debt/gdp ratios have surged. In Euro are from c. 85% to 100%. How much of that is due to new debt
The wobble in China’s bond market has been one of the big stories of the last few weeks. A healthy shakeout or a more worrying
"A fiscal tightening at a time when output gaps are still projected to be negative could exacerbate the current economic situation.” And what does the
Sectoral dispersion of growth rates across the euro area, the dramatic hit to service sector in 2020 is clearly visible in the comparison to 2008-9.
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