ADAM TOOZE

TARGET2 IMBALANCES ALERT ALERT ALERT … default, redenomination risk, spreads, death, destruction … oh! …. they are… https://t.co/2t8C1zoi20

"The calls "are so unusual," confirmed a German official, that special measures were taken in Berlin to ensure that… https://t.co/RisHDPrtaW

Inflation fear? I don’t get it. But there is surging multi-billion dollar demand for inflation protection which has… https://t.co/HzxtFEqvW5

In Gobi desert Rio Tinto is digging one of world’s largest copper mines in Mongolia to deliver 500k t pa mainly to… https://t.co/dtJrqDSgBY

In California, one of tech hubs of global economy, 20-24% of school kids do not have a reliable internet connection… https://t.co/aHGzczGT5v

"By far the greatest number of Trump's telephone discussions with an individual head of state were with Erdogan, wh… https://t.co/UL5YZQppoM

Though there was a lot of good data new on US economy up to mid-June, low income employment numbers were massively… https://t.co/q5NsmaD9PY

US Landstuhl military hospital in Germany has treated 95k US soldiers wounded in Iraq and Afghanistan since 2001. T… https://t.co/2KMwNfKCVU

Loss of Appetite: As COVID surges in Houston the recovery in restaurant trade stalls. Beginning to look like a W th… https://t.co/EoTOXpt3ti

"Die Amis" – Over 10m American troops were cycled through West Germany from 1950 to 2000, with 250,000 deployed for… https://t.co/3ADplUfUYl

Great British Peso? @senoj_erialc & @jemimajoanna REALLY don’t like the sterling as EM currency story set in motion… https://t.co/c50eIXZQlC

There was a historic irony in Asia concern about COVID infections frm Europe. But what now threatens is a new and s… https://t.co/Sz51Ar2wf2

The Fed expects American Express, Bank of NY Mellon, State Street to make money even in COVID worst case scenario.… https://t.co/WwlA5OWByW

"crucial cog in America’s global military machine” – Americas bases in Germany are more significant than the 34.5k… https://t.co/7mrvEmIwfP

Mentions of the words "proportionate," "proportional," "efficient," and “effective” in ECB minutes. Could BVerfG po… https://t.co/5fC3m6X3Js

Predicted Pre-Provision Net Revenue is the key starting for the Fed’s stress-testing. It is point where revenue/cos… https://t.co/SSOuAHrNQX

Lets talk about that swoosh … California, Texas and Florida collectively account for nearly 30 per cent of the US e… https://t.co/1ZYQewYzuh

What @martinwolf_ called: "capitalism with the least possible risk-bearing capital” https://t.co/zTuGrPmYhX Beauti… https://t.co/rElU5xhuFJ

.Thanks for spreading the word about #asteroidday. Let us be the first to wish you #happyasteroiday .… https://t.co/5N6q8xGg5P

⁦@adam_tooze We talked about a ‘Chernobyl moment’ for Xi as though this was a crisis happening in an obscure town b… https://t.co/AK0UwYbtY9

Nitty gritty of Fed Stress tests is fascinating: e.g. Amex projected credit card losses < 1/2 those for Capital One… https://t.co/ZUi1kULyOB

As the Vale disaster demonstrated in 2019, tailings are one of the most dangerous waste products of the mining indu… https://t.co/wjSpVkLI8Y

In early 2020 we talked about a “Chernobyl moment” for Xi’s regime, as though this was a crisis happening in 1980s… https://t.co/SnPX4g2nNs

The huge surge in corporate debt issuance has benefited the usual investment banking suspects. JP Morgan leading th… https://t.co/jFAd6c0AZO

Commercial and industrial loan losses and credit card losses are the two largest categories of loan losses at $114… https://t.co/WZI0QFaOEq

“It took more than three months for the world to record 1 million cases of Covid-19. The latest 1 million cases wer… https://t.co/tO3k6sP8HH

"There could be investor strikes in fixed-income of kind that disrupted markets in the 1970s.” If the 1930s, New D… https://t.co/jsRFKfozKc

All that debt, which corporate borrowers have been issuing, with the backstop by the Fed, it generates some nice fe… https://t.co/8z79pMBfCy

"If Chinese or European-style suppression is off the table, the focus must be on low-cost mass testing and a global… https://t.co/KS3qylOtZr

Gearing up for the publication of the @BIS_org Annual Economic Report, in its 90th anniversary, this just came in t… https://t.co/oQr7hxuYIy

…surpluses and more state-sector investment. The former I would argue is bad for the world and the latter bad for China.