ADAM TOOZE

Confirming that for 49% of Americans pandemic unemp benefit does not match wages v. 30% for whom it boosts income.… https://t.co/GSSe1iwTfp

More than 420 hedge funds are based in Hong Kong, managing assets worth almost $91bn, more than in Singapore, Japan… https://t.co/BmmXYGF03b

An electric/fuel-cell truck manuf that hasn’t sold a vehicle and has virtually no cash on hand is currently valued… https://t.co/irdDe0SyXv

This is fascinating. China citizens as tourists in foreign countries account for a sizeable proportion of luxury go… https://t.co/ouwUKADcgs

Of 144 emerging and development economies, 29 are oil exporters and 20 are metal exporters. Poverty rates are far w… https://t.co/7mH9gk4WuV

Of 144 emerging and development economies, 29 are oil exporters and 20 are metal exporters. Poverty rates are far w… https://t.co/WvkgJUh9HI

"Americans have not fully grasped that we are not doing what countries that have returned to normal have done. Amer… https://t.co/0bjZwltGER

The big locust outbreak in the Sahel in 2004 did terrible things to the farming economy of Burkina Faso, Guinea-Bis… https://t.co/BJN9Hf3a0K

For Haiti, Nepal and Tajikistan remittances from migrant workers abroad make up >30% GNP -> COVID-19 is a disastro… https://t.co/ZKG25YYZKo

For low-income sovereign borrowers like Ethiopia and Rwanda, borrowing costs surged in late March 2020. @WorldBank… https://t.co/ay2JWTF4gi

In the most vulnerable low-income countries the COVID-19 epidemic is just gathering steam: 2k new cases per day by… https://t.co/CZNjqBDNL0

Since 1870, the global econ has experienced 14 global recessions. COVID-19 will be 4th deepest. Most severe since t… https://t.co/dlKp5K6rbQ

"hundreds of billions of pounds worth of operations delivered from peoples’ bedrooms, attics and kitchens, whilst i… https://t.co/XytCEFCUqr

4 months after the Wuhan shutdown, commercial real estate sales across China are back to pre-crisis norms.… https://t.co/YL2M2I9imI

On 9 April @bankofengland announced that Ways and Means acct would be available to UK Treasury to smooth short-fund… https://t.co/4200Q9z9Zt

A greater share of the world’s economies is in recession today than during the 1930s and there are FAR more nationa… https://t.co/Hs3iEMI8rC

Btw 12 and 20 March sterling MMF saw a draw down of 10% of AUM -> desperate search for liquidity that drove spike i… https://t.co/8aTf9A8F3M

Plunge in sterling on 18 March and wave of margin calls -> caused UK gilt market to sell off and become dysfunction… https://t.co/gi8ots4HKq

In the second week of March it was dollar funding pressure, above all in Japan, that jogged global central banks to… https://t.co/S0W6GFzfDv

Remote central banking. "hundreds of bn of pounds worth of operations delivered from peoples’ bedrooms, attics and… https://t.co/GHConozXkM

In the luxury market even outside China, Chinese demand is crucial. Without their spending the global industry face… https://t.co/uwBw3NkJd7

China may send 100,000 ducks to Pakistan to battle locust swarms. Pakistan has declared an emergency saying locust… https://t.co/BRH8kGzeMz

Two worlds: Is the US economy in recession? – 40 point difference btw Dems and Reps in answering the question. "It… https://t.co/6RCyQlUhS3

Behind the shocking net fall in unemp number were even more bamboozling “gross” flows from unemp->emp, not in Labou… https://t.co/T4Ssbg0hHJ

Low-hanging fruit of agricultural productivity increase were picked in 2nd half of 20th century. Since 1970s more s… https://t.co/ARQYm3k7sD

100 years on from the Treaty of Trianon that ended WWI for newly independent Hungary: 9/10 Hungarians consider it a… https://t.co/ixUbEPGQOY

More than 1/3 of US leveraged loans are now rated B- or lower -> pushes CLOs closer to the edge. @EricGPlatt… https://t.co/mD5I6cbqM1

For more than 30 years the UK sandwich sector has enjoyed an almost uninterrupted boom, as a humble lunch became an… https://t.co/uUqv6jvX2c

1.8 m seafarers crew the 96k commercial vessels on which global supply-chains rely. Of those almost 400k poor souls… https://t.co/bf8ggNR8PJ

New piece with @DanielaGabor & @benjlemoine. Reason we wrote this up: the ECB mandate is being discussed in the Mon… https://t.co/M7gKGBXq3Y

today the @Europarl_EN debates @ecb mandate. We argue that ECB is partly responsible for @BVerfG 'proportionality'… https://t.co/kPYrUh9CJ8