ADAM TOOZE

National unemployment rate dropped to 13.3% but minorities still facing very high unemployment- Blacks 16.8% Hispanics 17.6% Women 13.9%

Surprised by job gains? The re-opening was well under way two weeks ago. Twice as much job gains for men (+206K j… https://t.co/X3pY72F1J2

Ok I just can’t handle this … the IMF is headquartered in which city? in which part of the world? In what present c… https://t.co/Yn5e7JIt8g

Important line in the BLS release: If the workers who were recorded as employed but absent from work due to "other… https://t.co/0loYipStLM

And so it begins …. https://t.co/FaGz9cfrok

Sector highlights: Leisure & hospitality: +1.24m Construction: +464k Education & health: +424k Retail: +368k Trad… https://t.co/xf5sD2NrXq

Great news. German savers can get positive yields again for 30y Bund thanks to the decision by the government to ac… https://t.co/rSDnc5yBVN

BLS: Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3%

Real-time reax: WHAT THE WHAT???

Non-farm payrolls print at +2.5 million, which no-one saw coming, suggesting that most private-sector forecasters g… https://t.co/5r5fmqy70T

V-shaped recovery seems to be losing plausibility amongst respondents to @OxfordEconomics survey. <25% believe in a… https://t.co/oMuVuyDiq5

@adam_tooze @georgemagnus1 @michaelxpettis @IHSMarkitPMI @SoberLook don't write it off – it was the largest monthly… https://t.co/RjrVNrYBW9

With US deaths steady around 1000 and Lat Am surging, COVID-19 has now become a new world epidemic. In early June 7… https://t.co/tDC3DbsP8a

Interesting data on intergenerational mobility btw quintiles of family income from @MichaelRStrain @mercatus Quest… https://t.co/BiSeP1D9i8

@georgemagnus1 @michaelxpettis @IHSMarkitPMI @SoberLook Damn those PMI numbers. So easy to misread. New resolution… https://t.co/OeMwmRVGe4

“Flows are migrating toward areas of Fed support, hence demand for investment grade corporates and high-yield bonds… https://t.co/RD6PRwl3OV

$3trn REIT market potential: Despite trade wars and “new Cold War”, the Chinese financial honeypot remains as tempt… https://t.co/7N2tfHIqR0

To judge by @IHSMarkitPMI indicators, service sector in China is bouncing back with remarkable vigor. Does this rin… https://t.co/nsPCgOSPCI

Devastating @DanielaGabor thread on European Commission’s reliance on Blackrock in pursuit of its “green" finance a… https://t.co/hiU5DdOhkL

Chinese corporations have close to $500bn in externally financed liabilities, but they amount to only 3% of GDP v.… https://t.co/6k61LNv4Zu

At end-2019, Nonfinancial corporations resident in the 16 largest EM had outstanding debt of $28.6 trillion, up fro… https://t.co/inuCnOsoOL

Of $74trn in equity listed globally @CarbonBubble classifies $18trn as closely linked to fossil fuel supply and dem… https://t.co/BYIUYSBtSY

Trump on Tiananmen Square in 1990 … the Chinese government almost blew it. They they were vicious … they put it dow… https://t.co/81dGNi6Bcq

We cannot tolerate an American secret police. I will be introducing legislation to require uniformed federal offi… https://t.co/WfTe46Y4q4

3.5 million views on Twitter in under an hour, and "Buffalo PD" is the #1 Twitter trend in America https://t.co/YrJ2NtUgPb

The police need to be denazified. We need an independent group, not police unions, to look into this kind of abuse… https://t.co/IdH7ayD4is

Chinese corporations have close to $500bn in externally financed liabilities, but they amount to only 3% of GDP v.… https://t.co/KAa9ypta40

At end-2019, Nonfinancial corporations resident in the 16 largest EM had outstanding debt of $28.6 trillion, up fro… https://t.co/Ljs5pMVpbk

Of $74trn in equity listed globally @CarbonBubble classifies $18trn as closely linked to fossil fuel supply and dem… https://t.co/wELJEcghmw

Fantastic review by @adam_tooze in @DissentMag of @zeithistoriker's "Globalists: The End of Empire and the Birth of… https://t.co/skVirs3gwE

Fascinating thread on East-West Eurasian connections btw China and E Europe in the "1989 moment”. Thanks to… https://t.co/2YvSnGjDEu

In 2006 the Central Commission for Discipline of the Chinese Communist Party launched an eight-part series of a TV… https://t.co/NqhH5rX7SC

The world’s fossil fuel demand assets i.e. all world’s cars, planes, trucks, power stations, generators, the steel,… https://t.co/J69cKPcrmd

The total amount fossil fuel rent generated in 2017 was $1,214bn, according to @WorldBank of which $887bn came from… https://t.co/nXnPNwjfmq