ADAM TOOZE

Unemployment systems run on a programming language so old that engineers joked about its demise *in 1960* https://t.co/MPeEzG8FoM

One of the dividing lines btw “emerging” and “frontier” markets is whether their governments can borrow in own curr… https://t.co/K6JyanfJ6c

“Tesla is the only non-unionized automobile workforce of any major car company in the US, leaving employees with li… https://t.co/UEyQ1HRNDJ

@twittarmatthaus @mck_beth Why is it orientalist to ascribe strategic vision and ambition to Ankara?

A bread line in Vermont, cars lined up as far as the eye can see. https://t.co/7J6knqh20g

Turns out Christian Cooper, the birder who stood his ground at Central Park whilst his namesake sought to add him t… https://t.co/GE00NCWgqO

Libya is the latest battlefield of Erdogan’s Mavi Vatan, or Blue Homeland strategic vision. This by @mck_beth is fa… https://t.co/R3fTaEogBe

Also a recent thesis on "The Bond-Market-Power Fallacy" https://t.co/rHitNAQaBD ping @adam_tooze

“Severe adverse scenario applies credit rating transition matrix for speculative grade credit after GFC to current… https://t.co/cuLEJhyviB

The Sum of All Fears: what to worry about in the ecosystem of risky advanced economy debt. Another great chart fro… https://t.co/3WooreoJuL

$6.6trn = Direct and indirect exposure to ecosystem of risky credit in advanced economies. GREAT chart from new pu… https://t.co/1Er3DMxf8l

The number of Chinese living in urban areas overtook those in rural areas as recently as 2011. Still today over 500… https://t.co/1kM299UNhy

There is a worrying chain that runs from corporate downgrades -> leveraged loans go bad -> pressure on CLOs But mer… https://t.co/LvAVrJoou8

Following China’s WTO accession in 2001, btw 2001 and 2005 the number of undergraduates and postgraduates in higher… https://t.co/3cAxa1S8DC

Global CLO issuers bundled higher risk leveraged loans. Early in 2020 it seemed we were on track for a record year.… https://t.co/KAtEWNsAYf

One of the consequences of one hell of a lot of socially-distanced walking: as of today, I have found postboxes fro… https://t.co/IueqT4UwK5

We think today of China as an education-driven success story but it was as recently as 1986 that education became c… https://t.co/qw9LEllme6

China’s great famine of 1961-2 is clearly visible in the demographic statistics. @SCMPgraphics… https://t.co/YbOxelDNHt

Global issuance of risky credit was strong before the COVID-19 outbreak, but has slowed sharply since late February… https://t.co/ZHClPuxtYU

The top female billionaires who are self-made businesswomen are overwhelmingly Chinese. @StatistaCharts via… https://t.co/osEd6ZHafP

Exorbitant privilege/Fiscal exceptionalism. The US is looking like an outlier in its first round fiscal response to… https://t.co/t7gWddF1GL

As their retail clients shuttered shops US Mall landlords received only a quarter of rent due in April! In total $7… https://t.co/KDrMGFEeIk

Beijing is probably engaged in more fiscal stimulus than the headline budget figures suggest. @GoldmanSachs via… https://t.co/Xm0eyyokHb

As pain spreads across US economy more than a dozen large regional banks have more than 15% of their loans in foreb… https://t.co/rMh5B9GdA2

Downgrades of corporate credit in the US are now running at twice the rate of 2008-9 crisis. How long before this f… https://t.co/gJUgRdnHoP

"Fed officials rarely speak about anything aside from generalities monetary policy. But we are at a point now in wh… https://t.co/oEm2jH7ccf

The regime of fishery subsidies should end! @neiLmunshi on the government-supported collective plunder of the West… https://t.co/h5puXb1eoi

COVID-19 levels in New Haven sewage track new cases revealed by tests very closely. This is great News. Sentences… https://t.co/ltlcKcSsMY

Europe pays on average just 8 % of the total value of the fish caught in west Africa including under legal inter-st… https://t.co/zZEYSqc7Xh

Reading Karl Marx: Class, Politics, and Capital @BarnabyRaine is teaching a class this summer for the… https://t.co/GKtCo68OGN

Bond markets are site for redist, of societal income as @tobyarbo highlights. They are also a delicate site of econ… https://t.co/u4Ya3ebprJ

Who Are These Bond Vigilantes Anyway? Please do check out the really excellent working paper by @tobyarbo that insp… https://t.co/kPO5PEhbI8

EU makes surge in EV: In 12 months to mid-2018, EU ind spent just €3.2bn in private and public funds for electric t… https://t.co/nbFVoQ4JhD

The collapse in UK gov revenue and surge in spending are without precedent in recent economic history.… https://t.co/cjU9H5X6GD

When you own a Tesla in San Francisco, "random vandalism is a regular occurrence. “Tesla is a symbol of tech and w… https://t.co/ALGsHGCnSp