ADAM TOOZE

Pemex, Mexico’s oil giant, is under huge pressure. More than 85% of its output was not hedged. @TS_Lombard via… https://t.co/BAPacclBj8

Given the collapse in world trade the big exporters are going to hurt. South Korea’s exports are down 24 % on same… https://t.co/lJE29r9Upr

Something suggests that the eurozone unemployment rate may not be a good guide to economic activity right now! In I… https://t.co/edGtLqXfTw

The German short-time working system (Kurzarbeit) is currently accommodating 7.5 m workers! @PantheonMacro via… https://t.co/qluByZK4no

Despite its excellent short-time working system, Germany has seen a huge spike in unemployment = unlike anything se… https://t.co/JXiSwXKFca

It is all about consumption and the American household. @MorganStanley forecast for 2020 driven by huge swings in c… https://t.co/WG7uBxnchB

More on TLTROs. Early estimates suggest large take-up and maximum benefit for most peripheral banks, as the new len… https://t.co/pbmJfx5Ex6

Banks are taking what they can. Which is why so many US banks reported earnings in the narrow margin between zero a… https://t.co/LzQVy409cA

@adam_tooze @SoberLook Slow growth or stagnant economy before Covid19 High unemployment and low capacity utilizati… https://t.co/heaC23lt8O

Fortress balance sheets? Big US banks are making huge loss provisions for corona crisis. Spanish/UK banks as well.… https://t.co/GSJmEscgVV

America is seeing a record 6-week surge in unemployment and the advice on the markets is BUY/BUY/BUY @WallStJesus v… https://t.co/YKNf7MKHwP

@RodZeidan @SoberLook Thank you!

Contrary to previous experience, since 2018 Brazil has experienced a dramatic devaluation shock with virtually no i… https://t.co/a27w9xdtbd

@RafaelMentges Idea of general price inflation is tied to notion of common causal factor e.g. money -> implies some… https://t.co/KkGzu8DPGg

@RafaelMentges My intuition is that classic notion of inflation involves a common factor driving all prices (allowi… https://t.co/2kPRXvhv0X

It is not just policy makers who are worried about the stability of China’s financial system. Markets think they un… https://t.co/V8TWGf6zsL

Not that this is a surprise but 14% occupancy rates at some Hong Kong hotels tells you all you need to know about t… https://t.co/iAHWXd46so

How far will the global economic contraction hamper Chinese recovery? Export orders are not looking good!… https://t.co/3VVVCv2rv9

@dsquareddigest @t0nyyates @csissoko @jonsindreu @dandolfa Well I guess its an empirical question … how much diverg… https://t.co/ltIaqVGAUi

My hypothesis was that classic notion of “general price movement” allows relative price movements but assumes those… https://t.co/BgQPLsfUCd

1.56 bn informal workers worldwide are severely impacted by lockdowns. More staggering numbers from the @ilo… https://t.co/2FV2yXkbs0

Q1 2020 US GDP contracted 4.8% on an annualized basis i.e. c. 1.2% for the quarter. On same basis in Q2 it is expec… https://t.co/3DmdVj5iXt

Is it too much to ask that the historic collapse in Eurozone GDP -worse than in 2008 – might concentrate minds on a… https://t.co/4weTyMZynQ

Unemployment has likely resulted in 12.65 m Americans losing employer-provided health insurance since start of COVI… https://t.co/HcBbf6Loyu

As catastrophic as America’s unemployment insurance filing numbers are, millions more have been deterred from filin… https://t.co/1E9nTEhrzS

With 30 m people filing for unemp insurance in US in 6 weeks in Hawaii this is 29.9% of the workforce In Kentucky… https://t.co/vB7sYSgAfK

1.56 bn informal workers worldwide are severely impacted by lockdowns. More staggering numbers from the @ilo… https://t.co/OZwCeO3eXD

Q1 2020 US GDP contracted 4.8% on an annualized basis i.e. c. 1.2% for the quarter. On same basis in Q2 it is expec… https://t.co/QcT4BkAgw4

I wonder how much introspection there will be in the West about people fleeing the richest countries in the world f… https://t.co/fWf3z3J3D9