ADAM TOOZE

US junk bonds rally most in 2 decades w/Fed now a buyer. Risk spread to Treasuries narrowed 86bps to 785bps, lowest… https://t.co/zJxeb4bVYe

@MkBlyth Thanks Mark!

The first confirmed coronavirus case in New York was a woman who flew into JFK in February and tested positive Marc… https://t.co/vybvA1xGd8

@JoMicheII @meadwaj @jdportes Thanks both. Headlines … oh the heartbreak of headlines.

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/DFQQpkLTuC

Amongst the WTO’s predictions for global trade the best case looks like the disaster of 2008-9. The worst case is t… https://t.co/XwpFAnqjaH

China is backstopping its domestic credit market but lacks will and means to cushion impact on offshore borrowers -… https://t.co/1Z4nUTlKJr

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/cDfGVj7hOh

The fact that South Korean imports from China are rebounding sends a positive signal about the recovery of the East… https://t.co/Ap4sCv4ZyY

There was not just a decline in euro relative to dollar. There was also a huge spike in the volume of dollar/euro t… https://t.co/JRQQfoTEXD

Yes. The ECB’s bond buying IS deviating from the conventional capital key. And YES this does favor Italy.… https://t.co/wSxknnSnsq

Italy’s economy has now suffered three devastating blows in a period of 12 years: 2008, Eurozone 2010-2013, Corona… https://t.co/3r097nlSwx

France like the rest of the AE is suffering a historic recession: economy contracted by 6% in Q1! Outlook for Q2 is… https://t.co/2Amevo7PZd

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/OE8Y2yo98O

Amongst the WTO’s predictions for global trade the best case looks like the disaster of 2008-9. The worst case is t… https://t.co/Av8xO0xajL

The Fed’s efforts to stabilize the muni bond market are vital for a state like Illinois that faces downgrade to Jun… https://t.co/0cwI5XTeWJ

In response to the threat of a credit crunch the corporate credit market has bifurcated: IG bond issuance has surge… https://t.co/4a5K7e6Zlf

Straight down: US consumption of petrol has suffered an unprecedented collapse of 40% in a matter of weeks.… https://t.co/6NQ4igQqlP

@adam_tooze @commerzbank @SoberLook Using the capital key was in any case to the detriment of #Italy. as ist does n… https://t.co/eQYlPyEVO4

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/0RssOWRG6R

China is backstopping its domestic credit market but lacks will and means to cushion impact on offshore borrowers -… https://t.co/iGleW7D5MJ

The fact that South Korean imports from China are rebounding sends a positive signal about the recovery of the East… https://t.co/3VACJcIXu3

There was not just a decline in euro relative to dollar. There was also a huge spike in the volume of dollar/euro t… https://t.co/smaaosqwLa

Yes. The ECB’s bond buying IS deviating from the conventional capital key. And YES this does favor Italy.… https://t.co/7bYGdbYmOO

Italy’s economy has now suffered three devastating blows in a period of 12 years: 2008, Eurozone 2010-2013, Corona… https://t.co/Sh6QiLspEw

France like the rest of the AE is suffering a historic recession: economy contracted by 6% in Q1! Outlook for Q2 is… https://t.co/4WSm1h7z5F

On April 7 2020 the daily airline passenger count fell to 97130 down from 2 million a month earlier. @business via… https://t.co/K44pZYJt9S

@davies_will @poltheoryother Aww thanks @davies_will

And when @fwred says brilliant you know you should pay attention. Read and follow @GeneralTheorist ! https://t.co/HxJBoaJS93

If and when the time comes to put the hammer down on the Dutch, I want @Brad_Setser to head the hit squad! Great th… https://t.co/MV1ilnzJHY