ADAM TOOZE

Excellent thread here by @MSchularick expanding on the logic of our @guardian piece and the continued relevance of… https://t.co/dQxarxW2PX

America’s Sonderweg – a negative exceptionalism increasingly defines America’s position in the world. “There are no… https://t.co/sDhSylaOD9

“Fast and violent”: The amount of distressed debt in the U.S. (>10% or 80cents/$) has quadrupled in less than a wee… https://t.co/uCURC3ZLVu

The level of social and technologically organization involved in Taiwanese monitoring of corona cases is unimaginab… https://t.co/2DDBpR1kKE

This chart shows US corporate debt that is nominally investment-grade but effectively trading as HY. A wave of pain… https://t.co/8gLtZ2xXP9

Essential global round up. Must listen. https://t.co/c9ScDiYidO

This appears disastrous https://t.co/QG0R06dbaj

@MM2LLC @BofAML @SoberLook Exactly … and ditto in Europe: huge political moves in the Eurozone barely break the sur… https://t.co/xXsdBOsXpq

A wave of downgrades is what we have been fearing in US corporate finance for some time. And now it arrives, on a b… https://t.co/gmPEoxAcAy

More senior Eurozone officials should follow @KlaasKnot example in insisting that the "call for solidarity is total… https://t.co/dk5B2hiETR

If you want to visualize how the US failed to control the pandemic, not "early on" in February, but whilst it was a… https://t.co/9u6ioZAHx3

World Bank economic modeling in 2006 pointed to fact that largest costs from a flu pandemic would come from efforts… https://t.co/Rb7gX3sPAd

What looks like rioting in China as Hubei residents demand that the road blocks be lifted. https://t.co/gPwafRLDja

Analysts at credit rating agency S&P Global have been working nonstop, downgrading 121 companies & warning of the p… https://t.co/QIYWHhxcmk

"Bank Indonesia is seeking a $ liquidity swap line from the Fed, Governor Perry Warjiyo said.” oes anyone have mo… https://t.co/UCgrZI3CIq

Ford’s downgrade to junk adds an indigestible chunk of $36bn in “fallen angel” debt to the stretched junk/HY market… https://t.co/pC5ubbsnMJ

"A number of events could trigger a sharp tightening in financial conditions including the crystallization of polit… https://t.co/eo6xmG7Ha5

Some governors, including New York’s Andrew Cuomo, have said the aid to states is far too small to help with what a… https://t.co/kS1bdu5tAY

After Rutte’s performance this week, can this be for real? @MSchularick @Shahinvallee https://t.co/CpOlmHH48w

Chalk Paths, Eric Ravilious, 1935. It depicts an area of the South Downs in East #Sussex, now @sdnpa. The original… https://t.co/aaGTN5uUBX

Funding for multinationals other than IG bonds and loans dried up in the second week of March 2020. This piece by… https://t.co/eaSP4SnhPO

Bank credit lines are like credit cards for global corporations: JPMorgan had $367bn of undrawn commitments end 20… https://t.co/spD5qrvqNL

Btw 1 March and 25th March these US-European corporations drew down $124bn in credit from their banking connections… https://t.co/DynxqN2DDn

@ZLCap Sweet. Thank you for the digging.

Unemployment & the corona crisis, a podcast I did with @JeremiSuri & his very talented son Zachary. Its on iTunes… https://t.co/Vp3tNudA4b

Warehouses v. Malls The hit to Real Estate Investment Trusts depends on how exposed they are to the lockdown.… https://t.co/qmh8vJQiIi

REIT have been absolutely hammered by the shock and the bad news on the real economy is only just beginning. We hav… https://t.co/ABt877GUWA

Apropos of the conversation about history and the current crisis. https://t.co/xIsIxuPLR8

"The jump in US unemployment filings marks a chilling moment of reality” The word R E A L I T Y properly invoked h… https://t.co/OeAg48FbPn

A debt crisis with Chinese characteristics? Last year Sebastian Horn, @carmenmreinhart Christoph Trebesch mapped… https://t.co/wMDQENPOLw

Excellent thread by @jfkirkegaard who after the disappointment of the EZ’s corona response (leaving action to ECB)… https://t.co/EjRoCBF6uR

political space to do so. There can be no excuse for the @EUCouncil not to follow in the Hamiltonian footsteps of t… https://t.co/J7xMtQLHZI

Good take on last night’s #EUCO meeting and it’s implications. Though scale of disappointment is only a function of… https://t.co/dVvPgz3uiE

As the US pumps up giant spending package -> fixed income players are calling for unlimited and aggressive Treasury… https://t.co/1fffdJhIdV

Fed is currently buying $75bn Treasurys per day. But big fixed income players want more: unlimited purchases to ach… https://t.co/P1i9EpSxit

As @Birdyword argues there is going to be a horrendous problem of circular causation in escaping from the economic… https://t.co/evydCLTFrV