ADAM TOOZE

Kudos to @JohnJCrace for speaking honestly … for speaking his mind. https://t.co/le4gPglUWF

Above all the failure of the US to adopt adequate containment is going to make it into a truly national crisis in a… https://t.co/MlqSxyjuev

In handling the pandemic, the rivalry between the US and China has been destructive enough. Let us hope that it doe… https://t.co/Fxte62BSlt

Read this post by @Brad_Setser to the end! His anatomy of possible dollar funding problems is essential. Global ban… https://t.co/L5bDhJADlw

The EM sudden stop is one of the least-reported dimensions of the current moment of tension. Going to affect hundre… https://t.co/ErdGZDNeOs

Visited a Costco this morning, where most shelves were empty on the weekend… Trust the food supply chain. https://t.co/y9tR6x0O3d

Swap lines at the ready? Haven’t we been here before. But this time IS different … funny things DO turn out that wa… https://t.co/6KL7i4ct2v

Feelings of finance twitter: This might be like 2008 but it depends a bit on my cough and that odd queasy feeling a… https://t.co/a7zyD80eyz

Counting the days on the Chinese recovery. Great news that there is more from @BaldwinRE et al in the works. https://t.co/NA9SIihcq6

Is the Coronavirus Crash Worse Than the 2008 Financial Crisis? A first effort to sift through the extraordinary eve… https://t.co/Y5pFwRHuaj

In 2008 the Fed resorted to massive swaps because European banks ran out of good collateral in NY. In 2020 if China… https://t.co/Uro9GGNm6W

Interesting nuggets here on publicly-funded corona virus research and the struggle to contain profiteering by Pharm… https://t.co/84I75BVG4v

How big is this recession going to be? @DeutscheBank thinks it will be the worst since 1945. https://t.co/LNOV8t6ffJ

Swap lines seem to be working for the core group! What about the EM? https://t.co/ThIVKJhd1j

“There has been a lot of enthusiasm regarding PBoC interventions here in Europe, especially given that the ECB's ma… https://t.co/5SXbApUllO

Mexico caught between corona & the oil shock with Pemex and its $100bn in debt hanging over it, is really in the cr… https://t.co/zd9aJmqU5p

Anyone assuming that "things are going to be different in Germany” should stick this thread through google translat… https://t.co/d4TmOeRcB8

Good news from China. A rebound is underway. But NB: they managed to contain virus in one province, were able to t… https://t.co/bXypaKFrN2

It turns out that US gov does have emergency response capacities! There are ways of drawing on military. But they h… https://t.co/27gnmj6pho

When folks said that “neoliberalism” was an order based on “free markets” AND “strong state”. I think we assumed th… https://t.co/SOqO2dRTkE

Yellen and Bernanke applauding Fed’s decision to go full 2008 PLUS a call for Congress to permit Fed to buy investm… https://t.co/lJJKrNzk0l

Early in the corona panic, investors were continued to move into safe EM bonds. In late February that reversed sign… https://t.co/SWnFZmBPFJ

“We are not here to close spreads.” @GeneralTheorist Estimates that those 7 words probably cost Italy EUR14 billion… https://t.co/XiT7DhLcpE

One good thing about this crisis: 2008 gave us the language of systemically important financial institutions 2020 g… https://t.co/WkFV2z9WDk

Beauty breaks out in so many ways… https://t.co/mzUlkDqqF9

EM are experiencing a silent but potentially serious outflow driven largely be equities because investors fear impa… https://t.co/KO2Oua5aFR

The debate in Germany. Striking that @FuestClemens (normally to be found on orthodox side of the fence) is calling… https://t.co/eDWqlKiYuq

"Mr. Mnuchin told GOP senators that the unemployment rate, which was at 3.5% in February and since 1948 has not exc… https://t.co/5rZSuLt92l

Meanwhile in Washington $500bn helicopter drop agreed today… EUCO wake up!! https://t.co/Pkto3uKUBN

Bond yields in the US and Europe rose to their highest levels in weeks = opposite of what you would expect in a rus… https://t.co/Ctlye57lXl

The EM sudden stop is one of the least-reported dimensions of the current moment of tension. Going to affect hundre… https://t.co/OVaGeXCQ54

"Public health capabilities are not like finance or cyberspace, which are much more tightly networked. The US does… https://t.co/zxrTyh1mza