ADAM TOOZE

@meadwaj Wouldn’t we want to think of credit-financed housing construction as some kind of physical-financial assem… https://t.co/5tmwUD5Cvb

@meadwaj Point taken about the physical element. But how about 2008? Sometimes I fear we have downplayed too much t… https://t.co/TI36Z47vTT

@meadwaj Plus having given hostages to fortune with our embracing biomedical-welfare complex our sense of collective risk is far greater.

@meadwaj After all, the impact is not directly on the labour market. It isn’t the working age population that is di… https://t.co/fGmxdyWvaF

@meadwaj Its the way you derive “profound” from “fundamental" that we disagree on. I think those qualification are… https://t.co/4tmDpsPkM5

@meadwaj Agree entirely on the need to understand it as both complex and structured. The move I dont follow is the… https://t.co/cwRkGcj5Xk

Latest batch of economic data from China makes no attempt to hide the cost of fighting the pandemic. Interesting sh… https://t.co/Bc2Yjf7w9P

I really like the move to differentiate crises that @meadwaj makes here. Just not sure I buy his labour market fund… https://t.co/GLtICx5Zkf

This is a great thread from @michaelxpettis on the reality of Beijing’s gradual return to something like normality.… https://t.co/5H91JGYkco

@RobinBrooksIIF @adam_tooze agree +price of oil down

There was nothing in yesterday’s Fed announcements for the major EM and their currencies continue to slide. https://t.co/XSMnbGad4h

@adam_tooze China data overnight were weaker-than-expected, on things like IP, retail sales and FAI. But that's not… https://t.co/RO70bRoXvD

How to ration care: This gets down to the nuts and bolts Of the protocols developed across US to handle triage. Ve… https://t.co/cdfEGXub4N

@RobinBrooksIIF Hi Robin where are we on the EM front this morning? Any data out of Asia earlier today?

"European banks indices have plunged 40 per cent in an indiscriminate sell-off of financial stocks. This outpaces t… https://t.co/QAG8ZIO8Wy

The new book by @stephenwertheim Tomorrow, the World: The Birth of US Global Supremacy Out in October. Will it rea… https://t.co/GhO6WmoBTA

The virus shutdown has made delivery services into a vital lifeline -> in Washington state demand for trucks to tak… https://t.co/HBl6pwrONQ

Dovish surprise from the Fed. The 100 bps in rate cuts, taking us back to the ZLB, is a side-show, given that it wa… https://t.co/cC8l3yVNqk

This is a wonderful demonstration of logic of containment by @washingtonpost Bravo! It is all about distance.… https://t.co/SEVCtPaguj

Agreed. there is some heterogeneity, but overall the sector has not recovered well from last crisis, is highly unpr… https://t.co/H5GchSG6e3

The fragility of the European banking system is painfully exposed by this shock. Not just in Italy! https://t.co/ccYU2OMWCv

BlackRock, Vanguard and State Street Global Advisors have seen their assets shrink by an estimated $2.5tn this year… https://t.co/dyBHYEKRWK

The disastrous EU response to Italy’s corona crisis is taking its toll on public attitudes to Europe even in Italy,… https://t.co/gxtYGVT9nS

As @RobinBrooksIIF points out in there are so far no swap lines announced for EM’s. Major omission since EM’s are c… https://t.co/eUr867Ldc4

The swap lines are being freed up between the largest central banks. But where is the relief for the EM central ban… https://t.co/O8mfEBL0ri

The outflow of foreign capital being experienced by major EM is worse than in 2008 and in taper tantrum of 2013. https://t.co/4kmKzCFYyr

"Insufficient but necessary" may become the motto of 2020. https://t.co/KZjSN62aNp

The Eurozone needs to start talking about how to avoid the corona shock destabilizing its banking system and thus d… https://t.co/X69N49jZlY

@KatharinaPistor @PMehrling But likely will need to think of ways to help countries like Brazil

@Fullcarry They can give massive income support for people affected: tourism, travel, restaurants, gig workers. Pre… https://t.co/fjNphFHREj

I can remember us worrying whether a Trump administration/GOP Congress would green light swaps a second time around… https://t.co/Su6IolDbch

can someone ask joe biden why coronavirus qualifies as an emergency that requires medicare for all but this doesn’t https://t.co/ei5ysVZUYl

Let's be ahead of the curve in Europe this time, and not start discussing this in a piecemeal fashion when it's too… https://t.co/6wm72F7oUH

Here’s some of the toughest news I’ve been digesting, once the case load surpasses the relatively meager supply of… https://t.co/D3KTzn4qW0

One for @jamiemartin2 @BuddyYakov https://t.co/Z5O18BQ7m5

@jamiemartin2 @BuddyYakov @whinecough @form12019 @JeromeRoos Hello friends … and the big question is: how long befo… https://t.co/ZhiW9quPPW