German constitutional court ruling was an accident waiting to happen. #ECB is only a fringe issue here. Real confli… https://t.co/nraShH3gLY
German constitutional court ruling was an accident waiting to happen. #ECB is only a fringe issue here. Real confli… https://t.co/nraShH3gLY
Zambia, Ecuador and Rwanda have announced recently they are struggling to repay their debts. Many other developing… https://t.co/joXQwwUBOa
Great graph of global QE in response to COVID-19 H/t as ever to @IIF @RobinBrooksIIF New homework assignment: fi… https://t.co/ljP4jjdLmT
In 2008 the swap lines were about ECB/Bank of England, Eurozone, UK banking systems. In 2020 they are about Asia an… https://t.co/XhacALY8r6
The development of the global bond market since 1989 is a story of 1. continuous growth in US 2. Growth in rest o… https://t.co/lTFfzqb7FP
Moodys are predicting a surge in HY emerging market corporate defaults @SteveJohnson000 https://t.co/lR8G8dyg6e https://t.co/SC18G4Uoh3
How much financing pressure is implied by a government deficit depends critically on private sector savings rate. C… https://t.co/VRtpUUGpYu
Real time data suggests that after taking a knock in late April China’s economic recovery has resumed. @alpinemacro… https://t.co/MCY4ORSdlr
"Almost 40 % of those in households making < $40k lost a job in March.” These Americans do not drive the economy, i… https://t.co/e4RHVSVl7d
40%, FORTY, 4 0 % of households in US making less than $40k per annum lost a breadwinner in March! 40%! In the US… https://t.co/6tXbjDOZK8
China’s lenders are certainly doing their bit for the recovery: credit surge is largest in a decade. @SoberLook https://t.co/K3LBR27yky
Since beginning of COVID-19 crisis there has been an intensifying squeeze on household spending led by those with h… https://t.co/sxkZky8rAD
nearly 40% of those households making less than $40,000 a year had lost a job in March. “This reversal of economic… https://t.co/pGWqiuT6zy
Total newsroom employment in US fell btw 2008 and 2019 from 114k to 86k. Newspaper employees halved! @pewresearch v… https://t.co/gF8Dz7nMyh
For all the bemusement at the BVerfG judgment it is worth remembering just how massive Draghi’s 2015 QE was. A huge… https://t.co/iAICpZV61B
The bemusement of many of us in relation to the BVerfG judgement on ECB is that it treat as a matter of legal demar… https://t.co/spWdFZF67q
The Fed’s interventions have stabilized funding markets and the Fed knows it. This is @NYFedResearch celebrating th… https://t.co/o7Sen54uRR
German “conservative peasant revolt against modern monetary policy”…bring out ye pitchforks! #BVerG #Karlsruhe… https://t.co/FQoWT2M0if
@ThorstenHild @adam_tooze @BVerfG @ecb @AloysiusWidmann @derStandardat "Konservativen Bauernaufstand gegen moderne… https://t.co/z0rAC1G1Hh
Since 2008 successful investors in the US stock market have effectively bet on the dominance of big capital over me… https://t.co/IGWrlxgZ8L
I did an interview with @AloysiusWidmann for @derStandardat on central banks/ECB/German constitutional court etc. https://t.co/GwkAsgvq5l
In South African Johannesburg, Africa’s richest city, Mayor Geoff Makhubo says a million people, or almost a fifth… https://t.co/rjkp4kh4Up
On 19 May at 15:00 Florence time, join us for a new session of our Conversations with Historians of Capitalism, wit… https://t.co/A6wW4SVsvf
COVID-19 and the challenge of decarbonization. The red dot indicates the current recession and its effect in cuttin… https://t.co/ks1IaSWcO4
First as tragedy… "Given actually prevailing conditions in bond markets at the time [2009], the constraints this a… https://t.co/OCOZAF1x5X
Return of altermondialisation? Short text I wrote for @thenation on the 20th anniversary of the Seattle WTO protest… https://t.co/ZveAT6R3Pi
@rodrikdani Fun fact: Mont Pèlerin Society records show Rawls was removed from the rolls for non-payment of dues in… https://t.co/PViwy7eZQD
@adam_tooze @faznet It is rare but I see a pattern emerging. He also gave an interview after the OMT ruling. https://t.co/VQPGHDPHmZ
@adam_tooze Where was the proportionality justification for youth unemployment over 50% for years in Greece, Spain and elsewhere?
@KBehemoth @PRoufos @Verfassungsblog No it clearly cannot. The GCC cannot be faulted for noticing that something uncanny is happening.
Maybe it would be time for the German justices to consider how and why central banks ended up in this position. It… https://t.co/YnGnCDDrpI
In a truly extraordinary interview German Justice demands that ECB justify itself to those it has harmed. So what a… https://t.co/V6gMojJZUf
@adam_tooze @OUPAcademic @OUPHistory @OUPLaw It’s the book I’m reading right now!! No idea you supervised it until… https://t.co/ln3b40oAir
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