ADAM TOOZE

Germany’s effective national response to COVID-19 will not spare its export-orientated economy from the shock of th… https://t.co/KqEHV082QV

Push-back to debt sustainability worries is that interest rates are low. But we set those interest rates, via polic… https://t.co/lVzTN5FGH7

A shock that destroys 35% of the jobs of the lowest 20 % of the wage scale will have the effect of … raising the av… https://t.co/kB0m7LqsAd

No one at this point can rule out a V-shaped recovery. We simply have no experience, one way or another, to guide u… https://t.co/JxcGoQusdp

The official unemployment numbers are bad enough, but the collapse of prime age labour force participation gives a… https://t.co/shsh4gumNr

The employment-unemployment distinction is of only limited use in capturing the shock to the labour market from COV… https://t.co/7jW4xHPiSe

The numbers for unemployment, horrendous as they are, undercount the huge exodus of people leaving the labour marke… https://t.co/2so3beN56n

The number of those making initial unemployment insurance claims in Kentucky now = 32% of those employed February.… https://t.co/mrT85F3Xrx

The mismatch between human time + viral time: we make heroic efforts to cloister, suffer massive economic consequen… https://t.co/pNOD8ntyy5

The New Yorker on Igor Levit and his incredible living room concerts — his nightly twitter-streamed piano recitals… https://t.co/iqLCR4HTxL

Duration is what makes the Great Depression radically different … quarter after quarter of falling GDP. 2020 may be… https://t.co/3dyI2sw9Ez

I managed to mixed it up again with settlement dates and holidays, but at a €6.8bn average daily pace the PEPP stil… https://t.co/mBGkqjIu77

"there is likely to be a big difference between a downturn that is the worst since the Depression and conditions as… https://t.co/5Esn7pO8z9

Doom-loop in the Gulf? Debts in sectors most exposed to COVID-19 add up to 1/3 of Dubai’s GDP. Excellent piece by… https://t.co/45G6fpupTX

Beyond the DC beltway, views on Fed balance sheet expansion are divided. Such divisions are amplified in the Euro z… https://t.co/CtXIUq4TyF

Great thread from @michaelxpettis laying out his skepticism about prospect of CNY emergence as rival or replacement… https://t.co/cSDbDdktBR

In 2008/9 Dubai came close to bankruptcy. Then crisis-debt was concentrated in real estate and Abu Dhabi stepped in… https://t.co/ZVcm5QpCvm

How Europe splintered over contact tracing apps Centralized v. decent UK/France/Norway v. Germany/Italy States v. A… https://t.co/9cqKThVF9Z

The total number of medical staff deployed by China to Hubei is now up to 42,600. In US there has been some volunta… https://t.co/lJbebncb5p

4 ways of managing risk: 1. Individual – caveat emptor 2. Collective – looking out for your neighbors 3. Hierarchic… https://t.co/Ex1CPNMMqx

"In fact, politics – and specifically emancipatory politics – relies on the act of creation, affirmation, and inven… https://t.co/tktTV8CbBw

As social scientists Mary Douglas and Aaron Wildavsky pointed out in their seminal 1983 book Risk and Culture, “The… https://t.co/3GGUYavXJQ

"The United States’ decline is over-predicted and under-believed … many of those Americans who see the decay reject… https://t.co/zsdWnImXS3

Russia (221k) moves to 3rd in the world in reported Covid-19 cases, ahead of UK (220k) & Italy (219k). However, Rus… https://t.co/h8C8h9UErI

COVID-19 crisis augurs 3 watersheds according to @arvindsubraman 1. end of Europe’s integration project 2. end of a… https://t.co/UT11MWHK1b

@adam_tooze Pearl harbour https://t.co/6btBrObDGP

@adam_tooze That’s the USS Shaw at Pearl Harbor

"It has become increasingly obvious that 2006 was the peak year of globalisation.” It was followed by “dis-integrat… https://t.co/5j1ULG50Zc

"The largest 1 per cent of investment groups manage 61 per cent of total industry assets. This is 243 times that of… https://t.co/Ie7L42PrTd

To win the argument over future of euro "supporters of political and monetary integration must let go of the ECB as… https://t.co/wVZrkAGxDF

If the Fed loads “the bazooka with the kitchen sink and goes nuclear”, will it end up crossing the Rubicon like the… https://t.co/WQq4k3qZhG

Now Mitch McConnell is worrying about deficits. Larry Fink of BlackRock and Ray Dalio of Bridgwater are warning of… https://t.co/TVDzf1NQzZ

This lecture on Egyptian Army in disastrous 1967 war looks fascinating. Great slides! https://t.co/S8faBYCHha

@SDullien @therealchris_mk @ThomasSigmundHB @AchimTruger @jsuedekum @handelsblatt @PeterBofinger @BachmannRudi… https://t.co/UzOlFloa3E