ADAM TOOZE

Unlike in 2008, credit has continued to flow from European banks to non financial business. It makes a difference… https://t.co/uSLhCQfkVw

@adam_tooze @SoberLook In the meantime, markets expect short term rates to be negative in the euro area until 2030 https://t.co/3VtWhQEA3p

Motor vehicles and machinery account for 2/3 of decline in German industrial production through March 2020. More to… https://t.co/mq2GjpFqQ6

The COVID-19 crisis in US is having a devastating impact on low wage, precarious, less well educated, women and min… https://t.co/iusEm4PxPn

An incredible @TheBrooklynRail piece by @PRoufos on crises of the EU border regime, focusing on migration between T… https://t.co/CxmfJl4e30

Whereof we cannot speak, thereof we must stay alert https://t.co/IakiMJxGHF

Recommended reading on governing as staying alert https://t.co/dGEoVg8ca9

32% of Kentucky’s workforce in February had applied for unemployment insurance by 2 May 2020.… https://t.co/w6ZdDkYx2v

This is the first recession driven by a shutdown of the service sector -> unemployment surges amongst women. Great… https://t.co/NlBzOC0iCh

What kind of a thing is an exchange rate? The sort of question that @PMehrling asks! "the system is hierarchical,… https://t.co/4wn42HSMd2

The COVID-19 shock has destroyed so many low wage jobs that the average hourly pay of US workers soared 4.6% in a s… https://t.co/yEABaAl1fK

The global industrial history of melt-blown fabrics btw the Cold War US, Soviet Union, West Germany and China is a… https://t.co/ti0k9V0n0b

"We owe the debt to ourselves” – do we? Figuring out who actually owns public debt is crucial to analyzing fiscal p… https://t.co/Vg6TJ9tDCn

In 2018 remittances were a $600bn+ flow from rich countries to poorer. In a recession that flow is interrupted = gi… https://t.co/n11XaRrCZf

Who owns eurozone public debt? What is distributional impact of servicing it? A question that takes on additional u… https://t.co/MpPe4bfWB2

What kind of a thing is an exchange rate? The sort of question that @PMehrling asks! "the system is hierarchical,… https://t.co/SQguZevEmV

The COVID-19 shock has destroyed so many low wage jobs that the average hourly pay of US workers soared 4.6% in a s… https://t.co/wyMEwmWVtl

Health care financial crisis: from March 1, 2020 to June 30, 2020 the American Hospital Assoc estimates a loss of… https://t.co/6IM88vhU6t

Stranded assets: United’s portfolio of 360 old and inefficient aircraft was not sufficiently valuable to secure $2.… https://t.co/eqC6iGT2ZR

The global industrial history of melt-blown fabrics btw the Cold War US, Soviet Union, West Germany and China is a… https://t.co/uZFR31LYBE

In 2018 remittances were a $600bn+ flow from rich countries to poorer. In a recession that flow is interrupted = gi… https://t.co/DPAugsdzp1

Who owns eurozone public debt? What is distributional impact of servicing it? A question that takes on additional u… https://t.co/0xwtWDD2uR

"We owe the debt to ourselves” – do we? Figuring out who actually owns public debt is crucial to analyzing fiscal p… https://t.co/MzbIsseO0I

President Von der Leyen confirms that the Commission is analysing the recent BVerfG Urteil and any possible steps i… https://t.co/4ZgxQ6YuFI

Points 1: Acknowledging that the virus is here to stay: Policymaking should assume that global eradication of the v… https://t.co/onRidH9vrV

C. 75 % of the audience for religious TV broadcasts in US earns below median household income of $50k pa v. 75% of… https://t.co/JclqZn86ph

Bioterrorism hogged attention and funds within US government at expense of more mundane pandemic influenza preparat… https://t.co/ElGkdfVVbb

The US unemployment numbers are terrible but ever more telling is the employment to population ratio which has fall… https://t.co/eW1QZULlF8

The interest rates charged to small businesses in the US, according to these data, are twice those to large firms a… https://t.co/UyjoMXuQMh

Belarus has held military parade for 75th anniversary of VE Day. “In this crazy world that has lost its reference p… https://t.co/OFiBB1C2Qd

Folks just aren’t paying the bills: "The flow of cash through the private sector has been clogged as past-due accou… https://t.co/BGboEBMh0x

The 2018 sell-off was about idiosyncratic crises in Turkey & Argentina (vertical xis) spreading to the rest of EM.… https://t.co/wHIlAttKpb

Some Armageddon narratives: 1. Deleveraging overwhelms the Fed 2. Convertibility risk returns to Euro zone 3. US -… https://t.co/sD7qjOr4gI

@adam_tooze turns out not every economy is a mirror image of the US, which is driven mostly by internal demand (tog… https://t.co/BgyrXuyvlZ