ADAM TOOZE

Corona crisis has tumbled 1/3 leveraged loans in Europe or c. 70bn euros into a distressed state. https://t.co/b2JsaC1O4z

There was QE1, QE2 and Q3 … and then along came QE3 and ate them for lunch. We have never seen anything like the bo… https://t.co/0oadRyt8Rj

The surge in distressed leveraged loans in Europe in a matter of weeks has been breathtaking! https://t.co/b2JsaCjpt9

Eurogroup meeting today: Finance ministers from Netherlands, Germany and Austria should acknowledge that Italy has… https://t.co/oJXsI0NWnK

The Bank of England is buying some £4.5 billion of UK Gilts today so in net simple terms we are buying some £1.25 b… https://t.co/ydj9aIseqz

Social distancing in the US appears to be a partisan matter: All states where people have cut travel by more than 4… https://t.co/9dcTTbTXcE

Brits are having a debate about “monetary financing”, fussing over distinction between QE in secondary markets and… https://t.co/V8AjTomKcQ

The outflow from the EM in 90 days in 2020 is equivalent to the worst yearly figure on record. Chew on that. Half t… https://t.co/LoDsNxSnKC

$1tn in US asset backed securities are made up out of car loans, credit cards and other consumer lending, default r… https://t.co/xMd54bI4Yb

COVID-19 may upend governments. It may fundamentally change the social compact. It may remodel the world trading sy… https://t.co/lwd9I8nv46

The Fed has been remarkably innovative in expanding support to investment grade companies. But will this help those… https://t.co/e7s6TLx3x9

The US Treasury market is the foundation of the global financial system. In the COVID-19 crisis it was initially a… https://t.co/7c3XLTxxrB

Something went wrong in the US Treasury market, the foundation of global financial system, starting on 9 March 2020… https://t.co/neNSt1qGUS

@adam_tooze @JARennison @rbrtrmstrng post 2008, these bonds have very high credit enhancements, which protects most… https://t.co/PRQl5pMKqv

Social distancing in the US appears to be a partisan matter: All states where people have cut travel by more than 4… https://t.co/E1x5YvFrij

Brits are having a debate about “monetary financing”, fussing over distinction between QE in secondary markets and… https://t.co/4ihCw8tjNm

While the pace of outflows from EM has greatly reduced in past few days, the extent and scale of the #COVID19 shock… https://t.co/NB9IUJwSlN

I’m constantly amazed at how much of the *globe’s* diet derives from the plants modified by Mesoamericans and other… https://t.co/lcwAc1AibO

COVID-19 may upend governments. It may fundamentally change the social compact. It may remodel the world trading sy… https://t.co/OJ894iMVvf

$1tn in US asset backed securities are made up out of car loans, credit cards and other consumer lending, default r… https://t.co/guPzyvO3ec

The Fed has been remarkably innovative in expanding support to investment grade companies. But will this help those… https://t.co/MDXJ89DA0T

The US Treasury market is the foundation of the global financial system. In the COVID-19 crisis it was initially a… https://t.co/f0TIXPBzud

Something went wrong in the US Treasury market, the foundation of global financial system, starting on 9 March 2020… https://t.co/ybICGnumdG

More evidence direct federal payments needed urgently. From recent HH survey on financial situation: “The breadth o… https://t.co/d5qVeew6D2

Saturday, April 4. Michigan Avenue, Chicago. Coyote. This feels like any number of scifi flicks. And here we are. https://t.co/W9u1NCWvHt

"Fed has been highly active in offering support both to small business and IG borrowers. What is missing is a progr… https://t.co/GZ4ydGHSBi

Oggi 40 candeline per il @GuggenheimPGC Tanti auguri e lunga vita, auspicando di andarli presto a trovare assieme a… https://t.co/50zdH0aPUT

“When markets become disorderly and there’s a mad scramble for dollar financing, then the dollar is a better measur… https://t.co/Z1cA8cc6tt

This should be read in Buiter's mordantly dry tone: "Any hesitation in throwing everything but the kitchen sink at… https://t.co/J9DBggm6vm

As corona struck, Americans bought …. a lot of groceries, booze, toilet paper and … 2 million guns. TWO MILLION … e… https://t.co/qH8ALtEQue

Almost 600 downgrades have already relegated >$130bn in corporate bond from investment grade to HY and there is mor… https://t.co/1U7FcnNhSP

India is a "young country” but it also has a huge population -> 2nd largest elderly population in the world: >120m… https://t.co/ABV9CH7ORJ