ADAM TOOZE

New article by @adam_tooze: Crisis-fighting has been left to a lopsided combination of national fiscal policy and b… https://t.co/3gbmxeGDcn

Without a clearly defined fiscal framework, the most vulnerable eurozone states will not dare to spend enough. Good… https://t.co/4yWpKFYsuQ

Foreign ownership as % of public debt is another imp index of EM vulnerability. Setting aside EU members in E Eur,… https://t.co/EllxuFRxUC

How to distinguish “real realism” from “pastiche realism” is a high stakes question right now. For me one important… https://t.co/qt2GUQECBo

.@bopinion's @elerianm tells @FerroTV to brace for the "most horrific damage" to the U.S. labor market "we have eve… https://t.co/ZThv0vT0HR

any ideas why LIBOR has remained elevated while cost of borrowing dollars v another currency (euro-dollar basis, ye… https://t.co/v55q3AXpYU

Russia entered the oil price war in a strong financial position. It may not be a super low cost producer, but it ha… https://t.co/PTgi2ZNnLp

It has been a week of renewed pressure on fragile EM e.g. Turkey, Brazil, Mexico, South Africa … South Africa, Sout… https://t.co/QTe2VD7cuz

Real estate – construction are key flywheels on Chinese economy, drivers of personal wealth accumulation etc. Clea… https://t.co/1eiFjT789A

Consumer numbers are worrying, PMI’s dodgy but the coal-industrial complex in China does appear to be restarting, f… https://t.co/OW6MgNRz2Z

“Whatever it takes”-talk in global media spiked in March 2020 at levels higher than the first time round in July/Au… https://t.co/PsxnfFILJv

Talking with Alex Doherty on his podcast @poltheoryother is different. Every time it is slightly unexpected, non-ro… https://t.co/sci2Db8IVI

Excess deaths – this is the ultimate metric of the impact of COVID-19 pandemic. It is metric of actual trauma being… https://t.co/Sc4zyEMrjl

A history of "actually existing liberalism" …? Loved @zevin_a new book on @TheEconomist Buy it! Enjoy reading it!… https://t.co/yD8iaWu3zI

PBoC response to the crisis so far seems like tinkering. Significant tinkering no doubt. But not the huge intervent… https://t.co/WWAhWBDC5y

Global lockdown: 1.3bn+ kids out of school Half global economy under lockdown (NOT counting China) 93 % of world’s… https://t.co/i3VyDq5b1a

As the Q2 forecasts get ever-grimmer, the overall fall due to COVID-19 emerges more clearly than ever as the worst… https://t.co/q4SLsJYXXy

When historians come to assess overall impact of COVID-19 they will no doubt use “excess death” method as we do e… https://t.co/zIqrP3u3En

The PBoC is the dog that hasn’t (so far) barked. No mega stimulus out of China to compare with 2008. To understand… https://t.co/GhVAvPtVrD

Economics on the vertical: unemployment rising by 0.5% PER DAY! For some reason @JustinWolfers piece in @nytimes Pr… https://t.co/Akyq24LcQx

This week marked a re-acceleration of the EM sell-off, as markets shifted focus to how badly COVID-19 may hit EM gr… https://t.co/I1QKNcwvfK

Reeling from another week of massive national & global action by Powell’s Fed. It just isnt compatible with a post… https://t.co/UsY2a1cS3B

The PBoC’s nightmare: Last year they ran a worst-case stress test which suggested that "If econ growth slowed to 4.… https://t.co/zjBhxreNZy

Frontier market crisis begins: Zambia, one of Africa’s biggest copper producers, has joined Ecuador in telling inve… https://t.co/ksq8rGcdB5

Talk of RMB as reserve currency in Beijing was above all a threat-gesture by former PBoC governor Zhou Xiaochuan “I… https://t.co/xsgyQQwOn4

"If we allow the jobless rate to soar to 20% in 6 months, the notion that it will retrace back to 3.5%, amid safe c… https://t.co/Oahm4JomrO

The dog that hasn’t barked! Why has the PBoC not acted more forcefully? @michaelxpettis insightful as ever on the c… https://t.co/7qc21xa4Jk

Important perspective on the catastrophic US labour market numbers that are circulating: total US labor force = 165… https://t.co/Fo4ON6jjRd

The Fed clearly wants mortgage rates to fall with view to stabilizing real estate market. So far it is not happenin… https://t.co/QQy1eZ4DYi

The service sector is normally the stabilizing bulk of a modern economy. COVID-19 turns it into a key vulnerability… https://t.co/MXpFM464j8

As business activity jerked to a halt in March, American companies began using credit lines they took out from bank… https://t.co/D0ZEycFhwt

Next wave of risk-off in FX markets being triggered by very weak economic data prints. Theme for the next week as U… https://t.co/s5Ad0CwB9C

⚠️ Careful on calling time on $USD funding strains just yet. Latest Fed balance sheet shows US Treasury holdings of… https://t.co/EllWVouyYr

In 2010 BofJ was first central bank to start buying corporate bonds. It now owns 75%+ of market which has modestly… https://t.co/VIBPd1Ghnk

The collapse of services production in the eurozone is unprecedented. https://t.co/IjKl0ZwXdu