ADAM TOOZE

The Hammer & Dance dialectic is brilliantly illuminating and provides a gold standard of rational state response to… https://t.co/nsYP06Tz0m

Reminder that even US Treasuries, despite being very liquid assets, are not perfect substitutes for the most liquid… https://t.co/y0FiY6iIlY

"Conservative economists Steven Moore & Art Laffer have been lobbying the WH for more than a week to strongly consi… https://t.co/fegeIkvf8g

Dominos that might fall? One in China? Back in January the excellent @ajb_powell of @FTAlphaville Compiled this dos… https://t.co/STeiba91xf

In the past month, Mexican Peso has fallen 25%, Indonesia's Rupiah 17% and South Africa's Rand 15%. Why are these m… https://t.co/ISGU0eFvQP

Prior to COVID-19, @adam_tooze, @heimbergecon & I said Italy's GDP was 7% below potential, based on low core inflat… https://t.co/NtV6rykz9S

"Post-1970s economics was already suffering from pre-existing conditions; Covid-19 could be what sends the old orth… https://t.co/OGgbMsJYwQ

Not only are these “lets face it we have to restart the economy”-takes cynical, but they are in their own way unrea… https://t.co/vBmq4RnMPn

I clearly live in a sheltered corner of twitter. https://t.co/jFqlZDnW1u

The entire structure of financial assets is being shaken by a giant spike in volatility. @DeutscheBank via… https://t.co/UonPcQdMuz

Further evidence of dysfunction in the huge and foundational market for US Treasurys. Volume of 10yr futures traded… https://t.co/C9v0tItlEK

Can you imagine trying to disinfect the New York subway. What would it even look like if it was clean? How do you d… https://t.co/SNZWC1pXWc

It is easier to imagine the end of the world than to imagine the end of Carnival Cruises.

Nigeria can ill afford to lose oil revenue and is now offering huge discounts! https://t.co/oxJtOBuXFd

NEWS from @NYSLabor: From Monday, 3/16, to Saturday, 3/21, the agency received: 1.7 million calls and 2.3 million w… https://t.co/6Aou1TBpsI

“Rona Rigs” is the name traders have given to improvised home office trading workstations. There are distractions b… https://t.co/20iMEEDoCK

Key gauge of US Treasury market liquidity known as market depth, or ability to trade without substantially moving p… https://t.co/K9IOvy83hq

The restaurant industry worldwide has been poleaxed. The hospitality industry is not incidental. It is a very b… https://t.co/IPu90u4UGL

The swings even in the vast US Treasury market over last few weeks have been extraordinary and profoundly destabili… https://t.co/lrORBA7lze

@KGeorgieva: we are exploring the issuance of new SDR & IMF-swap type facility with our membership @JoseA_Ocampo… https://t.co/d5phPoAaAb

Germany’s best economics voices honestly digesting the fact that the Finance Ministry has moved promptly in the rig… https://t.co/gUPOZ9Y0oa

As South Africa counts over 400 cases and faces up to the reality that the pandemic has already most likely run out… https://t.co/TIg7rXZM9o

Curragh 2014 – important reminder of the threat of mutiny that lurked within the British imperial state. https://t.co/yT2PIsHqn1

"In the years following the global financial crisis to 2019, the volume of outstanding corporate debt issued by com… https://t.co/DKBNS090CE

Is 2020 going to go down in history as “the great liquidity crisis” as @jpmorgan has dubbed it? This is an anti-Bas… https://t.co/tyCKd3hha3

“We’re a country not based on nationalizing our business,” Trump Behind scenes U.S. Chamber of Commerce and the hea… https://t.co/oqX2piPx7g

PBoC is uncoupling from Western CB on rates holding benchmarks steady as global peers slash. Bad debts and capital… https://t.co/I3dgcCBevh

Several months before the coronavirus pandemic began, the Trump administration eliminated a key American public hea… https://t.co/JMf5CmuzgL

“To everyone in hedge funds or elsewhere who is already looking forward to buying one or the other cheaply, make no… https://t.co/aLfDD44Iu5

Learning lesson of 2008 financial engineers built CLOs out of broadly-based basket of corporate debt unlikely ever… https://t.co/sbwpqcUJfC

The dog that didn’t bark: So far China is not caught up in EM rout, which is good news. @RobinBrooksIIF… https://t.co/LGXPUPLXfc

How China’s regime is reclaiming the medical whistleblower Li Wen Liang for the CCP’s heroic narrative of the coron… https://t.co/KIL5YLz1d4

Is the Fed taking lessons from Draghi? It will buy Treasuries and agency MBS “in amounts needed to support smooth… https://t.co/WbLbEkRPSh

After Johnson, now Trump is probing the limits of economism I tried to chart in this @guardian piece. “WE CANNOT… https://t.co/6ayNTeGwSW

Neither the hammer nor the dance! This is a major commuter link into London. https://t.co/KM0pVlWmVu

You learn from 2008 that packaging mortgages in MBS is dangerous because their risks ARE correlated. So … you make… https://t.co/QzA1qkZnHY