ADAM TOOZE

The new @BIS_org bulletin is out with more pertinent analysis from @HyunSongShin and team. Highly recommended read.… https://t.co/dVpyG1hTOj

Once again the EM with bigger reserves will be feeling a lot more comfortable in the current crisis. Hofmann,… https://t.co/534w1YMLY6

Reports have been emerging of families going hungry (!) on the Dutch island of Curaçao. Now the Dutch government h… https://t.co/RaubOOUbah

The COVID-19 shock to EM screams out of new paper by Hofmann, @ilhyock_shim and @HyunSongShin Bond spreads and… https://t.co/7EKKUp5XTG

KUDOS to the entire team at @LRB for putting out their fabulous paper under these circumstances! Thank you to them… https://t.co/wHvyJmJBF1

Escaping original sin? Lesson of 1990s debt crisis seemed to be to develop domestic currency bonds. But if you have… https://t.co/t1lV8FXyeD

As $ strengthened in 2020, EM bond spreads surged. Makes sense. Nice graph! BUT hang on! KICKER is: these are spr… https://t.co/y4DB6WiZTk

The ECB’s official account of the crisis meeting of 18 March is worth reading. The muffled sounds of a serious argu… https://t.co/2v91N76ODd

Worth reading the clearly-stated and minimalist Dutch conception of what the Eurogroup agreed yesterday! https://t.co/M5fQYf3utF

Lower CPI inflation (from 5.2% in February to 4.3% in March) relative to the deposit rate reduces the amount of imp… https://t.co/ZOSBRLGlQS

Wow absolutely stunning thread on the BoE‘s recent moves but also its historic perspective. You will find your taxo… https://t.co/I6Q5II1TtH

The fall in consumer lending in China in the past two months has been incredibly steep. If this continues, the grow… https://t.co/EG2e2whjmf

US junk bonds rally most in 2 decades w/Fed now a buyer. Risk spread to Treasuries narrowed 86bps to 785bps, lowest… https://t.co/zJxeb4bVYe

@MkBlyth Thanks Mark!

The first confirmed coronavirus case in New York was a woman who flew into JFK in February and tested positive Marc… https://t.co/vybvA1xGd8

@JoMicheII @meadwaj @jdportes Thanks both. Headlines … oh the heartbreak of headlines.

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/DFQQpkLTuC

Amongst the WTO’s predictions for global trade the best case looks like the disaster of 2008-9. The worst case is t… https://t.co/XwpFAnqjaH

China is backstopping its domestic credit market but lacks will and means to cushion impact on offshore borrowers -… https://t.co/1Z4nUTlKJr

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/cDfGVj7hOh

The fact that South Korean imports from China are rebounding sends a positive signal about the recovery of the East… https://t.co/Ap4sCv4ZyY

There was not just a decline in euro relative to dollar. There was also a huge spike in the volume of dollar/euro t… https://t.co/JRQQfoTEXD

Yes. The ECB’s bond buying IS deviating from the conventional capital key. And YES this does favor Italy.… https://t.co/wSxknnSnsq

Italy’s economy has now suffered three devastating blows in a period of 12 years: 2008, Eurozone 2010-2013, Corona… https://t.co/3r097nlSwx

France like the rest of the AE is suffering a historic recession: economy contracted by 6% in Q1! Outlook for Q2 is… https://t.co/2Amevo7PZd

China’s consumer loans are shrinking at an unprecedented pace after a decade of breakneck expansion, a blow to the… https://t.co/OE8Y2yo98O

Amongst the WTO’s predictions for global trade the best case looks like the disaster of 2008-9. The worst case is t… https://t.co/Av8xO0xajL

The Fed’s efforts to stabilize the muni bond market are vital for a state like Illinois that faces downgrade to Jun… https://t.co/0cwI5XTeWJ

In response to the threat of a credit crunch the corporate credit market has bifurcated: IG bond issuance has surge… https://t.co/4a5K7e6Zlf

Straight down: US consumption of petrol has suffered an unprecedented collapse of 40% in a matter of weeks.… https://t.co/6NQ4igQqlP

@adam_tooze @commerzbank @SoberLook Using the capital key was in any case to the detriment of #Italy. as ist does n… https://t.co/eQYlPyEVO4

Ramping up infrastructure spending financed by SPV local government bond issuance is a classic weapon in China’s st… https://t.co/0RssOWRG6R