ADAM TOOZE

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

Trade-weighted RMB is up sharply. That's because the Dollar has risen sharply against EM, which – ordinarily – woul… https://t.co/7YofihwOF2

Particularly struck by this point. The EZ's choice may be between not political fragmentation (coalition of the wi… https://t.co/ZDlP8j0Rgd

Why Europe needs a "coalition of the willing" to proceed with Coronabonds – and how it can succeed. Must-read… https://t.co/wk1mhdS5sp

I've written up some talking points of the swap-line story in German here. Some may like the pictures. Thanks to… https://t.co/VKoEgdq3gZ

Since acting SecNav Thomas Modly said there is “no situation where you go to the media, because the media has an ag… https://t.co/J2IwDmPC6h

The vast issuance of US Treasurys this year will be absorbed by the Fed & money market mutual funds. @GoldmanSachs… https://t.co/R3KvTNhx6p

When realists aren't, well, realistic: @adam_tooze dissects Lieven and climate change https://t.co/of3CnT5uCm

Orban has so far benefited from a mild financial climate. Investors have not punished him for his nationalism and a… https://t.co/lAk1yTUiWV

Cattle futures are plunging. My Kentucky in-laws are fretting about us in NYC. But they themselves are taking a hug… https://t.co/nWXNHASQmv

For Turkey the financial pressures are building to levels last seen in 2018. But this time this really is part of a… https://t.co/pWFK37sW1R

“Here we make Italy or we die”. The current fight over how the EU will pay to stop coronavirus can be summed up as:… https://t.co/RJwPtmvSGJ

The Fed’s balance sheet could easily top $9tn by the end of 2020 = >40% US GDP. Some analysts suggest 60%. Fed’s as… https://t.co/CzNT4FLf3J

So far there has been little public response to the @WorldBank or @IMFNews calls for debt relief or warning of the… https://t.co/54k3AY5LyS