ADAM TOOZE

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…

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

Time-traveling along the US series for jobless claims is a dizzying experience! https://t.co/a7oFqiDNLD

Germany is relaxing its strict border closures to allow health work… no, hold on, … #asparagus pickers to come… https://t.co/sgYLeVjZb4

@Brad_Setser Its >$90bn per working day. That is more than Bernanke’s Fed was buying per month!

Powelll’s QE is currently running at the rate of > $90bn PER DAY … unbelievable. https://t.co/ltj8oxXfKE

@HindChristopher @adam_tooze Christ. The Fed are the bid side of the market. Heard of multiple trades of $50bn from one bank

This is an insane pace of asset purchases by the Fed. $1.28trn in 14 working days. Immense. https://t.co/ltj8oxXfKE

COVID-19 Fiscal response: What are the options for the EU Council? Excellent summary of recent weeks of debate by… https://t.co/n93CKKRrFi

Not quite how I’d imagined publication day, but still very proud of this book, my first for @WmCollinsBooks and my… https://t.co/D1fKPxPgSe

Can’t wait to read this. Congratulations @sauldavid66. I just wish I was at the launch party! https://t.co/kr1iWCsq9P

The EU needs revenue to fight COVID-19. The fall in oil prices is a setback to decarbonization. -> EU should close… https://t.co/1DCTJKPCkd

For @ted_morris https://t.co/RzxpoRQonc

Who is Jerome Powell? The scale of the Fed’s actions make the question more pressing than ever. Bernanke/Yellen/Gr… https://t.co/snoDhXpG6P

So a shortage of dollar liquidity in Japan, UK and EZ is NO longer the problem! https://t.co/0YVA1TyfAL

when the crudest marxist theories of imperialism seem most correct https://t.co/fSL1f7feve

This photo is incredible. If you closely, that’s all Boeings on the left, Airbuses on the right. (Via… https://t.co/DtQuJ9Yflq