ADAM TOOZE

As bank ownership of US corporate bonds has declined that of mutual funds, ETF and insurance has increased.… https://t.co/uSYLoU4Cef

@Birdyword @DuncanWeldon @michaelsteen In that film … remind me … a lot of them get shot, shoot each other and die slowly … that one?

The terminal decline of the US coal industry began in 2102 it is driven by prices, foreign demand and regulation.… https://t.co/GFQ2V1wuRu

The evolution of "moral money" since 1990. Great timeline of environment, social and governance initiatives in fina… https://t.co/ReAP42mmoJ

Germany's Fest family saga needs its Brecht or Fassbinder … https://t.co/nd41HPGmzA

This digusting racist appeal is by AfD MEP Nicolaus Fest, son of Joachim Fest the biographer of HItler, sycophantic… https://t.co/5d4rW0O0lj

NEW Massive support for #ClimateEmergency action – the UK public SAY they support action and taxes to drive behavi… https://t.co/cLSxGXx9ci

The euro crisis "has made EU governance more technocratic and more politicised", undermining democracy, or so I arg… https://t.co/ooKRhS9hgX

Man Ray’s elegant geometric chess set from 1920 gets reissued https://t.co/syW1ypJOWv @openculture #design… https://t.co/itL0wqLMht

If corporate profit margins are the basic driver of the business-cycle then things are not looking good for 2020!… https://t.co/rassZsdTtz

What if we orientate our analysis of business cycle around what is presumaby the basic driver of business activity… https://t.co/N7rVowFv8f

Cranes collapse while you are building a Hard Rock Hotel, killing 3 and leaving 20 injured plus you have two broken… https://t.co/CnRnZY4vga

When a recession isn’t a recession. Bundesbank on Germany’s 2Q of neg growth. “A recession in the sense of a clear,… https://t.co/vUemhnKulZ

ECB hawks should remember 2008 & remember 2011. We dont say this enough! https://t.co/9zzcTEnbdM

1) If I was a hedgie one of my main calls would be to buy any significant widening of a spread between peripherals… https://t.co/T0NspGjMD1

What really struck me at these IMF-WB meetings is that the Fed wasn't in focus, even though we're in the middle of… https://t.co/JZ2jlUjyLc

I got to fit in stuff like this map of what ~150 years of colonization looks like. (Native American land loss from… https://t.co/OX6wCx6OOX

Draghi is home alone in the euro zone. Great riff from @GustavAHorn https://t.co/g3Jgv2KPVP

Draghi gescheitert? Ich meine mitnichten und würde eher eher titeln: Mario allein zu Haus. Weil von der Fiskalpolit… https://t.co/1WLfzX4MLo

Goodbye to LIBOR? The shift to new risk-free reference rates involves HUGE quantities of money! $267 trn remained t… https://t.co/IJsfDvlEg3

A huge M&A wave is being driven in the US right now by low interest rates, tax changes and accounting techniques (i… https://t.co/7ARnhKCeSo

How to spot a weak Chinese bank? Baoshang, Jinzhou, Hengfeng were heavily reliant on wholesale funding and were hea… https://t.co/3kk5D7PRLk

Global issuance of corporate bonds and syndicated loans entirely dwarfs equities. In an environment with these kind… https://t.co/6GbIjHcfBS

Where the risks might be in the Chinese banking system: Look at all those “smaller” undercapitalized, unprofitable… https://t.co/HnZODVStlT

@siddiqui71 you are welcome. fellow macro junkie.

Small firm America is slowing down hard! Compared to other major global stock indices, earnings expectations in US… https://t.co/csJiOyP37O

"Although banks are stronger overall, some banking systems have large exposures to sectors with high vulnerabilitie… https://t.co/B5S6xN2qrS

Baoshang, Jinzhou, Hengfeng Fascinating box in the latest @IMFNews GFSR on the stress in the Chinese interbank fund… https://t.co/qaY90xH29K

This is interesting on how the IMF defines a “systemically important economy” not a bank, a s.i. economy.… https://t.co/vKdLSwc1oO

In 80% of systemically important economies there is elevated vulnerability in nonbank financials. In 60% the risk l… https://t.co/vHRMnWbmgk

Does education -> secularization in N. Africa? @MaxCRoser wielding the data …. https://t.co/kKKcU3B0a1

The 2018-9 EM sell off was bad, but since then sov bond issuance by EM and frontier economies has revived. @IMFNews… https://t.co/9YdyaD1lqS

The market expectation is that over the next three years 90% of AE sov debt will yield less than 2% in nominal term… https://t.co/gZxFAs4Y3u

In an econ slowdown half as severe as global financial crisis, corporate debt-at-risk (debt owed by firms that are… https://t.co/KkvT7HZ0jf