ADAM TOOZE

@LizAnnSonders @biancoresearch @federalreserve @USTreasury The Fed is the largest holder of MBS too. People think… https://twitter.com/i/web/status/1285182005521649664

With @federalreserve’s balance sheet expanding exponentially, Fed is now largest holder of @USTreasury securities (… https://twitter.com/i/web/status/1285160248932737026

IMO the FinTwit discussion about US Federal troops being deployed to US cities is leaving out the most important pa… https://twitter.com/i/web/status/1285622036971302919

Is China going to move from pegging v. Fx basket to pegging against gold? ?! “Having secured control over Hong Kon… https://twitter.com/i/web/status/1285897377371447299

“The bond part is no longer a good hedge for the equity part. Everything is very expensive, cash is not bringing an… https://twitter.com/i/web/status/1285893205846786048

Thoughts on China's Peoples' Congress system from two scholars at the PKU School of Marxism: "Carl Schmitt suggests… https://twitter.com/i/web/status/1285807311798145024

Liu Xiaoyuan’s recent book on Tibet has new Deng Xiaoping quote on violent reforms in Tibetan areas of Sichuan in 1… https://twitter.com/i/web/status/1285737470601187335

Liquidity provided by automated high frequency trading algorithms in inter dealer Treasury market collapsed in Marc… https://twitter.com/i/web/status/1285816848676724738

March 2020 saw the most dramatic re-pricing of assets in the last 30 years, as measured by volatility-adjusted pric… https://twitter.com/i/web/status/1285806780388265985

From trade deficit to surplus and back again, the 220 year history of the US goods trade balance (as % of GDP). The… https://twitter.com/i/web/status/1285801999082983424

Liquidity provided by automated high frequency trading algorithms in inter dealer Treasury market collapsed in Marc… https://twitter.com/i/web/status/1285761499827441675

March 2020 saw the most dramatic re-pricing of assets in the last 30 years, as measured by volatility-adjusted pric… https://twitter.com/i/web/status/1285760267528306690

Can somebody help me understand why Trump supports Shelton for the Fed. She was critical of Yellen. She is clearly… https://twitter.com/i/web/status/1285738550827384833

From trade deficit to surplus and back again, the 220 year history of the US goods trade balance (as % of GDP). The… https://twitter.com/i/web/status/1285718700541149184

Wonderful. Thank you to @Brad_Setser for organizing this! Josh Younger @jpmorgan on the crisis in March! https://twitter.com/Brad_Setser/status/1285656498631331841

How fluctuations in the price of oil and microchips, which are both cyclical commodities, affect the Chinese trade… https://twitter.com/i/web/status/1285685984818941953

As recently as 2003 half of China’s employment was in primary sectors i.e. agriculture, mining etc mainly farming!… https://twitter.com/i/web/status/1285680953545953283

Implicit pension liabilities are often discussed as a problem of aging rich countries. Big EM face far bigger probl… https://twitter.com/i/web/status/1285675918091005958

Since 2016 China has moved to a monetary regime that allows much larger volatility in exchange rates but stabilizes… https://twitter.com/i/web/status/1285670885718802432

Less free lunch: the decline in contribution of TFP to Chinese GDP growth is one of most alarming development since… https://twitter.com/i/web/status/1285665855276228608

How much does low rate of consumption in major Asian economies reduce the welfare/GDP ratio compared to other facto… https://twitter.com/i/web/status/1285660818533646338

China Inc. Btw 2013 and 2017 China poured $60bn plus into supporting its grossly overextended aluminum industry. D… https://twitter.com/i/web/status/1285656288781885449

@GuthmannR @alpinemacro @SoberLook Agreed. But an accounting identity in the sense that someone juggling plates has… https://twitter.com/i/web/status/1285655156630130691

CoRisk: as China’s importance as a trading partner to EM economies rose, the number of countries whose asset market… https://twitter.com/i/web/status/1285650752959139840

There are three major global currency blocs exhibiting significant co-movement: $, Euro, RMB. Currencies co-moving… https://twitter.com/i/web/status/1285645719030960129

For its level of per capita GDP, China has remarkable strength in high tech industries and policy is pushing furthe… https://twitter.com/i/web/status/1285640685849378816

There is a very wide variation in growth rates across China. Population of each of these units is the size of a med… https://twitter.com/i/web/status/1285635653288558594

You might think that science, medicine and epidemic preparedness would be TOP priorities after COVID. But they did… https://twitter.com/i/web/status/1285631483177312259

Since 2008 a $1trn gap has opened in US btw private saving and investment. S>I easy to see how that gives you stagn… https://twitter.com/i/web/status/1285600420748865536

US 10-yr Treasury yields back to Hamilton! Also a hint as to why starting any macro series in the late 70s/early 80… https://twitter.com/i/web/status/1285595387529764864

US Treasury is issuing trillions in bills and … investors (largely US domestic) are gobbling them up. Barclays Rese… https://twitter.com/i/web/status/1285590363604844545

Amidst retail excitement, trading volume in NASDAQ has exploded. This by @jmackin2 is smart on state of market.… https://twitter.com/i/web/status/1285585321191600128

@felixsalmon agreed. Would love to see numbers on that.

In der Mitte des 19. Jh.s gab es in Deutschland und im größten Teil Europas die letzte Hungersnot. Erst die Weltkri… https://t.co/wVRo0gEZki