ADAM TOOZE

There hasn’t been a default in 20 years on AAA-rated, senior tranches of CLO made out of high yield corporate bonds… https://t.co/YIJFbBS6yL

Wow. Thank you. https://t.co/inu8LDBLVu

QE -> low yields -> high yield corp bonds become attractive (HY) -> pool and tranche those -> CLO -> AAA-rated high… https://t.co/PgSec62sT9

Did the news from Japan suggesting some upward movement in yields at the long end, slow down the flattening of the… https://t.co/a7BFjiCehC

How structured finance vehicles (CLO) drive demand for high yield bonds which are crucial to financing private equi… https://t.co/6yRSUvASp5

World’s top 50 miners "spent about $1 trillion on projects during the last 20-year commodity cycle that started in… https://t.co/FZrSZaVFru

Petroleum energy independence: the US will get there at current pace by 2021. Then it returns to being a (small) ne… https://t.co/NYEtiHjV0j

Fascinating article about the contested culture and legacies of Wehrmacht militarism in the history of the Bundeswe… https://t.co/5GjcjkFtBl

Doubling down in face of looming tech conflicts with the US, Li Keqiang will head a new Leading Small Group for Chi… https://t.co/ejlGQbujHH

Should barracks of the Bundeswehr be named after Rommel and other heros of Wehrmacht propaganda? A fascinating and… https://t.co/QJ5Fgm7BUK

Caspian gas: fascinating report on pending deal that will unlock Turkmenistan’s gas resources. Plus Rocky on the be… https://t.co/khS0i5bDfb

"A new generation of historians argues that scholars ought to take seriously ideas about democracy generated by the… https://t.co/Z3wPZQTj3y

"But lakes have no global rules. Azerbaijan, the officials said, wanted the Caspian to be entirely carved up on thi… https://t.co/vVs0TDfNGQ

John Plender: One is that the yield curve — the difference between short- and long-term Treasury rates — may prove… https://t.co/GX7PZ4NipP

A review of the important intervention by @AshokaMody from @MESandbu If there is one thing they agree on, it is dem… https://t.co/QetZdrDwRo

Who knew that Tuscany has a superb industrial museum? In Larderello – centre of borax production 19th c and pioneer… https://t.co/AZnE1Yx4Ty

@PaulBlustein @CIGIonline Hi Paul your work was invaluable. Much appreciated.

For now capital outflow from China is a concern rather than a pressing threat. Levels are modest relative to 2015-6… https://t.co/cTCqtJX6Bu

"We are in the middle of a rapid-fire monetary easing in China. The chart below shows the 7-day interbank interest… https://t.co/rYGXugo2Ec

Health care expenditures are rising for everyone in the US. But they account for 19% of the disposable income of po… https://t.co/gQr3kNWoY8

Broad measures of labour market activity – U6 and discouraged workers – suggest that US is approaching pre-crisis l… https://t.co/5NCFnasHrs

165k migrants left Libya for Italy since January 2017. About 1/5 did not make either because they drowned or were s… https://t.co/4IxainrY6N

Even worse than the sustained depression in Greek GDP is the collapse in investment. Down to 40% of precrisis level… https://t.co/3uR8Drx8E5

China’s GDP is about to overtake that of eurozone (at current exchange rates). It accounts for 15% of world economy… https://t.co/cCfmvGqnG3

“Safeish” assets: worldwide there are about $7trn in bonds rated BBB or better offering 3% or more. Hence the restl… https://t.co/zG0ujs9PUy

Tokyo Storm Warning: both Plender at the @FT and @TheEconomist are running stories about Japan’s lopsided financial… https://t.co/klzhdeth70

China’s Lancang-Mekong Cooperation Mechanism is increasingly dominating the water politics of the Mekong river. US-… https://t.co/zx3yRrAE9Y

"The reversal of globalisation is by now in full swing in goods markets but nothing remotely comparable is happenin… https://t.co/br7spVLTD8

@davidchungpark @WSJ @global_thoughts Thank you David!

As renewables increase their share of generating capacity bursts of sunshine and gusts of wind generate surges in p… https://t.co/o92QwaFEdk

The @WSJ raves CRASHED by @adam_tooze “is economic history on an epic scale.” CRASHED is available now! Start readi… https://t.co/jqAdYAQkBW

Half of US investment in America’s celebrated Q2 2018 of 4% growth came from energy. Does the White House really wa… https://t.co/pydvGuulPm