ADAM TOOZE

My rough back-of-the-envelope calculations show that global stock markets have had $8.38tn of market cap chainsawed off this year.

PBOC Injects Most Cash in Three Years in Open-Market Operations https://t.co/oHzZKa4BCP via @business

Portugal's bank bail-in maneuver that breaks pari passu equal treatment rule for bonds causes market stress https://t.co/FRTYHCyIjc

Great Sandbu comment on the stress in European banking system and political risks https://t.co/BfhfXCL8Pf

Italy in last-ditch talks to secure EU support for its bad bank support plan https://t.co/WDIsK0IzXh via @FT

Italian bank shares down 21 % since start of year. https://t.co/CEZE6RGi9Y

Portugal bonds slump: "ECB’s QE having an impact. It’s a tap that’s constantly flowing, but it can’t stop a tsunami”nhttps://t.co/qT1gwQPhGR

"I wouldn't use the word 'collapse'" says Putin spokesman Dmitry Peskov as rouble soars past 85 per $

clark identifies Kaunitz of Austria in 1749 as 1st to make policy argument on basis of “natural interest” of states based on geopolitics

Rereading and loving Chris Clark’s Iron Kingdom and its brilliant synthetic accounts of the rise of Prussian state.

Thanks for the reminder. Utterly haunting film! https://t.co/FpBKgZhjFm

Explaining’s BJP’s loss in Bihar: “no strategy could make up for government’s failure to keep dal prices in check”nhttps://t.co/sjD9MrozXs

Piece on Amit Shah offers insights into inner workings of BJP the largest democratic political machine on planetnhttps://t.co/sjD9MrozXs

Sad news of passing of Geoffrey Hawthorn: Plausible Worlds an essential read on counterfactuals. https://t.co/4mi0OXxeRL

World Bank estimates a $2.5trn infrastructure gap to meet own development goals https://t.co/6yF4MNs7rz

Devastating FT report on India infrastructure problems and debt levels at Jaypee Group https://t.co/jvH6i0mWfR

Mars-Zement https://t.co/uXh3prrWlk

Bank of China pushes shipbuilder into bankruptcy. Financial + debt pressures coming into conflict w/unemployment + social stability fears.

NEW VIDEO: Kari Polanyi Levitt on her father's time in "Red Vienna," his socialism, and the "Great Transformation:" https://t.co/RuHnpE9txW