The Fed has been lauded for doing more for the broader Main Street economy during this pandemic-induced crisis than back in ’08-’09 when seen as mostly as Wall Street’s savior. Source: Bloomberg Federal Reserve Chair Jerome Powell and his colleagues had a hard decision to make as the coronavirus epidemic worsened in February and March….
Artificial Intelligence (AI) has been finding its way into the financial services industry offering immeasurable benefits. Source: The Fintech Times Artificial Intelligence (AI) has been finding its way into the financial services industry for some time, and there’s no denying that the technology offers immeasurable benefits. AI can increase the efficiency, optimize processes, reduce costs…
COVID-19 crisis has taken a big step toward policy co-ordination along the lines of modern monetary theory. Source: Financial Times Some day this crisis will end. When, and at what human and economic costs, remain big unknowns. But when markets return to something like normality, investors are likely to find a fundamentally altered political and…
Former Wall Street money manager warns of the COVID-19 crisis as one of the biggest insolvency risks in history. Source: Forbes Bitcoin has largely failed to perform as a so-called safe-haven asset during the coronavirus crisis so far—though that could have begun to change. The bitcoin price fell sharply last month amid a broader market…
With a higher-running yield, spreads now have to widen more and faster for price losses to overcome the large yield advantage that comes from holding credit. Source: Seeking Alpha As a professional bond manager glued to a screen watching prices every day, it’s hard to fathom that just a few weeks ago when March began…
Despite the human costs of the COVID 19 pandemic, more innovative use of artificial intelligence and machine learning in healthcare is one example on how this can be applied to enhance the financial industry. Source: CTV News MONTREAL — Despite years of discussions between politicians and doctors, the Quebec government couldn’t find a way to…
Predictions from 34 big thinkers on how a global crisis on the scale of Coronavirus can change the world permanently. Source: Politico For many Americans right now, the scale of the coronavirus crisis calls to mind 9/11 or the 2008 financial crisis—events that reshaped society in lasting ways, from how we travel and buy homes,…
China is facing its first quarterly contraction in decades and the weakest year since 1976. Now a second COVID-19 virus shockwave appears to be hitting Chinese factories. Source: Bloomberg Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to…
This high level of corporate debt has made the U.S, particularly vulnerable to sharp downturns in global economic activity. Source: S&P Global Since mid-February, the market has turned sharply down in response to the coronavirus pandemic. The S&P 500® has fallen about 32% from its peak this year. Equity volatility shot up, as VIX® went…
The spectre of a solvency crisis for the broader economy has jolted central banks and governments into action. Source: Financial Times In the fight to stop the coronavirus outbreak destabilising the global economy, central banks have gone “all in” with intervention after intervention to calm capital markets. Governments are following closely behind, announcing massive spending…
With trading volumes for US corporate bonds up
