One expected consequence of the Covid-19 crisis from a human and economic cost perspective, is that people will almost certainly expect and insist on greater resilience in the event of another crisis Source: GARP | Global Association of Risk Professionals The human and economic costs of the Covid-19 crisis are already enormous, and the final…
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….
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…
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…
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…
Just how bad COVID-19 will ultimately be for the US and global economy is difficult to say, with no real frames of reference as precedent – the author discusses two extreme scenarios as a framework for what may be. Source: Bloomberg How bad COVID-19 will be for the U.S. economy is almost impossible to say,…
Fed Chairperson Powell calls current policy stance “appropriate”, with the economy in a “good place. Source: Thomson Reuters WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the…
The good and the bad of Trump’s economy. Source: Thomson Reuters WASHINGTON (Reuters) – The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump highlighted in his State of the Union speech to Congress on Tuesday. With “The Great American Comeback” as its theme, Trump focused…
Wall Street Is Getting Cut Out of Bond Market It Long Dominated Source: Bloomberg The banks that have stood in the middle of the corporate bond market for decades are increasingly getting pushed aside. Electronic marketplaces like MarketAxess Holdings Inc., Tradeweb Markets LLC and Liquidnet Holdings Inc. say that more of the company bond trades…
With trading volumes for US corporate bonds up
