The coronavirus fightback will make lasting changes to economies

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…

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Beware the $500 Billion Bond Exodus

 The great on-shoring could prompt multinationals — which have parked much of their overseas profits in Treasuries and U.S. investment-grade corporate debt — to lighten up on bonds and use the money to goose their stock prices.  Source: Bloomberg For years, the likes of Apple Inc. and Microsoft Corp. have stashed billions of dollars offshore to slash their…

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