Covid-19 and the Day After
World Economy That Took Elevator Down Faces Steep Stairs Back Up Enda Curran, BloombergRead the full article here In the wake of what the IMF has called “The Great Lockdown,” the world has suffered from the worst economic crisis since the Great Depression. While...
Economic Recovery and Market Trajectory
When we look at US jobs data, we get a clear picture that more than 7 out of the 22 million jobs lost during the Covid-19 crisis have been recovered. That fact by itself is a powerful factor in explaining the market’s recovery. However, the surge of infections...
Weekly Market Update
Global Market News Global equities improveGlobal equities were much improved this week in part thanks to promising news of a vaccine and a much-improved US labor report. The yield on the 10-year US Treasury note increased just slightly, hitting 0.67%. The price of a...
Covid-19 and the Day After
Pandemic Causes ‘unprecedented’ fall in global trade Valentina Romei, Financial TimesRead the full article here April data reveal that world trade has experienced an “unprecedented” decline as a result of the Covid-19 pandemic. The volume of global trade in...
Crossroads: At the Intersection of Geoeconomics and Geopolitics
North America Surprisingly, global equity markets have continued their rebound, making up the ground lost in March. Many economists and investors attribute the soaring numbers to the trillions of dollars of government stimulus that has been pumped into the markets....
Market Developments and Wildcards
There is little doubt that stock market indicators (besides the rally itself until recently) pointed to a recovery that is better than the one expected by the majority of analysts, economists, and market watchers. The equity markets recovered most of the losses that...
Covid-19 and the Day After
A $10 Trillion Fed Balance Sheet Is Coming Bill Dudley, BloombergRead the full article here The Fed’s balance sheet has grown by about $3 trillion since mid-March, with more easing on the way. As the Fed buys corporate bonds, municipal securities, Treasuries, and...
Kleptocratic Authoritarianism and the Chinese Dragon
“President Putin is the leader of a great country who is influential around the world. He is my best, most intimate friend”, Xi Jinping, 2018 Hello darkness, I am still looking for useful idiots. The petrostate is at my disposal, so feudalism has been redefined. I no...
Weekly Market Update
Global Market News Global equities back on the riseAfter last week’s dip, global equities rose this week amid signs the global economy is recovering. Markets seem to be assuming that the worst is behind us. The yield on the US Treasury dropped 2 basis points by Friday...
Covid-19 and the Day After
OECD warns of deepest economic scars in peacetime for a century Chris Giles, Financial TimesRead the full article here While the equity markets seem to have taken for granted the likelihood of a “V-shaped recovery,” a gloomy forecast from the OECD indicates many...
