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Despite QEternity & "Record" Bailout, US Dollar Shortage Is IntensifyingMar 25, 2020 - 07:07:28 PDT
The global dollar shortage may rise from 13 trillions of dollars in March 2020 to $ 20 trillion in December... And that is if we do not estimate a lasting global recession...
Pressure is building up in Europe to come up with new ways to mitigate the economic impact of the coronavirus, in the region that has become the epicenter of the outbreak.
The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket to 30%, higher than it was even during the Great Depression.
Former Fed Chairman Bernanke Sees 'Very Sharp' Recession, "I Hope Short"Mar 25, 2020 - 06:48:25 PDT
“It is possible there’s going to be a very sharp, short, I hope short, recession in the next quarter because everything is shutting down of course,” he said.
Are Fed actions making headway on filling the hole, or is the hole growing faster than the Fed can shovel as a result of a tsunami of liquidity problems?
Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.
The Federal Reserve launched QE infinity this week. The Fed has committed to buy an "unlimited" amount of US Treasuries and mortgage-backed securities. But that's not all. The central bank also announced it will buy some corporate bonds for the first time ever.In effect, this is money-printing on a massive scale. And of course, pumping trillions of dollars into the economy will have ramifications. We may well be on the path to hyperinflation.
The Fed seems determined to print all the money needed to keep the markets open...
The global economy is taking a battering not seen in decades, the outcome of severe restrictions on businesses and households by governments desperately trying to contain a pandemic that’s killed almost 17,000 people worldwide.T
We can assume the upcoming report will print around 2.5 million initial claims.
As the shortage of dollars sweeps the globe, cracks are starting to show up in Asia’s emerging markets, despite the hefty foreign-reserve cushions built up over the years.The squeeze on U.S. currency is putting pressure on emerging Asia debt.
China’s central bank is in discussions to cut the interest rate banks pay on deposits for the first time since 2015, in a bid to help banks eke out higher profits as they are enlisted to help spur an economic recovery following the coronavirus outbreak. Chinese banks have been recruited, however, to help boost the economy.
One crucial one, happening right under our noses, is in the corporate bond market. Corporate bonds have become very illiquid, as one might expect with euro investment-grade credit spreads over benchmark government bonds having widened by 1 percentage point in a month.
The Federal Reserve has launched QE infinity. As Peter Schiff put it, the Fed has gone all-in on quantitative easing.So, what does this mean? What are the ramifications of all this debt monetization and money printing? In his podcast, Peter said this is where the problems really start.
A shrinking supply of Japanese government bonds is causing havoc in money markets as the Bank of Japan seeks to buy an increasing amount of debt and dealers refuse to sell.Rates in Japan’s repurchase market -- where bond holders connect with investors looking to borrow them -- hit a record.
The Fed tapped BlackRock Inc. to shepherd several debt-buying programs on behalf of the U.S. central bank as it works to revive an economy reeling from the spread of coronavirus.BlackRock, the world’s largest asset manager, will serve as an investment adviser and manage assets...
...a tidal wave of unemployed people swamping systems to help them and straining state finances to the breaking point.
Dow Futures Drop 200 Points After Senate Reach Deal on Virus Stimulus BillMar 25, 2020 - 04:53:09 PDT
Stock futures fell in early Wednesday morning trading, following Tuesday’s historic rally, despite the White House and Senate reaching a deal on a coronavirus stimulus bill.
Credit rating downgrades could accelerate a corporate debt meltdown, according to bankruptcy expert and NYU professor Ed Altman.
“She said that we should seriously think about it, next to the use of the ESM (bailout fund) instruments. The Eurogroup did not discuss debt mutualization at this stage,” one official involved in the meeting said.