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The coming coronavirus recession will take the global economy into uncharted territory.
The coronavirus shockwaves rippling through U.S. stocks are forcing investors to...
European market watchdogs have moved to tighten rules on short selling in an effort to stem the historic losses arising from the coronavirus pandemic.
‘What’s different about now is you don’t know when the next shoe is going to drop’
The Federal Reserve said Tuesday it is providing help to companies that are having a hard time getting the short-term funding they need to operate.
Fed Announces Another $500 Billion Ops for Overnight Repo Funding MarketsMar 17, 2020 - 07:25:16 PDT
The Federal Reserve is continuing to provide support for short-term bank funding, as it will institute another $500 billion repo operation Tuesday afternoon.
The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday.
The cash is part of a package of measures the ECB unveiled last week that also included an increase in bond-buying and more favorable terms for its targeted long-term lending program from June.
Treasury Futures Domino That Helped Drive Fed’s $5 Trillion Repo: BloombergMar 17, 2020 - 07:13:40 PDT
It is said that liquidity is a coward, it disappears at the first sign of trouble. What happened in Treasuries last week was one example of this, as problems in one small corner of the bond market helped spark a liquidity crisis in another that lead to a $5 trillion Federal Reserve promise to calm markets.
The world’s central banks are starting to deploy a crisis-era lesson that it’s best to take out insurance against a recession than worry about running out of ammunition.
A corner of the financial system that provides corporate America with short-term IOUs to buy inventory or make payrolls is seizing up, triggering a scramble for cash elsewhere and fueling speculation that the Federal Reserve will intervene.In the $1.13 trillion commercial paper market...
...and just like that, it was gone.
“We just ran the numbers carefully over the weekend, and we think second quarter's going to be about minus 5%, and we think the jobs number in early April might be as much as minus a million or so because ... nobody is going to get hired next week,"
This is why it's imperative to go big now, and make plans to sustain the most vulnerable households and small employers not for two weeks but for six months--or however long proves necessary.
“This is a different kind of crisis than normal crises. It’s just not a problem of aggregate demand,” said Joseph Stiglitz, former chief economist at the World Bank.
The Fed is now so far behind the curve that nobody has any idea when something will finally snap.
Morgan Stanley: A Global Recession in 2020 Is Now the Firm's 'Base Case'Mar 17, 2020 - 06:33:55 PDT
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy.
Treasury Secretary Steve Mnuchin will ask Congress for $850 billion to tackle the economic impact of the coronavirus pandemic
Guggenheim’s Minerd Sees 10%, 20% Chance of Global Depression: BloombergMar 17, 2020 - 05:08:16 PDT
“This thing could spiral into something akin to a global depression,” Minerd said in a Bloomberg Television interview on Monday. “That risk is not remote at this point. I would say we have at least a 10% or 20% chance of that.”