“…during Lehman, unprecedented HF redemptions played a big role in propagating the equity and credit market declines”.
Month: March 2020
Jeff Gundlach Held A Webcast About Sinks. He’s Bearish.
“It contains many layers of meaning”.
Nomura’s McElligott Weighs In On Trump’s $2 Trillion ‘New Deal 2.0’
“Now of course this is all coming into the expected ‘peak COVID’ shock”…
Manny Friedman Suspends Redemptions In Credit Fund Citing Frozen, ‘Nonfunctioning’ Markets
“Market participants fear extreme and irreversible damage”.
As US Coronavirus Fatalities Eclipse 9/11 Deaths, World Ponders Grim New Reality
“This is like a fire through dry grass with a strong wind behind it”.
Fed: Stop Selling Treasurys Into An Illiquid Market
“This facility should [provide] an alternative temporary source of US dollars other than sales of securities in the open market”.
Goldman’s New GDP Prediction And QR Virus Codes In Moscow: Welcome To Your Dystopian Future
“It’s been miserable on so many levels.”
‘Where We’re Going, There Are No Roads’: Revolvers, 12-Sigma Plunges And Reluctant Swipers
$162 billion in revolver draws, a warning from Visa and a 12 standard deviation plunge in one bank’s activity gauge.
‘Sudden Declines’, ‘Gone In A Flash’
Can you laugh in the face of danger?
How Bad Will It Get? America’s Unemployment Crisis Set To Spiral, According To Some Estimates
Now that is quite something.Â
As Economic Confidence Collapses In Europe, Germany Pays Workers To Stay Home
The difference is that “all these workers are all still employed”.
‘The Largest Economic Shock Of Our Lives’: Goldman Says Oil Demand To Plunge 25% Near-Term In ‘Game-Changing’ Crisis
“…carbon-based industries sit in the cross-hairs as they have historically served as the cornerstone of social interactions and globalization”.
Fingers Crossed.
A somewhat inauspicious start.
China Eases Big, Delivers Large Cut To 7-Day Reverse Repo Rate
If you were looking for a sign…
This Is Not An Economic Crisis With Social Consequences. It’s A Social Crisis With Economic Consequences.
“What is happening is not a financial crisis or an economic downturn caused by the endogenous workings and self-sabotage of the capitalist system.”
Trump Abandons Easter ‘Economic Resurrection’ Goal, Cites Worst-Case 2.2 Million Virus Death Toll
“When I heard that number today – first time I’ve heard that number”…
‘We’re About To Find Out If It’s Enough’: Everything Policymakers Have Done To Bail Out A Sick World
“There are no ideologues in financial crises.”
The Great Petrostate Panic.
Trouble in petro paradise.
Fauci Confuses Tapper’s Virus Question, Clarifies US Could Have 200,000 Deaths, ‘Millions’ Of Cases
“You could so easily be wrong, and mislead people.”
In Europe, Indefinite Lockdowns, Spiraling Death Tolls. In The US, A ‘Totally Bizarre’ Soap Opera
“I can’t make an accurate prediction”.
This Is ‘The End Game Of The Great Debt Super Cycle’ And Scott Minerd Sees Just One Way Out
“We are experiencing the end game of the great debt super cycle”.
Ebbs And Flows.
Historic outflows, daunting headlines and a rebalancing bid.
‘Don’t Call The Woman In Michigan’: Trump Gambles On Governor Attacks Amid Virus Response Push
“I mean, I’m a different type of person.”
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