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New York Gets The Virus, Buttigieg Quits Race, Caixin Crumbles In Monday News Deluge
In a preview of what's in store for investors this week, assets were whipsawed in Asian trading Mond
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In this situation, Central bank rate drops/balance sheet expansions are only band aids- that temporarily create the impression that bleeding has stopped. Give it a few minutes, the bleeding continues and you soon realize that band aid did nothing.
The virus is resulting in a demand problem (just beginning to unfold), first and foremost, followed by a supply problem.