“…the response evolves initially from under-reaction, then overreaction and then converges closer to an optimal response.”
Day: March 24, 2020
Find Me A Sharpie, PTJ.
“I think Easter Sunday — you’ll have packed churches all over our country”.
Nomura’s McElligott: The Fed Is Now ‘Chief Risk-Taker And CIO’ (And Other Fun Market Notables)
So much to backstop, so little time.
Here’s What It Looks Like When Everyone Frontruns Jay Powell’s ETF Buying…
A $1 billion one-day flow bonanza.
PMIs Show US Economy ‘Decimated’ In March. Kudlow Says Trump May Reopen America Within Weeks
“…that doesn’t mean we’re going to walk away from advice of health experts”.
The Not-So-Great Coronavirus Debate Rages On: Kill The Global Economy To Save Lives?
“…but the faster the virus stops, the quicker and stronger the recovery will be.”
European Economy Suffers Catastrophic Hit From Virus Measures, March Data Shows
“…far exceeding that seen even at the height of the global financial crisis.”
Hope Floats.
“…a key lesson is that major wars are staggeringly expensive.”
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