Preventing ‘Mass Extinction,’ Arbitrary Arrests, Soybeans And $700 Apples

Preventing ‘Mass Extinction,’ Arbitrary Arrests, Soybeans And $700 Apples

Global equities loitered near their post-March peaks on Wednesday, as those not on vacation (or not able to vacation due to some manner of second-round quarantine) patiently wait to hear from Jerome Powell, whose marquee speech for this week's virtual Jackson Hole symposium presents the biggest event risk. Germany extended Kurzarbeit (subsidies for the jobless which kept millions on payrolls this year as well as during previous crises) at a cost of €10 billion. The assistance will now run thr
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3 thoughts on “Preventing ‘Mass Extinction,’ Arbitrary Arrests, Soybeans And $700 Apples

  1. When a country (or the world for that matter) calls for force majeure Kurzarbeit or something similar looks to be an acceptable answer to a massive disruption of the country’s economic structure. It sure would have saved a hell of a lot of grief on Main Street. Maybe in the future the new House Reps and Senators will not be as mired in corruption and pigheadedness and will come up with an American version.

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