Rally Mode.
“At the moment nothing seems to tire this equity market”.
“At the moment nothing seems to tire this equity market”.
€500 billion will be in the form of grants.
What happens after that? How do you sort that out? Spoiler alert: You can’t.
“There is… no limit to what we can do with these lending programs”.
“The recovery began with the cautious lifting of the lockdown at the beginning of May, but…”
The virus has other ideas.Â
Wary, weary or just ambivalent…
Let us count the concerns, shall we?
“This matter should be handled by scientists.” Also, “there’s always a first time for everything.”
“The Bundesbank may thus no longer participate…”
“Today, borrowing is voluntary, at least for countries with sovereign currencies.”
“… businesses that are able to restart will be running at low capacity, and will be operating in an environment of greatly reduced demand.”
“…a recession like the one we’re currently in is unprecedented.”
It wasn’t all good news, though.
“Whether the stimulus is remotely enough remains to be seen”.
“…I want people to say, we went through hell but we learned lessons.”
“An EM crisis is not an abstract possibility – it is the current reality”.
The “next shoe to drop”? Maybe not. And here’s why.
“The analogy is with an iceberg.”
“…recovering from this acute period in the outbreak is just the beginning, not the end”.
“…declines in services trade during the pandemic may be lost forever.”
“To make things more fair, he said, government should impose levies on nonprofit educational, arts and other institutions.”
There’s plenty to be concerned about. Or excited about, depending…
Toss out the old methods and say hello to the largest contraction since World War II.
Even a pandemic can’t heal old divisions.
I just don’t know anymore.
“One day at a time” is the mantra for now.
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