- U.S. Debt to Surge Past Wartime Record, Deficit to Quadruple – Bloomberg
- How Bad Might It Get? Think the Great Depression – Noah Smith
- Negative Oil Prices – Econbrowser
Month: April 2020
Tuesday’s links
- Wealthy Mortgage Borrowers Face Cold Shoulder From Lenders – Bloomberg
- JPM’s Kolanovic says S&P will be back to record highs by 2021 – Heisenberg
- The Global US Dollar Liquidity Cycle – Julius Probst
Monday’s links
- US oil price below zero for first time in history – Financial Times
Sunday’s links
- Five pros who say the new bull has legs – Bloomberg
- Bets against market rise to highest level in years – WSJ
- Mind the gap between the markets and the real economy – Financial Times
- It’s time to build – Marc Andreessen
Friday’s links
- Where Are Stocks Headed? – Stephen Brennan at Alhambra
- Kelton: ‘They’re going to have massive deficits. And it’s fine’ – Financial Times
Wednesday’s links
- The world economy is now collapsing – Martin Wolf via Financial Times
- The market for private U.S. mortgages is teetering on the brink of collapse – BNN Bloomberg
Tuesday’s links
- Coronavirus-Afflicted Global Economy Is Almost Certainly in Recession.
Severity unmatched since Great Depression, according to IMF outlook – WSJ - America Is Returning to 1781 – Tyler Cowen on Bloomberg
Friday’s links
Thursday’s links
- Both the US and the UK launched new facilities to add more liquidity to markets, even as the S&P 500 Index is up over 25% since its March 23rd low (just over two weeks ago):
- The Fed just threw another “kitchen sink” at the markets (h/t Jim Bianco)
- new SPV to buy $500B of munis
- will buy junk now (if downgraded after March 22)
- will buy junk ETFs (now HYG)
- will buy PPP and CARES loans
- expanded existing SPVs
- HM Treasury and Bank of England announce temporary extension of the Ways and Means facility
- The Fed just threw another “kitchen sink” at the markets (h/t Jim Bianco)
- The next financial crisis: A collapse of the US mortgage system – Politico
- We are at a critical juncture for the market – Gavin Baker on Twitter
- Bond market turmoil echoes LTCM hedge fund collapse – John Authers on Bloomberg