"Markets have taken a step back because the authorities won’t do any major stimulus until they are completely sure the virus has stopped, because there’s no point in doing it when people are sitting at home."
Anyone expecting the coronavirus pandemic to hit regional Fed surveys following the recent plunge in the Chicago PMI was in for a disappointment this week.
"The primary surplus that would be needed to reduce public debt and gross financing needs to levels consistent with manageable rollover risk and satisfactory potential growth is not economically nor politically feasible."
...mild weather played a role in both the December and January readings... supporting construction in months that typically slow homebuilding in areas like the Northeast.
Some of the funds went to a former WWE wrestler who was allegedly being paid to give classes on drug abuse. In reality, the money was paying for the wrestler’s own posh drug rehab.
And here we are now after 10 years of negative rates, zero rates, bank and sovereign bailouts - maybe the invisible hand of the banking system is finally re-emerging.
"I found Evergrande's promotion ad on WeChat moments and the incentives are quite attractive. I cannot remember such large discounts a Chinese developer offered in recent years."
