1) Mexico's medium term economic growth prospects have materially weakened; 2) The continued deterioration in Pemex's financial and operational standing is eroding the sovereign's fiscal strength; 3) Weakened policymaking and institutional capacity
"With containment or lockdown measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March."
Since the government does not have a magical tree of plenty and can only redistribute from the left pocket to the right by taxing, borrowing, or printing money, how does this make any economic sense...
The Fed is, in effect, a lawless economic government unto itself... The Fed is now the Infinite Bank. It is run by televangelists, not bankers, and operates on faith...
With the outbreak of COVID-19 being unlike anything seen before in our lifetimes, the resulting economic damage is starting to enter unprecedented territory as well.
Companies given equity injections by EU member states as a result of the coronavirus will not be allowed to pay out dividends, buy back shares or provide bonuses or similar remuneration.
