"...we can live in an economy based on consumption and debt without having to save or produce. The world has done that for us. And I think this is what’s going to come to an end."
Is this divergence sustainable or are U.S. stocks due to give back a good deal of their significant outperformance now that U.S. assets are no longer a relative bargain?
The period of European sovereign crisis saw the introduction of TLTROs, and usage increased to €1.26 trn. With today’s auction, usage has risen to €1.57 trn, the highest on record.
S&P futures slumped on Thursday alongside European stocks as investors weighed the latest reports about fresh outbreaks of the coronavirus in China and America ahead of a weekly jobless claims report.
The Bank of England has decided to pump an additional £100bn into the UK economy in a move designed to maintain extremely low government borrowing costs.
On Wednesday Europe’s largest banks resumed plans to cut thousands of jobs after putting dismissals on hold to "show support" for employees after the pandemic spread across the continent.
Senior editor Ash Bennington joins Tommy Thornton, founder of Hedge Fund Telemetry, to discuss the latest in markets, macro, and coronavirus. Thornton argues…
"After discussions with the Staff, sales under the ATM Program were promptly suspended pending further understanding of the nature and timing of the Staff’s review. The Company is not currently offering any shares under the ATM Program."
