...we are at the end of a major economic and social cycle...from this moment on, everything is uncertain whether it is your personal health, the stock market or the economy.
So, to summarize, in our K-shaped world some still hum ‘Wannabe’ daily, and not in any ironic way, and others are air-guitaring their way through ‘War Pigs’ to try to find a way to satisfy.
"The market is somehow uninspired following recent central bank meetings. It is waiting for the next support step, be it from their side or regarding the U.S. fiscal program to be agreed finally."
Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to discuss the latest in markets, macro, and coronavirus. They discuss how the results of…
The first scenario—the "severely adverse"—features the unemployment rate peaking at 12.5% as GDP declines about 3% from the third quarter of 2020 through the fourth quarter of 2021
A former JPMorgan trader became the second person to be sentenced to eight months in prison for his role in a global foreign-exchange bid-rigging scheme.
"When we’ve asked associates, the overwhelming majority say their hourly wages are the most important part of their pay, well ahead of quarterly bonuses."
"...the world is going to reject the dollar standard... When the Fed creates a phony recovery by levering everybody up with debt, they can’t remove the debt. You can’t prop the economy up and then remove the prop... ”
