The Viral Demand Shock Goes Global

UBP
By March 18, 2020 14:30

The Viral Demand Shock Goes Global

  • The 2002-2003 SARS outbreak framework that most, including ourselves, were drawing upon to anticipate the trajectory of the COVID-19 coronavirus outbreak requires an adjustment following the failure of authorities to contain the contagion to the Asian continent.
  • While an extended economic demand shock is itself problematic, the potential for a damaging credit shock as a second round effect should not be underestimated by investors. Even modest credit shock scenarios risk a further 15-30% decline in regional equities.
  • Recent central bank rates cuts are a necessary step but are not themselves sufficient to avoid a credit shock. Instead, timely and aggressive fiscal stimulus is needed

 

UBP
By March 18, 2020 14:30

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"The Bumpy Road to a “Day After” Renaissance" -> https://www.opiniopro.com/2020/07/amundi/the-bumpy-road-to-a-day-after-renaissance/

Aanstaande donderdag 9 juli 13:00 is het webinar 'Asset Allocatie Consensus Online'. We gaan met Hans Stegeman en William de Vries @TriodosIM in op ESG en impact beleggen. Aanmelden kan via: https://www.alpharesearch.nl/event/asset-allocatie-consensus-online-juli-2020/

"Road to Recovery" -> https://www.opiniopro.com/2020/07/opiniopro-selection/road-to-recovery/ #recovery #credit #monetarystimulus #spreads

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