After leaving the US Federal Reserve, former Chairman Ben Bernanke described his mindset during the global financial Crisis in terms of outside-the-box results: “We knew we had to step away from orthodox policies and bring new solutions to the table.
The measures being announced are more dramatic than they were after the Great Financial Crash The political agreement reached in the Senate on Tuesday night will probably result in a fiscal injection into the US economy worth $2 trillion, which
Man vs Nature: what the government can and cannot fix There are things the government can try and fix during a pandemic and other things which it can’t. In this note we highlight some of what we have added to
Russ discusses the importance of keeping perspective as we face an unprecedented crisis. “The habit of despair is worse than despair itself” Albert Camus There is no precedent, at least not in modern times, for what is happening. Beyond the
In the early hours of this morning, the U.S. Senate passed a 2.2 trillion USD stimulus bill to combat the devastating impact of COVID-19 and social distancing on the U.S. economy. These measures cannot prevent the economy from falling into
Insights on US Equities How Large‑Cap Stock Investors Can Adapt to a Slowing Economy While caution is warranted, cyclical opportunities exist. Q. How is the U.S. economic slowdown affecting large‑cap stocks? Joe Fath: I think the U.S. economy is showing
What has the Fed done?The U.S. Federal Reserve (Fed) has pulled out its alphabet bazooka in an effort to ensure sufficient liquidity and the smooth functioning of financial markets, while also providing credit to businesses that are affected by the
The Federal Reserve keeps at it: New supportive actions this week The Federal Reserve (Fed) on Monday announced new programs, with total buying power of USD300 billion, and enhanced existing ones to help support the economy and guide the markets
Beyond Bulls & Bears The US Federal Reserve continues to use whatever tools it can to help combat economic fallout from the coronavirus. Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income, calls its latest response “a whole new level”
LATEST INSIGHTS TO STAY ON TOP OF THE MARKETSCoronavirus research compilation Michael Cembalest presents his latest research on COVID-19, the U.S. election and other current events causing market volatility. Continue reading Shock, crisis, rinse, repeat Bob Michele, Global CIO and
As the COVID-19 coronavirus pandemic continues to shake markets, major efforts from Central Banks and governments around the world aim to curtail negative economic repercussions. Are we headed towards a recession? How are major asset classes faring? Experts from Mellon
BlackRock’s CIO of Global Fixed Income and Head of the Global Allocation Team weighs in on recent Federal Reserve policy moves and what they might mean for markets. In a dramatic move on Sunday evening the FOMC took a series
Uncertainty surrounding the magnitude and duration of the global health crisis is driving volatility and testing liquidity across the world’s financial markets. In addition to the supply chain disruption and demand destruction resulting from the coronavirus, an additional, and also
De voorbije week in een notendop De Amerikaanse economie creëerde 237.000 nieuwe jobs en deed het dus beter dan de verwachte +175.000. De cijfers betreen evenwel een periode waarin nog geen geval van het coronavirus in de VS was gemeld.
The volatility across markets has created considerable anxiety amongst investors trying to gauge the effectiveness of the healthcare response + the monetary response + the fiscal response. Given how varied the responses are by region and country, this may be
As the global economy grapples with the fallout from the coronavirus, markets are weighing the efficacy of emergency fed liquidity and expectations that the central bank will use its full range of tools. “The Fed’s goal in taking this action…
“Lockdowns” are becoming the norm when dealing with covid-19. They will trigger steep – if hopefully transitory – contractions in GDP. Business cash reserves are scarce in the US, but everywhere credit will need to flow to avoid second-round effects
Short Note | Major Markets | US Fed Yesterday evening, and thus only three days before the end of the next regular meeting, the US Federal Reserve lowered the range for the key interest rate by 100 basis points to
A déjà vu of 2008 in markets lately? Mike explains why we think the coronavirus shock should not spark a 2008-style crisis. The coronavirus outbreak is set to deliver a sharp and deep economic shock – akin to that of
Investment Note The U.S. Federal Reserve’s (Fed’s) announcement arrived roughly two hours after G7 finance ministers and central banks released a joint statement pledging to take additional action to support the economy and price stability. We now expect every major
A decisive and coordinated policy action is key to combat the economic fallout from the coronavirus outbreak. Mike explains why. Fears about the coronavirus and its hit to the economy have rattled stocks and sent government bond yields to record
TRADE: Though phase 1 of the US-China trade deal will go into effect on Feb. 14, the scope of the agreement is limited in its specifications. We expect enforcement to become a key focus going forward. Our base case remains
U.S. Treasury yields fell to record lows last week, led by shorter maturities. The yield curve steepened as a result. Plummeting yields supported positive total returns for all but the highest risk sectors. Markets now expect the Federal Reserve (Fed)
You have seen all of this before. If you have been in the business since 2008, you’ll understand that the Federal Reserve’s shock-driven inter-meeting rate cut of 50 basis points validates that we are officially in crisis mode. The last
Short Note US Fed The US Fed has taken the unusual step of cutting interest rates between two scheduled meetings of the FOMC. The range for the key interest rate was reduced by 0.5% to 1-1.25% yesterday. The reason given
Which financial assets are well positioned and which ones are at risk as policy-makers brace for major COVID-19-induced demand shocks? Find out more in this piece.
‘Whatever it takes’: Fiscal Edition -> https://opiniopro.com/2020/03/ubp/whatever-it-takes-fiscal-edition/ #CentralBanks #china #coronavirus #credit #crisis #ECB #fiscalpolicy #fomc #COVID19 via
@UBP_Group
Middle Market Direct Lending: Benefits of Pursuing Both Sponsored and Non-Sponsored Transactions -> https://opiniopro.com/2020/03/franklin-templeton/middle-market-direct-lending-benefits-of-pursuing-both-sponsored-and-non-sponsored-transac/ #Banks #Credit #lending via
@FTI_Global
Eye on the Market: Man vs Nature -> https://opiniopro.com/2020/03/jp-morgan/eye-on-the-market-man-vs-nature/ #centralbanks #Fed #fomc #government via
@jpmorgan
@JPMorganAM
Can the world economy “afford” this scale of fiscal and monetary stimulus? -> https://opiniopro.com/2020/03/opiniopro-selection/can-the-world-economy-afford-this-scale-of-fiscal-and-monetary-stimulus/ #CentralBanks #coronavirus #FED #fiscalpolicy #fomc #inflation #COVID19 via
@Opinio_Pro
