Eurozone: Italy, Spain, portugal sovereign bond yield spreads widen despite massive ECB repurchases.
Very far away from 2011 levels, though. pic.twitter.com/ccGZ3mP3rg
— Daniel Lacalle (@dlacalle_IA) May 7, 2020
We're now measuring "worst-slump" statistics in centuries. t.co/pHpZcOtVgf
— Carl Quintanilla (@carlquintanilla) May 7, 2020
every data will be like this from now…
italy retail sales mom pic.twitter.com/SVRgFeSLU2
— Alessio Urban (@AlessioUrban) May 7, 2020
OUCH! German Industrial Production had historic plunge in March. Total industrial output – comprised of output in manufacturing, energy and construction – crashed 9.2% in March from Feb. Industrial output fell 11.6% YoY. pic.twitter.com/8D0ApYmP1p
— Holger Zschaepitz (@Schuldensuehner) May 7, 2020
UK slump could be the worst in recent history.
The key is how will it recover.
That is why it needs supply-side measures urgently. pic.twitter.com/i9tFRS4DAU
— Daniel Lacalle (@dlacalle_IA) May 7, 2020
Time spent in parks across countries.
The Nordics have figured out the virus is not spreading fast, if people are just outside (pretty evident since the spread i decently contained in all four countries).
In Denmark, parks are de facto fitness centers and pubs currently. pic.twitter.com/X4lXUU19kH
— AndreasStenoLarsen (@AndreasSteno) May 7, 2020