#recession … #Eurodollar #Futures edition
50 bps and/or emergency #Fed #RateCuts are a sign of desperation that produces the #BullSteepening that heralds the #recession. https://t.co/Ht0FtF8VGY
— Invariant Perspective (@InvariantPersp1) February 28, 2020
Central banks will cut rates and inject more liquidity. However, believing this will boost investment and growth is ludicrous.
If you are worried about the impact of coronavirus on the economy with ZIRP, negative rates will not make you invest or consume more. The opposite pic.twitter.com/jEqEup6Wgi
— Daniel Lacalle (@dlacalle_IA) February 28, 2020
There is also a 100% probability that the coronavirus will not care what the Fed does. pic.twitter.com/GjYAhif7cA
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) February 28, 2020
.@jimcramer: It's a biological crisis, it is not a financial crisis. I don't care what the Fed does…they could cut rates to zero and it doesn't mean a damn!@CNBC @carlquintanilla @davidfaber pic.twitter.com/XH8N3bQOgC
— Squawk on the Street (@SquawkStreet) February 28, 2020
“Investors are selling stocks first and asking questions later. We are seeing signs of pure liquidation. ‘Get me out at any cost’ seems to be the prevailing mood.’” https://t.co/ftVjiEmryj
— Lisa Abramowicz (@lisaabramowicz1) February 28, 2020
Powell statement: “We will use our tools and act as appropriate to support the economy” pic.twitter.com/ABWe7U4tlh
— Nick Timiraos (@NickTimiraos) February 28, 2020
About a month ago 60% of the $1.2T in outstanding US #leveragedloan debt was priced at 100 or better. A week ago it was 38%. After today just 10% of that debt is priced at par #COVID19US #economy pic.twitter.com/1PcVaWjzbU
— Leveraged Loans (@lcdnews) February 27, 2020