Before 2020, we were watching massive monetary intervention for what they told us was no reason really, just a technical adjustment. The Repo Crisis is still going on today but it’s old news so nobody dares to cover it for lack of clicks and views. Fast forward to 2020 and we have witnessed a huge decline in the global economy at a rate not seen in a hundred years. And their response? We need to print more money. Oh that’s not a good sign.
The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far
IMF: global economy to contract with coronavirus recovery slow
https://www.cnbc.com/2020/06/24/imf-global-economy-to-contract-with-coronavirus-recovery-slow.html
IMF says global economic collapse caused by coronavirus will be even worse than feared – The Hour
https://www.thehour.com/business/article/IMF-says-global-economic-collapse-caused-by-15362593.php
IMF Global Recession Outlook: 2020 GDP Shrink 4.9% on Coronavirus – Bloomberg
WTO | 2020 Press Releases – Trade falls steeply in first half of 2020 – Press/858
https://www.wto.org/english/news_e/pres20_e/pr858_e.htm
Austria’s 100-Year Bond Pays 0.88% Interest. That’s Normal Now – Bloomberg
The Second Great Depression – The Atlantic
https://www.theatlantic.com/ideas/archive/2020/06/second-great-depression/613360/
Fitch Downgrades Canada’s Ratings to ‘AA+’; Outlook Stable
GNC Accelerates Store Optimization and Growth Strategies | GNC Holdings, Inc.
NYC Considers 22,000 Job Cuts to Save $1 Billion, Mayor Says – Bloomberg
U.S. Targets $3.1 Billion of EU and U.K. Imports for New Tariffs – Bloomberg