The unthinkable is the new thinkable https://t.co/DfcWTUtCJC
— Mike "Mish" Shedlock (@MishGEA) March 25, 2020
"Don’t forget that the other Central Banks now have to go to QE infinity as well. We are in the middle of a currency war and the dollar is still the world's reserve currency."
via @KeithMcCullough https://t.co/YLMuECfyta
— Hedgeye (@Hedgeye) March 25, 2020
Draghi: This is like a war and policy makers must mobilize accordingly
"The shock we are facing is not cyclical…. The cost of hesitation may be irreversible. The memory of the sufferings of Europeans in the 1920s is enough of a cautionary tale." https://t.co/RDuBBhT5DL
— Nick Timiraos (@NickTimiraos) March 25, 2020
US #highyield energy spreads continue to rise! Now at 2320 basis points (23.20%), implying a #default rate of roughly 40%. #oil pic.twitter.com/PZKX4SZUEf
— jeroen blokland (@jsblokland) March 24, 2020
Another volatile session for #stocks
Dow and S&P close up 2.4% and 1.1%, the first 2-day gain in 6 weeks and
Nasdaq fell 0.4% and the #VIX rose to 64.
Most notable thing about the bond #markets, and it's important: More normal functioning is being restored to the senior segments. pic.twitter.com/jdIOHKBbsE— Mohamed A. El-Erian (@elerianm) March 25, 2020
Draghi op-ed in @FT just dropped
"We face a war against coronavirus and must mobilise accordingly"https://t.co/G6wG9uDDZa pic.twitter.com/X52mR0ExWw
— Jonathan Ferro (@FerroTV) March 25, 2020
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero https://t.co/X2q1Tf4u9r
— HedgedIn (@noalpha_allbeta) March 25, 2020
We inflated a large bubble in commercial real estate. We never learn our lesson. pic.twitter.com/YajfwRtqqz
— Nick Walker (@nw3) March 25, 2020
V-shaped recovery? Me: pic.twitter.com/P179JmTzbg
— Volatility Quant (@VolatilityQ) March 25, 2020