It took $4T of government debt to get economic activity back to the worst levels of the great recession.
We have never been so dependent on monetary & fiscal stimulus. pic.twitter.com/OiqZo1LbRj
— Otavio (Tavi) Costa (@TaviCosta) November 3, 2020
Leading activity indicators show several signals of deterioration in economic activity and signs of a double-dip. pic.twitter.com/Wyk1ryK6rr
— Daniel Lacalle (@dlacalle_IA) November 5, 2020
ISM Services rolling over⚠️ pic.twitter.com/vT6Pg1sSnx
— Antonio Pérez-Algás (@apanalis) November 4, 2020
U.S. Commercial Real Estate Showing First Signs of a Thawt.co/EH4iJe1MQo #CRE #Realestate #realtor #cmbs #rmbs #economy #REIT #REITs #Apartments #Rent
ht SoberLook t.co/sKBK0bFHwo pic.twitter.com/mFrJYFq1I1— Mo Hossain (@MoHossain) November 5, 2020
Bezos sells more than $3 billion worth of Amazon shares t.co/oYzWem9C1k
— CNBC (@CNBC) November 4, 2020
#USA more testing narrative continues to collapse as the #2ndWave goes exponential due to irresponsible human behavior – the #HeraldWave is now in the history books #COVID19 #Pandemic #SARSCoV2 t.co/uEPZIVyJro
— TraderStef (@TraderStef) November 5, 2020
I think we will see a $2 trillion relief package no matter who is declared the winner & next year we will see far more fiscal & monetary expansion than anyone currently expects, regardless of who is president. The global bust & financial crisis will require a massive response.
— David Hunter (@DaveHcontrarian) November 4, 2020
U.S. Needs a ‘Really, Really Big’ Relief Package to Keep Its Economy Afloat, Says Paul Krugman
The U.S. may need several hundred billion dollars a month in “disaster relief,” Nobel prize-winning economist Paul Krugman said.
Fed Wants Low Profile but May Repeat That the Economy Needs Stimulus
Fed Chairman Jerome Powell is likely to reiterate the need for fiscal stimulus to help the economy recover.
BOJ Boosts JGBs Bond Buying on Thursday
The Bank of Japan (BOJ) ramped up its Japanese Government Bond (JGB) purchases in 1-3 years maturities by JPY500 billion vs. JPY420 billion previous, in its routine daily operation.
ECB’s Lagarde Promised Big Bazooka in December Amid Lockdown 2.0
…A visible upset Lagarde pointed out the ECB will never be out of tools because of its unique ‘innovation’; it can create new tools and recalibrate existing tools.
Bank of England Boosts Bond Buying of $1.2 Trillion as New Coronavirus Lockdown Begins
Along with maintaining its main lending rate at 0.1%, the Bank of England’s (BOE) Monetary Policy Committee (MPC) also voted to expand its target stock of asset purchases to £895 billion ($1.2 trillion).