Global Economy

From bail-inable private sector capital to mandated reserves of essential goods, there’s a lot regulators can do to ensure economies can better cope with Covid-19 style shocks in the future.

A European Coronabond is being widely touted. But issuing it entails some massive political choices, argues Lorenzo Bini Smaghi. 

It’s going to get worse before it gets better. Beyond that, we’re dealing with a lot of unknowns. 

Central banks are supposed to offer counter-cyclical support in times of crisis. Macrofinance expert Daniela Gabor argues that when it comes to dollar swap facilities, central banks’ obsession with market discipline undermines that support.

Prepare for negative prices in some markets in the near term, but an inflationary oil shock in the aftermath.

It’s not just individuals who are in urgent need of debt moratoriums during the coronavirus. Some sovereign countries will need them too.

Redundant childminders and nannies could offer vital support to key worker families and ease the pressure on skeleton schools and nurseries. 

A proposal.

The bull who called the bottom in 2008 speaks on a topic almost no-one is focusing on.

Quick thinks: what happens when there’s no more storage available?

Act now and consider the future.

This time it’s not because money market dislocations are rippling into the real economy, but because the real world is rippling into the financial system.

They help. But there’s some big drawbacks here too such as the risk of the PBoC repo-ing its entire Treasury portfolio for cash.

New York manufacturers signal the worst outlook since 2009 in latest survey.

Was it as bad as markets thought? 

Time to mull the economic consequences of the disease.  

The European Central Bank really is there to close spreads. 

This time is different?

What are the implications?

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The data is in.

Government spending is the best medicine because it’s fast and targeted.

Declining handshakes; What it means to be a scouser; A solar flood; plus much, much more...

Debunking blockchain; Coronavirus tales; a French wine slump... Plus more. 

Super Tuesday; Albert Camus; Jack Welch; and more

Some quick takeaways from Grandmaster Jay’s post-cut presser.    

Governments can borrow cheaply. That could be a poor reflection of the longer term risks. 

Coronavirus tradeoffs; Valuing Beatles’s stuff; Walmart’s Amazon ambitions; plus much, much more...