Records Continue Being Broken From This Global Collapse

Thursday, April 30, 2020
By Paul Martin
April 30, 2020

As the world continues to grapple with economic implosion, records continue being broken from this global collapse.

Records Continue Being Broken From This Global Collapse
April 30 (King World News) – Peter Boockvar: The discrepancy between the stock market and the US Treasury market is glaring again just as we’ve seen before. I believe the stock market seems to be mostly focused on the direction of the economic improvement that will come with a reopening while the Treasury market is likely more focused on the degree of that improvement.

… After the Fed touted all the tools that they’ve unleashed while Jay Powell reminded the fiscal authorities of their importance here, ECB President Lagarde today is likely to take the same approach. After also sharply increasing the size of their balance sheet with many hundreds of billions to go (they will add about 1 Trillion euros on this go around), Lagarde will again press governments for more fiscal help. We’re getting it but it will be her way of saying there is only so much the ECB can do.

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