Because what better way to treat a public health crisis than by throwing funny money at everyone? The ECB has lost what little mind it had left. https://www.zerohedge.com/geopolitical/futures-spike-after-germany-yanks-debt-break-berlin-temporarily-suspend-limit-public #news #coronavirus #economy #banking #money
Lagarde must be thrilled...
zerohedge.com
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Schumer preparing emergency spending pkg for coronavirus funding totaling $8.5 Billion.— Chad Pergram (@ChadPergram) February 26, 2020
twitter.com
#Government response at its worst: Chuck Schumer thinks he can stop #coronavirus by throwing taxpayer dollars at it. $8.5 billion of wasted money would probably accelerate the spread of the disease. https://mobile.twitter.com/ChadPergram/status/1232663454785441792 #news #COVID19 #pandemic
And that's largely without the impact of the coronavirus.
For some industries, such as global car sales, #coronavirus is making an already bad situation much worse. The #pandemic is more catalyst than cause. https://www.zerohedge.com/economics/french-car-market-slammed-18-adding-global-auto-industry-meltdown #news #economy #COVID19
"It's not just looking at things still depressed. It's looking at where the bottom is and are we starting to march our way upward?"JP Morgan Chase global economist Joseph Lupton said.
cnbc.com
An optimistic prediction for #China in the aftermath of #coronavirus. It all hinges on China getting back to work. As of this morning, that has not happened. The longer the shutdown the longer recovery will take for everyone. https://www.cnbc.com/2020/02/26/jpmorgan-china-gdp-up-15percent-in-q2-after-negative-coronavirus-driven-q1.html #news #economy #pandemic
