Friday, March 27, 2020

Op-Ed: Growth of government, corporate debt a Faustian bargain

https://www.cnbc.com/2020/03/27/op-ed-growth-of-government-corporate-debt-a-faustian-bargain.html

Coronavirus stimulus bill: Flight attendant union 'achieved something unheard of in American history'

https://finance.yahoo.com/news/coronavirus-stimulus-bill-flight-attendants-175324324.html

While the US Postal Service fights for its life financially, 2,000 of its workers are in quarantine and dozens have tested positive for the coronavirus

https://www.businessinsider.com/coronavirus-usps-employees-test-positive-2000-in-quarantine-2020-3

Fed's term repo operation receives no bids for first time

https://www.reuters.com/article/us-usa-bonds-repo-idUSKBN21E24P

Algorithms sped up selling, leading to the fastest bear market in stock market history

https://www.marketwatch.com/story/algorithms-sped-up-selling-leading-to-the-fastest-bear-market-in-stock-market-history-2020-03-26

Fed balance sheet hits record as Powell says there is no limit to lending power

https://www.marketwatch.com/story/fed-balance-sheet-hits-record-as-powell-says-there-is-no-limit-to-lending-power-2020-03-26

Oil Industry Braces for Biggest Idling of Wells in 35 Years

https://www.bloomberg.com/news/articles/2020-03-27/oil-industry-braces-for-biggest-idling-of-wells-in-35-years

32 Economists From Both Major Parties Sign Letter Urging U.S. Not to Open Country Prematurely

https://www.newsweek.com/32-economists-both-major-parties-sign-letter-urging-us-not-open-country-prematurely-1494352

'A generation-defining moment': Krugman, Roubini, El-Erian warn that the record 3.3 million unemployment claims are 'just the start'

https://www.businessinsider.com/unemployment-claims-millions-increase-economist-commentary-krugman-roubini-elerian-coronavirus-2020-3