-US complains it’s the target of economic war -IMF sees recovery by 2021 if policymakers can get it right Just as isolation forced parts of the economic machine to shut down, Russia seems to be left with no choice but to call for production cuts to stem the glut. Storage facilities are already approaching peak … More The Daily Dose
-US jobless claims came in a 3.2 million. Let that sink in. -The global economy is on war-time footing The economic crisis triggered by the coronavirus is an existential one. The chairman of the US Fed said Thursday the world’s largest economy may be in recession already, though it may be a voluntary recession to … More The Daily Dose
-For Russia, the coronavirus is the gift that keeps on giving -WoodMac sees pain spilling over to the clean energy sector There is some solace, perhaps, in stating that we’ve seen this movie before. Crude oil prices were on the rise in early Tuesday trading on signs of a return to normalcy in China and … More The Daily Dose
The GERM Report 