-What would Keynes do? -Trump intervention, Chinese buying spree, gives markets a push. Trump giveth and Trump taketh away. A presidential warning on the possible US death toll from COVID-19 spooked markets early Wednesday, though his let’s-make-a-deal comments on oil production sparked a major rally some 24 hours later. With large swathes of the US … More The Daily Dose
-COVID-19 claims its first corporate casualty -US could lease space in strategic reserve. A dour warning from US officials about the sweeping impact of the coronavirus put broader markets in a tailspin on Wednesday. The US president has finally come to terms, it seems, with the severity of the situation, while the nation’s top health … More The Daily Dose
-Russia has a fortress economy -TC Energy Corp. marches forward while Shell steps back. Vague statements from the White House and the Kremlin on the state of affairs in the oil market gave crude oil prices a lift in early Tuesday trading. Right-leaning lawmakers in the United States have been pressuring Saudi Arabia and Russia … More The Daily Dose
The GERM Report 