-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
-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
-Wintershall suspends common dividend “until further notice.” -Are we in the world of Hobbes or the world of Rousseau? This is unknown territory for the global economy. US Treasury Secretary Steven Mnuchin warned lawmakers that unemployment could hit 20% without some sort of extraordinary stimulus package. Global isolation has cut off key sectors of the … More The Daily Dose
The GERM Report 