Weekend 04/04 & 04/05
‘Unprecedented’ Economic Contraction, But When Does It End? – forbes
Op-Ed: The US oil industry is more likely to be saved by a government bailout than by OPEC – cnbc
As COVID-19 deaths steady, Italy’s health minister eyes next phase – Reuters
Oil prices set to open lower due to Saudi-Russia row – Reuters
BoE won’t print money to fund UK fight against coronavirus – Bailey – Reuters
James Bullard: Expected US macroeconomic performance during the pandemic adjustment period – vox
The Recession Bread Lines Are Forming in Mar-a-Lago’s Shadow – Bloomberg
US jobs slump is just the tip of the iceberg – schroders
Evaluating the initial impactofCOVID-19 containment measures on economic activity – oecd
Warren Buffett’s Berkshire Hathaway sold $390 million worth of Delta and Southwest shares this week – businessinsider
Hundreds of thousands of workers have recently been furloughed—here’s exactly what that means – cnbc
A Nasty, Short and Bitter Recession – businesscycle
WWII veteran recovers from coronavirus just in time for 104th birthday: “I made it” – cbsnews
Coping with a dual shock: COVID-19 and oil prices – vox
Coronavirus and the economy: a Q&A with Keith Wade – schroders
Friday 04/03
Stocks slip as data shows China’s economy still hurting from Covid-19 – business live – guardian
In Major Reversal, Singapore Imposes Month-Long Lockdown As Asia Faces “Second Wave” Of COVID-19: Live Updates – Zerohedge
US stocks struggle as American job destruction accelerates – live – cnn
Global economy set for sharpest reversal since Great Depression – ft
How the Fed’s historic leap into buying corporate debt is working even before the purchases formally start – Marketwatch
March jobs numbers even sadder than the official report sounds – nyp
The Unemployment Rate Is Probably Around 13 Percent – nyt
Bonds & Stocks Sold After Fed Announces Another Taper In Bond-Buying – Zerohedge
“Unanticipated Shock” – Under Armour Lays Off 6,700 Workers, Stores Shuttered “Indefinitely” – Zerohedge
Goodbye V-Shaped Recovery: Morgan Stanley No Longer Expects Return To Normalcy Before End Of 2021 – Zerohedge
BofA: “QE vs Unemployment” Means Soaring Inflation Will Crush The Dollar – Zerohedge
The Angels Are Freefalling: Q1 Saw Record Downgrades To Junk And The Real Pain Is Coming – Zerohedge
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years As US Slides Into Depression – Zerohedge
The U.S. officially lost 701,000 jobs in March, but in reality millions vanished – Marketwatch
Singapore to shut businesses and schools for a month in drastic coronavirus shift – asianikkei
Eurozone economy suffers record fall in activity during March – markit
ITALY: COVID-19 pandemic leads to record drop in business activity – markit
Morgan Stanley forecasts 38% drop in second-quarter U.S. GDP – Marketwatch
When will U.S. economy bottom? Economists hunt for the right view – Reuters
Coronavirus likely ended record U.S. job growth in March – Reuters
China Frees Up $56 Billion for Lending to Coronavirus-Hit Businesses – wsj
Coronavirus: global trade braces for ‘tidal wave’ ahead, as shutdown batters supply chains – scmp
Singapore’s PMI drops to record low in March – Marketwatch
Chinese Service sector activity falls at weaker pace in March – markit
Thursday 04/02
Markets brace for surge in US jobless claims as Covid-19 hits economy – business live – guardian
Global Coronavirus Cases Edge Toward 1 Million As Deaths Surge In US & Europe: Live Updates – Zerohedge
Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History” – Zerohedge
CBO Reveals Apocalyptic Forecast: Expects -28% GDP, 10% Unemployment Rate – Zerohedge
Coronavirus cases hit ONE MILLION worldwide – dailymail
Fitch Downgrades 9 Retailers In One Day, Including Macy’s, Nordstrom And J.C. Penney – Zerohedge
Georgia Gov. Brian Kemp says he just learned that people who don’t feel sick can still spread coronavirus – Marketwatch
Four scenarios for the global economy after Covid-19 – ing
How can we save lives and the economy? Lessons from the Spanish Flu pandemic – weforum
Unprecedented Demand Destruction Marks The Return Of Crude’s Super-Contango – Zerohedge
US Auto Sales Plunge To Lowest In A Decade, But The Worst Is Yet To Come In Q2 – Zerohedge
Oil stocks soar after President Trump’s tweet of coming Saudi, Russia production cuts – Marketwatch
New York City Current Business Conditions Plunges To Lowest Reading On Record – Zerohedge
US Factory Orders Disappoint In February… Before Lockdowns Even Began – Zerohedge
U.S. Jobless Claims Soar to Once-Unthinkable Record 6.65 Million – Bloomberg
A record 6.6 million seek US jobless aid as layoffs mount – ap
Jobless claims soar to record-breaking 6.648 million – yahoofinance
US weekly jobless claims double to 6.6 million – cnbc
“S&P500 Could Decline To 1,600” – Stocks Facing Worst Outlook Since 2008 – Zerohedge
China zeroes in on coronavirus patients with no symptoms as new infections rise – Reuters
Safeguarding governments’ financial health during coronavirus: Learning from past viral outbreaks – vox
Spanish Jobless Claims Rise by Most on Record in March – Bloomberg
Oil prices surge nearly 10% after Trump says Russia-Saudi feud can be resolved – Marketwatch
Global: Once we are out of this mess, the USD could be hammered – nordea
U.S. weekly jobless claims seen at record high – again – Reuters
China to Start Buying Oil for State Reserves After Crash – Bloomberg
Asian stocks slip as global recession looms – Reuters
China’s sharp manufacturing recovery means little if world in recession- asianikkei
Jobless claims will be huge, but millions more are expected from the ‘earthquake shaking the whole country’ – cnbc
Wednesday 04/01
Business Live – guardian
Coronavirus live updates: Virus hits spring home sellers, Spain suffers highest death toll yet – cnbc
Millions of jobless Americans to apply for unemployment benefits for second straight week – Marketwatch
Stock market news live: Dow drops 900+ points after Trump warns of ‘painful two weeks’ – yahoofinance
Here We Go Again: China Puts Entire County On Lockdown After New Corona Cluster Emerges – Zerohedge
IMF tells governments to buy failing companies and save economies – telegraph
Job losses in Europe and US hit financial crisis level – ft
Politicians are already calling for a 4th coronavirus relief plan. Here’s what could be in it – cnbc
The Fed Blows Biggest Bond Bubble Ever: March IG Bond Issuance Hits $271BN, An Absolute Record – Zerohedge
Fidelity shuts three money market funds to most new investors – Reuters
Small Businesses Lost Most Jobs Since Financial Crisis, ADP Reports – Zerohedge
Why the Global Recession Could Last a Long Time – nyt
“Apocalyptic April”: Trump Fails To End Oil Price War As Saudis Unleash Oil Tsunami On The World – Zerohedge
Euro zone factory activity crashed in March as coronavirus spread: PMI – Reuters
UK banks agree to scrap £8bn dividends amid recession fears – guardian
Chile´s central bank slashes interest rate, warns of ‘severe’ economic contraction – Reuters
Harvard’s Ken Rogoff: Virus crisis could be as bad as anything we’ve seen for 150 Years – fnlondon
Japan’s factory activity shrinks at fastest pace since 2009, new orders slump: PMI – Reuters
Why U.S. Housing Bubble 2.0 Is About To Burst – forbes
Asia’s PMIs paint grim picture for manufacturing – ing
Coronavirus paralyses S.Korea’s March factory activity – PMI – Reuters
The New York State unemployment office typically gets 50,000 calls a week. Last week, it got almost 8 million – businessinsider
Stocks fall, close out biggest quarterly drop since 2008 – Reuters
Insight on the Federal Reserve Purchasing of ETFs – ssga
Tuesday 03/31
China’s factories return to growth as Covid-19 restrictions ease – business live – guardian
US Reports 500+ Casualties In ‘Deadliest Day Yet’, Confirms Largest Jump In New COVID-19 Cases: Live Updates – Zerohedge
Gundlach Live Webcast: “A Tale Of Two Sinks” – Zerohedge
The Quarter-End Pension Rebalancing Is Over – Zerohedge
The Cheapest Way For Trump To Save US Oil – Zerohedge
Dow leads the decline in stocks. Dow posts worst Q1 ever. – forexlive
Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High – Zerohedge
Chicago PMI Corrupted By Global Supply Chain Collapse, National Economic Activity Collapses – Zerohedge
Cracks in municipal debt markets raise questions about future Fed action – yahoofinance
Goodbye to a nightmarish quarter – Reuters
Trump Calls For $2T Infrastructure Package In Phase 4 Stimulus – Zerohedge
Half a Million German Companies Ask for Wage Support for Workers – Βloomberg
Europe’s fresh food supply is being threatened by coronavirus – weforum
Fed Launches Repo Facility To Provide Dollars To Foreign Central Bank – Zerohedge
A post-coronavirus US will want a weaker dollar, whether the world likes it or not – scmp
Greater Depression? Shocking Images Show Horror Of America’s New ‘Breadlines’ – Zerohedge
U.S. spies find coronavirus spread in China, North Korea, Russia hard to chart – Reuters
China Shuts Down All Cinemas, As Scientists Fear Second Coronavirus Wave – Zerohedge
“Too Early & Still Too High” – Goldman Sees A Bear Bounce, Not A Market Turn – Zerohedge
“The Biggest Decline Ever”: Goldman Now Sees US GDP Crashing 34% In Q2 – Zerohedge
Goldman Sees U.S. Economy Contracting 34% in Second Quarter – Bloomberg
New euro zone ‘coronabonds’ body might take 3 years to set up- bailout fund head – Reuters
The US 2020 Fiscal Deficit Will Explode To 18%, Unseen Since World War II – Zerohedge
German unemployment rose in March but data does not reflect coronavirus impact – Reuters
Norway central bank further raises its purchase of crowns – Reuters
China’s PMI rebound is more likely the outlier than the template: Russell – Reuters
China’s service sector activity expands in March after virus shock – official PMI – Reuters
China factory activity unexpectedly expands, but economy cannot shake off virus shock – Reuters
Pandemic to hit growth in Asia, China: World Bank – Reuters
Japan’s factory output slows, plunge seen as virus grips economy – Reuters
Monday 03/30
Business Live – guardian
UN Proposes $2.5 Trillion Rescue Package For “Developing” Economies; Maryland Gov Issues ‘Stay At Home’ Order: Live Updates – Zerohedge
Monitoring Real Activity in Real Time: The Weekly Economic Index – nyfed
Larry Fink says economy will recover from coronavirus, ‘tremendous opportunities’ in markets – cnbc
U.S. commercial paper rates fall as Fed’s interventions take hold – Reuters
Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates – cnbc
Uncertainty will exacerbate economic impact of virus – Fed paper – Reuters
Orbán to rule by decree with new powers to ‘silence critics’ – euractiv
Sweden sees record number of people put on notice in March – Public Employment Service – Reuters
Dallas Fed Manufacturing Survey Crashes To Lowest Level Ever – Zerohedge
JPMorgan Says the Market Rout Is Probably Past Its Worst Now – Bloomberg
“This Is The Largest Economic Shock Of Our Lifetimes”: Goldman Sees Negative Prices Amid Oil Devastation – Zerohedge
FX Daily: Hard yards and legacy issues – ing
CFTC Quietly Bails Out Capital One – Zerohedge
European banks skid as ECB asks lenders not to pay dividends – Marketwatch
ING bank suspends dividend payments due to coronavirus outbreak – Reuters
U.S. stimulus package is biggest ever, but may not be big enough – Reuters
Singapore eases monetary policy sharply as virus heralds deep recession – Reuters
Asia shares suffer virus chills, central banks offer cold comfort – Reuters
China unexpectedly cuts reverse repo rate by most in five years to support virus-hit economy – Reuters
Graphic: Three months that shook global markets – Reuters
The Coronavirus Recession Deepens: ‘This Is Not A One-Quarter Event’ – forbes
FX weekly: Spraying the world with money instead of with disinfectant – nordea