Italy’s Economy Faces Great Recession
As COVID-19 spreads throughout the country and locks down much of the nation's business, Italy faces a worse downturn than a recession.
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Consumer Sentiment Dips Again as Consumers Fret Over Coronavirus
Consumer sentiment has continued to inch down as cases of coronavirus multiply in the United States.
Oil Price Shock on Top of Coronavirus Compounding Sovereign Credit Risks
Fitch Ratings has warned that the dual coronavirus and oil price shocks will put pressure on some sovereign credit fundamentals and potentially on their ratings.
Coronavirus and Oil War Shock: 6 New Ways the Fed and Government Can Support the Economy
Lessons of the Great Recession, terrorist attacks, natural disasters and other events in the past may hold some lessons for what central banks and the U.S. government could do beyond traditional interest rate cuts…
Coronavirus Brings More GDP and Earnings Downgrades With Added Recession Risks
The good news, at least for now, even considering the stock market bloodbath that has been seen, is that a recession is not already unavoidable.
Why the Market Is Ignoring a Very Strong Jobs Report
Why is a solid jobs report was being ignored early on Friday? Is the assumption that things are going to be much worse in a week, a month and maybe for much longer?
What Will Happen to Italy’s GDP?
No one questions that COVID-19 will spread considerably in Italy. The nation's gross domestic product, much of which relies on tourism, could be massively damaged this spring.
Modern History of Surprise Rate Cuts: Do They Actually Work?
Here is a list of the so-called emergency rate cuts made by the Federal Reserve in the modern era. There is even a surprise rate hike in there too.
Consumer Sentiment Index Shows Signs of Slowing Down
The Morning Consult consumer sentiment index has continued falling since Monday, but the rate of decline has slowed somewhat. Tuesday's Fed rate cut came too late to have any impact on the latest index…
Was the Emergency Fed Rate Cut for the Coronavirus Really a Nothingburger?
Sometimes the market demands economic stimulus above and beyond logic. Other times economic stimulus is exactly what is needed.
Consumer Expectations Fell 10 Times Faster Last Week Than in Prior 2 Weeks
Consumer research firm Morning Consult reported Monday morning that its consumer sentiment index fell sharply last week.
How the IMF Can Help Nations Suffering From the Coronavirus Outbreak
The IMF announced on Monday that the organization stands ready to help nations deal with the financial and health effects of the COVID-19 outbreak.
US Manufacturing for February Looks Weak, Unless Compared to China
Two fresh competing looks at U.S. manufacturing data for the month of February would be considered a mixed bag, aside from comparing the data to China.
OECD Global Growth Forecast Shrinks on Coronavirus Concerns
The OECD has chopped its forecast for 2020 global economic growth by half a percentage point. The coronavirus outbreak and its impact on China are the primary causes but other risks also exist.
Beyond Rate Cuts, 8 Non-Traditional Federal Reserve and Government Tools to Fight Coronavirus Economic Ruin
One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in…