Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash by Nick Corbishley • Apr 19, 2020 • 102 Comments A curious phenomenon.
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries by Nick Corbishley • Apr 14, 2020 • 52 Comments Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling by Nick Corbishley • Apr 13, 2020 • 149 Comments Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.
Construction Activity Plunges in Germany, France, & Italy by Nick Corbishley • Apr 7, 2020 • 33 Comments And construction companies “aren’t expecting a swift recovery.”
Preparing for the Aftermath: China’s Airlines Try to Exit Crisis, Alitalia is Nationalized, Qantas Plans 21-Hour Direct Flights by MC01 • Apr 6, 2020 • 53 Comments The situation is very fluid.
Lockdown Hits UK Commercial Real Estate, Retail Landlords & Their Investors: Most Property Mutual Funds Suddenly “Gated” by Nick Corbishley • Apr 5, 2020 • 101 Comments Never before have so many property funds shut the doors on so many property investors.
CoronaWar Battlegrounds: New York Leads in Growth, Minnesota Bends it Best. California Hot Spots v. Italy & South Korea. Pain in Spain by Wisdom Seeker • Mar 28, 2020 • 215 Comments Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout by Nick Corbishley • Mar 25, 2020 • 79 Comments During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.
After Epic “Run on the Funds,” 10 More Real Estate Mutual Funds Shuttered as COVID-19 Batters UK Property Values by Nick Corbishley • Mar 20, 2020 • 83 Comments Triggered by the belated realization of the risks in mutual funds that offer daily liquidity but invest in illiquid assets.
European Banks Face Financial Crisis 2, Shares Hit 1988 Lows by Nick Corbishley • Mar 18, 2020 • 52 Comments The ECB promises to “monitor markets closely.” Then it came out with a new bond buying binge.
