All eyes are on China to see how air transport will change in the aftermath of the crisis.
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
No one has ever seen anything like this.
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.
In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
S&P made up for its tardiness by downgrading the CMBS in one fell swoop by 9 notches from AAA to BBB-, just one notch above junk.
Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the losses.