As the COVID-19 epidemic in China crept into the headlines in early January, the economic uncertainty sent Oil down a modest $10/barrel into the $50’s. When the virus broke out in Europe and the US in late February, the evolving pandemic finally rang alarm bells and crushed Oil consumption forecasts,…
Like a balloon under water, the stock market zoomed higher on unmanned algorithmic trading by 20% this past week on a trifecta of Monetary, Fiscal and Executive actions indicating our economy will not be allowed to fail. The first salvo was fired by the Federal Reserve Bank on March 22nd…
There are lies, damn lies and statistics, as the saying goes. Regarding China, the data implies they have lied about their statistics, yet there is evidence the COVID crisis in China is indeed mostly over as they claim. It’s inconceivable that a country of 1.4 Billion people who waited almost…
When the global pandemic was just beginning to spread outside of China in early February, most expected multiple Federal Funds Rate cuts. However, nobody expected interest rates to yield so quickly to fear from the COVID-19 virus. Despite a massive 150 basis point cut in Fed Funds from 1.5% to…
Governments around the world have mandated a deep global recession! To better nuance such a preposterous sounding statement we would say the US and all Governments fear the COVID-19 virus more than an economic contraction and have determined that the only way to slow this pandemic is to severely restrict…
© 2020 Exec Spec. All Rights Reserved.
