All insights
More Shock and Awe But One Thing is Missing
The authorities are now rapidly promising huge aid packages, but how do these aid packages find their way to the people that need aid? This is what is missing
Recession – but for how long?
In the last few days the World Health Organisation has declared COVID-19 a global pandemic, the Italian government has imposed a nationwide lockdown on 60 million people, and President Trump has banned all travel to the US from Schengen Area European countries for 30 days.
Italian Mortgages, Natwest and COVID-19
We noted with interest two headlines yesterday: Italy to suspend mortgage payments amid outbreak and RBS and NatWest offer mortgage breaks for customers affected by coronavirus
Bank Of England Announces “Big, Big Package”
Our take on all of this is that the central bank has acted in a very targeted and timely way, adding large volumes of liquidity at even lower rates, along with significant capital to the banking system.
What Next For Bonds After 'Capitulation Day'
Monday was one of those days investment professionals will remember all their lives, and compare with similar standout days from the past.
Coronavirus Predatory Pricing is an ESG Red Flag
Companies, even earnings pressured ones, now need to seriously consider the negative impact on their long term cost of capital from short term decisions to shore up P&L.