Econobits.com

Monday, March 9, 2020

A dozen years after the 2008 recession, a different kind of debt threatens the world economy

https://www.nbcnews.com/business/economy/dozen-years-after-2008-recession-different-kind-debt-threatens-world-n1151801

Sunday, March 8, 2020

Oil now a ‘bigger problem for markets than the coronavirus,’ analyst says

https://www.cnbc.com/2020/03/08/oil-a-bigger-problem-for-markets-than-the-coronavirus-after-opec-deal-collapse.html

OPEC+ oil-deal failure may lead to $30 oil prices

http://www.marketwatch.com/story/opec-oil-deal-failure-may-lead-to-30-oil-prices-2020-03-06

Putin Dumps MBS to Start a War on America’s Shale Oil Industry

https://www.bloomberg.com/news/articles/2020-03-07/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry

Russia Yanks A Leg From U.S. Shale’s Three-Legged Stool

https://www.forbes.com/sites/davidblackmon/2020/03/07/russia-yanks-a-leg-from-us-shales-three-legged-stool/

Saturday, March 7, 2020

Saudis Plan Big Oil Output Hike, Beginning All-Out Price War

https://www.bloomberg.com/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war

Lebanon in “final hours before” declaring it cannot pay its debts-senior MP

https://www.cnbc.com/2020/03/07/reuters-america-lebanon-in-final-hours-before-declaring-it-cannot-pay-its-debts-senior-mp.html

U.S. oil plunges 10% and books biggest daily loss in more than 5 years as OPEC+ talks collapse

http://www.marketwatch.com/story/oil-down-sharply-as-russia-resists-additional-opec-production-cuts-2020-03-06

Rosengren Says Fed Should Consider a Wider Range of Assets

https://www.bloomberg.com/news/articles/2020-03-06/rosengren-says-fed-should-be-able-to-buy-a-wider-range-of-assets

U.S. Coal Use Is Plunging at Fastest Rate Since Eisenhower Era

https://www.bloomberg.com/news/articles/2020-03-05/u-s-coal-use-is-plunging-at-fastest-rate-since-eisenhower-era

Airlines are burning thousands of gallons of jet fuel flying empty 'ghost' planes so they can keep their flight slots during the coronavirus outbreak

https://www.businessinsider.com/coronavirus-airlines-run-empty-ghost-flights-planes-passengers-outbreak-covid-2020-3

Friday, March 6, 2020

Fed quarantines U.S. dollars repatriated from Asia on coronavirus caution

https://www.reuters.com/article/us-health-coronavirus-fed-dollars-idUSKBN20T1YT

Job growth smashes expectations for February as unemployment falls back to 3.5%

https://www.cnbc.com/2020/03/06/us-jobs-report-february-2020.html

‘Policy failure is here’: Deutsche Bank warns central banks appear helpless to stop coronavirus recession

https://www.rawstory.com/2020/03/policy-failure-is-here-deutsche-bank-warns-central-banks-appear-helpless-to-stop-coronavirus-recession/

Coronavirus is scaring company insiders into selling their shares — fast

http://www.marketwatch.com/story/coronavirus-is-scaring-company-insiders-into-selling-their-shares-fast-2020-03-06

Oil Falls to More-Than 2 Year Low as Russia Balks at OPEC+ Cuts

https://www.bloomberg.com/news/articles/2020-03-06/oil-holds-near-50-while-markets-wait-on-russia-response-to-cuts

Silicon Valley’s top investing firm has a stark message on coronavirus: Prepare for the worst

https://www.vox.com/recode/2020/3/5/21166839/sequoia-capital-coronavirus-silicon-valley

Key Trump adviser claims tax cuts will still pay for themselves even as coronavirus drags on US economy

https://www.businessinsider.com/mnuchin-tax-cuts-will-pay-for-themselves-coronavirus-trump-economy-2020-3

Thursday, March 5, 2020

Oil consumption just fell off a cliff. OPEC is facing a huge test

https://www.cnn.com/2020/03/04/business/oil-prices-opec/index.html

Here's how one expert says the Fed's emergency rate cut could create a toxic situation where higher prices conflict with coronavirus-stricken growth

https://www.businessinsider.com/fed-emergency-interest-rate-cut-effects-stagflation-us-coronavirus-growth-2020-3

Wednesday, March 4, 2020

For First Time in 150 Years, World's Benchmark Bond Is Sub-1%

https://www.bloomberg.com/news/articles/2020-03-03/the-first-sub-1-treasury-bond-yield-in-150-years-of-trading

The Fed has one more surprising way to jolt the economy

http://www.marketwatch.com/story/the-fed-can-jolt-the-economy-in-one-other-way-2020-03-04

Trying to Shock Stocks With Emergency Cuts Usually Falls Short

https://www.bloomberg.com/news/articles/2020-03-03/trying-to-shock-stocks-with-emergency-cuts-usually-falls-short

Central banks have ‘far less ammunition’ to save the global economy from coronavirus

https://www.cnbc.com/2020/03/04/coronavirus-federal-reserve-other-central-banks-cut-interest-rates.html

Tuesday, March 3, 2020

CNBC’s Jim Cramer ‘now more nervous’ about coronavirus tanking the economy

https://www.rawstory.com/2020/03/cnbcs-jim-cramer-now-more-nervous-about-coronavirus-tanking-the-economy/

Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus

https://www.bloomberg.com/news/articles/2020-03-03/fed-cuts-rates-half-point-in-emergency-move-amid-spreading-virus

Food, beverage industries worry U.S. will run out of sugar this year

https://www.upi.com/Top_News/US/2020/03/03/Food-beverage-industries-worry-US-will-run-out-of-sugar-this-year/5241583181465/

The Fed can't rate cut the economy out of a coronavirus panic

https://www.washingtonexaminer.com/opinion/the-fed-cant-rate-cut-the-economy-out-of-a-coronavirus-panic

How the Coronavirus Will Show Up in U.S. Economic Indicators

https://www.bloomberg.com/news/articles/2020-03-03/how-the-coronavirus-will-show-up-in-u-s-economic-indicators

Coronavirus pandemic and US recession aren’t yet priced into markets, fund manager says

https://www.cnbc.com/2020/03/03/threadneedle-coronavirus-pandemic-us-recession-not-yet-priced-into-markets.html

Monday, March 2, 2020

The Coronavirus Is A Supply-Side Shock

https://seekingalpha.com/article/4328640-coronavirus-is-supply-side-shock?utm_source=smartnews.com&utm_medium=referral

Reinstating this old trading rule would help the market more than a rate cut, Leon Cooperman says

https://www.cnbc.com/2020/03/01/leon-cooperman-reinstating-this-trading-rule-would-be-more-powerful-than-a-fed-rate-cut.html

JPMorgan, Citi and Goldman Sachs all believe there hasn’t been enough pain to call a bottom yet

https://www.cnbc.com/2020/03/01/jpmorgan-citi-and-goldman-sachs-all-believe-there-hasnt-been-enough-pain-to-call-a-bottom-yet.html

Negative U.S. Yields in Sight as Virus Spurs Recession Bets

https://www.bloomberg.com/news/articles/2020-03-01/negative-u-s-yields-are-in-sight-as-virus-spurs-recession-bets

China purchasing indexes sink to record lows as coronavirus epidemic hits economy

http://www.marketwatch.com/story/china-purchasing-indexes-sink-to-record-lows-as-coronavirus-epidemic-hits-economy-2020-02-29

Sunday, March 1, 2020

Russia's Putin says current oil prices acceptable

https://www.reuters.com/article/us-china-health-russia-oil-idUSKBN20O1HD

Trump Administration's Coronavirus Response is 'Worsening Market Fears' Says Expert

https://www.newsweek.com/donald-trump-coronavirus-china-democrats-1489840

World Health Organization chief: Global markets need to stop panicking over coronavirus

http://www.marketwatch.com/story/world-health-organization-chief-global-markets-need-to-stop-panicking-over-the-coronavirus-2020-03-01

Middle Eastern Stocks Plunge as Oil Gets Hammered by Coronavirus

https://www.bloomberg.com/news/articles/2020-03-01/middle-eastern-stocks-plunge-as-oil-gets-hammered-by-coronavirus

A $30 Oil Price Is the Real Virus Threat to OPEC

https://www.bloomberg.com/view/articles/2020-03-01/a-30-oil-price-is-the-real-virus-threat-to-opec
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