Larry's Blog
Just an Interesting Covid-19 Coincidence… or Perhaps Not?
March 25, 2020
As one scans through the list of particularly hard-hit countries from the coronavirus pandemic, a correlation can be observed with targets of President Trump’s scorn. China, the principal object of America’s tariff war, was the location of patient zero, and President Trump has insinuated that China is to blame for the pandemic. China itself has […] More
Central Bank Watch
Central Bank Rate Cuts in Mexico and Albania
March 25, 2020
Given the flurry of inter-meeting central bank interest rate cuts during the Covid-19 pandemic, some moves have slipped initially under the radar. The Bank of Mexico overnight interbank rate had been already cut by 150 basis points since last August. At an emergency Governing Board meeting last Friday, the policy rate was sliced by a […] More
New Overnight Developments Abroad - Daily Update
U.S. Fiscal Deal Gives Stocks Only Brief Lift
March 25, 2020
Today will be a very important day to watch U.S. stocks. There has yet to be two consecutive up sessions since the market peaked in mid-February. The big overnight news was a tentative accord between President Trump and the U.S. senate on a $2 trillion fiscal stimulus, which moves next to a full-senate vote today. […] More
