Archive for July 21st, 2020

Larry's Blog

Masks, Phones, Freedom and Public Safety

July 21, 2020

The politicization of  protective masks that cover one’s mouth and nose has been a strange and unexpected impediment against successfully managing the coronavirus pandemic. All but the best-made masks do not provide full protection against catching Covid, but wearing one has been shown to greatly prevent symptomatic and asymptomatic carriers of the pathogen from infecting […] More

Central Bank Watch

Hungary’s Central Bank Interest Rate Cut 15 Basis Points to 0.60%

July 21, 2020

Officials on the Monetary Council of Magyar Nemzeti Bank reduced the central bank base rate from 0.75% to 0.60%. The rate had been also cut by 15 basis points at the June policy review after having held at 0.90% since a reduction in May 2016. In a released statement, officials note that Hungary’s economy was […] More

New Overnight Developments Abroad - Daily Update

Equities Buoyed by Promising Vaccine News and Expansive Macroeconomic Developments

July 21, 2020

Reports have surfaced of promising results in early Covid-19 vaccine trials involving three different projects — those of Oxford, Pfiser, and BioNTech. Global cases advanced another 210k over the past 24 hours, but there was a smaller number of U.S.-reported deaths (554). Leaders of the European Union compromised on a EUR 750 billion joint pandemic […] More

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