A curious phenomenonMore
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries
Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.More
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling
Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.More
Now in Lockdown, Mexico’s Economy Slides. Banks & Companies Clamor for Bailout. Government Refuses
All non-essential activities have been suspended for at least a month. But where are the bailouts?More
Construction Activity Plunges in Germany, France, & Italy
And construction companies “aren’t expecting a swift recovery.”More
Lockdown Hits UK Commercial Real Estate, Retail Landlords & Their Investors: Most Property Mutual Funds Suddenly “Gated”
Never before have so many property funds shut the doors on so many property investors.More
A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess
Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.More
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions
“We are temporarily a company with no product and no revenue.”More
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.More
Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout
During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.More
Nick Corbishley 