The economies are still incredibly fragile, even eight years after the last crisisMore
Market Mayhem Meets Liquidity Mismatch: “At Least” 76 Mutual Funds in Europe Were “Gated” in March
Due to “the interconnectedness of the financial system” fund gatings can trigger “contagion risk” with “the potential to become a systemic issue”: FitchMore
Mainland Chinese Stop Buying Hong Kong Residential Properties, Try to Unload What They Have, Prices Follow
“Some forced selling is highly likely.”More
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash
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
Nick Corbishley 