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Coronavirus ‘medicine’ could trigger social breakdown | Financial Times
Jacob Wallenberg has warned governments to weigh the economic threat from coronavirus more heavily or risk depression, social unrest and a potential lost generation. 
future  covid-19 
6 days ago
Remote Learning Resources
Wake County Public School System. WCPSS
COVID-19  parenting  learning 
9 days ago
Something Weird Is Happening on Wall Street, and Not Just the Stock Sell-Off - The New York Times
[Soon after this article and others like it, fed pump s 1.5T into markets to help liquidity and other worries. Markets still close down for the day.]
finance  future 
20 days ago
Financial markets ‘not broken’, says Goldman Sachs finance chief | Financial Times
"Energy companies are not in “immediate stress” and financial markets are “not broken”, Goldman Sachs finance chief Stephen Scherr said, in the first public comments from a senior US bank executive on the many threats that have hammered bank shares for the last week."

[March 12, 2020 fed adds 1.5T into market following liquidity and bond market concerns and the day is still worst since 1987 crash.]
finance  future 
22 days ago
Sam Brannen on Twitter: "Worth mentioning that in our scenario there was also massive, lasting economic damage. The world dipped into recession, multiple governments used fiscal stimulus, monetary easing, and the IMF dramatically increased non-concessiona
Worth mentioning that in our scenario there was also massive, lasting economic damage. The world dipped into recession, multiple governments used fiscal stimulus, monetary easing, and the IMF dramatically increased non-concessional lending to member countries. 6/n
future  finance 
25 days ago
Calls for policymakers to act to prevent coronavirus ‘doom loop’ | Financial Times
'Predictions of shortlived shock from outbreak appear increasingly optimistic, economists warn'

'Jon Cunliffe, deputy governor of the Bank of England, said on Thursday that since coronavirus was “a pure supply shock there is not much we can do about it”.'
finance  future 
4 weeks ago
Federal Reserve to ‘act as appropriate’ to support economy | Financial Times
"US central bank monitoring impact of coronavirus but says fundamentals still strong"

[Strong fundamentals is what McCain said of the 2008 crash]
[March 12 1.5T stimulus]
future  finance 
4 weeks ago
U.S. Coronavirus Outbreak Would Pose Risk to Record Expansion - WSJ
"Economists expect a slowing wouldn’t last longer than several months and would likely be followed by a sharp rebound"
future  finance 
4 weeks ago
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