Greetings,
United States: Many households will not be able to manage their high-interest auto loans.
Also, the airline industry is in deep trouble.
Europe: UK government spending and gilt issuance will spike in the months to come.
Will the BoE boost its QE program to absorb all the new debt?
Also, respondents are also increasingly cutting non-essential spending.
Emerging Markets: Capital outflows have been unprecedented.
Equities: Fund managers are running substantial cash balances.
Rates: The Fed has been buying $70bn of Treasury securities each day.
Food for Thought: Eating and drinking during the quarantine:
Edited by Devon Lall
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
