The Daily Shot Brief – March 20th, 2020



United States: Government stimulus should cushion the blow to the economy, with federal programs generating a substantial multiplier effect.

Source: Oxford Economics


United Kingdom: The Bank of England cut rates and launched a QE program.

Source: Reuters; Read full article
Source: The Daily Shot


The second chart below shows the total stimulus represented as a rate cut (equivalent to 300 basis points).

Source: Pantheon Macroeconomics


China: Large corporates are being directed to provide their smaller suppliers with shadow financing via entrusted loans, according to Pavilion Global Markets

Source: Pavilion Global Markets


Equities: Correlations have spiked.

Source: @markets; Read full article


Rates: It’s been all about getting rid of duration risk.

Source: Arbor Research & Trading


Food for Thought: The cost to set up a company in the US:

Source: @howmuch_net; Read full article

Edited by Devon Lall

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