The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under full or partial lockdowns. This has arguably saved many lives, but the economic fallout has been savage.Read More →
© Reuters. ‘Century Bonds’ Take on New Meaning as Argentine Rout Deepens (Bloomberg) — Such is the sell-off in Argentina’s assets that it now has the world’s cheapest Eurobonds –and local yields headed for 100%. The government’s average dollar yields climbed to 27% on Wednesday from 11% last week, accordingRead More →
The stock market has gotten off to a brutal start this month, with the S&P 500 SPX, +1.10% index down about 5% since it started unraveling last Thursday. But while investors caught wrong-footed on the nasty pullback were busy licking their wounds, Crescat Capital founder Kevin Smith was happily craftingRead More →
