April 27, 2020 | Daily JAM |
The best financial bazookas are those central banks never need to use. The alphabet soup of new emergency lending programs the Federal Reserve set up during the first stage of the coronavirus financial market turmoil saw very little new borrowing last week. Lending...
March 20, 2020 | Daily JAM, Morning Briefing, Short Term |
In the credit markets investors and traders are selling everything. Safe. Risky. Doesn't make any difference. And that's creating a potential shortage of dollars. When you sell corporate bonds, you take dollars out of the credit market. When companies draw down credit...