Adam Toozeさんのイラストまとめ

PBoC is uncoupling from Western CB on rates holding benchmarks steady as global peers slash. Bad debts and capital flight risk make big fiscal and monetary moves more dangerous than in 2009. -> Beijing needs to find other modes of stimulus.
https://t.co/6e7uRgKrZN

Lockdown Sunday night:

Take yourself to @ArtBasel Hong Kong.
See a remarkable cross-section of top notch global art in beautifully curated online viewing rooms.
Pour a glass of something nice, sit back, click and enjoy!

https://t.co/F0vRkbcFwA

Crashed to Corona 1: The Dollar Shortage - https://t.co/43AmKZs5dO

Search for yield lead Asian retail investors -> some rather exotic structured products which offer larger returns v. Losses triggered by unusual normally uncorrelated events. Unusual except in case of pandemic meltdowns. Bad news! @KangHexin @edwardwhitenz
https://t.co/7HjtV2Q5QS

Brazilian Real recovers somewhat after swap line news.
https://t.co/8xG8j1oZOB

US junk bond issuer are under intense pressure as spreads spike. @JARennison
https://t.co/xY1JXDt8GZ

It turns out that US gov does have emergency response capacities! There are ways of drawing on military. But they have not been activated, they are undersized & beyond expiration. @nytimes team blames Trump’s failure to put FEMA rather than DHHS in charge. https://t.co/83T8u5OVEM

When folks said that “neoliberalism” was an order based on “free markets” AND “strong state”. I think we assumed that the awkwardness of this coupling was managed sequentially or to a degree disguised. I don’t think we imagined the last 12 years!
https://t.co/7ygRcTKq7f

Yellen and Bernanke applauding Fed’s decision to go full 2008 PLUS a call for Congress to permit Fed to buy investment grade corporate bonds. Goes beyond what Fed did in 2008.
https://t.co/7ygRcTsPfH

Early in the corona panic, investors were continued to move into safe EM bonds. In late February that reversed signaling a widening of the retreat and a broadening of the financial pressure on EM. @Jonthn_Wheatley citing @RobinBrooksIIF
& @IIF
https://t.co/9sPSEEQgKd