Eye on the Market
Comment of the Day

April 08 2020

Commentary by Eoin Treacy

Eye on the Market

Thanks to a subscriber for this note from JPMorgan which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

The most useful way of thinking about the current environment I have seen was provided by a friend, Akhil Patel, who described it as a recession in reverse.

His rationale is a recession generally begins with some portions of the economy shutting down and spreads to increasingly more as the contraction expands. The recession eventually ends when the central bank overreacts and cuts rates aggressively.

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