December 24 - Financial Times (Laurence Fletcher): "The Covid-19 disaster has created the widest gulf in performance between prime and bottom hedge funds in greater than a decade… April 22 - Bloomberg (Carolynn Look): "The European Central Bank will settle for some junk-rated debt as collateral for its loans to banks in a move that aims to shield the euro area’s most susceptible economies as they face the chance of credit score downgrades in the coronavirus pandemic.
‘If you have a look at what’s really been driving asset prices, actually in the final couple of months, it isn’t monetary coverage,’ Powell said… It should make the issues associated with the telecom debt collapse look minor in comparison. June 13 - Bloomberg (Alex Tanzi): "US shoppers count on costs to rise even sooner over the following yr, and that will propel spending to a file, in accordance with a survey from the Federal Reserve Bank of latest York. But investors and analysts say bookings will take years to rise again to pre-pandemic ranges. Ponder for a moment how lengthy it might take that flight attendant to avoid wasting $70,000 from her after-tax earnings. At the present sales tempo it would take just 1.6 months to exhaust that stock.

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