There is, though, one respect in which this virus-induced crash is different. Central bank injections of liquidity cannot cure the disease, nor will they arrest its spread. As we have never tired of reiterating, the markets had run-up on a gush of liquidity unleashed by central banks around the globe. They have run up, as we have pointed out ad nauseam, far ahead of the ‘fundamentals’. They had gone up in the belief that central banks had the markets’ back and would rush to their rescue at the slightest wobble. That hope still exists, which is why the markets are now clamouring for a Fed rate cut in March and two more rate cuts this year. Central banks in China and some other Asian countries have opened their purses. Governments too are doing their bit — Hong Kong is planning to give all permanent residents above 18 a hand-out of HK$10000. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
Eyebrow natural shape
The court had on December 20 sent Sengar to jail for "remainder of his natural biological life" for raping the woman in 2017 when she was a minor.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Unnao murder case: Delhi court defers judgment to March 4