Help can also come in other ways, including a waiver or cut in charges that airlines have to pay. The government, though, will have to keep in mind the needs of airports which have also asked for help. A huge cut or waiver on charges that airlines pay to the airport can lead to the latter taking up arms. … [Read more...] about Coronavirus impact | Should the government come to the aid of airlines?
Pakistan airlines crash
In an interview with CBS on March 22, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis said, “There is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.” … [Read more...] about Bitcoin gains 14% after the US Fed says it has ‘infinite cash’
Something similar had happened in India during the demonetisation. That time it was the availability of cash. Soon after demonetisation, we saw a collapse of economic activity. But once the new cash was brought in the system, we saw that the normal economic activity was restored in a matter of weeks and not months. Something similar is likely to happen with global growth too. Yes, right now with no visibility on the end of the outbreak, everyone is seeing only negative. But the moment there is a realisation that the pandemic has been contained, the growth is going to bounce back. … [Read more...] about ‘Great time to purchase high quality stocks, though economic slowdown is inevitable’