The RSM U.K. Financial Conditions Index — which measures the degree of financial accommodation built into British financial asset prices – plummeted from normal conditions just four weeks ago to 3.9 standard deviations below normal levels of implied market risk. … READ MORE >
Blog
SEC gives regulatory relief to certain business development companies
Continuing a recent push to ease regulations, the Securities and Exchange Commission recently adopted a final rule that loosens compliance requirements on business development companies, which invest in small and medium-size businesses. … READ MORE >
Between a rock and a hard place, retailers ask to stop paying rent to survive
In a move for self-preservation, retailers are demanding that their landlords withhold or slash rent in the coming months as stores have closed to slow the spread of the coronavirus. … READ MORE >
For states struggling with coronavirus, stimulus package is likely not enough
All states – with the exception of Utah – reported significant numbers of workers filing for unemployment benefits as state and local authorities and businesses took the lead in slowing the virus by shutting down the normal flow of interaction. … READ MORE >
New jobless claims surge, signaling hardship for working America
This week’s initial claims increased to 3.283 million from last week’s 282,000, suggesting a substantial drop in income and household spending in the coming weeks and months, and the increased likelihood of the economy falling into recession. … READ MORE >
Coronavirus supply chain disruptions expected to linger for manufacturers
Middle market businesses in the United States and the rest of the world have come to rely heavily on China, which exports more intermediate manufactured goods than any other country. The risk of economic disruption to this system increases the longer the coronavirus pandemic persists. Since the first confirmed case … … READ MORE >
Coronavirus pandemic hinders global automotive supply chains
With the recent passage of “phase one” of a trade agreement between the United States and China and the ratification of the United States-Mexico-Canada Agreement (USMCA), 2020 was supposed to be a transitional year for the global auto industry. Analysts had expectations that sales in the sector had bottomed out … … READ MORE >
How health systems can manage the financial impact of the coronavirus
The effects of the coronavirus on health systems will be far-reaching and long-lasting. Beyond the impact on front-line staff and the disruption of having many employees work remotely, health systems are also seeing a cloud loom when it comes to their finances. To seek relief from these headwinds, the chief … … READ MORE >
March Federal Reserve data signals more challenges ahead for manufacturers
Survey data released this month from the Federal Reserve Bank’s New York and Philadelphia districts shows the greatest manufacturing index drop ever recorded in those regions for the month of March, with overall readings well below earlier estimates and in negative territory. The Federal Reserve Bank of Richmond’s survey of … … READ MORE >
Why shutting down the economy makes the most sense
In our estimation, sending the public back to work at this time would be premature, put far more individuals at risk and run the risk of another series of economic shutdowns should there be a second or third wave this fall and next winter. … READ MORE >