Why We Can’t Foresee the Pandemic’s Long-Term Effects

Why We Can’t Foresee the Pandemic’s Long-Term Effects

Longer-term analyses of the coronavirus pandemic emphasize that there is a good chance that it will fade within a year or two, especially if a vaccine or effective treatment appears. I hope that’s true. But even if it is, I’m worried that the economy may not return to normal within that time frame. Big events […]

Corporate debt markets fret over coronavirus effects

Corporate debt markets fret over coronavirus effects

A measure of strain in European credit markets leapt to its highest level in four years on Friday, suggesting that investors are bracing for a wave of defaults despite a vertiginous plunge in government bond yields. The iTraxx Crossover index, which measures the...