"The Federal Reserve cut its benchmark interest rate to near zero and unleashed an aggressive set of additional moves aimed at stabilizing markets as the new coronavirus pushed the US economy toward a recession."
"They blew it. The Fed panicked and the market is spooked. The S&P 500 registered all-time highs less than a month ago and the Fed has expended all its conventional and unconventional tools. The key takeaway will be that they have truly expended all of their ammunition and this is the action of a central bank that is scared."In 2008, the mortgage industry had reached too far. The feds bailed it out with more cheap finance. Now, the problem is in travel, energy, retail, restaurants – nearly a third of the workforce."
"The US Embassy in Buenos Aires strongly encourages all US citizens to reconsider travel to Argentina and advises US citizens with plans to depart Argentina to do so as soon as they can while commercial flights remain available."