The COVID-19 Diaries – Week 12 – ‚A random walk down COVID-19‘
In general, a round of roulette can be seen from two different perspectives. One, that our odds are roughly 50 / 50 and we should not be concerned whether it is a monkey or Alan Turing betting with our capital. And two, that the outcome of the next spin can be sufficiently determined by the […]
The COVID-19 Diaries – Week 10 – ‚Deflation– the “ogre” in the world economy‘
“If inflation is the genie, then deflation is the ogre that must be fought decisively” – Christine Lagarde, 2014 Deflation substantially influenced economic crises in the last century, affecting both the Great Depression of the 1930s (on global scale) as well as the Lost Decade in Japan in the 1990s (on national scale). While policy-makers can […]
The COVID-19 Diaries – Week 8 – ‚Dear IMF, thank you for your encouragement‘
It was widely known that there will be a recession, some might have understated the extent of it. The IMF recently released its forecast for the global economy incorporating the effects of COVID-19. The picture it painted is very similar to Raffaello’s classic, St. Michael Vanquishing Satan. However, the IMF forgot to include St. Michael and […]
The COVID-19 Diaries – Week 7 – EBA bought a ticket for the ESG bandwagon
On 22nd of April, EBA published the draft Regulatory Technical Standards (RTS) on ESG disclosures. The measures have been developed by the three European Supervisory Authorities (EBA, EIOPA and ESMA) under the EU Regulation on sustainability-related disclosures in the financial services sector Regulation (SFDR), which aims to strengthen protection for investors and improve the disclosures […]
Climate change should hire Corona’s PR manager There is zero doubt that the economy is experiencing a flu, but the extent of damages cannot be reliably estimated. However, throughout the past couple of years Coronavirus was not the only externality that the markets experienced. There is no single externality on the planet larger than carbon […]
The COVID-19 Diaries – Day 16 – Peer to peer lending or peer to peer default
Risk by default has a negative connotation in professional language. Oxford defines the noun risk as the following. “The possibility of something bad happening at some time in the future; a situation that could be dangerous or have a bad result.” However, every coin has two sides and hardly anybody sheds light on the […]
The COVID-19 Diaries – Day 11 – Black Mirror – Live Experience
Markets In a blink of an eye, the fight against the coronavirus pandemic’s social and economic consequences has significantly intensified. Whereas governments and the private sector are initiating strict social-distancing rules to stop the spread of the virus, the economic damage is already significant and could be even more bearish.
The COVID-19 Diaries – Day 10 – The German KfW Programme
In time of a crisis, countries may rely on the support of supranational entities such as the ECB. However, leading economies like Germany has the financial means to commit funds to its nation. The backbone of each country is its domestic market and Germany is on the track to strengthen. The below may serve as […]
The COVID Diaries – Day 9 – „Like many other industries, insurance will be affected by COVID-19, but to what degree?“
The current COVID-19 situation is likely to squeeze the already not perfect American and European Health systems to its worst not only impacting hospitals and their workers but most importantly insurance companies and their premiums. The insurance industry as a whole is an almost $5 trillion global industry.
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