The Global Economy in a Covid-19 World

Posted on June 1, 2020 by Danielle Park

Danielle DiMartino Booth offers an excellent big picture update in this presentation.

We are delighted to be hosting a special online event on ‘The Global Economy in a Covid-19 World’ with Danielle DiMartino Booth at 5.30pm BST on Thursday 21st May. Brought to you by The Oxford Guild, its Collegium Global Network of top universities, Cambridge Guild, Imperial Finance Society, King’s Business Club, Warwick Finance Societies and other leading university societies, the event is 100% free and open to all.  Here is a direct audio link.

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Danielle’s biweekly market update

Posted on May 29, 2020 by Danielle Park

Danielle was a guest with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

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WSJ: what happens when millions stop paying their debts?

Posted on May 28, 2020 by Danielle Park

Allowing millions of borrowers to defer debt payments allows them to focus on other necessities and lenders to slow a near-term spike in reported delinquencies and charge-offs.  But it doesn’t solve the solvency crisis now spreading nor the debt write-offs coming.  See Millions skip credit card and car payments:

Lenders hope that being flexible with borrowers will buy time for the economy to recover and for consumers to get back on track with payments. But lenders can shoulder the unpaid loans for only so long, and many are bracing for a mountain of defaults that they’ll eventually write off as a loss.

Consumer debt had climbed to record levels before the pandemic. WSJ’s AnnaMaria Andriotis explains what’s happening now that millions of people are unable to make payments on credit cards and auto loans.

Here is a direct link to an audio report.

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