Daily Briefing – June 23, 2020
Tue, 06/23/2020 – 18:25
Senior Editor Ash Bennington joins Ed Harrison, Managing Editor, to discuss the latest news on markets, macroeconomics and coronavirus. Bennington and Harrison first analyze the story of Wirecard, a German fintech company, and its implications for Germany. They also talk about how the Fed markets animal spirits to markets supported by exorbitant amounts of liquidity, and anticipates a rollback in consumption in the light of a recovery in the shape of the letter W. Finally, they explain how self-affirmation of a pandemic will ultimately lead to a stronger dollar and a reduction liquidity. In the introduction, Nick Correa talks about the latest developments in the history of Wirecard and gives some context of how they came to this point.