Wall Street Journal (March 25)
“Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began. The government sold a record $23 trillion worth in 2023.” This makes people “nervous” because “rapid growth in markets from tech stocks to mortgage bonds has ended badly in the past.” Given their ubiquity and potentially “unforeseen consequences,” any instability in the Treasury market “could rapidly spread” to other markets.
Tags: $23 trillion, 2023, Doubling, Exploded, Government, Issuance, Mortgage bonds, Nervous, Pandemic, Tech stocks, Treasurys, U.S., Ubiquity, Unforeseen consequences
BBC (November 3)
“The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years,” indicating that “the UK would face a ‘very challenging’ two-year slump with unemployment nearly doubling by 2025.” The BoE’s forecast paints “a picture of a painful economic period, with the UK performing worse than the US and the Eurozone.”
Tags: 2025, BOE, Challenging, Doubling, Forecast, Interest rates, Longest, Painful, Recession, Records, Slump, U.S., UK, Unemployment, Warned, Worse
Reuters (March 15)
“China posted a steep jump in daily COVID-19 infections on Tuesday, with new cases more than doubling from a day earlier to hit a two-year high, raising concerns about the rising economic costs of the country’s tough containment measures.” The nation’s “zero tolerance approach is not only becoming more costly, but also suffering diminishing returns against the highly infectious Omicron.”
Tags: China, Containment, COVID-19, Diminishing returns, Doubling, Economic costs, High, Infections, New cases, Omicron, Zero tolerance
USA Today (July19)
“A doubling of COVID-19 cases in the past two weeks suggests the USA has entered a fourth wave of the pandemic.” Deaths and hospitalization rates may stay lower than previous waves and instead of ravaging “entire communities,” this wave “is likely to target the unvaccinated, including children, and if rates are high enough, the most vulnerable of the vaccinated—the elderly and the immunocompromised.”
Tags: Children, COVID-19, Deaths, Doubling, Elderly, Fourth wave, Hospitalization, Pandemic, Ravaging, U.S., Unvaccinated, Vulnerable
