Covenant Lite Articles and Whitepapers
The World economies show signs of a change in rhythm, stepping up to a foxtrot…slow, quick, quick! Earlier this year the IMF said that we would probably see a 3 speed global economy and there are a number of indicators that have confirmed that over the last month
PegasusCapital - 03/06/2013
Whitepapers / Articles
The risks of a deflationary outcome remain very elevated. Our understanding of likely household responses is becoming more informed, particularly with regard to genuine uncertainty, precautionary savings balances being built (where possible) and the likely consolidation of credit related debt. Turning the tide on the risk of viral infection and saving lives is the driving policy of government, but by definition this just pushes another rising tide of shrinking demand onto the economy.
PegasusCapital - 07/05/2020