2008 trade shock -> price war in container shipping -> mega ships & huge debt (14 big lines carry $95bn). 2020 shoc… https://t.co/jUsJLFTEM3
Chartbook Newsletter #12 just posted. On the dangers of Euro Area complacency. A cause @RobinBrooksIIF @heimbergecon @DanielaGabor and I have been urging for some time.
Pfizer reported more than $50 bn in revenue last year. Its Covid-19 vaccine is expected to generate about $14.6 bn in revenue 2021—some of which