Oil’s Disinflation Risk, Global QE, U.S. Debt Load: Eco Day

(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • There are growing questions over just how big central-bank balance sheets can get as the Fed buys $41 billion of assets daily, and isn’t alone
  • The oil price crash brings with it heightened risks of disinflation for central banks
  • U.S. debt is on track to surge past the wartime record of 106% of economic output
  • The millions of coronavirus-caused U.S. job losses will disproportionately impact the spending patterns of families of color, according to a study Tuesday from the JPMorgan Chase Institute
  • The traditional indicators by which the U.S. gauges the health of its economy seem suddenly inadequate
  • Argentina’s money supply is surging as the country deals with the economic fallout of the coronavirus pandemic, stoking inflation fears and increasing the chances of a chaotic debt default next month
  • Even as Germany is set to weather the crisis better than its peers, the economy will still shrink by more than 5% this year, Bloomberg Economics analysis shows
  • Pressure is mounting on European leaders to craft a unified fiscal response to the crisis ahead of a summit Thursday as Italy shows signs of falling out of love with the EU
  • South Korea sends another warning for global trade as it reports a plunge in exports

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