“The coronavirus is affecting every aspect of business.â€
Author: therealheisenberg
Leisure And Hospitality Industry Wipes Out Nearly 2 Years Of Jobs Gains In Single Month
“…most of the decline came in food services and drinking places”.
Stunning Jobs Report Shows 701,000 Lost Jobs. And The ‘Horror Show’ Is Yet To Come
If this is just the appetizer, imagine how bad the main course is going to be.
RSVP Plus One For A Virtual Cartel Meeting. And More Easing Nods From China.
These are your tangential storylines on Friday.
Four Months, One Million Infections, 349 Billion Dollars And ‘Everybody Working Together’
“These days everybody is working together.”
Carnivals And Pixie Dust.
Go figure.
The Day After Tomorrow: One Bank Sketches Pandemic ‘Exit Strategy’
It sounds like science fiction – but here we are.
‘I Never Thought I’d See Such A Thing In My Lifetime’: Jobless Apocalypse Stuns Nation
“Between 16 and 20 million jobs could be lost.”
Trump Says Mohammed Bin Salman, Putin To Announce Giant Production Cut, Sparking Insane Oil Rally
“I expect and hope that they will be cutting back approximately 10 Million Barrels”.
Jobless Claims Surge By Astounding 6.65 Million As Worst-Case Is Realized
Unfortunately (and incredibly) America did not avoid the worst-case scenario.
China To Do What Trump Couldn’t: Go On An Oil Buying Spree
China will take Steve Mnuchin’s advice: “Let’s go out and buy.”
Social Isolation, Disease, Depression And MMT: Sorting Through The Latest From Howard Marks
“Today the range of negative outcomes seems much wider”…
Fed Effectively Tells Banks To Increase Leverage With Rule Upping Exposure Capacity By $1.6 Trillion
“…their exclusion will also not incentivize risk-taking by banking organizations.”
An Inauspicious Start.
“God willing and coronavirus willing”.
‘China’s Numbers Are Fake’: US Intel Told Trump Beijing Hid Extent Of Coronavirus Outbreak, Report Says
“Intentionally incomplete”.
Signs Of The Economic Apocalypse Are Everywhere.
For right now anyway, economic activity ain’t possible – to speak colloquially.
America’s Small Businesses Slash Most Jobs Since 2009 – And That Was Just Through March 12
These are just the clouds ahead of the storm.
ISM ‘Beat’ Is Fake News On Delivery Time Distortion. New Orders Say Plunge Is Matter Of Time.
The headline index is being artificially boosted by a surge in the supplier delivery times.
‘Somber Again’
Facts and science can be depressing at times.
Will A Wave Of Hedge Fund Redemptions Cause A ‘Double Dip’ For Stocks?
“…during Lehman, unprecedented HF redemptions played a big role in propagating the equity and credit market declines”.
Jeff Gundlach Held A Webcast About Sinks. He’s Bearish.
“It contains many layers of meaning”.
Nomura’s McElligott Weighs In On Trump’s $2 Trillion ‘New Deal 2.0’
“Now of course this is all coming into the expected ‘peak COVID’ shock”…
Manny Friedman Suspends Redemptions In Credit Fund Citing Frozen, ‘Nonfunctioning’ Markets
“Market participants fear extreme and irreversible damage”.
As US Coronavirus Fatalities Eclipse 9/11 Deaths, World Ponders Grim New Reality
“This is like a fire through dry grass with a strong wind behind it”.
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