The April jobs report was a tragedy of historic proportions – an unmitigated disaster. The
Author: therealheisenberg
Waking Nightmare: A Walk Through The Worst Jobs Report In American History
A funeral for America’s labor market.
Great Depression II: 20.5 Million Jobs Lost In Worst Ever Payrolls Report
April’s jobs report is, quite simply, the single worst top-tier economic data print in modern history.
With ‘No China Doves Left,’ Market’s Faith In Trade Deal Seems Misplaced
None of this is going to mater if the virus recrimination continues, though.
William Barr Ain’t Good For Much, But Maybe He Can Break Up Meat Monopolies
If there’s anything you can count on Trump to safeguard, it’s America’s right to cheap burgers.
Market Prices In Negative Rates For US. Media, Blogs, Finance Twitter Lose Collective Mind
You can’t go wrong with “negative rates are coming to America”.
‘He Lost It’: Fearing Economic Oblivion, Trump May Extend Tax Deadline To December, Take ‘Unilateral’ Measures
“We’re not going to shy away from them.”
Meanwhile, Turkey Careens Into Currency Crisis As Erdogan ‘Declares War’ On Citi, UBS, BNP
“…a hugely damaging move.”
Albert Edwards Dreams Of Stephanie Kelton’s Free Money Train. Says S&P Is ‘Ludicrous’ Bubble
“I’m not sure what to make of all this except…”
33.5 Million And Counting.
…an ongoing, higher frequency reminder that the US economy is by no means out of the proverbial woods.
Nomura’s McElligott: Don’t Mistake Curve Steepening For Something It’s Not
“Cash crunch issuance realities.”
Band-Aids For Earthquake Fissures.
…the coordinated, global firefighting effort continues.
More Than Half Of America’s Small Businesses May Be Gone By The Election. Literally.
…teetering precariously on the precipice of oblivion.
Larry Fink Terrified That Corporations May Be Asked To Pay Higher Taxes After Virus
But higher corporate taxes aren’t the only wraiths and phantasms floating around Larry’s tortured dreams.
‘I Exhort You To Do This’: It’s Desperation Time As America’s Beef Crisis Goes DEFCON Wendy’s
Everyone knows people go to Wendy’s for the Frostys.
With Stocks In ‘No Man’s Land,’ Nomura’s McElligott Delivers Summer Outlook, ‘Roadmap’ For Second Half
The summer fade, and a possible bounce thereafter.
Small And Midsized Businesses Wiped Out In April, Grim ADP Report Shows
“Job losses of this scale are unprecedented.”
No Evidence. And No, That Is Not A Misprint.
“This matter should be handled by scientists.” Also, “there’s always a first time for everything.”
‘There’ll Be More Death’: Trump Admits Reopening Economy Will Cost Lives. Traders Get Short On China Worries
“Will some people be affected? Yes. Will some people be affected badly? Yes.”
Harley Bassman Asks: ‘Where Is The Folder?’
“Forced to consider the latter, let us not make the same mistake with our investments.”
‘Circumstantial Evidence’, Bats, And ‘A Civil War In Congress’:
There are a lot of bats there. Also, Stephen Moore is not an economist.
Quick Look Under Hood Of ISM Services ‘Beat’ Shows This Car Has No Engine
“COVID-19 has halted much of our standard work…”
Is ECB QE Illegal? Asking For Germany
“The Bundesbank may thus no longer participate…”
Sharpen The Sabres: US-China Tensions Reach Boiling Point As Pompeo Branded ‘Evil Clown’
Bannon, the People’s Daily charged, is a “Cold War living fossil”.
Freight Trains.
Choose wisely.
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