“Black & white memories”.
Author: therealheisenberg
As Banks Provision For Storm, Shoppers Storm Stores For Provisions
Hunkering down, energy exposure and a future without bacon.
‘Black April’ And ‘The Worst Year In The History Of Global Oil Markets’
“…demand in 2020 will fall by 9.3 million barrels a day, erasing almost a decade of growth.”
The Fundamentals Are Sound: Industrial Collapse Edition
The market is supposed to “look through” all of this.
Goldman’s Traders Ride To Rescue, Offsetting Massive Loss In Investment Arm
“I’m firmly convinced that [Goldman] will emerge well-positioned.”
Coronavirus Makes Its Mark On Bank Of America As Loss Provisions, Revolver Draws Surge
“Despite increasing our loan loss reserves, we earned $4 billion this quarter.”
Howard Marks Has Lots To Say About Bailouts And Moral Hazard. So, I’ll Bite.
“Most of us believe in the free-market system as the best allocator of resources.”
Trump Halts Funding For World Health Organization. Says WHO ‘Caused So Much Death’
“The outbreak could have been contained at its source with very little death.”
Harley Bassman: Fed Now Risks ‘Eroding The Basic Foundation Of Capitalism’
“It is never different this time.”
The Writing Was On The Wall. Pandemic Or No Pandemic, This Recession Was Coming.
“…there have always been shocking triggers behind major economic crises.”
Trump Likens Himself To Captain Bligh, Governors To ‘Mutineers’, In Bounty Blunder
“A good old fashioned mutiny every now and then is an exciting and invigorating.”
‘Since 9/11’: 93% See Global Recession In BofA Survey As Cash Levels Surge To 20-Year High
Respondents see a “U-shaped” recovery, not a “V-shaped” miracle.Â
‘We Now Encounter A Grim Reality’: IMF Sees Worst Downturn Since Depression In ‘The Great Lockdown’
“This crisis is like no other.”
JPMorgan Reports 69% Drop In Net Income As ‘Likely Severe Recession’ Prompts $6.8 Billion Reserve Build
“The first quarter delivered some unprecedented challenges.”
‘There’s No Such Thing As A Free Market.’ Imagine A Future Where Asset Prices Are Administered
Call it a requiem. Or a pseudo-lament. Or maybe just an obituary dressed up as
Against The Gods: ‘Historically A Losing Proposition’
“Unhindered by moral hazard”…
Just How Bad Is It Out There For America’s Small Businesses? This Bad…
“Hourly workers have seen hours, shifts, and operations come to a full stop.”
Marko Kolanovic Addresses ‘Critical’ COVID-19 Questions On Herd Immunity, True Mortality Rate
“The analogy is with an iceberg.”
Morgan Stanley’s Sobering COVID-19 Call: ‘This Is Far From Over’
“…recovering from this acute period in the outbreak is just the beginning, not the end”.
Oprah Versus COVID.
“Everybody gets a car”.
Dangerous Territory.
“…as investors’ focus turns to the real economy a reality check or two remains in the cards.”
Saudis Declare OPEC+ ‘Up And Alive’ After Mexican Standoff, But Demand Still ‘Down And Dead’
“We’re more than happy with the deal.”
‘We Either Produce Food Or Not’, Smithfield CEO Warns, As Virus Closes Sioux Falls Plant
“An alarming statistic.”
Neel Kashkari: Barring ‘Miracle’, America Should Expect 18 Months Of Rolling Shutdowns
“This could be a long, hard road we have ahead of us.”
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