A reality check amid the equity market euphoria.
Category: economy
At 41 Million, US Jobs Lost To Virus Nearly Equal Population Of Spain
There was one bright spot in the report…
Bazookas Galore, Irrelevant Court Rulings, And What’s Next After Europe’s ‘Essential Day’
“We must go quickly and adopt this ambitious agreement”.
234 Trillion Yen. That’s A Real Number, Apparently.
“Mind-spinning”.
Euphoria Now. But Three Fiscal Cliffs Loom Large
Hopefully, Mitch McConnell can be convinced.
What $600 Billion In AUM Sees For The Post-COVID World, And Why One Bank Thinks Full MMT Is Unlikely
“What are the likely structural shifts post-pandemic?”
World Trade Shrank Most Since GFC In March, Just Ahead Of Virus Lockdowns
March’s monthly decline means world trade shrank for three months straight headed into pandemic protocol.
Reopening Optimism Trumps All Other Considerations As Equities Climb Wall Of Worry
“…it does not take much analytical skill to predict a much stronger slump in the second quarter”.
Why Morgan Stanley Sees ‘The Return Of Inflation’ After Coronavirus Crisis
“The forces which will bring about inflation are aligning”.
Gary Cohn: Congress Needs To Be Ready To Spend $3-5 Trillion ‘At Any Given Moment’ In Crises
“We now have the knowledge that at any given moment in time, our Congress is going to need to spend $3-5 trillion”.
China Abandons GDP Target For 2020 As Virus Reality Sets In
The abandonment of the target speaks volumes about the scope of the damage inflicted by the pathogen.
Just Two Things.
“We are now experiencing a whole new level of uncertainty”.
As Virus Jobless Claims Total Nears 40 Million, Let’s Make Sure We’re Asking The Right Questions
The question is not whether “the worst is over”. Nor is the question about the “pace” of the rebound.
In Europe, Light At Tunnel’s End Still Just Faint Glimmer
Williamson cautioned that a full recovery in Europe may “take several years”.
‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff
There is “no sign of the trade slump bottoming out”.
Richard Koo Details ‘The Many Irreversible Impacts Of COVID-19’
“…these differences mean we cannot expect the sort of V-shaped recovery seen after the SARS outbreak.”
‘Zeitgeist Bearish’
“Investors”, he writes, are “still extremely bearish”.
‘The Chinese Are Buying Everything In Sight’: Xi Conjures Astounding Oil Demand Recovery
Chinese oil demand seen in ‘remarkable’ rebound to near pre-virus levels.
Damn The Depression. Onward And Upward. With Apologies To The ‘Legendary People’
It’s not “supposed” to be this way, after all.
Imagine This: 25% Of America’s Restaurants May Disappear Forever
For many of these establishments, it’s already too late.
The ‘Winner-Take-All’ Market And Our ‘Scroll Hypnosis’ Economy
“The stuff that can grow”.
Maybe We Need To Worry About COVID Inflation After All…
Sticker shock at the grocery store? Or too many “meat shortage” headlines?
One Year After Centennial Celebration, America’s Oldest Factory Index Falls Most In 101 Years
This kind of outright cessation of economic activity cannot possibly heal without scars.Â
US Retail Sales Are Total Disaster. Clothing Stores See 90% Plunge From Last Year.
April’s numbers were worse than already dour estimates. The comps with last year are astounding.
If You Squint, There’s Some Hope In The Empire Survey. But Mind The Capex Plans.
“Good” is an extremely relative term.
Germany Suffers Second Largest Contraction Since Unification. And There’s More To Come.
“The recovery began with the cautious lifting of the lockdown at the beginning of May, but…”
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