Read the tea leaves, draw your own conclusions.
Category: economy
36.5 Million And Counting
Fingers crossed that those describing their predicament as “temporary” are correct.Â
Jerome Powell: The US Economy Is Drowning. Congress Needs To Spend More Or Risk Permanent Damage
“This reversal of economic fortune has caused a level of pain that is hard to capture in words.”
Of Doves And Depressions
“Whatever it takes.”
Apple’s Many Eyes, ‘Dire Scenarios’ And A Glimpse At The New, Post-COVID ‘Normal’
“”If hot spots keep popping up it will be an ongoing reminder.”
Core Prices Fall Most In History While Cost Of Groceries Jumps Most In 46 Years
Is coronavirus a deflationary supernova or just a recipe for the return of inflation?
If Trump And Meat Executives Are So Worried About Shortages, Why Are They Shipping America’s Pork To China?
This raises uncomfortable questions going forward.
New Week Dawns With West Wing Worries, Fed-Driven Markets And Depression Dynamics
“A great and powerful plague” versus “the Fed driven liquidity environment”…
In This Market, There’s More To Fear Than Fear Itself
Let us count the concerns, shall we?
Neel Kashkari: Unemployment Is 24% And We’re Gonna Need A Bigger Bailout
“…you’re going to have empty strip malls for a while.”
‘There’s No Experience On Which To Base Our Forecasts’: After The Virus, Hyperinflation Or Deflationary Spiral?
“Policymakers have never had to deal with such huge contraction in both demand and supply on this scale.”
‘Temporary’ Precarity
The April jobs report was a tragedy of historic proportions – an unmitigated disaster. The
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.
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.
‘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.”
33.5 Million And Counting.
…an ongoing, higher frequency reminder that the US economy is by no means out of the proverbial woods.
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.
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.”
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.
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