“COVID-19 has halted much of our standard work…”
Category: economy
Freight Trains.
Choose wisely.
As US Gears Up To Borrow $3 Trillion In 3 Months, Here’s The Truth On Government Spending
“Today, borrowing is voluntary, at least for countries with sovereign currencies.”
As Europe Wakes From Nightmare, Recovery To Be ‘Frustratingly Slow’
“… businesses that are able to restart will be running at low capacity, and will be operating in an environment of greatly reduced demand.”
Hong Kong Logs Deepest Economic Slump In History. Shares Have Worst First Day Of Month In 9 Years
“We are deep into recession.”
Bad Moon Rising?
Don’t go ’round tonight…
America’s Meat Crisis Isn’t ‘Solved.’ It’s Just Getting Started.
“… we feel good about our ability to maintain a broad assortment of meat.”
Outright ISM Collapse Masked By Deliveries Anomaly For Second Month
Despite the headline “beat”, it’s awful.
In ‘Simulated’ Economy, 3/4 Of Laid-Off Workers Get Benefits Exceeding Their Former Wage
Who needs the real thing, anyway?
Coronavirus Claims 30 Million US Jobs In Six Weeks
…the nature of this crisis likely means consumption habits have been forever altered.
‘Historic’: Markets Marvel At Scope Of Europe’s Record Collapse On GDP Day
“…a recession like the one we’re currently in is unprecedented.”
4 Charts Reveal Extent Of Collapse In US Services Sector
Not all of them are necessarily intuitive.
The Great Coronavirus Recession Has Begun
Mother Nature had other plans.
Stocks Are Too Rich For Rich People, Europeans Are Terrified, And A ‘Remarkable Liquidity Opportunity’
“The same can be said for investors who were concerned as the equity market approached the lows.”
Give Me Bacon Or Give Me Death: Trump Orders Meat Plants Open As Shortages Loom
No more “road blocks”.
As Consumer Confidence Falls Most In 47 Years, Kevin Hassett Appeals To ‘God’ For Recovery
In case you were curious, Hassett sees the jobless rate rising as high as 20% by June.
Trump: ‘Smart People’ Are Buying Stocks Right Now
“It’s not going to be that long†of a process.
‘This Crisis Will Impair Living Standards For Most Of The Decade’: Scott Minerd Delivers Another Dire Warning
“…the United States will never be able to return to free market capitalism.”
Bad Setup: Just Before Pandemic, World Trade Did Something It Hasn’t Done Since The GFC
One more time: There is never a “good†time for a pandemic, but…
As Much As 25% Of America’s Meat Production Is Offline. Looming Shortages Show COVID’s Inflationary Side.
“…more lives will be lost, more workers will be exposed, and our food supply will face jeopardy.”
Americans Think COVID-19 Is ‘Cyclical’, Not Systemic. Safe Assumption, Or Not So Much?
“…it could be a false dawn and a bad omen all rolled up into one”.
Well, Is There A Future Or Isn’t There?
“Yeah, sport, I know there’s a blizzard.”
No Such Thing As Hyperbole As US PMIs Sprint Towards Cliff, Dive Off
For the first time (maybe ever) it is literally impossible to overstate the scope of the malaise.
‘Less Than Half Of Working Age Americans Will Be Earning A Wage Next Month’, One Bank Warns
Another “sobering” stat and what it means for the political landscape.
America’s Unemployment Nightmare Continues As Virus Claims 26.5 Million Jobs
Remember: These are people not numbers.
‘Worse Than That Thought Imaginable’: PMIs In Eurozone, UK Take A Turn For The Surreal
“…output sometimes shrank into almost nothing.”
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