Amid the worst crisis “since the dawn of the jet age”, America’s airline industry needs a bailout. And we’re going to give them one.
Category: economy
Albert Edwards On Bear Market Rallies, Direct Deficit Financing And Yellen’s Stock Trial Balloon
“Maybe direct Fed buying of the S&P might break the link.”
Airfares See Record Crash, Gasoline Plunges As Coronavirus Deflation Comes Knocking
As you might imagine, there are some fireworks in March’s report.
What A Laffer.
“To make things more fair, he said, government should impose levies on nonprofit educational, arts and other institutions.”
These Aren’t Loans. They Are Grants. Why Is America Ashamed Of The Paycheck Protection Program?
America is so averse to the idea of “handouts”, that we’re willing to plunge the country’s small business owners into a Kafkaesque nightmare.Â
America’s Jobless Crisis Goes Nuclear. Fed Leaps In With $2.3 Trillion In New Lending
17 million claims in three weeks versus $2.3 trillion in Fed lending.
There’s No Going Back To ‘Normal’
There is only the “new normal.”
A French Kiss In The Fog.
Toss out the old methods and say hello to the largest contraction since World War II.
Not Even Mass Death Can Forge A Fiscal Union In Europe
Even a pandemic can’t heal old divisions.
Small Business Optimism Suffers Record Tumble. Half Of Main Street May Be Out Of Business By June
“…we’re probably going to have to add more money to this.”
Somehow, Things Turned Out Worse Than Scott Minerd Anticipated…
“Is this turning out as badly as you thought it would?”
The Future Is Now: How The Coronavirus Forced Economic Policy To Evolve
Welcome to the future. How do you feel?
Janet Yellen (With Popped Collar): ‘This Is A Huge, Unprecedented, Devastating Hit’
And, yes, her collar was popped.
Eye Of The Tiger.
“One day at a time” is the mantra for now.
Four Minutes From Mar-A-Lago, A Depression-Style Soup Kitchen
“…but you know, I thank God for it”.
‘Beyond Grim’: Europe’s Services Sector Disappears Into ‘Black Hole’ Leaving Economists Speechless
“It’s increasingly difficult to find the words to describe the devastation”.
‘Some Are Going Bust’: US Services Sector On The Brink
“The coronavirus is affecting every aspect of business.â€
Leisure And Hospitality Industry Wipes Out Nearly 2 Years Of Jobs Gains In Single Month
“…most of the decline came in food services and drinking places”.
Stunning Jobs Report Shows 701,000 Lost Jobs. And The ‘Horror Show’ Is Yet To Come
If this is just the appetizer, imagine how bad the main course is going to be.
‘I Never Thought I’d See Such A Thing In My Lifetime’: Jobless Apocalypse Stuns Nation
“Between 16 and 20 million jobs could be lost.”
Jobless Claims Surge By Astounding 6.65 Million As Worst-Case Is Realized
Unfortunately (and incredibly) America did not avoid the worst-case scenario.
Signs Of The Economic Apocalypse Are Everywhere.
For right now anyway, economic activity ain’t possible – to speak colloquially.
America’s Small Businesses Slash Most Jobs Since 2009 – And That Was Just Through March 12
These are just the clouds ahead of the storm.
ISM ‘Beat’ Is Fake News On Delivery Time Distortion. New Orders Say Plunge Is Matter Of Time.
The headline index is being artificially boosted by a surge in the supplier delivery times.
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