“The American food supply chain had to adapt, and it remains safe, secure, and strong.”
Category: economy
China Reports Unprecedented GDP Contraction. And March Activity Data Reveals A Troubling Divergence
It was the first contraction since at least 1992.
A Decade Of Jobs Just Vanished In America’s ‘Induced Coma’. And Steve Mnuchin Has ‘Bridge Liquidity’
“…if the amount of ‘oxygen’ is insufficient, some parts of the economy will suffer irreparable damage.”
22 Million In Four Weeks: America’s Jobless Crisis Spirals
Remember: There are real people behind these numbers.
Philly Fed Gets Rocky
The readily apparent malaise notwithstanding, hope floats.
Don’t Trade The Data. And Don’t Do ‘That Dinner Party For 20’
“…sobering economic realities are increasingly driving the moves in asset prices”.
Depressions Used To Mean Something.
“Black & white memories”.
As Banks Provision For Storm, Shoppers Storm Stores For Provisions
Hunkering down, energy exposure and a future without bacon.
The Fundamentals Are Sound: Industrial Collapse Edition
The market is supposed to “look through” all of this.
The Writing Was On The Wall. Pandemic Or No Pandemic, This Recession Was Coming.
“…there have always been shocking triggers behind major economic crises.”
‘We Now Encounter A Grim Reality’: IMF Sees Worst Downturn Since Depression In ‘The Great Lockdown’
“This crisis is like no other.”
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.”
Dangerous Territory.
“…as investors’ focus turns to the real economy a reality check or two remains in the cards.”
‘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.”
One-Third Of Global Trade May Be Lost To Coronavirus. In Services, The Damage Could Be Permanent.
“…declines in services trade during the pandemic may be lost forever.”
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.
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