How Bad Will It Get? America’s Unemployment Crisis Set To Spiral, According To Some Estimates
Now that is quite something.
Category: economy
As Economic Confidence Collapses In Europe, Germany Pays Workers To Stay Home
The difference is that “all these workers are all still employed”.
‘We’re About To Find Out If It’s Enough’: Everything Policymakers Have Done To Bail Out A Sick World
“There are no ideologues in financial crises.”
This Is ‘The End Game Of The Great Debt Super Cycle’ And Scott Minerd Sees Just One Way Out
“We are experiencing the end game of the great debt super cycle”.
Bazooka Stimulus, Buying Time And Virus Utilitarians
“I want to take actions that will provide a concentrated, short-term boost in demand”.
Where’s The Floor?
“The scale of the policy panic is astonishing.”
Profits At China’s Industrial Firms Plunge A Laughable 38.3% Thanks To Annoying Virus
More smoldering wreckage.
Record Surge In Jobless Claims Suggests Unemployment Rate Rose More This Week Than Any Monthly Gain In US History
“[That] would raise the unemployment rate by more than half, by 2 percentage points from 3.5% to 5.5%, moving back to 2015 levels in just one week”.
Mario Draghi: This Is A ‘Biblical’ Crisis. It’s ‘War’. Scrap The Rules, Cancel The Debt, Lend To Everyone Right Now.
“Much higher public debt levels will become a permanent feature and will be accompanied by private debt cancellation.”
Meanwhile, In Singapore, A Rough Week Gets Worse
Coal mine canary.
Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….
“The reality is that there is almost always enough slack in the economy to allow for an expansion of federal spending (or tax cuts) without offsets”.
Ben Bernanke: Virus Recession More Like Big ‘Snowstorm’ Than Great Depression
“This is a very different animal”.
Coming Unemployment Crisis Plunges America’s Newly Jobless Into ‘Kafkaesque’ Nightmare
“We’ve never seen anything like it”.
‘Back-Of-The-Envelope’ Math From St. Louis Fed Shows US Unemployment Rate Surging To 32%
“These are very large numbers by historical standards”.
PMIs Show US Economy ‘Decimated’ In March. Kudlow Says Trump May Reopen America Within Weeks
“…that doesn’t mean we’re going to walk away from advice of health experts”.