In case you were curious, Hassett sees the jobless rate rising as high as 20% by June.
Category: economy
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.”
Breaking Down ‘The Biggest Global Bailout In History’
“Whether the stimulus is remotely enough remains to be seen”.
‘I Am An Oil Man’: How Long Before Jerome Powell Gets Into The Oil And Gas Business?
“I have numerous concerns”…
Who’s Afraid Of Red Ink? COVID Crisis Spawns Bull Market In Deficit Fearmongering
Ultimately, it’s up to you…
‘When This Is All Over’
“…I want people to say, we went through hell but we learned lessons.”
China Delivers Largest Cut Yet To De Facto Benchmark, But ‘More Easing Measures Are Needed’
“…clearly more easing measures are needed”.
Trump Temporarily Postpones Some Tariffs, In Bid To Ease Supply Chain Strain
And no, this isn’t Trump calling off the trade war.
There Will Be Scars.
But “there are believers out there.”
In Bear Market Rally, Some Say They’ve Got It All Figured Out
“Heads I win, tails you lose.”
Pork Problems And The Great COVID Deflation/Inflation Debate
“The American food supply chain had to adapt, and it remains safe, secure, and strong.”
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.
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