…an ongoing, higher frequency reminder that the US economy is by no means out of the proverbial woods.
Category: economy
More Than Half Of America’s Small Businesses May Be Gone By The Election. Literally.
…teetering precariously on the precipice of oblivion.
Larry Fink Terrified That Corporations May Be Asked To Pay Higher Taxes After Virus
But higher corporate taxes aren’t the only wraiths and phantasms floating around Larry’s tortured dreams.
‘I Exhort You To Do This’: It’s Desperation Time As America’s Beef Crisis Goes DEFCON Wendy’s
Everyone knows people go to Wendy’s for the Frostys.
Small And Midsized Businesses Wiped Out In April, Grim ADP Report Shows
“Job losses of this scale are unprecedented.”
No Evidence. And No, That Is Not A Misprint.
“This matter should be handled by scientists.” Also, “there’s always a first time for everything.”
Harley Bassman Asks: ‘Where Is The Folder?’
“Forced to consider the latter, let us not make the same mistake with our investments.”
‘Circumstantial Evidence’, Bats, And ‘A Civil War In Congress’:
There are a lot of bats there. Also, Stephen Moore is not an economist.
Quick Look Under Hood Of ISM Services ‘Beat’ Shows This Car Has No Engine
“COVID-19 has halted much of our standard work…”
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.
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