“…but you know, I thank God for it”.
Category: economy
‘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.
Goldman’s New GDP Prediction And QR Virus Codes In Moscow: Welcome To Your Dystopian Future
“It’s been miserable on so many levels.”
‘Where We’re Going, There Are No Roads’: Revolvers, 12-Sigma Plunges And Reluctant Swipers
$162 billion in revolver draws, a warning from Visa and a 12 standard deviation plunge in one bank’s activity gauge.
‘Sudden Declines’, ‘Gone In A Flash’
Can you laugh in the face of danger?
How Bad Will It Get? America’s Unemployment Crisis Set To Spiral, According To Some Estimates
Now that is quite something.Â
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 weekâ€.
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”.
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