“Black & white memories”.
Category: economy
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.
There’s No Going Back To ‘Normal’
There is only the “new normal.”
A French Kiss In The Fog.
Toss out the old methods and say hello to the largest contraction since World War II.
Not Even Mass Death Can Forge A Fiscal Union In Europe
Even a pandemic can’t heal old divisions.
Small Business Optimism Suffers Record Tumble. Half Of Main Street May Be Out Of Business By June
“…we’re probably going to have to add more money to this.”
Somehow, Things Turned Out Worse Than Scott Minerd Anticipated…
“Is this turning out as badly as you thought it would?”
The Future Is Now: How The Coronavirus Forced Economic Policy To Evolve
Welcome to the future. How do you feel?
Janet Yellen (With Popped Collar): ‘This Is A Huge, Unprecedented, Devastating Hit’
And, yes, her collar was popped.
Eye Of The Tiger.
“One day at a time” is the mantra for now.
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