“We’ve never seen anything like it”.
Category: economy
‘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”.
The Not-So-Great Coronavirus Debate Rages On: Kill The Global Economy To Save Lives?
“…but the faster the virus stops, the quicker and stronger the recovery will be.”
European Economy Suffers Catastrophic Hit From Virus Measures, March Data Shows
“…far exceeding that seen even at the height of the global financial crisis.”
Fed’s Bullard Calls For ‘Organized Shutdown’ Of US Economy Until July 1
“The first goal during the NPAP is to intentionally reduce (reduce!) economic activity in order to meet public health objectives.”
Fed Does ‘Exactly What Market Needed’. Trump Considers Flouting ‘Advice Of Health Professionals’ To Save Economy
“I mean, seriously Jon, let’s get real, what do you want me to do?”
‘Lockdown, Shutdown And Limit Down’: Traders Come Into New Week Pondering Depression Redux
“Yet, without fresh capital, businesses will fold”.
Morgan Stanley Sees 30% GDP Contraction. Bullard Warns Of 30% Unemployment. Lawmakers Dither.
“Economic activity has come to a near standstill.”
More QE! RBNZ To Fire 30 Billion Bazooka At Virus
“The negative economic implications of the coronavirus outbreak have continued to intensify.”
Global Crisis Rolls On: Nearly 1 In 4 Americans Locked Down, Italy Shuts Production, Bezos Says Amazon ‘Critical’
“This is the most difficult crisis in our post-war period”.
As Virus Deaths Climb, Equity Positioning Drops To All-Time Low. Cue Helicopter Money
“The package is coming in at about 10% of GDP. It’s very large”.
New York, London On Lockdown. Deaths In Italy Surge. More Banks See ‘Severe’ Global Recession
“If this doesn’t work, we’re going to keep doing it until we get this going”.
Goldman Sees Near Total Collapse: US Economy To Contract 24% In Q2, Jobless Claims To Hit 2.25 Million This Week
“A decline of this magnitude would be nearly two-and-a-half times the size of the largest quarterly decline in the history of modern GDP statistics”.
Restaurant Industry Flatlines, Jobless Claims Set For Exponential Spike As COVID Crisis Hits Home In America
“…do nothing more than ‘provide information using generalities”.
Don’t Call It A Reprieve.
The underlying economic reality is stark.
Ray Dalio: ‘We Have A Crisis. US Corporate Losses May Be $4 Trillion’
“What’s happening has not happened in our lifetime before”.
Mar-A-Lago Accord, Untradeable FX And The Dangers Of Shutting Markets
“FX remains untradeable”.
Bernanke, Yellen, Ackman Sound Alarm. Some Now See Virus As Existential Threat
We are, to put it bluntly, at a tipping point.
Steve Mnuchin Didn’t ‘Predict’ 20% Unemployment. It Was Just A ‘Mathematical Example’, Ok?!
I’m guessing “Great Depression II” wouldn’t poll well.
It’s Not Enough. It’s Just Not Enough.
The situation is fluid.
Empire Manufacturing Survey Plummets. March Drop Is Largest In History
And so, it begins.
‘This Is War’: Analysts Pile On As Virus Lockdowns Presage ‘Domino-Style Economic Collapse’
Not to put too fine a point on it, but it’s over.
Steve Mnuchin: The US Is Not In A Recession
“I expect we’ll have a big rebound later in the year.”
‘Economies Are In Lockdown’: Trump Tests Negative For Virus, Europe Shuts Down As Infections Soar
“We have not reached our peak”.
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