#recession … #GFC2 US edition
August 2020? No, March 1930… 📉t.co/QbxPOGkNP5 pic.twitter.com/A2OdnLPuAi
— Invariant Perspective (@InvariantPersp1) August 11, 2020
Global Coronavirus infections surpass 20million people, resulting in upwards of 700,000 deaths. While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks to double that total, BBG calculated pic.twitter.com/1z8xMkb2TL
— Holger Zschaepitz (@Schuldensuehner) August 11, 2020
Heaven Help Us if Unemployment Follows the Path of the Great Recession
Here’s a series of charts showing the duration of unemployment followed by a comparison to what happened in the Great Recession.
Banks Sit on Money and Raise Lending Standards, Just Like During The Great Recession
Traditional finance is dead. Let it die.There is absolutely no reason that you should have to wait for the money that you need in a global pandemic. Especially if you’ve spent your time and emotional capital building relationships with financial institutions only to get the cold shoulder when you…
Don’t Let The Stock Market Rally Mask Reality
Maybe investors are suddenly showing foresight like never before, and are looking past the pandemic to an eventual recovery. But probably not.