FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES
— *Walter Bloomberg (@DeItaOne) June 12, 2020
The Fed said more businesses could fail if economic activity remained weak due to coronavirus-related disruptions, leading more temporary layoffs to become permanent t.co/myPIRo9vRN
— Real Time Economics (@WSJecon) June 12, 2020
US BANKRUPTCIES pic.twitter.com/WpS80mBzWu
— Win Smart, CFA (@WinfieldSmart) June 12, 2020
HOUSEHOLD NET WORTH DOESN'T LOOK LIKE A V pic.twitter.com/eBqAYO7sSr
— Win Smart, CFA (@WinfieldSmart) June 12, 2020
NO INVESTMENT OR HIRING PLANS pic.twitter.com/ncUwEiJqOa
— Win Smart, CFA (@WinfieldSmart) June 13, 2020
The Fed’s Economic Forecasts Are All Over the Map, a Sign of How Uncertain These Times Are
The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain.
Fed Warns of Significant Financial Sector Vulnerabilities
…financial system vulnerabilities — most notably those associated with liquidity and maturity transformation in the nonbank financial sector — have amplified some of the economic effects of the pandemic,” the Fed said. “Accordingly, financial-sector vulnerabilities are expected to be significant in the near term.”