#recession … #Fed Pushing on a String edition#GFC2 2020 is shaping up to be even worse than the original #GFC of 2008-09… 📉 https://t.co/7l4wzXCi8W
— Invariant Perspective (@InvariantPersp1) August 5, 2020
Private Payroll Growth Slows Sharply in July Amid Spike in Virus
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.
One-Third of U.S. Restaurants Face Permanent Closure This Year
Shadow banks are a perfect example of Fed regulatory negligence (so are Asset Bubbles). Yellen said in 2014 it was a major problem. 🤨 What happened since '14?
QE being used to cover up negligence ~is~ the problem
"SHADOW BANK WEAKNESS FORCED FED’S MARKET RESCUE", QUARLES says pic.twitter.com/tPnmaCao48
— M/I_Investments (@MI_Investments) August 5, 2020
It's a v-shaped recovery, you know, and that's why we need trillions more in stimulus. Believe me. pic.twitter.com/0h8ZxArlav
— Charlie Bilello (@charliebilello) August 5, 2020
Breaking down the dramatic Q2 2020 GDP shock what is truly unique is the collapse in service sector demand. The rest was worse than 2008Q4 but structurally similar. @BainAlerts via @SoberLook https://t.co/vjoZLBgMoY pic.twitter.com/XWSEaLFnwo
— Adam Tooze (@adam_tooze) August 5, 2020
Meanwhile:https://t.co/jpw6eTm6MW
— Sven Henrich (@NorthmanTrader) August 5, 2020
#recession … US #PMI edition
The L-shaped 'recovery' continues… 👇 https://t.co/d19qpl1vag
— Invariant Perspective (@InvariantPersp1) August 5, 2020