42% of Layoffs Permanent? Debt Growing and Cashing In Retirement Accounts!

How will people pay their bills? The income is gone for some many. Stimulus can only provide so much and it looks like time is running out. The recovery will not be easy particularly as more issues have compounded just in the past few days. With the Fed standing by at all times, investors feel confident about leverage, margin, and their risk tolerance. But what lurks around the corner is anyone’s best guess.

The coronavirus will cost the economy nearly $8 trillion, Congressional Budget Office says

www.cnbc.com/2020/06/01/the-coronavirus-will-cost-the-economy-nearly-8-trillion-congressional-budget-office-says.html

COVID-19 Is Also a Reallocation Shock | BFI

bfi.uchicago.edu/working-paper/covid-19-is-also-a-reallocation-shock/

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China Halts Some U.S. Farm Imports, Threatening Trade Deal – Bloomberg

www.bloomberg.com/news/articles/2020-06-01/china-halts-some-u-s-farm-imports-threatening-trade-deal

UPDATE 1-India’s electricity generation falls 14.3% in May – Agricultural Commodities – Reuters

af.reuters.com/article/commoditiesNews/idAFL4N2DE26L