“This is a huge employment engine for the economy, and they’re suffering right now.”
Goldman CEO, David Solomon, recently told CNBC that 90% of small business they surveyed have exhausted their Paycheck Protection Program loans. #PPP #unemployment pic.twitter.com/1JNqOqzUFo
— Michael A. Gayed, CFA (@leadlagreport) December 22, 2020
Credit demand down 🔻
Home equity withdrawals up 🔺 pic.twitter.com/haMtaruyrQ
— Mo Hossain (@MoHossain) December 22, 2020
Stimulus should help, but Consumer Confidence just won't bounce. pic.twitter.com/kaBL7z7mnp
— Bespoke (@bespokeinvest) December 22, 2020
Corporate Cash pic.twitter.com/VSeAAmXoGF
— J. Brett Freeze, CFA (@Techs_Global) December 22, 2020
2020 Global Growth Rates (Real GDP)… pic.twitter.com/B880EWj4It
— Charlie Bilello (@charliebilello) December 22, 2020
These @FT charts–from the article on how the " #Fed backstop masks rising risks in America’s corporate #debt market"–are another illustration of how recent government/corporate approaches have amplified the de facto "borrowing" of growth and financial viability from the future. pic.twitter.com/5amEGfKPHj
— Mohamed A. El-Erian (@elerianm) December 22, 2020
The evidence continues to mount: labor market conditions deteriorated in December. The Conference Board's Labor Differential worsened to -0.2, the lowest since August. We'd expect some reversal in the recent progress on the unemployment rate at the next employment report. pic.twitter.com/QGgMlRj7z7
— RenMac: Renaissance Macro Research (@RenMacLLC) December 22, 2020