Surprising US job numbers creates risk: distraction & complacency. Don’t lose thread. Econ is experiencing an epic collapse of demand. “There’s a lot of denial here, as there was in the 1930s,” said Eric Rauchway, a historian at University of California. https://t.co/SoXDHqM87L pic.twitter.com/PwbEaaypxy
— Holger Zschaepitz (@Schuldensuehner) June 7, 2020
Fidelity chief warns of global corporate solvency crisis https://t.co/um0wYfKUJ9
— Scott Barlow (@SBarlow_ROB) June 7, 2020
https://twitter.com/NorthmanTrader/status/1269560116719824896
Keep an eye out for rising prices. A supply side shock makes prices rise even though unemployment is rising and GDP falling. Firms have to cover their costs. #inflation https://t.co/aOPbZrTom8
— Pippa Malmgren (@DrPippaM) June 7, 2020
Global commercial flights down 70% and only crawling their way back. @Gavekal via @SoberLook pic.twitter.com/hh62jOYcVC
— Adam Tooze (@adam_tooze) June 7, 2020
MOST HOUSEHOLDS ARE NEAR BROKE pic.twitter.com/dtgbOJKORQ
— Win Smart, CFA (@WinfieldSmart) June 7, 2020
The Labor Department "accidentally" miscounted 4.9 million laid off people as employed, bringing unemployment to 16.1%, via @RSInvestor pic.twitter.com/sUiiVO73vt
— Daniel Lacalle (@dlacalle_IA) June 7, 2020
— SolidusMax (@SolidusMax) June 7, 2020
#China May #exports slip back into contraction, #imports worst in four years
Exports in May fell 3.3% from a year earlier, after 3.5% gain in April
Imports fell 16.7% compared with a year earlier, worsening from a 14.2% decline the previous month https://t.co/XtURf126dP pic.twitter.com/GihpvU7vDy
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) June 7, 2020
https://twitter.com/russian_market/status/1269602752616857600