‘Studies estimate 42% of the 34 mil in jobless claims will be permanent…. So you’re transitioning from Depression to deep recessionary levels’

WEBCAST

“Studies estimate 42% of the 34 mil in jobless claims will be permanent. That’s 14.5 million or 10% unemployment. That’s right in line with the peak of the GFC. So you’re transitioning from Depression to deep recessionary levels.”

WEBCAST

"Studies estimate 42% of the 34 mil in jobless claims will be permanent. That's 14.5 million or 10% unemployment. That's right in line with the peak of the GFC. So you're transitioning from Depression to deep recessionary levels."

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— Hedgeye (@Hedgeye) June 22, 2020

Brazil: Consumer Confidence Survey pic.twitter.com/ObVmlb9hcO

— Julius Probst, PhD 🌐 (@JuliusProbst) June 22, 2020

The Era of Stock Buybacks Could Be Over, Economist Jim O’Neill Says

“In the spirit of never letting a crisis go to waste, it definitely gives governments a chance to do that if they want to,” he said.