75% of small businesses cannot last a month with zero revenues.
The median cash buffer is 27 days.
This is why we need serious supply measures to allow businesses to survive a mandatory shutdown. pic.twitter.com/XpeQPi2sK4
— Daniel Lacalle (@dlacalle_IA) March 24, 2020
More than 47,000 U.S. chain stores have temporarily shut their doors. “In the space of a week, the retail landscape has changed from being fairly normalized to being absolutely disrupted beyond what we’ve ever seen before outside of the Second World War.” https://t.co/K8pan4kNtt
— Lisa Abramowicz (@lisaabramowicz1) March 24, 2020
Morgan Stanley expects initial jobless claims to rise to 3.4 million pic.twitter.com/8EVU9mrXJl
— Win Smart, CFA (@WinfieldSmart) March 24, 2020
Buddy, can you spare dime? Echoes of ’30s in viral crisis?
Economists See Worst-Ever Quarterly Contraction…
Mortgage Firms Brace for Wave of Missed Payments…
https://twitter.com/HondoTomasz/status/1242395318085455872
https://twitter.com/NorthmanTrader/status/1242414942474637318