The domino effect has begun. Only problem is the little guy will fall first…..

The domino effect has begun. Only problem is the little guy will fall first…..

— Cis (@Cis95732366) April 8, 2020

1 in 4 Americans Have Either Lost Their Job or Had Pay Cut From Shutdowns

The CNBC All-America Survey found 10% saying they have lost their job and 16% reporting they have seen their wages or salary reduced.

Chart showing that this crisis is deeper than the 2008-one #281

Here retail sales growth versus early credit card data. Bad!https://t.co/aSEa7t1CJs pic.twitter.com/8dvTXcjnS2

— Andreas Steno Larsen (@AndreasSteno) April 8, 2020

Nearly a third of US renters did not pay their April rent

– WSJ

Wow 😢@DiMartinoBooth @GaryKaltbaum @OpenOutcrier

— Reminiscences of an American Capitalist (@4Awesometweet) April 8, 2020

BREAKING: 🚨

The coronavirus pandemic could cause a deeper collapse of international trade flows than at any point in the postwar era, the World Trade Organization said.

This is something not being factored in by deflation theorists, supply chain destruction! Very inflationary! pic.twitter.com/MgwTfKVNvs

— Gold Telegraph ⚡ (@GoldTelegraph) April 8, 2020

@Schuldensuehner saying out loud what no one wants to believe. https://t.co/SgzEyPdT94

— Danielle DiMartino Booth (@DiMartinoBooth) April 8, 2020

Wells Fargo getting a break from the Fed which will “temporarily and narrowly modify” the cap on its assets so Wells can expand lending to small businesses through the PPP & Fed’s upcoming Main Street Lending Program.

Make that 34 Fed actions since stocks peaked 2/19.@markets

— Danielle DiMartino Booth (@DiMartinoBooth) April 8, 2020