As GFC2 gathers force, prepare for a massive wave of default and bankruptcy; First time in World History jobless people wait in line for free food packages in shiny cars.

#recession … #Global $USD #Liquidity #Squeeze edition

As #GFC2 gathers force, prepare for a massive wave of #default and #bankruptcy… 👇 https://t.co/7xJ9Otkpfs

— Invariant Perspective (@InvariantPersp1) April 13, 2020

The New Normal Depression:

First time in World History jobless people wait in line for free food packages in shiny cars. https://t.co/eGnTOP0Q9v

— Willem Middelkoop (@wmiddelkoop) April 13, 2020

#recession … US #Debt #Bubble edition
via @michaelxpettis

US financial system on life support while caught in a massive #liquidity #trap… $USD $DXY

THREAD 👇 https://t.co/r7FB5Di61N

— Invariant Perspective (@InvariantPersp1) April 13, 2020

*As of Thur 9, $331bn has been drawn.

IG: 50%
HY: 41%
NR: 9%

>This is just the disclosed amount by large corps per JPM and it excludes many middle market firms and privately owned companies. Total amount much larger. https://t.co/fgOg7EaTmI

— Taylor-Swift Yield Spread (@TayTayLLP) April 13, 2020

#Canada https://t.co/QURtexkfH6

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 13, 2020

https://twitter.com/AndysCycles/status/1249546316440535043

Amongst the G7 the UK is the most vulnerable to a global downturn with public and private debt at 535% of GDP, ex long-term liabilities (pensions). GBP is a banana currency in the making. pic.twitter.com/SID0Fukekl

— SolidusMax (@SolidusMax) April 13, 2020

#recession … #Global $USD #Liquidity #Squeeze edition

The worldwide #Eurodollar #monetary #system contains the seeds of its own destruction, as detailed by Michael Every of #Rabobank below, and as also pointed out most definitively by @JeffSnider_AIP.https://t.co/aSvnWwwpGN pic.twitter.com/5jhfa5WVLB

— Invariant Perspective (@InvariantPersp1) April 13, 2020