Global Economic Collapse and the Mountain of Debt! Millions Can’t Pay Their Bills!

Do you think that we will see more risk taking by corporations now that the Fed is bailing them all out?

 

The Fed has printed $1.6 trillion in a matter of 4 weeks for just one of their many, many programs. That has never happened before. Not even close. Many big money managers have now gone all in, calling the bottom. Meanwhile, we are clearly about to face the most shocking economic collapse as millions of Americans have found themselves without a job, and no way to pay their bills. This cannot be turned around by a $1200 check in the mail. Brace for impact.

 

The Federal Reserve’s Recent Actions to Support the Flow of Credit to Households and Businesses – FEDERAL RESERVE BANK of NEW YORK

https://www.newyorkfed.org/newsevents/speeches/2020/log200414

Wall Street feasts on federal coronavirus aid while Main Street starves

https://nypost.com/2020/04/14/wall-street-feasts-on-federal-coronavirus-aid-while-main-street-starves/

Coronavirus US: Thousands of cars line up at LA food bank | Daily Mail Online

https://www.dailymail.co.uk/news/article-8218267/Thousands-cars-line-Los-Angeles-food-bank.html

Ruth’s Chris Steak House Gets $20 Million From Coronavirus Aid Program – WSJ

https://www.wsj.com/articles/ruths-chris-steak-house-gets-20-million-from-coronavirus-aid-program-11586895864

Tesla Seeks Rent Savings Amid Coronavirus Crunch – WSJ

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

Hedge Fund Managers Claiming Bailouts as Small Businesses – Bloomberg

https://www.bloomberg.com/news/articles/2020-04-14/hedge-fund-managers-are-claiming-bailouts-as-small-businesses

Newsroom – American Airlines To Receive $5.8 Billion in Payroll Support From U.S. Department of the Treasury – American Airlines Group, Inc.

http://news.aa.com/news/news-details/2020/American-Airlines-To-Receive-58-Billion-in-Payroll-Support-From-US-Department-of-the-Treasury-OPS-DIS-04/default.aspx

Jeff Bezos Gains $24 Billion While World’s Rich Reap Bailout Rewards

https://finance.yahoo.com/news/jeff-bezos-gains-24-billion-205201129.html

American hauls in $5.8B and asks Treasury for more (NASDAQ:AAL) | Seeking Alpha

https://seekingalpha.com/news/3560715-american-hauls-in-5_8b-and-asks-treasury-for

IMF: Global economy to contract by 3% due to coronavirus

https://www.cnbc.com/2020/04/14/imf-global-economy-to-contract-by-3percent-due-to-coronavirus.html

Goldman: Downturn will be four times worse than the financial crisis

https://www.cnbc.com/2020/04/14/goldman-downturn-will-be-four-times-worse-than-the-financial-crisis.html

JPMorgan Prepares for Wave of Defaults Linked to Coronavirus Shutdown – WSJ

https://www.wsj.com/articles/jpmorgan-chase-reports-profit-falls-69-amid-u-s-coronavirus-outbreak-11586862723

JPMorgan Chase (JPM) earnings Q1 2020 show big decline

https://www.cnbc.com/2020/04/14/jpmorgan-chase-jpm-earnings-q1-2020.html

Coronavirus pushes annual deficit forecasts toward $4 trillion – Roll Call

https://www.rollcall.com/2020/04/13/coronavirus-pushes-annual-deficit-forecasts-toward-4-trillion/

Small-business funds dwindle as virus aid package sputters – Roll Call

https://www.rollcall.com/2020/04/13/small-business-funds-dwindle-as-virus-aid-package-sputters/

Memos from Howard Marks

https://www.oaktreecapital.com/insights/howard-marks-memos

Stock-market investing strategy, recommendations for coronavirus: MS – Business Insider

https://www.businessinsider.com/stock-market-investing-strategy-recommendations-tips-for-coronavirus-morgan-stanley-2020-4

Jim Cramer on ‘Mad Money’ viral pic: ‘Seething anger’ for Wall Street

https://www.cnbc.com/2020/04/14/jim-cramer-on-mad-money-viral-pic-seething-anger-for-wall-street.html

Food supply worries grow after outbreak closes Smithfield meat plant | TheHill

https://thehill.com/business-a-lobbying/business-a-lobbying/492625-food-supply-worries-grow-after-outbreak-closes