2 million job losses have been reported as permanent. That’s a 2001-style recession so far and a stat the media ignored https://t.co/cmoqqTmOhC
— GreekFire23 (@GreekFire23) May 8, 2020
HASSETT: ALL UNEMPLOYED EXPECT TO BE REHIRED BY EMPLOYER
that is the stupidest fuking thing i have heard this month.
— Heisenberg Report (@heisenbergrpt) May 8, 2020
This chart from @calculatedrisk is, in one word, breathtaking. pic.twitter.com/C8BatIEwti
— Invictus (@TBPInvictus) May 8, 2020
hmm…something to keep an eye on
Weekly East to West of Suez Gasoil/Diesel Exports (kt) (via Kpler) pic.twitter.com/2b37r0AvL2
— 𝕮𝖍𝖎 🛢️ (@chigrl) May 8, 2020
What investors are not realizing yet is states that are reopening are doing so with 25-50% capacity in store. Find me a restaurant anywhere in America that can stay in business running on 25-50% capacity. States are out of unemployment money already. No new stimulus is approved
— hks55 (@hks55) May 8, 2020
In Sydney despite the relative lack of Covid, the restaurant owners in my area have no interest in opening under conditions. Retailers not opening to spare the harsh reality. Most prefer to be on handouts & a better ($ worse) position to haggle for lower rents with landlords.
— Ron (@rontecarlo) May 8, 2020
"The breadth of job losses is a jarring signal of the massive challenge of restarting vast swaths of the economy – not just a few sectors – and it therefore serves as a stark indication that a 'V-shaped' recovery will not be possible:" BI's @Riccanomix & Yelena Shulyatyeva pic.twitter.com/jVp1ma8VCP
— Lisa Abramowicz (@lisaabramowicz1) May 8, 2020