As expected, worst sales data came through. Factory data also plummeted. The Fed is now concerned about the major downward trend that is present and could easily set off a new 1930’s breakdown. The deficit spending is historic and the debt has added up to levels never seen in history. But nobody really cares anyway since ignoring reality is so trendy these days. Well, i’m glad…
US retail sales plunge a record 16.4% in April 2020
www.cnbc.com/2020/05/15/us-retail-sales-april-2020.html
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U.S. Factory Production Plummets by Most in Records to 1919 – Bloomberg
One-Quarter of American Restaurants Won’t Reopen, OpenTable Says – Bloomberg
JCPenney Paid Top Execs Huge Bonuses Before Edging Toward Bankruptcy | Observer
observer.com/2020/05/jcpenney-pay-exec-bonus-amid-filing-bankruptcy-coronavirus-layoff/
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www.zerohedge.com/s3/files/inline-images/2020-05-15.png?itok=Tu1hTXGX
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www.zerohedge.com/s3/files/inline-images/bfmE595_0.jpg?itok=Ot5a9hma
Cass Transportation Index Report | April 2020 | Cass Information Systems
www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/april-2020
‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies
www.bloombergquint.com/politics/-stealth-bailout-shovels-millions-of-dollars-to-oil-companies