“This is still the most bearish bear market that we have seen so early in a global recession. It’s too early to call the all-clear.”

https://twitter.com/TenYearNote/status/1262888028533477376

https://twitter.com/ThinkTankCharts/status/1262828860233695233

In Georgia, where restaurants have been open for three weeks, bookings are still down by 84% https://t.co/fqlY1AT9Xr

— The Economist (@TheEconomist) May 20, 2020

The retail sales report in the US suggests a disastrous fall in personal consumption which amounts to 70% of GDP. @yardeni via @SoberLook pic.twitter.com/a2jTxJ5mXr

— Adam Tooze (@adam_tooze) May 18, 2020

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

Too bad the #bank #reserves created by #Fed #QE aren't actually #money… hence the slide towards #deflation. 📉 https://t.co/G8R8UF1NMG

— Invariant Perspective (@InvariantPersp1) May 20, 2020