Thanks to the #Fed companies are even more levered AFTER the #crash than before. pic.twitter.com/A6lmZ87WTH
— Lance Roberts (@LanceRoberts) May 26, 2020
The coming wave of #defaults looks like it is going to be brutal. pic.twitter.com/j3hNPlEavv
— Lance Roberts (@LanceRoberts) May 26, 2020
Debt Wave is comming… pic.twitter.com/GgBH4hamH7
— Piotr Janiszewski (@ATAFIN) May 26, 2020
#Deflationary phase is not over! Range of #Commodities incl. #Wheat indicate another strong move down. We will not see inflationary forces dominate before this final deflationary bust! #TheZebergReport pic.twitter.com/RoDgRnLuJm
— Henrik Zeberg (@HenrikZeberg) May 25, 2020
twitter.com/paranoidbull/status/1265119849816240128
The Tourism Collapse Is Unprecedented… The recovery will be challenging pic.twitter.com/mKICDDJu2w
— Daniel Lacalle (@dlacalle_IA) May 26, 2020
BofA cautions on fake marketst.co/r24m9ppVBi
— Sven Henrich (@NorthmanTrader) May 26, 2020
LONDON (Reuters) – Analysts at BofA said the cash mountain stockpiled by investors during the coronavirus outbreak looks to have now peaked and cautioned that rampant central bank stimulus was fixing bond prices and creating “fake markets”.
#recession … US #CFNAI edition t.co/04ff1hzD6y
— Invariant Perspective (@InvariantPersp1) May 26, 2020
In some states, the unemployment rate is 30% to 40%.
There is a 29 point gap between the worst state and the best state which is much more than the 10 point gap at the peak of the last recession.
(h/t) @lisaabramowicz1Article: t.co/1rNuPqwBeZ pic.twitter.com/yHJr5LVovn
— UPFINA (@UPFINAcom) May 26, 2020
Powell’s Problem? ‘He Can’t Print Jobs,’ Says Fed Watcher
“He wants to print more money, because he wants to put it into the hands of the lowest third of income earners.”
Hertz Files for U.S. Bankruptcy Protection as Car Rentals Evaporate in Pandemic
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.