As GFC2 gathers force, prepare for a massive wave of default and bankruptcy; First time in World History jobless people wait in line for free food packages in shiny cars.

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

As #GFC2 gathers force, prepare for a massive wave of #default and #bankruptcy… 👇 t.co/7xJ9Otkpfs

— Invariant Perspective (@InvariantPersp1) April 13, 2020

The New Normal Depression:

First time in World History jobless people wait in line for free food packages in shiny cars. t.co/eGnTOP0Q9v

— willem middelkoop (@wmiddelkoop) April 13, 2020

#recession … US #Debt #Bubble edition
via @michaelxpettis

US financial system on life support while caught in a massive #liquidity #trap… $USD $DXY

THREAD 👇 t.co/r7FB5Di61N

— Invariant Perspective (@InvariantPersp1) April 13, 2020

*As of Thur 9, $331bn has been drawn.

IG: 50%
HY: 41%
NR: 9%

>This is just the disclosed amount by large corps per JPM and it excludes many middle market firms and privately owned companies. Total amount much larger. t.co/fgOg7EaTmI

— Taylor-Swift Yield Spread (@TayTayLLP) April 13, 2020

#Canada t.co/QURtexkfH6

— 𝕮𝖍𝖎 🛢️ (@chigrl) April 13, 2020

JPMorgan Scrambles To Raise Mortgage Borrowing Standards Ahead Of "Biggest Wave Of Defaults In History" t.co/ZHsfzBWVG5 #economics #feedly

— Market Musings (@AndysCycles) April 13, 2020

Amongst the G7 the UK is the most vulnerable to a global downturn with public and private debt at 535% of GDP, ex long-term liabilities (pensions). GBP is a banana currency in the making. pic.twitter.com/SID0Fukekl

— Silver Watchdog (@Silver_Watchdog) April 13, 2020

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

The worldwide #Eurodollar #monetary #system contains the seeds of its own destruction, as detailed by Michael Every of #Rabobank below, and as also pointed out most definitively by @JeffSnider_AIP.t.co/aSvnWwwpGN pic.twitter.com/5jhfa5WVLB

— Invariant Perspective (@InvariantPersp1) April 13, 2020