A Crisis Unlike Anything We Have Ever Seen. Economic Collapse Stimulus Can’t Fix

Why We Don’t Know Which Businesses Are Getting COVID-19 Aid | Time https://time.com/5829594/business-coronavirus-relief/ New York City’s subway system may turn to the Federal Reserve for a loan https://www.cnbc.com/2020/04/30/new-york-citys-subway-system-may-turn-to-the-federal-reserve-for-a-loan.html U.S. Mortgage Rates Tumble to a Record Low https://finance.yahoo.com/news/u-mortgage-rates-tumble-record-140000589.html 196abc7f6da78cd819517b9fc9eda647 (1200×675) https://s.yimg.com/ny/api/res/1.2/W9eO4yPDL0EtqAdgWnNUNQ–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9MTIwMDtoPTY3NQ–/https://media.zenfs.com/en/bloomberg_markets_842/196abc7f6da78cd819517b9fc9eda647 …

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Deflationary Spiral Incoming

by Reduntu Cliffs: Anecdotal evidence suggests wages are starting to decline. Wages never decline — people and employers prefer layoffs. Employees are unwilling to take pay cuts, and employers don’t want to destroy morale. Wages didn’t even decline in the …

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We are in systemic collapse. This is the systemic moment…. “In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.”

We are in Systemic Collapse. This is the Systemic Moment. — Paranoid Bull (@paranoidbull) May 2, 2020 BULLARD: EXTENDED PAUSE WILL START BREAKING PARTS OF ECONOMY — *Walter Bloomberg (@DeItaone) May 1, 2020 “In a liquidity crisis, otherwise healthy firms …

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The Media is a joke

by oclotty SOURCE IT’S REAL, AND IT’S THE OPPOSITE OF SPECTACULAR:   Media gives mask-less Mike Pence three times the coverage of Biden’s sex-assault accusations Poll: More voters believe media favors Democrats over Republicans when it comes to #MeToo Media …

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The hypocrisy is mindbogglingly!

(26 Sep 2018) Led by House Minority Leader Nancy Pelosi, Democratic Representatives gathered to express their frustration at how GOP Senators are handling the questioning about allegations of sexual assault against Supreme Court nominee Brett Kavanaugh. (Sept. 26) House Speaker …

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WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.”

WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.” — Jim Acosta (@Acosta) April 30, 2020 Reality is …

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EVERGREEN HEADLINE: Blame Bill de Blasio.

via nationalreview New York City’s population density is off the charts compared with the rest of the U.S., as is its usage of mass transit. A map of COVID-19’s lethality maps fairly neatly onto the subway map, with infections increasing for the lengthiest …

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Lindsey Graham: “AG Barr has three goals I share: *Right wrongs like General Flynn *Hold people accountable who have engaged in misconduct.”

Lindsey Graham Verified account @LindseyGrahamSC Attorney General Barr needs to be complimented. He’s doing the right thing. AG Barr has three goals I share: * Restore trust. * Hold people accountable who have engaged in misconduct. *Right wrongs like General …

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