Covenant relief…
(liquidity crisis vs solvency crisis) pic.twitter.com/r3rmdstf6z
— Callum Thomas (@Callum_Thomas) June 16, 2020
Powell warns of ‘significant uncertainty’ about the recovery and says small businesses are at risk
- Fed Chairman Jerome Powell warned that “significant uncertainty remains about the timing and strength of the recovery.”
- The central bank leader made the remarks during the first day of his semiannual testimony before Congress.
- They echoed the tone he expressed last week after the Federal Open Market Committee meeting.
- He added a note of caution about small businesses being imperiled by the slow move back from a recession that began in February.
As eviction bans across the country start to lift, the US could face an eviction ‘apocalypse’
Trending:
- IT’S HAPPENING! MULTIPLE COVID19 LAWSUITS AND WINS.
- The Zelensky you don’t know
- Horrific news from Sodom Island
- The Dead Internet theory just got even creepier….
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- This is the future they have planned for us…
- A “Housing Recession” Is Here, And It Isn’t Going To Be Fun…
- We have a liquidity issue. Banks will soon lose trust in one another, and shit will freeze up. Remember what happened in 2008? JPMorgan CEO: “US is heading into something is worse than recession”
- Are They Essentially Erasing Most Of The Internet?
- CLASSIC! When James Comey Investigated Hillary Clinton…” But Her Emails!” [Meme]
Views: 0