FED'S CLARIDA SAYS WE’RE LIVING THROUGH THE MOST SEVERE CONTRACTION IN ACTIVITY AND SURGE IN UNEMPLOYMENT WE’VE SEEN IN OUR LIFETIMES – CNBC
— *Walter Bloomberg (@DeItaone) May 5, 2020
https://twitter.com/Hipster_Trader/status/1257702221992480770
Tomorrow ADP will tell us that 20mm people lost their jobs last month and as the same time the NASDAQ is flat on the year. Truly stunning how fundamentals are meaningless (at least for now).
— Michael Lebowitz, CFA (@michaellebowitz) May 5, 2020
These people are lunatics. Rogoff proposes deep negative rates of -3% enforced upon savers. https://t.co/x2pWhdzr7i
— Steve Saretsky (@SteveSaretsky) May 5, 2020
Consumer is fine guys. Shattered the record in the biggest consumer spending drop in history during April and now at record debt levels. All good!https://t.co/nZhZ5SQadA
— John Tuld (@BradHuston) May 5, 2020
Borrowers with mortgages representing nearly $150 billion in CMBS, 26% of the outstanding debt, have asked about suspending payments in recent weeks: Fitch Ratings. That compares with a peak of 9% in delinquencies & foreclosures following the last crisis. https://t.co/tZZOM2y3HZ
— Lisa Abramowicz (@lisaabramowicz1) May 5, 2020