Hey @federalreserve @neelkashkari – look at the RUIN that has become of the capital markets. You guys have turned a "market" into the butt of a bad joke. Congrats. t.co/kwyeWXI1ZE
— Quoth the Raven (@QTRResearch) June 8, 2020
Can confirm. t.co/QkMcxLwyYN
— Bag Holder (@BagholderQuotes) June 8, 2020
Delinquencies rate jumps to 90%… signs that the economy is ready to boom again
— Alessio Urban (@AlessioUrban) June 8, 2020
Airlines running at most overbought levels of the last 10 years and $JETS the most extended above its 50-DMA ever: t.co/la98Wvq4N9 pic.twitter.com/gsylNFp6w9
— Bespoke (@bespokeinvest) June 8, 2020
The bonds of bankrupt businesses are effectively a form of equity. So, if a speculative frenzy jams the stock higher, the bonds will react to it. A capital structure arbitrage.
So, to answer this question in one word … yes! t.co/cqwxeJggIY
— Jim Bianco (@biancoresearch) June 8, 2020
#recession … #GFC2 edition
There isn't anything even close to a precedent for the US #Consumer #Credit destruction now happening… and the #StockMarket expects a V-shaped recovery for an #economy that is more than 70% based on consumer consumption? 🤔t.co/m7AkAIWZnG pic.twitter.com/G9ausNESDa
— Invariant Perspective (@InvariantPersp1) June 8, 2020
Pandemic drives broadest economic collapse in 150 years: World Bank…
Federal Budget Deficit Nears $2 Trillion…