More signs of a newly worsening collateral crunch in worldwide US dollar funding markets, including repo fails.

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

More signs of a newly worsening #collateral #crunch in worldwide US #dollar #funding #markets, including #repo #fails. Great for $TLT! 📈 t.co/fRVkDb7FoK

— Invariant Perspective (@InvariantPersp1) June 29, 2020

JPMORGAN: “.. signs that the pandemic has not been contained create a tension in our forecast. .. [T]here is a risk that some combination of policy and behavior pullbacks in response to the rising number of infections could lead to a worse outcome.” pic.twitter.com/Ngt9MQWTat

— Carl Quintanilla (@carlquintanilla) June 29, 2020

What recovery? Auto sales by month, US vs. China.
US:
Jan 1,147,041
Feb 1,425,494
Mar 903,194
Apr 168,850
May 312,113

China:
Jan 1,607,000
Feb 224,000
Mar 1,043,000
Apr 1,536,000
May ?

Note to US policymakers: the US economy is on a ventilator. YOU MUST MAKE PEOPLE FEEL SAFE.

— Alan Grayson (@AlanGrayson) June 29, 2020

#coronavirus #coronavirususa #SARSCoV2 #COVID19 #COVID19USA t.co/mCgxxtdwqx

— Invariant Perspective (@InvariantPersp1) June 29, 2020

Dow jones: Not long to go now. pic.twitter.com/BczWUuXr6Q

— The Great Martis (@great_martis) June 29, 2020

COVID-19 updates for Monday, June 29th. pic.twitter.com/VYZiNYmwBL

— Katie Couric (@katiecouric) June 29, 2020