‘Studies estimate 42% of the 34 mil in jobless claims will be permanent…. So you’re transitioning from Depression to deep recessionary levels’

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“Studies estimate 42% of the 34 mil in jobless claims will be permanent. That’s 14.5 million or 10% unemployment. That’s right in line with the peak of the GFC. So you’re transitioning from Depression to deep recessionary levels.”

The Era of Stock Buybacks Could Be Over, Economist Jim O’Neill Says

“In the spirit of never letting a crisis go to waste, it definitely gives governments a chance to do that if they want to,” he said.

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