The Job CUTS Will Be PERMANENT. Expect Massive Defaults At A Historic Scale.

The Federal Reserve has expanded its balance sheet again. No surprise there. The government has long ago run out of funds, increasing their deficits at record speed. No surprise there either. The jobs are going away in many cases permanently. That puts extreme deflationary pressure on the economy as a whole. Which in turn gives the Fed an excuse to keep the printing presses rolling, funnelling money directly to their friends in high places. Now watch the docile many, cling to their $1200, beg and plead for more from the Federal Reserve, not knowing a single fact about them.

 

Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

fred.stlouisfed.org/series/WALCL

Americans Agonize Over $1,200 Relief Payments That Won’t Be Enough

www.bloombergquint.com/global-economics/at-kitchen-tables-agonizing-over-1-200-that-won-t-be-enough

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www.zerohedge.com/s3/files/inline-images/2020-04-16%20%282%29_0.png?itok=QoOxNe02

Cantor Plans Hundreds of Job Cuts in Break From Wall Street – Bloomberg

www.bloomberg.com/news/articles/2020-04-16/cantor-to-cut-hundreds-of-jobs-in-break-from-wall-street-pledge

Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200 – Bloomberg

www.bloomberg.com/news/articles/2020-04-17/guggenheim-s-minerd-sees-chance-of-s-p-falling-as-low-as-1-200?sref=6uww027M

SPX most concentrated ever.jpg (1119×706)

www.zerohedge.com/s3/files/inline-images/SPX%20most%20concentrated%20ever.jpg?itok=e7i7B_NI

Give Me 5 Minutes and I’ll Prove Why You Must Sell All of Your Stocks and Buy Just THESE 4! – YouTube

www.youtube.com/watch?v=tFXLdyFQC9w

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www.zerohedge.com/s3/files/inline-images/bfm447C.jpg?itok=Bi8LzCy5

U.S. leading economic indicators sink record 6.7% in March as coronavirus spreads – MarketWatch

www.marketwatch.com/story/us-leading-economic-indicators-post-record-67-plunge-in-march-as-covid-19-pandemic-broke-out-2020-04-17

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www.zerohedge.com/s3/files/inline-images/2020-04-17_7-10-09.jpg?itok=ZnuCykNN

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www.zerohedge.com/s3/files/inline-images/2020-04-17_7-08-53.jpg?itok=GFJJ_LVX

Half of the world has asked the IMF for a bailout, chief says

www.cnbc.com/2020/04/15/half-of-the-world-has-asked-the-imf-for-a-bailout-chief-says.html

IMF says half the world has asked for a bailout – CNN

edition.cnn.com/2020/04/16/economy/imf-global-bailout/index.html

These 10 colleges are receiving the most federal bailout money

www.campusreform.org/?ID=14730

Tampa Bay Times gets federal loan to help with revenue losses caused by pandemic

www.tampabay.com/news/business/2020/04/17/tampa-bay-times-gets-federal-loan-to-help-with-revenue-losses-caused-by-pandemic/

Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ – WSJ

www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006?mod=searchresults&page=1&pos=4

Moody’s May Cut $22 Billlion of CLO Bonds on Pandemic Losses – Bloomberg

www.bloomberg.com/news/articles/2020-04-18/moody-s-may-downgrade-22-billlion-of-clo-bonds-on-covid-risk?srnd=premium-canada

Research: Rating Action: Moody’s downgrades Mexico’s ratings to Baa1, maintains negative outlook – Moody’s

www.moodys.com/research/Moodys-downgrades-Mexicos-ratings-to-Baa1-maintains-negative-outlook–PR_422013