The relative calm we feel right now isn’t the end of the storm, it is just the eye.

#recession … #GFC2 US edition https://t.co/8AkVM9foew

— Invariant Perspective (@InvariantPersp1) October 23, 2020

#recession … #Global $USD #Liquidity #Squeeze edition$DXY 📈 https://t.co/yy5gFz5p5F

— Invariant Perspective (@InvariantPersp1) October 23, 2020

#recession … #GFC2 US edition

The US economy is starting to roll over again while still well short of a full recovery from the beginning of 2020. https://t.co/dIMA73jBvY

— Invariant Perspective (@InvariantPersp1) October 23, 2020

#recession … #GFC2 #UST #Bonds edition$TLT 📈 https://t.co/WxQNV6PgXU

— Invariant Perspective (@InvariantPersp1) October 23, 2020

🇪🇺 “The clouds are darkening over the euro-area economy and the ECB will have to acknowledge that”

Surging coronavirus infections and renewed lockdowns will prompt the #ECB to step up monetary #stimulus later this year.#EU #EuroZone #economy #recessionhttps://t.co/yFvHLT9xZn pic.twitter.com/GFkh63OA9X

— GnS Economics (@GnSEconomics) October 23, 2020

#recession … #GFC2 US #unemployment edition

The last two months of initial #JoblessClaims, all after reopening the economy, were still much worse than that of any other recession in US history.https://t.co/JevoWUxrbc pic.twitter.com/lHkj9ICVqH

— Invariant Perspective (@InvariantPersp1) October 23, 2020

Euro zone recovery at serious risk as COVID-19 cases rise

“Initial rebound from the lockdown was always going to run out of steam but second wave threatens to push some countries into another #recession and will place #EuroZone recovery on hold”#economyhttps://t.co/mWI6nJS1qc

— GnS Economics (@GnSEconomics) October 23, 2020

13 Signs That Recession will be Global and Worse than 1929 https://t.co/Ows9fyHH7r #recession

— Chillicious (@chilliciouscom) October 23, 2020

🇩🇪 Germans Are Hoarding Toilet Paper and Yeast Again

Figures suggest that hoarding behavior is returning as consumers fear supply shortages and contact restrictions.

And everything else that happened last time.#economy #recessionhttps://t.co/Qw7VjvE6Kz pic.twitter.com/LwJdiW3rje

— GnS Economics (@GnSEconomics) October 23, 2020

#recession … #GFC2 US #Banks edition$WFC $XLF 📉 https://t.co/9SLzi9LzWj

— Invariant Perspective (@InvariantPersp1) October 23, 2020

EUROZONE OCT FLASH CONSUMER CONFIDENCE -15.5; SEP -13.9

— Breaking Market News (@breakingmkts) October 22, 2020

“Rating firms downgraded ~25% leveraged-loan collateral bought by managers since pandemic through Aug. In contrast, they’ve only downgraded ~2% CLO bonds themselves. There were ~$700 billion of CLOs outstanding as of mid-Sept.”

ht ⁦@lisaabramowicz1⁩ https://t.co/hlw5DZhVfq

— Danielle DiMartino Booth (@DiMartinoBooth) October 23, 2020