To keep in mind! US bankruptcies are spiking, initial jobless claims are transforming into permanent job losses and second waves are likely if not a given.

To keep in mind! US bankruptcies are spiking, initial jobless claims are transforming into permanent job losses and second waves are likely if not a given. Chart via @trevornoren pic.twitter.com/sVmhX44XpU

— jeroen blokland (@jsblokland) July 19, 2020

#recession … #GFC2 US edition

On top of the millions of #layoffs, these #paycuts and #payfreezes of high #income workers herald #deflation and #depression… 📉 https://t.co/ErFmA7L5ek pic.twitter.com/okcLC5v0YB

— Invariant Perspective (@InvariantPersp1) July 20, 2020

Furloughs are becoming permanent layoffs. “We cannot defy gravity and continue with the business model we had before the pandemic.” https://t.co/a6vnbi8Jxk

— Lisa Abramowicz (@lisaabramowicz1) July 19, 2020

🧐Insiders Selling climax by @Callum_Thomas
⭐️⭐️⭐️⭐️⭐️ Big fall on track (days, weeks…) pic.twitter.com/lh5qxWIKJC

— Antonio Pérez-Algás (@apanalis) July 20, 2020

https://twitter.com/AndysCycles/status/1285072015825625088