So as best I can tell this morning we now have:
– A pandemic crisis
– A supply chain crisis
– A demand crisis
– A labor market crisis
– An equity market crisis
– An oil price crisis
– A brewing bond market crisis
– A developing currency crisis
– A potential housing market crisis— Shawn Donnan (@sdonnan) March 18, 2020
This is the largest risk-off event in history yet the safest instruments, the risk-off instruments, sovereign bonds including US Treasuries, are also getting hit.
Everything is dysfunctional, even "the safe stuff" is getting hit. pic.twitter.com/NPZqRe4o7G
— Jim Bianco (@biancoresearch) March 18, 2020
Please see my time stamped tweet yesterday. 🎯
What they don’t realize is buy backs created 95% of stock mkt gains since 2010. How does mkt “recover” with no buy backs? If it doesn’t, what happens to 401k’s? Pensions? How much consumer spending would that destroy into future? t.co/YSlbsMk7gi
— George Gammon (@GeorgeGammon) March 18, 2020
Great point.
This is NOT the flu
This is NOT a GFC
This is a global pandemic the likes of which we haven’t seen for a hundred years. t.co/jPhAzuFkOa— Anil (@anilvohra69) March 18, 2020
With USD got supercharged, I wonder, can EM eurobond be also the soon next black swan (and banks that hold them)?@chigrl @SamanthaLaDuc @HenrikZeberg @LukeGromen
How the Oil Crash Is Hitting Emerging-Market Currenciest.co/d8THmiN0CIt.co/ugco18wosD
— Sky Walker (@skywalker_2k) March 18, 2020
WTI #Oil falls <$25 a barrel for 1st time since 2002 as rout continues on coronavirus fears and price war. pic.twitter.com/eU7TAFIF1f
— Holger Zschaepitz (@Schuldensuehner) March 18, 2020
Here Are the Industries That Could Get Aid From the U.S. Government
Entire industries are hurting and hoping for help from the U.S. government, as Americans cancel travel plans and avoid stores and restaurants because of the…
The Next Jobs Report Will Be Bloody
A new Marist poll this week for NPR/PBS News found 18% of US adults responding they’d already either been laid off or had significant reduction of hours due to the ripple effect of the pandemic.
Gundlach Sees 90% Chance of Recession This Year
DoubleLine Capital CEO Jeffrey Gundlach says the U.S. economy has about a 90% chance of recession this year, up from about 80% last week, as the negative impact of the coronavirus expands.
Nouriel Robin: There Will Be Riots in the Streets
People are not going to have money to buy food once they lose their jobs,’ says Robin…
NYC MAYOR DE BLASIO SAYS MILITARY ASSISTANCE NEEDED IN CITY
— *Walter Bloomberg (@DeItaOne) March 18, 2020