https://twitter.com/hks55/status/1263914696513650693
Dell Halts 401(k) Matching, Pay Raises, Hiring to Preserve Cash
JP Morgan: "We raise our forecast of the unemployment rate and expect it to stay above 10% through year-end"
"We are less confident in 2021 growth prospects and see GDP in 4Q21 5% lower than the pre-pandemic path"
— Nick Timiraos (@NickTimiraos) May 22, 2020
Hmmm…..
Roughly 1-in-4 are unemployed.
Banks won't loan you money with 20% down, a 700+ credit score and a #Job
New and Existing Home Sales are in the tank.#Redfin #Homebuyer #Demand hits record high…
I call Bulls*** pic.twitter.com/3P1WlHW8F4— Lance Roberts (@LanceRoberts) May 22, 2020
B of A – Don't look for V pic.twitter.com/RzHGTlD1RF
— Win Smart, CFA (@WinfieldSmart) May 22, 2020
What angers me more than anything is Powell going on national television saying he has no limits he can buy everything. This just further incentivizes people to do the things that causes the economy to need never ending intervention stimulus moral hazard no growth inequality
https://twitter.com/hks55/status/1263893715803922433