My observations about the Fed’s actions, and why I’m not shorting this crazy market.
Never let a good crisis go to waste. US production, 4th in the world, plunged 32% in April. India’s production, normally in 2nd place, collapsed 64%.
The 20 industries with biggest job losses & the 20 with biggest gains. The unemployment rate would have been 16% if people had responded correctly, said the BLS; that would be 25.3 million unemployed. Abysmal.
Market worrying about a phenomenon much worse than stagflation?
Gig workers now over 1/3 of “insured unemployed.” Gut-wrenching 1.6 million people got laid off in a week, others got their jobs back.
“The recovery is expected to be slow and uneven. It has not started quite yet based on the weak Class 8 orders in May.”
Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.
Are the Work-from-Home-Folks Moving to Cheaper Pastures?
“I’ve stopped defining worst-case scenarios because they keep getting worse every week”: San Francisco’s controller.
A near-real-time roller-coaster of home sales during the pandemic via charts.