Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
“We are temporarily a company with no product and no revenue.”
Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
Now even the fig leaf is gone.
All eyes are on China to see how air transport will change in the aftermath of the crisis.
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.