One of the most important spreadsheets highlighting the economic turmoil and general clusterfuck we& #39;re facing.
Near Zero Economic Activity
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Extreme Unemployment
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> No Rents
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Debt Freeze
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Payment Relief Schemes
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Collapse
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> More Stimulus
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Gradual Reopen
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Slow Recovery
Near Zero Economic Activity
Small banks are the first to go.
I have some anecdotal personal info about a handful of others + some inside information (friends / acquaintances) about several small/medium businesses within the financial services sector that are likely to go under. https://www.marketwatch.com/story/fdic-announces-first-bank-failure-of-coronavirus-crisis-2020-04-03">https://www.marketwatch.com/story/fdi...
I have some anecdotal personal info about a handful of others + some inside information (friends / acquaintances) about several small/medium businesses within the financial services sector that are likely to go under. https://www.marketwatch.com/story/fdic-announces-first-bank-failure-of-coronavirus-crisis-2020-04-03">https://www.marketwatch.com/story/fdi...
- First April
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Then May
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Then June
- Now it& #39;s 1/3
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Next it& #39;s 4/5
- First it& #39;s & #39;One Small Bank& #39;
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Soon it will be a few more
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> At some point it will be a more significant institution
https://abs.twimg.com/emoji/v2/... draggable="false" alt="π" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> Then it& #39;s & #39;Too Big To Fail& #39; - The Sequel https://twitter.com/TheCompoundNews/status/1247839825346134017?s=20">https://twitter.com/TheCompou...
- Now it& #39;s 1/3
- First it& #39;s & #39;One Small Bank& #39;
"Roughly one in six small businesses that have loans with Bank of America are now in some sort of payment deferral program."
https://abcnews.go.com/Business/wireStory/bank-america-1q-profit-falls-45-due-virus-70159176">https://abcnews.go.com/Business/...
https://abcnews.go.com/Business/wireStory/bank-america-1q-profit-falls-45-due-virus-70159176">https://abcnews.go.com/Business/...