What is making my head hurt is the job loss. We will be at 30-40% when all is said and done. No industry will be spared pain. There simply is no way to replace that demand. No amount of stimulus. That& #39;s where the problems start, but the Second and third Order Effects ripple 1/10
Food supply chain
https://www.sharonherald.com/coronavirus-outbreak-squeezing-pennsylvanias-food-supply-chain/article_3375ec38-86ba-11ea-98fe-97dac09b940b.html
2/10">https://www.sharonherald.com/coronavir...
https://www.sharonherald.com/coronavirus-outbreak-squeezing-pennsylvanias-food-supply-chain/article_3375ec38-86ba-11ea-98fe-97dac09b940b.html
2/10">https://www.sharonherald.com/coronavir...
Energy
https://oilprice.com/Energy/Energy-General/The-Shale-Suffering-Has-Only-Just-Begun.html
3/10">https://oilprice.com/Energy/En...
https://oilprice.com/Energy/Energy-General/The-Shale-Suffering-Has-Only-Just-Begun.html
3/10">https://oilprice.com/Energy/En...
Mortgage and soon real estate will feel this, hard
https://www.thestreet.com/mishtalk/economics/over-6-of-all-mortgages-now-in-forbearance
4/10">https://www.thestreet.com/mishtalk/...
https://www.thestreet.com/mishtalk/economics/over-6-of-all-mortgages-now-in-forbearance
4/10">https://www.thestreet.com/mishtalk/...
Now let& #39;s go around the world
https://www.bloomberg.com/news/articles/2020-04-18/millions-of-orchids-are-being-thrown-out-by-top-world-exporter
5/10">https://www.bloomberg.com/news/arti...
https://www.bloomberg.com/news/articles/2020-04-18/millions-of-orchids-are-being-thrown-out-by-top-world-exporter
5/10">https://www.bloomberg.com/news/arti...
Downright terrifying
https://www.theguardian.com/global-development/2020/apr/20/im-trapped-the-uae-migrant-workers-left-stranded-by-covid-19-job-losses
6/10">https://www.theguardian.com/global-de...
https://www.theguardian.com/global-development/2020/apr/20/im-trapped-the-uae-migrant-workers-left-stranded-by-covid-19-job-losses
6/10">https://www.theguardian.com/global-de...
Breadlines 2.0
https://prospect.org/coronavirus/the-return-of-the-breadline/
7/10">https://prospect.org/coronavir...
https://prospect.org/coronavirus/the-return-of-the-breadline/
7/10">https://prospect.org/coronavir...
Most of these jobs are gone
https://www.restaurantbusinessonline.com/financing/lot-restaurants-are-already-permanently-closed
8/10">https://www.restaurantbusinessonline.com/financing...
https://www.restaurantbusinessonline.com/financing/lot-restaurants-are-already-permanently-closed
8/10">https://www.restaurantbusinessonline.com/financing...
Heartbreaking and faster than anytime in history, it& #39;s a Depression.
https://apnews.com/e928d091f81f75b9bc8830c7370f41fb
9/10">https://apnews.com/e928d091f...
https://apnews.com/e928d091f81f75b9bc8830c7370f41fb
9/10">https://apnews.com/e928d091f...
"Idle workers and idle machines pushed prices down, delaying the recovery. We cannot let it happen again."
This is the fight, the market wants a severe deflation. The Fed is going to fight this, and my bet is they lose. They do not understand it. The END https://www.washingtonpost.com/opinions/here-comes-the-great-deflation-threat/2020/04/05/27ca18ce-75fc-11ea-87da-77a8136c1a6d_story.html">https://www.washingtonpost.com/opinions/...
This is the fight, the market wants a severe deflation. The Fed is going to fight this, and my bet is they lose. They do not understand it. The END https://www.washingtonpost.com/opinions/here-comes-the-great-deflation-threat/2020/04/05/27ca18ce-75fc-11ea-87da-77a8136c1a6d_story.html">https://www.washingtonpost.com/opinions/...
* all attempts to stop this with conventional monetary policy will fail. Current "stimulus" from Congress is just to try to stem societal breakdown. This will take years to fix, and our current leaders are not up to the task. All levels, all sides. Private sector, public sector.