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Tuesday, October 20, 2020
the-worst-is-over-for-arizona’s-covid-breakout,-goldman-finds

The Worst Is Over For Arizona’s COVID Breakout, Goldman Finds

Several months ago, the coronavirus pandemic mutated from a purely epidemiological phenomenon and became a full-blown political issue, with clear ideological divisions forming along the lines of whether or not to pursue strict shutdowns (and in some cases, whether to engage in another round of economic closures) all the way down to whether masks should…
the-three-best-and-worst-ideas-of-the-crisis

The Three Best And Worst Ideas Of The Crisis

Authored by Veronique de Rugy via The American Institute for Economic Research, In typical fashion, politicians in Washington already are talking about passing, before the August recess, another COVID-19 bill. Never mind that between the Federal Reserve and the spending, the sum injected into the economy now exceeds $10 trillion. Overlook also the fact that we don’t…
worst-unemployment-spike-in-history-–-1-in-4-american-workers-has-filed-for-unemployment-benefits-in-2020

Worst Unemployment Spike In History – 1 In 4 American Workers Has Filed For...

Authored by Michael Snyder via TheMostImportantNews.com, Even though most U.S. states have begun the process of “reopening” their economies, the unprecedented tsunami of job losses that we have been experiencing just continues to roll on.  On Thursday, we learned that another 2.4 million Americans filed initial claims for unemployment benefits during the previous week, and…
“the-worst-case-for-markets”:-massive-stagflation-in-2021-as-prices-rise-without-rising-wages

“The Worst Case For Markets”: Massive Stagflation In 2021 As Prices Rise Without Rising...

Authored by Vincent Cignarella, Bloomberg macro commentator "We are witnessing the Great Monetary Inflation (GMI)—an unprecedented expansion of every form of money unlike anything the developed world has ever seen." - Paul Tudor Jones The current worry in global markets is a recession, or worse, as the shutdowns to contain the pandemic rob workers of…
“bracing-for-the-worst-crash-of-their-careers”:-a-quarter-of-all-outstanding-cmbs-debt-is-on-verge-of-default

“Bracing For The Worst Crash Of Their Careers”: A Quarter Of All Outstanding CMBS...

Last week we reported that according to the latest TREPP remittance data compiled by Morgan Stanley, a record 66 CMBS loans totaling $1.0bn became newly delinquent in April, which was the greatest month-over-month change. In total, 324 loans with a total balance of $4.8bn are currently delinquent, which is also an all time high. What…
april-will-be-the-worst-month-on-record-for-auto-sales

April Will Be The Worst Month On Record For Auto Sales

In a world breaking economic records left and right, we can add one more: April is set to be the worst month ever for auto sales. According to the car shopping experts at Edmunds, April will be a record down month for the auto industry - for obvious reasons - forecasting that just 633,260 new…
“imagine-the-worst-case-scenario,-protect-yourself”-–-ray-dalio-warns-virus-will-“annihilate”-some-markets

“Imagine The Worst Case Scenario, Protect Yourself” – Ray Dalio Warns Virus Will “Annihilate”...

The coronavirus is a once-in-a-lifetime epidemic that will crush those who don't defend for a worst-case scenario, Bridgewater co-founder Ray Dalio wrote in a Tuesday LinkedIn post. I will repeat my overarching perspective, which is that I don’t like to take bets on things that I don’t feel I have a big edge on, I don’t…
“worst-market-in-30-years”-–-400,000-commodity-railcars-sit-idle-amid-industrial-recession 

“Worst Market In 30 Years” – 400,000 Commodity Railcars Sit Idle Amid Industrial Recession 

Wells Fargo, Citigroup, PNC Financial Service Group, and CIT Group accumulated hundreds of thousands of commodity hauling railcars in North America over the last decade. These banks believed railcars carrying coal, grain, and other commodities were going to be highly profitable but have recently turned out to be a major headache as many cars are…
the-risk-of-a-strike-at-gm-just-hit-a-12-year-high-at-the-worst-possible-time

The Risk Of A Strike At GM Just Hit A 12 Year High At...

The global auto industry is undoubtedly in the midst of a worldwide recession, the latest example of which we just highlighted out of China. Compounding the U.S./China trade war issue is the fact that consumers globally are, for lack of a better word, mired in debt and simply broke. Which is why a strike at…
a-momo-calypse:-worst-day-for-l/s-hedge-funds-since-feb-2018-vixplosion

A-Momo-calypse: Worst Day For L/S Hedge Funds Since Feb 2018 VIXplosion

Having squeezed higher overnight and accelerated after the US open, it appears the catalyst for the sudden dump in US equity markets is the European market close... Nasdaq futures illustrate the technical nature of the move best as the drop erases the sudden spike at the US open on Friday (after payrolls missed)... As it…
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