CEOs, Wall Street are furiously making hay while the storm moves in.
"This will most likely drive a drawdown much like the one we saw in 2009 and 2010."
Now it’s getting serious.
This comes at the totally wrong time.
This trade has become blood-soaked.
But what’s different this time?
And monetary policies will be “ineffective”: Natixis
Businesses get “crunched” in the Oil Patch, consumers lose it, indexes hit Financial Crisis levels.
“Maybe this isn’t a great indication of the state of the economy.”
And it's far from over.
Just the tip of the iceberg?
Two sides separated by the money line.
That’s what’s beyond the insufferably rosy corporate speak.
“Sluggish westbound volumes have brought about the worst spot market rate collapse that this trade has experienced.”
Unsold new condos spike to all-time record. Industry in denial.