GE Aviation Lays Off 50% Of Engine Manufacturing Staff

“Due to the unprecedented impact of COVID-19 on the commercial aviation industry, GE Aviation is implementing a temporary reduction in commercial engine assembly and some component manufacturing operations for up to four weeks,”

  • Apr 2, 2020 1:25 PM

ADP Confirms The Worst Is Yet To Come

Given we don’t have data for the whole month and that the lockdown measures were after the survey, it is likely that job cuts surpassed the previous record of February 2009, at minus 174,000.

  • Apr 1, 2020 3:01 PM

What If The Fed Did Nothing?

...with each new monetary stimulus and round of bail-outs, our society will find itself with fewer and fewer savers who can be squeezed to rescue the economy...

  • Apr 1, 2020 11:15 AM