ZeroHedge Search

Just 69% of tenants paid any rent between April 1 and 5...

But calls for a Debt Jubilee are not limited to just emerging markets...

Pelosi and Senate Democratic Leader Chuck Schumer are demanding that more aid for hospitals, local governments and food assistance be added to the small business aid proposal

"This is the worst external shock in anyone's living memory; it is as if a meteor hit the Earth and now we have to put it back on its axis." 

We are now in a crisis of epic proportions... But, how massive can the crisis eventually get?

“All participants viewed the near-term U.S. economic outlook as having deteriorated sharply in recent weeks and as having become profoundly uncertain,”

There will be an eventual return to pre-virus normality, but the timeline will be measured in quarters, or years – not weeks or months.

Overall, this was a solid, stopping through auction and one which underpinned the long-end of the curve.

"World trade is expected to fall by between 13% and 32% in 2020..."

All major economies had plunged into a "sharp slowdown" with only India registering as being in a mere "slowdown".

"The Italians want a reference to debt mutualisation as a possible recovery instrument to be analysed more in the future. The Dutch say "no"."

Never before has the US government caused a recession, or depression, simply by shutting down the economy...

Alas, February data was meaningless; however next month's data will be extremely interesting, as it will show that US consumers either splurged like mad, charging everything as the crisis hit, or they went into a savings hibernation.

"It will hit the most vulnerable the hardest."

...no, economists are not cynical bastards who are so blindly obsessed with the stock market that they do not care whether your grandmother dies...

There was some good and some bad news in today's JOLTs/job openings report.

The Capital One pseudo-bailout remains the greatest mystery since the loss of the merchant card processing with Costco wholesale.

Significant slow-down in daily deaths across Europe have optimistic leaders eyeing rapid re-opening of their economies...

About half of small employers said they can survive for no more than two months under the current business conditions.

"We will see a complete collapse of economies and livelihoods. Livelihoods will be wiped out in a way we have never seen before."