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Small Businesses In Catch-22 Begin Revolt: 'Defy State's Stay-At-Home Order Or Face Collections'

“I have to do what I have to do. I’m fighting to provide for my children and myself and my family right now.”

  • Apr 26, 2020 1:50 PM

Most Americans Will Be Scared To Return To Malls When Stores Finally Reopen

Only one-third of American adults surveyed said that they will feel safe shopping in a mall after stores reopen.

  • Apr 26, 2020 10:55 AM

"The Math Is Not Pretty" - COVID Concerns Spark "Existential Threat" For Many Colleges

"This idea — that we can somehow just get back to normal and go back to school in the fall..."

  • Apr 25, 2020 3:55 PM

"Like A Black Mirror Episode": Company Laid Off 406 People In 2-Minute Zoom Call

Eerie mass firing call subsequently posted online: all email and Slack accounts instantly deactivated as staff listened in shock & meeting then reverted to a locked gray screen...

  • Apr 25, 2020 3:05 PM

The Three D's Of Recession Severity

...depth, diffusion, and duration.

  • Apr 25, 2020 1:50 PM

Italy Stick Saved As S&P Refuses To Downgrade To Junk

"we could lower the ratings if government debt to GDP fails to shift onto a clearly discernible downward path over the next three years."

  • Apr 24, 2020 4:22 PM

US Will Bar Hedge Funds, Private Equity Firms From Small Business Loan Program

They are primarily engaged in investment speculation...

  • Apr 24, 2020 11:46 AM

"Washed Under The Rug": Small Business Owners Livid Over PPP Bailout Debacle

"Americans live in two separate and unequal worlds..."

  • Apr 24, 2020 10:35 AM

US Durable Goods Orders Collapse In Early March Data

The biggest driver of the drop was Boeing order cancellations... four times worse than during the great financial crisis.

  • Apr 24, 2020 8:36 AM

Fitch Warns Of Record Loan Defaults In April As Economy Implodes

"Fitch anticipates the default rate will exceed 3% in May, which would be the highest since March 2015."

  • Apr 24, 2020 8:03 AM

Which States Are Most At Risk From The Economic "Reopening"

States in the US that are most at risk from a second wave of infections once the economy reopens, are those where a high level of physical contact makes social distancing difficult if not impossible.

  • Apr 24, 2020 12:17 AM

Unintended Consequences: The Fed's Record Liquidity Flood Has Broken Europe's Funding Markets

We have gotten to the point where overly aggressive intervention by one central bank immediately necessitates an equal and offsetting intervention by all other DM central banks,

  • Apr 23, 2020 10:12 PM

UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries 

"The whole world's f**ked."

  • Apr 23, 2020 9:25 PM

Debt-Stricken Lebanon Becomes First Arab Country To Legalize Cannabis Growth

Lebanese officials recently touted Lebanese marijuana quality as "one of the best in the world" & touted an expected additional $1 billion per year in government revenue...

  • Apr 23, 2020 8:45 PM

Live Webcast With Mohamed El-Erian: Ask Questions On Markets, The Economy And Covid-19

Join Mohamed El-Erian for a deep dive into the future of the global economy after COVID19.

  • Apr 23, 2020 8:29 PM

Rubio Demands Banks Explain If Certain Borrowers Favored For PPP Loans

"It is important for small businesses and nonprofits of various sizes, regional locations, and missions to have equal access to PPP assistance."

  • Apr 23, 2020 5:25 PM

European Summit Flops: No Agreement Reached, Four "Frugal" EU Countries Oppose Grants

It seems that Europe really wants another sovereign debt crisis.

  • Apr 23, 2020 1:05 PM

US New Home Sales Have Never Dropped This Much In March... Ever

This is the biggest decline for March... ever...

  • Apr 23, 2020 10:05 AM

The Lessons Learned From Today's Disastrous Global PMIs

"Talk about a potential blow to morale. There might be light at the end of the tunnel, but we’re still in it..."

  • Apr 23, 2020 9:50 AM

"Unprecedented Damage To The Euro Zone" - European PMIs Hammered By Record Collapse

"The ferocity of the slump has also surpassed that thought imaginable by most economists."

  • Apr 23, 2020 7:53 AM

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