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The unintended consequence... 

"With payments now expiring, workers in states with low maximum benefit amounts will suffer the biggest shock..."

 

 

The company is working with operators to close low-volume and low-profit restaurants, including 800 in the US...

"I've been in and around this business for around 25 years, and I have never seen anything close to this."

As Americans Ditch Airports And Hotels, RV Boom Saved GDP From Even Bigger Collapse

Managing editor, Ed Harrison, hosts Marc Chandler, chief market strategist at Bannockburn Global Forex, to discuss currency markets, the dollar’s reserve…

No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%...

Clearly those trillions in stimulus payments were put to good use: buying iPhones instead of paying rent.

Another quarter in which the online retailing monopolist crushed expectations.

Revenues beat expectations but grew at only 11% YoY - its lowest growth since the IPO...

“As with the 30-year-olds still living in their parents’ basements, we can only wonder whether the markets will ever be expected to make it on their own...”

Once again, everyone - starting with the Fed - is short vol... 

"People working from home could put fewer miles on vehicles, allowing them to last longer..." 

This is really sad...

 

 

"This follows a deep recession resulting from the pandemic, which put millions of Americans out of work." 

 

The global financial system has for half a century undergone an act of contortion that few believed was possible. This has led to a warped system with fake money and false markets...

He was 74...

... if dealers are indeed bracing for a major drop the Qs, and if today's earnings reports are anything less than perfection, then watch out below.

Even if the pandemic was magically cured tomorrow, Boeing would still be in massive trouble...

Markets hate "uncertainty" ...