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...Comfort ratings for those without high school degrees and part-time workers both rose.

"...nobody actually knows how bad it’s going to get..."

49% of companies told Challenger, Gray & Christmas they are very or somewhat likely to conduct layoffs in the next three months...

In addition, Dartmouth, Penn, Yale and Columbia all saw their acceptance rates rise...

The Fed's bailouts threaten more than just the fragile economy... The very foundation of the social order risks permanent fracturing under this system of moral hazard...

Illinois pols have constantly overpromised pension benefits, passed unbalanced budgets and hiked spending, all of which have left the state with a chronic bill backlog...

“They say that life’s a game, & then they take the board away...”

As long as fear of the coronavirus persists, the U.S. economy is going to be in for a world of hurt, and it looks like we may still be in the very early stages of this pandemic...

"It could never happen again..."

So the question is - have homebuilder stocks over-reacted or are we just not seeing the impact of COVID-19 lockdowns in the data yet?

...another 'good guy' with a gun.

“The outlook for the national economy for the year ahead changed dramatically in March, with the majority now expecting bad times financially in the entire country,’’

However, private worker wage growth slowed notably, rising only 3.2% Y/Y, down from 3.7% in Jan and the lowest since Nov 2016

"Serious cases can send people to the emergency room and in some cases to the intensive care unit, a costly out-of-pocket expense."

"The sudden impact of this emergency is requiring us to take many severe and regrettable actions..."

...what we are now witnessing is completely unprecedented.

The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.

...the Department of Education “stopped seizing the wages, tax refunds, and Social Security benefits” of individuals who are defaulting on their student loans.

“Your money is safe at the banks. The last thing you should be doing is pulling your money out of the banks thinking it’s going to be safer somewhere else..."

So much for cutting 'rates' to "help Main Street"...