Banks are sounding the alarm about the Trump administration’s implementation of a $350 billion lending program.
Deep in debt with no money coming in, hosts need to make their mortgage payments. Look for a $10 million fund to deplete almost immediately.
Already pessimistic? Morgan Stanley’s team of economists has an even grimmer forecast.
BofA economists forecast that the unemployment rate will soon hit 15.6% from 3.5% as of February.