Viral Recession Or Depression? How Deep Does It Get?
Former IMF chief economist Maury Obstfeld said the world hasn’t seen a synchronized interruption in economic output in decades. He says "depression."
Recent
Unprecedented And "Unrecognizable" COVID Impact Ahead
Because of the unprecedented nature and scale of what the world is facing, economists have struggled to model how badly things are getting.
Gundlach Loving Market Turmoil Killing it On Short Sales
Star bond manager Jeffrey Gundlach says the recent selloff in markets has been "exhilarating" and plays right into his wheelhouse.
Gold Bugs Wiped Out: Cash Is King
To be fair, precious metals haven’t cratered as badly as stocks have. But this is hardly an example of the "massive" safe-haven demand for bullion.
"Warp Speed" Stimulus Finally Passes Senate
Another package is coming. The Treasury Department unveiled to lawmakers a plan for $250 billion in direct payments to Americans starting April 6.
The Most Important Jobless Claims Number Of The Decade
The volume of Google searches for “unemployment benefits” has surged and is consistent with weekly claims topping 800,000 . . . quadruple the trend.
JPM's Recession Call: 4 Million Jobs, Dismal 2Q
US chief economist Michael Feroli also forecast unemployment to rise to 6.25% by the middle of the year before easing to about 5.25% by year end.
