— NYT’s Neil Irwin: “Our economic data wasn’t built for this. The United States is experiencing an unfathomable collapse in its economic activity. That much we know. But more so than in even in a normal recession, the tools we have to understand what is happening to the economy are becoming distorted or harder to interpret, for a wide range of reasons.”— Reuters’ Michelle Price: “U.S.
“Gains in coming days would extend the advances of the past two weeks, spurred by optimism on Friday of a coronavirus treatment and the prospect of a staggered reopening of the U.S. economy. Options traders are also betting that the worst of the rout may have passed. JPMorgan Chase & Co’s implied-volatility index for emerging-market currencies has declined from the nine-year peak reached a month ago after a deluge of central-bank stimulus.
“Economic historians have long thought that the Black Death, among other pandemics, had a significant impact on how income is shared between those who own land and other assets and those who provide the labor. The most direct and brutal way in which that impact is felt is a change in the supply of labor. Viruses and bacteria kill workers, who become less plentiful as a result. For those who survive, wages rise.
“Groups representing commercial creditors, who snapped up bonds from low-income countries in recent years amid record-low yields in developed markets, said they would be willing to participate. But a deferral of sovereign bond payments will be far from easy.”— WSJ’s James R. Hagerty: “Paul O’Neill, a former U.S. Treasury secretary and Alcoa chief executive whose independence and blunt speaking style led to clashes with President George W. Bush, died early Saturday at his home in Pittsburgh.
Whether you like Trump or not the Executive branch does not approve something like the PPP that is 100% congress.
We know you guys are saying 'this Congress' to avoid calling out Pelosi and Schumer directly, considering this is their fault, because they're the ones who blocked more funding. Partisan pigs.
It appears one of the dumbest things NYNY Gov. and Mayor have done, is not shutting down the subway system that infected and killed thousands with COVID19
Hopefully there'll be oversight and true small businesses will be able to access these funds, not just trump's rich donors
The dumbest thing was allowing restaurants be eligible if they have 500 or more employees at 1 location. Ruth's Chis got 20 million because they applied under 2 different divisions. Little guy gets screwed.
I'm afraid domestic consumer spending has be changed permanently. Dr Evil / Amazon should be reporting Q1 s shortly and I'm guessing they will be astounding. Any attempt to support America's Main Streets all across this nation will be met with a plague of Sea Bass w/laser beams
Another senseless jab? The Admin didn't DO anything 'dumb'. Congress passes the legislation, Exec signs or vetoes. The first 250 billion wasn't enough, NOW WE HAVE BEEN WAITING ON NANNY PELOSI to exit her house and her desserts....
Did...this 'news' site really not go into why that's their opinion while still calling it better than the alternative? And...calling it news not opinion?
This tweet is grammatically on a 3rd grade level. If I'm able to decipher what you're whining about, It would seem you're sad because the left wing terrorists blocked the SB funding to add funding for illegal aliens, paper voting (to cheat) it amazes me you're allowed to operate.
They were busy making sure banks and investors were paid first.
'This is a tremendous opportunity to restructure things to our vision.' -James Clyburn, Democrat. Democrats have stalled this for partisan reasons to fund irrelevant nonsense.
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