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Huger in America:
The unemployment numbers are mind-boggling and worse is to come.
Already Bread Lines Are Forming in Mar-a-Lago’s Shadow. And not just in Florida.
Must read by
@sdonnan @readep
Making the macroeconomic crisis real.
https://t.co/o3Ar2ZFqqo
"A brutal new hunger crisis is emerging among laid-off workers in US that has begun to overwhelm the infrastructure that normally takes care of the needy."
@sdonnan @readep
https://t.co/GehgOvyDxn
A prolonged corona lockdown is one thing in comfort of a well-resourced urban home, quite another in a sprawling, hard-scrabble slum! That is reality facing hundreds of millions worldwide.
BRAVO @FT @davidpilling @Jonthn_Wheatley @AndresSchipani @AmyKazmin
https://t.co/bndaonGMO8
Excess deaths - this is the ultimate metric of the impact of COVID-19 pandemic. It is metric of actual trauma being suffered by communities and health services. Official COVID stats grossly understate impact in hardest hit places. @TheEconomist Essential
https://t.co/LtWBckptqt
Surprisingly, Huawei’s new smart phone still contains US parts made by Qualcomm, Skyworks and Qorvo. @YuanfenYang Qianer Liu
https://t.co/dCerfq5hMv
Retailers with a strong online presence have effectively been handed the game by the lockdown -> they are planning to hire 700K+ workers in the US alone.
https://t.co/yr6eS49dnQ
Btw 1 March and 25th March these US-European corporations drew down $124bn in credit from their banking connections. Total likely closer to $200bn or more and it is just the beginning of the Big Crunch. Must read report from @FT
team. https://t.co/KLNc76sGBC
The supply-chain/lifeline that puts pasta on Europe’s supermarket shelves.
@EmikoTerazono @JudithEvans
https://t.co/GQAGFtA6Yb
"US, health experts are warning about the possible emergence of “multiple Wuhans” if new lockdown measures in states including California and New York are not strictly enforced or abandoned."
https://t.co/Rq3Q5rA1aj
Dominos that might fall? One in China? Back in January the excellent @ajb_powell of @FTAlphaville
Compiled this dossier on China’s Evergrande one of the most heavily debt- and interest-burdened corporations in the world. https://t.co/YZVditAx63