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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Pogeu Mahone who wrote (160150)7/15/2020 5:26:17 PM
From: zamboz  Read Replies (1) | Respond to of 218125
 
Good to see our trillions in relief are working for now. We will see if things "come unglued with a vengeance."

Wells Fargo laying off 10K+ workers.
bizjournals.com
United Airlines is talking about laying off 36K.
usatoday.com

State and local governments in the US will need to lay off if they do not get help. These are just the ones we know about. Lots of commercial real estate issues. Where I work, they may rent less space and have more telework on a permanent basis. Lots of restaurants will not make it. Read that Roubini is talking depression in mid-20's. Though none of this has happened yet. Technical analysis over fundamentals.

I do worry about the EU and Asia getting back on track (which looks to be happening) and the US economy lagging seriously if we take much longer to control the virus (which also looks to be happening). We could go from being the world's darling to being the dog. Ramifications for the US dollar.