from King World News
After a rough day in the markets, this is how bad things have become but buckle up because it will get even worse.
BUCKLE UP: Hints Of Second Wave Of Demand Destruction
April 15 (King World News) – Jeff Snider at Alhambra Partners: What’s going on right now in the global economy is mostly the first of two pieces. Waves, if you like. The economic shutdown is an artificial dislocation, a non-economic factor that is interrupting regular activity and business for non-economic reasons. Because it is near-total in most places, this first piece is going to produce ridiculous numbers across all the economic accounts.