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Senior Advisor

knock on effects

a significant amount of brick and mortar retail and restaurants won't re-open after this.

I'm assuming that this will be it for the hedge fund and private equity milking operations like Sears.

Banks have huge exposure to CRE, and then you get into MBS, REITs etc.

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Senior Advisor

Re: knock on effects

https://wolfstreet.com/2020/03/31/heres-a-foretaste-of-the-lockdown-driven-collapse-in-the-services-...

TX Service Sector PMI.

This is a formerly thriving state that has not had a general lockdown.

Oil collapse isn't helping but that take a while to trickle through. And was reflected in the very bad Manufacturing PMI.

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Senior Advisor

Re: knock on effects

That sorta throws a wrench into the "we have to go on because...the economy" thing.

Gotta get all the way back to a total news blackout, I guess.

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