Here comes the first taste of recession

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At 8:30 a.m. this morning, the federal government will likely tell us the economy declined somewhere between 3 and 6 percent on an annualized basis in the first quarter of 2020. It will only be a light appetizer for the horrible feast to come.

— AP: “The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented economic shockwave. Companies are being affected in different ways but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.

“Room Rater quickly accrued 100,000 followers and Taylor has appeared on Inside Edition and been interviewed by numerous websites. Subjects of their tweets have begun to tweet back, begging for higher scores. Peter Baker of the New York Times added artwork to his walls after Room Rater pointed out an empty wall hook.”— Multiple financial services groups led by the American Securities Assoc.

 

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Sounds like you kweers are getting your rocks off on bad news.

I'm going to file this under 'tweets that will not age well'

Jesus.

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record

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