Sunday, August 16, 2020


Quick Overview  is up to date

  • No sign of a stimulus deal - Senate is on vacation till next month.  







  • Big companies are going bankrupt at a record pace, but that’s only part of the carnage. By some accounts, small businesses are disappearing by the thousands amid the Covid-19 pandemic, and the drag on the economy from these failures could be huge… real-time data on small business is notoriously scarce...



  • Bloomberg: The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.




  • United States Baker Hughes US Oil Rig Count down to 172 from previous 176


  • (Reuters) - Hasan Ayhan followed his wife’s instructions last week and took their savings to buy gold at Istanbul’s Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight...Turks have traditionally used gold as savings and there may be as much as 5,000 tonnes of it “under mattresses”, with more added after the recent buying spree, Mehmet Ali Yildirimturk, deputy head of an Istanbul gold shops association, said.



  • Economist: Without relief or reform, the USPS estimates that it could run out of money sometime between April and October 2021.


  • MW: Meanwhile protesters gathered at the home of Postmaster General Louis DeJoy on Saturday to demand his resignation — a significant escalation of public pressure amid a pitched battle over mail-in ballots for the 2020 presidential election.


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