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RT Boom Bust July 13, 2024

Unemployment which then snowballed into lower income decrease Discretionary Spending which then repeats and feedbacks into the chain in a form of slowing demand so its a vicious cycle thats very hard to control once again some mentum the other part of that is that you have entire industries that are on the brink of collapse and theyve been levered to help bring on cheap corporate debt now of course were talking about the oil and Energy Sector hit one of the icons of america well we can also be talking about that big economy the gate and share to cop a sickly have your assets that valuation upwards of several billions of dollars but 0 assets so that economy has a collapse and the fact is it has no assets to back it up or doesnt own its cars being b. Doesnt own any of its real estate making it all the more painful and then finally lets not forget about trade
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RT Boom Bust July 13, 2024

Percent now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time. This makes the Great Lockdown last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below previous levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w t o said last week global trade will fall by between 13 and 32 percent this year alone n ....

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RT Boom Bust July 13, 2024

The corona virus pandemic which has caused a lockdown and near halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full. To minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time this makes the Great Lockdown the last recession since the
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CNBC Fast Money July 13, 2024

Joining us momentarily and to open the show we have to get news that developed moments ago and that is the president invoking the defense production act to encourage or force some American Companies to make ventilators. Lets get more on that breaking news right now with Kayla Tausche in washington, d. C kayla . Brian, President Trump has done this just a handful of times during the coronavirus crisis, but this afternoon he issued an order that targets six medical Device Companies to procure the elements and materials they need to expedite the production of ventilators and personal protective equipment. The companies include general electric, hillrom, medtronic, resmed, philips and vy aire so they can make things like ventilators and the personal propektipr pro ....

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CNBC Worldwide Exchange July 13, 2024

Good morning welcome to the show. We begin with breaking news as we have been for the past few weeks. Futures pointing to steep losses after pointing to one of the worst quarters on record the s p down as well as the nasdaq as well markets much lower the dow shedding more than 23 in just the past three months. Its worst quarterly performance since 1987, and worst performance for a quarter on record boeing there, sliding more than 50 since december 31, shaving nearly 2,000 points off the dow itself not much better for the s p 500, losing 20 for its worst quarter in history and worst quarterly performance since the financial crisis oil prices as well down 66 to the lowest level in 18 years coming off the worst monthly and quarterly performance ever down 66 the numbers are not much better right now around the world matt taylor is in singapore. Julianna tatelbaum has the early trade in europe. Matt, well begin with you it has started early in asia and is carrying around the world now. Abso ....

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