The Payroll Protection Program is not protecting payrolls nor small businesses. It's just ensuring more small businesses will close for good and more #jobs will be destroyed. The banks profit, of course. No one else. https://thefederalist.com/2020/04/08/the-senates-plan-to-save-small-businesses-is-already-failing-and-mnuchin-just-made-it-worse/ #news #CCPVirus #economy #lockdown

#Italy will not need to worry about how to implement "Italexit". If current trends hold the #EU will simply collapse. Once the crisis reaches the European banks, the collapse of the #euro as a currency means the end of the EU. https://www.zerohedge.com/geopolitical/whats-next-italeave-or-european-union-crack #news #economy

The economic "experts" are forecasting 14% GDP growth for #China in Q2 -- in the CURRENT quarter. Coal consumption is declining, indicating continued economic CONTRACTION. http://web.archive.org/web/20200409074745/https://www.capitaleconomics.com/the-economic-effects-of-the-coronavirus/ #news #CCPVirus #economy #jobs