That would technically be a recession, right? And amazing if we hit -2% in 1Q since nothing really happened during the first two months of the first quarter here.
JPMORGAN: "Revised GDP forecast of -2.0% annualized growth in 1Q, followed by -3.0% growth in 2Q. ... forecast assumes a fiscal response of about $500 billion. .... If the spread of virus moderates .... stage could be set for a return to growth in 3Q, when we forecast 2.5%"
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Yup. 2 back-to-back quarters of negative growth is the definition of a recession.
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We won’t have negative growth this quarter.
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We absolutely will.
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That is about the most positive, glowing, optimistic analysis you’ll probably find.
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500 billion!!!!
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With trump as president the virus will NOT moderate. It is going to get exponentially worse. So you can kiss 3Q earnings GOODBYE.
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incredibly optimistic
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what was the forecast revised from? iirc i saw another forecast estimating 0% growth in q2 but i don't remember whether it was jpmorgan
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