how does everything just magically go back to normal in '21
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It won't. And so JP Morgan will be begging for a bailout when their investors have been fleeced.
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They are just making stuff up as they have no idea what will happen.
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Ferik is pretty much correct. This is one of those times when honest forecasters admit they are using methods invented by the ancient Greeks.
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On the upside, if Trump is re-elected, he is finally projected to get the 4% growth he promised.
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It'll come crashing down in early '21 on the back of Reagan-level deficit spending even before this stimulus to help ensure he is reelected. His handlers know his only real talking point has been the economy and he has been trying to ride that for all he can.
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-40% is annualized rate. Quarter over quarter is about -12%.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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How do they expect it to magically bounce back in Q3?
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Pent-up demand mixed with massive federal stimulus.
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These things don't seem knowable.
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