dagblog - Comments for "Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter"

TOM BARRACK also predicts

artappraiser — Mon, 23 Mar 2020 01:24:12 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

TOM BARRACK also predicts that "as revenues fall further, layoffs will accelerate, consumption will evaporate, and almost every American will be financially challenged to a degree not experienced since THE GREAT DEPRESSION."

[emphasis added] https://t.co/dBvcRR2DSQ
— Kenneth P. Vogel (@kenvogel) March 23, 2020

Deleted an earlier tweet on

artappraiser — Sun, 22 Mar 2020 20:55:15 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

Deleted an earlier tweet on this. The Goldman estimate is an annualized rate (i.e., the economy would contract by 6% in a quarter, which would mean a 24% contraction if continued all year.) News reports suggest Bullard's figure is NOT an annualized rate -- trying to get clarity. https://t.co/44Jj05Q7Ax
— Josh Barro (@jbarro) March 22, 2020

WOW!!! Danish govt told

artappraiser — Sun, 22 Mar 2020 06:15:15 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

WOW!!! Danish govt told private companies that it would pay 75 percent of their employees’ salaries to avoid mass layoffs... spend 13% of the national economy in 3 months. (roughly equivalent to a $2.5 trillion US stimulus over just 13 weeks). #COVID19 https://t.co/V4HYRn2T8I
— Eric Feigl-Ding (@DrEricDing) March 22, 2020

the point to learn is that

artappraiser — Sat, 21 Mar 2020 07:50:17 +0000

In reply to If you include

the point to learn is that there is no ideology here, only Trump?

pic.twitter.com/bsg7saAeJk
— Sheikh (@SheikhStalin) March 20, 2020

3 stories from NYTimes

artappraiser — Sat, 21 Mar 2020 05:07:59 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

3 stories from NYTimes Business on home page:

Stock Market’s Gain Under Trump Vanishes With another fall on Friday, the Dow Jones average is now lower than it was when President Trump took office.

7h ago

The Trump Organization cut staff from hotels, halted reservations and closed golf courses.

8h ago

Starbucks will close most cafes in the U.S. and Boeing’s executives will forgo pay. See business updates here.

3h ago

NYTimes Editorial Board, 3/20

artappraiser — Sat, 21 Mar 2020 05:05:35 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

NYTimes Editorial Board, 3/20: How to Avoid Complete Economic Destruction

To limit mass unemployment, the government needs to provide companies with the money they are temporarily unable to earn.

If you include

artappraiser — Sat, 21 Mar 2020 04:00:02 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

If you include @RealDonaldTrump's ~$30 billion bailout of American agriculture, the Trump administration will likely spend more on direct government handouts to American business in one term than Presidents Bush and Obama did in 16 combined years.
— Max Burns (@themaxburns) March 21, 2020

Just this afternoon,

artappraiser — Sat, 21 Mar 2020 02:18:25 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

Just this afternoon, California's largest landlord organization voluntarily implemented a rent freeze and YIMBY groups and @AIDSHealthcare — who are almost always the bitterest of enemies — co-signed a letter to the governor asking for a renter relief package.
— Liam Dillon (@dillonliam) March 21, 2020

Some have asked for the letter to the governor sent today by 140 organizations including — @ACLU, @_UCSA, @AIDSHealthcare, @cayimby — for a renter relief package. https://t.co/TvJi0DzYFt

Don't see a letter with this many signers too often. pic.twitter.com/speEql4DG2
— Liam Dillon (@dillonliam) March 21, 2020

U.S. virus payments to

artappraiser — Sat, 21 Mar 2020 02:01:31 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

U.S. virus payments to households may take months, not weeks, to hit bank accounts https://t.co/oFtsdoPoHO via @bpolitics
— Kevin Whitelaw (@KevinWhitelaw1) March 21, 2020

This is hardly the time for

artappraiser — Sat, 21 Mar 2020 01:35:59 +0000

In reply to Goldman Sachs Predicts ‘Unprecedented’ 24% Drop In U.S. GDP Next Quarter

This is hardly the time for means-testing.

Check printer go brrrr!! https://t.co/djum7oigXD
— We need 120k tests a day (@Noahpinion) March 21, 2020