Goldman Forecast a 4.6% GDP Contraction in 2020

[katzgar]

https://www.bloomberg.com/news/artic...action-in-2020 MAGA baby its all about MAGA

[dukkha]

economists said they now expect the economy to grow 25% in the third quarter having previously predicted 33%. That would result in the economy slumping 4.6% this year, worse than the 4.2% previously seen.

But the Goldman Sachs economists said they still expected growth of 5.8% next year and now project unemployment will be at 9% at the end of this year, down from the previous estimate of 9.5%.

[BartenderElite]

economists said they now expect the economy to grow 25% in the third quarter having previously predicted 33%. That would result in the economy slumping 4.6% this year, worse than the 4.2% previously seen.

But the Goldman Sachs economists said they still expected growth of 5.8% next year and now project unemployment will be at 9% at the end of this year, down from the previous estimate of 9.5%.

Trump's amazing economy.

He really blew it. He could have handled the pandemic so much better. He thought he could ignore it & it would just go away - no leadership.

[floridafan]

economists said they now expect the economy to grow 25% in the third quarter having previously predicted 33%. That would result in the economy slumping 4.6% this year, worse than the 4.2% previously seen.

But the Goldman Sachs economists said they still expected growth of 5.8% next year and now project unemployment will be at 9% at the end of this year, down from the previous estimate of 9.5%.

This election will not be about the economy, but it will center on Trumps handling of Covid19, and Russians paying the Taliban to kill American soldiers. You know quite well why his approval number are tanking, why he must campaign in previously solid red states.

[Trumpet]

According to Trump, the economy is roaring back, like a rocket.

[dukkha]

Trump's amazing economy.

He really blew it. He could have handled the pandemic so much better. He thought he could ignore it & it would just go away - no leadership.

horseshit. It was not "ignored" . are you this stupid or just bull-headed partisan stuck on memes?
Must I go thru the steps Trump used counseling with Fauci?

[BartenderElite]

horseshit. It was not "ignored" . are you this stupid or just bull-headed partisan stuck on memes?
Must I go thru the steps Trump used counseling with Fauci?

Trump restricted travel in January. After that - zilch.

He completely ignored it & downplayed it throughout the entire month of February - a month we can never get back. Remember "15 down to zero?"

And he's been a bystander for the most part since then. He barely even talks about it. He should be out there every single day, emphasizing what we know works: distancing, washing hands, wearing masks, testing & tracing.

Instead, what do we get? When he talks about COVID, his MAIN talking point (tweeted again yesterday) is that if we didn't test, there would be fewer cases. Which is insane.

He's been pathetic in his response to COVID. Absolutely pathetic. And the results speak for themselves - we're one of the worst countries in the world in containing the spread.

[Sailor]

https://www.bloomberg.com/news/artic...action-in-2020 MAGA baby its all about MAGA

No worries for you Katzgar. Your welfare check is safe. Leave the earning and paying taxes to working people.

[dukkha]

Trump restricted travel in January. After that - zilch.

that was big.
500k Chinese did not come here -also the EU path of the virus was stopped

He completely ignored it & downplayed it throughout the entire month of February - a month we can never get back. Remember "15 down to zero?"

look at what Fauci said as well -
nobody saw this coming full bore because of Chinese obfuscation, propagated by the WHO as well

And he's been a bystander for the most part since then. He barely even talks about it. He should be out there every single day, emphasizing what we know works: distancing, washing hands, wearing masks, testing & tracing.

It's constantly being talked about. What Trump says or not doesn't effect behavior as we've seen

Instead, what do we get? When he talks about COVID, his MAIN talking point (tweeted again yesterday) is that if we didn't test, there would be fewer cases. Which is insane.

it's a key concept. If we acted just on testing we'd be shutdown again.
Testing at this point doesn't really show the damage by COVID
because of the population shift to younger victims - again the morbidity and ICU rate
( and there you have to look just as COVID) are a real measure of the virility of the disease

He's been pathetic in his response to COVID. Absolutely pathetic. And the results speak for themselves - we're one of the worst countries in the world in containing the spread.

no we are not.
we have the positives because no one comes close to the testing we do . wise up

[Earl]

that was big.
500k Chinese did not come here -also the EU path of the virus was stopped

look at what Fauci said as well -
nobody saw this coming full bore because of Chinese obfuscation, propagated by the WHO as well

It's constantly being talked about. What Trump says or not doesn't effect behavior as we've seen

it's a key concept. If we acted just on testing we'd be shutdown again.
Testing at this point doesn't really show the damage by COVID
because of the population shift to younger victims - again the morbidity and ICU rate
( and there you have to look just as COVID) are a real measure of the virility of the disease
no we are not.
we have the positives because no one comes close to the testing we do . wise up

Excellent.

Thanks, dukkha.

[Earl]

Another dud thread, Katzguts.

[Earl]

This election will not be about the economy, but it will center on Trumps handling of Covid19, and Russians paying the Taliban to kill American soldiers. You know quite well why his approval number are tanking, why he must campaign in previously solid red states.

Pentagon says 'no corroborating' evidence to stand up NYT ...
www.foxnews.com › politics › pentagon-says-no-corrobo...
5 days ago - The Defense Department said late Monday that there is “no corroborating evidence” to support the explosive New York Times report last week ...

The Russian/Taliban bounty story was a hoax and you fell for it.

[Earl]

This election will not be about the economy, but it will center on Trumps handling of Covid19, and Russians paying the Taliban to kill American soldiers. You know quite well why his approval number are tanking, why he must campaign in previously solid red states.

Pentagon says 'no corroborating' evidence to stand up NYT ...
www.foxnews.com › politics › pentagon-says-no-corrobo...
5 days ago - The Defense Department said late Monday that there is “no corroborating evidence” to support the explosive New York Times report last week ...

"The Defense Department said late Monday that there is “no corroborating evidence” to support the explosive New York Times report last week that said the Russian military offered bounties to Taliban-linked militants to kill U.S. troops in Afghanistan."

The Russian/Taliban bounty story was a hoax and you fell for it.

[ParachuteAdams]

Lets Mana-Fest

national-collectors-mint-4th-of-july-2-bill-full-color-large-8.jpg

[floridafan]

Pentagon says 'no corroborating' evidence to stand up NYT ...
www.foxnews.com › politics › pentagon-says-no-corrobo...
5 days ago - The Defense Department said late Monday that there is “no corroborating evidence” to support the explosive New York Times report last week ...

The Russian/Taliban bounty story was a hoax and you fell for it.

https://www.foxnews.com/politics/mul...mp-not-briefed