Don Draper from Nantucket
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User ID: 57553864 United States 09/17/2020 10:11 PM
Report Abusive Post Report Copyright Violation | World Bank Warns Recovery Could Take "Five Years" [ link to www.zerohedge.com (secure)] Global economic activity around the world has stabilized in mid-September, though far below pre-COVID-19 levels as recoveries risk reversing if monetary and fiscal stimulus is not continued at rates seen in the first half of 2020. We noted Wednesday, a new OECD report offered some hope the global downturn is not as severe as previously thought but is still viewed as an "unprecedented" decline. We also noted the OECD report is problematic for policy-makers who have unleashed easy-money policies during the pandemic to artificially inflate economies and boost risk assets, as policy support in the second half of the year might not be as great as what was seen earlier in the year (as is currently playing out in Washington with the prospect of a slimmed-down stimulus bill getting slimmer). So with waning support from central banks and fiscal stimulus from governments, the quick rebound seen in the global economy has likely stalled, and the shape of the recovery will no longer resemble a "V" but more of a "W" or "U" or "L." . PLATA BITCHEZZZZZZ
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Don Draper from Nantucket
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User ID: 57553864 United States 09/17/2020 10:13 PM
Report Abusive Post Report Copyright Violation | Re: World Bank Warns Recovery Could Take "Five Years" Like Chuckie Schumer told Bernanke 10 years ago'... Mr Bernanke get back to work! Keep them FRN's printing! PLATA BITCHEZZZZZZ
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The Rolling Stones said it best...
"What's confusing you is the nature of my game" |
Anonymous Coward User ID: 78483298 United States 09/17/2020 10:15 PM Report Abusive Post Report Copyright Violation | Re: World Bank Warns Recovery Could Take "Five Years" |
Don Draper from Nantucket
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User ID: 57553864 United States 09/17/2020 10:19 PM
Report Abusive Post Report Copyright Violation | Re: World Bank Warns Recovery Could Take "Five Years"
Quoting: Anonymous Coward 78483298 TY, I had not previously seen that thread! All makes sense though! PLATA BITCHEZZZZZZ
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The Rolling Stones said it best...
"What's confusing you is the nature of my game" |