Positive Economic News.. I guess.

[Jeffreauxdawg]

Just got an email from Moody's.. They are currently projecting the US to have -2.0% growth in real GDP for 2020 and +2.3% growth in 2021. As bad as that is, it's not as bad as the financial crisis.

View attachment 15664

You can download the full report. Will have to register, but I think it's free if I recall.

https://www.moodys.com/research/Global-Macro-Outlook-2020-21-March-25-2020-Update-The--PBC_1220646?cid=SY1HW6HJESP4303

 

[57stratdawg]

That's pretty consistent with the other big banks i've seen. Seems like GS had 2020 and 2021 just above 0% last week too.

Moody's was concerned over credit markets freezing up last week. That's not something we need to see.