Russia, Brazil, Mexico corora virus exploding
Who believes China numbers given their cozy relationship with WHO and lying to the world. I doubt they even know how many were/are infected
Approx 30 million in the USA unemployed
How many world wide unemployed
World banks pumping liquidity into the system
With the possible exception of 5 USA stks, where will the profits come from??? Does the world have a basket of profitable Co.'s Yes some but how many
Now the EU, Russia, Brazil, China, Mexico, USA all have serious problems of one kind or another. The PBOC was forced to inject liquidity into their banks, just in case you thought China was doing so well. Russia has no income due to oil prices
Shall I go on and name some other important economies?? or is this post long enough
Some predict 2025 some say 2030 just to recover what we have lost in economic activity
Yes for every pessimist there is an optomist
Trust me, you will not recognize the carnage when the flood of BK occur all over the world. You simply can not bring almost all economic activity to a halt and then expect things to resume as if nothing had happened
When we fall off the cliff, it won't be pretty
I don't think anyone is talking "recovery" at this stage. I think they are saying the worst is over and it does not appear as bad as we had feared.
We're still seeing some contraction, but the slope has smoothed from rapid to almost flat. And next month???