Next Recission ?

[vbin]

(03-15-2020, 10:18 PM)EricL Wrote: Washington, Ohio, and Illinois are telling all bars and restaurants to close. I'm sure there will be more.

MGM and WYNN are shutting down all their casinos in Las Vegas. How many thousand employees would this be?

The airline and hotel industry are effectively shut down for the next couple months.

I doubt auto companies are selling any cars, how many does that sector employ?

I wouldn't be surprised if GDP is down 5-10% in Q2, if not even more.

This is happening all across the world!

I would be shocked if this doesn't end in a recession.

I listened to the feds call today. Powell litrelly said next 2 quarters will be down significantly after that I don't know.

So basically he is saying, drop ahead and don't know the depth, where it gonna stop. Real scary.

Only positive talk was that fed will do whatever possible to support and recover.