Next Recission ?

[fenders53]

(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.

Recession is already here.  We just haven't seen the earnings reports yet.  There is a reason the FED is going crazy with liquidity.  IMO it won't cure it, but it may avoid another 2008.