Let Us Hope The Dumbfucks Do Not Prevail

May 16 22:05 2020 Print This Article

The US economy could decline by 20+% from peak to trough through the late summer. Even withan expected bounce back over the last five months of this year, there could be 25-30 million peopleout of work on NewYears Day, 2021. SPX profits could be down from $155. a share to $100. bythe time the year closes out. A gradual re-opening of the economy featuring regulations onsocial distancing and the maintenance of sanitary places of business may secure a modest reboundin the economy right through 2021, even with successful vaccination and improved therapeuticprograms. a significant amount of dumb political leadership and reckless individual behaviorcould set the US back periodically both in terms of the battle against the virus and in the economicrealm. I hope the clear right wing foolishness we...

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Capital Markets & Economic Analysis

For investors and traders who desire top quality, conflict free analysis of the capital markets and the economy based on the fundamentals and technicals that drive securities prices. Peter Richardson, CFA and author of Capital Markets & Economic Analysis, was the former chief investment officer and a former NYSE firm partner. He has 40 years experience in the field as analyst, economist, portfolio manager, trader, and CIO.

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