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Post# of 72979
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3xBuBu

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3xBuBu

Re: 3xBuBu post# 72618

Tuesday, 05/19/2020 4:28:16 PM

Tuesday, May 19, 2020 4:28:16 PM

Post# of 72979
Congressional Budget Office projects GDP dropping 38% in the second quarter as 26 million Americans remain unemployed.

https://www.cnbc.com/2020/05/19/cbo-projects-38percent-drop-in-gdp-2point1-trillion-increase-in-the-deficit.html

The forecasts are roughly in line with Wall Street economists and slightly less dour than the most recent tracking number from the Atlanta Federal Reserve, which sees GDP falling about 42% in the April-to-June period.

The office also cautioned that, “The decline in economic activity has been so rapid and so recent that the depth of the downturn is still uncertain, and the data on spending are preliminary and incomplete.”

Stocks fall 390 (or 1.6%) after Fed and Treasury chiefs testify
https://www.cnn.com/business/live-news/stock-market-news-051820-duplicate-2/index.html




My post is for Your Eyes only and my entertainment

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