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CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"

 
dr0id

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03/20/2020 07:39 PM
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CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"

[link to www.cnbc.com (secure)]
dr0id
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03/20/2020 07:43 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
They will wind up extending unemployment benefits to unprecedented lengths too
Anonymous Coward
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03/20/2020 08:06 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
no recovery from that.. catastrophic collapse, much worse than the virus would have done had everyone just went about their business the best they could, and let this run it's natural course 9as bad as that would have been). It's like they are committing mass suicide over fear and panic of this virus.
Anonymous Coward
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03/20/2020 08:12 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
no recovery from that.. catastrophic collapse, much worse than the virus would have done had everyone just went about their business the best they could, and let this run it's natural course 9as bad as that would have been). It's like they are committing mass suicide over fear and panic of this virus.
 Quoting: Anonymous Coward 77192746


hesright
Elsabiades..
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03/20/2020 08:14 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Well, first: FUCK GOLDMAN SACHS
Anonymous Coward
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03/20/2020 08:14 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Anyone see the movie Contagion? I forgot the scene. Listen to Laurence Fishburn and look who he is talking to. Anything look and sound familiar?
Head2Bunker

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03/20/2020 08:37 PM

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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
holy sheeeeitttt
Head2Bunker

User ID: 77394391
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03/20/2020 08:39 PM

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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
i love this part:

Just five days ago, Goldman economists had expected the economy to trough with a decline of 5% in the second quarter


Talk about epic fail in forecasting


lmao


we're F'd!!!!!
Sikhed

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03/20/2020 08:44 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Using Goldman Sach's track record at prediction,
We're headed for the glory days of prosperity!
:doom360:
Anonymous Coward
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03/20/2020 09:02 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
well, when they shut down every fucking but mcdonalds and Walmart, which are probably the number 1 spreaders of any virus, then wtf do you all expect?

you all bitched and whined and now complain trump didn't shut it all down sooner... hope you all enjoy your brand new shit world.

I hope you can't pay your cell phone bills and they cut that shit off next.
Sholomar

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03/20/2020 09:04 PM

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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
The government will be issuing a third the country's paychecks for 3 months and bailing out the corporations they deem "too big to fail" .. watch that federal debt to GDP ratio spike up to 150% real fast as the GDP contracts.

How long until we have a currency collapse or hyperinflation?

[link to www.usdebtclock.org (secure)]
Anonymous Coward
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03/20/2020 09:06 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Well DUH didn’t take a rocket scientist to figure this out! DOrolleyes
Anonymous Coward
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03/20/2020 09:35 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Goldman Sachs CEO gets 20% raise
[link to www.cnbc.com (secure)]
Anonymous Coward
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03/20/2020 09:37 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Despite the fact that we all hate it, we shoulda locked down everything immediately and firmly, and 2-3 weeks later all the covid would have died off on it's own without spreading new colonies to other people, and problem solved, we'd have been back to normal by now.

another do
Anonymous Coward
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03/20/2020 09:42 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Despite the fact that we all hate it, we shoulda locked down everything immediately and firmly, and 2-3 weeks later all the covid would have died off on it's own without spreading new colonies to other people, and problem solved, we'd have been back to normal by now.

another do
 Quoting: Anonymous Coward 78489110


clappa
Anonymous Coward
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03/20/2020 09:58 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Despite the fact that we all hate it, we shoulda locked down everything immediately and firmly, and 2-3 weeks later all the covid would have died off on it's own without spreading new colonies to other people, and problem solved, we'd have been back to normal by now.

another do
 Quoting: Anonymous Coward 78489110


No moron, high risk people should be isolated. Old people, diabetics, high risk only.

Everyone else should go about their business.

Absolutely pathetic. 1000 times more people will die from the knock on effects of the new, greater depression.
Anonymous Coward
User ID: 77137727
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03/20/2020 09:58 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
The government will be issuing a third the country's paychecks for 3 months and bailing out the corporations they deem "too big to fail" .. watch that federal debt to GDP ratio spike up to 150% real fast as the GDP contracts.

How long until we have a currency collapse or hyperinflation?

[link to www.usdebtclock.org (secure)]
 Quoting: Sholomar


Closer by the day and accelerating!
TIO JUAN

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03/20/2020 10:01 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
THIS IS THE GREAT GREAT DEPRESSION , 1929 RELOADED !!

Last Edited by TIO JUAN on 03/20/2020 10:01 PM
UNCLE JOHN
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03/20/2020 10:06 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
THIS IS THE GREAT GREAT DEPRESSION , 1929 RELOADED !!
 Quoting: TIO JUAN


Hell, we will be wishing for the great depression.
Anonymous Coward
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03/20/2020 10:07 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Good, maybe they get hung!
Anonymous Coward
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03/20/2020 10:25 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
no recovery from that.. catastrophic collapse, much worse than the virus would have done had everyone just went about their business the best they could, and let this run it's natural course 9as bad as that would have been). It's like they are committing mass suicide over fear and panic of this virus.
 Quoting: Anonymous Coward 77192746


House of cards crumbles. This will likely be our first legitimate depression since the 1930s. Does it last as long as that one did? Likely not. But still, -24% GDP growth is fucking insane and there is a chance thats underdone.
Anonymous Coward
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03/20/2020 10:26 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Goldman?! The guys fried 2008?! Hahahhahahah

Ok. Listen to them.
Anonymous Coward
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03/20/2020 10:27 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Goldman?! The guys fried 2008?! Hahahhahahah

Ok. Listen to them.
 Quoting: Anonymous Coward 78327618


*from
Jungleboogie

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03/20/2020 10:31 PM

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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"

[link to www.cnbc.com (secure)]
 Quoting: dr0id


More like 50%.

But black market economy is going to grow by 2000%.
Embrace the cognitive dissonance.
Anonymous Coward
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03/20/2020 10:57 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
THIS IS THE GREAT GREAT DEPRESSION , 1929 RELOADED !!
 Quoting: TIO JUAN


Hell, we will be wishing for the great depression.
 Quoting: Anonymous Coward 77137727


alone

Oy vey.
monkey4truth

User ID: 75486566
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03/20/2020 11:07 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
They will wind up extending unemployment benefits to unprecedented lengths too
 Quoting: Anonymous Coward 75057918


This time they really may HAVE to..
This had potential to be far worse than 08
Stand up and speak for truth..even when it's not popular..
Anonymous Coward
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03/20/2020 11:43 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
Trump should use those projections (24% collapse in GDP) to rule out ANY shutdown or national quarantine.. because that would result in millions dying (including many young, just in the US)from severe disruptions (starvation, riots, mass looting, etc) of basic economic infrastrucure as everything would collapse (cascading uncontrollable collapse). Just bite the bullet during this temporary crisis and keep the economy going.. and deal with the virus, but don't let it destroy the country by doing stupid panicky things.
Anonymous Coward
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03/20/2020 11:45 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
It doesn't take rocket science to recognize shutting down an entire nation will cause GDP to collapse.
IRCO

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03/20/2020 11:50 PM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
things are going to change after this Corona virus pandemic goes away. Most likely you wont be working the same job anymore they will just reorganize. These temporary money infusions to sustain the economy are going to continue for a long time, i'm afraid.
IRCO
Anonymous Coward
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03/21/2020 12:12 AM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
What the fuck do you expect when you force everyone to stay home?

Is this the twilight zone? Why is fake news surprised that they blew this out of proportion and made businesses shut down? Of course the economy crashes

Its not rocket science
Anonymous Coward
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03/21/2020 12:14 AM
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Re: CNBC: "Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%"
By them pushing this narrative proves it was their goal all along. Like people are too stupid to figure out that it was a forced crash. Everything was amazing until this “pandemic” conveniently hit right before elections





GLP