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First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.

 
Anonymous Coward
User ID: 79134940
Canada
07/29/2020 09:59 PM
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First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.
Plus many Western countries around the world will also release second quarter data. Wonder why markets are shrugging off the worst decline since the Great depression. The largest drop in GDP growth in 2008 was only 8%.
Anonymous Coward (OP)
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07/29/2020 10:05 PM
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Re: First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.
[link to www.google.ca (secure)]
Anonymous Coward
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07/29/2020 10:23 PM
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Re: First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.
Thanks for the heads up. Bloodbath incoming. 5 *
Anonymous Coward
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07/29/2020 10:24 PM
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Re: First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.
40 percent is not so bad... 1dunno1
Anonymous Coward
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07/29/2020 10:33 PM
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Re: First data release for 2nd quarter US GDP Tomorrow. Expected drop is -40%. Ouch.... beware the next few days.
Nah, market will go up for sure. You do realize that Trump er all have given the Fed *unlimited* money to buy stocks, bonds and treasuries, and that is what they are doing. The numbers could be 15 times worse, and the market will still go up, and this is not just happening in the US, the US Fed is doing the same thing all around the world.





GLP