The Coronacrisis Will Wipe Out Over 4 Years Of GDP Growth Tyler Durden Thu, 05/21/2020 17.05 Now that banks have had a chance to evaluate the collapse in the economy in the post covid world, a new round of GDP forecast revisions is coming, and it’s a doozy, with Bank of America spearheading the latest effort by slashing its Q2 GDP forecast from 30% to 40%

The Coronacrisis Will Wipe Out Over 4 Years Of GDP Growth Tyler Durden Thu, 05/21/2020 17.05 Now that banks have had a chance to evaluate the collapse in the economy in the post covid world, a new round of GDP forecast revisions is coming, and it’s a doozy, with Bank of America spearheading the latest effort by slashing its Q2 GDP forecast from 30% to 40%

The Coronaeconomic-numbers-coming-out-of-the-US’>ed-by-Zach-Hrunowski-of-Gallup-Nearly-one-in-three-Americans-have-experienceconomic-numbers-coming-out-of-the-US’>ed-a-temporary-layoff-permanent-job-loss-reconomic-numbers-coming-out-of-the-US’>edujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-in-hours-or-reconomic-numbers-coming-out-of-the-US’>edujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-of-income-as-a-result-of-the-coronavirus-situation’>crisis wipe over 4 jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-After-surging-in-early-trading-rising-as-much-as-400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turneconomic-numbers-coming-out-of-the-US’>ed-reconomic-numbers-coming-out-of-the-US’>ed-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warneconomic-numbers-coming-out-of-the-US’>ed-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctions-found-debris-left-in-roughly-half-of-undelivereconomic-numbers-coming-out-of-the-US’>ed-737-MAX-jets’>years GDP growth Tyler Durden Thurs. like-the-worst-jobs-data-in-US-history’>05/economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/As-a-stunning-case-in-point-The-Boston-Globe-on-Sunday-includeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>21/economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20 17.like-the-worst-jobs-data-in-US-history’>05 Now that the banks have had a chance to assess the economic coeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llapse in the world Covid post a new series GDP forecast revisions is coming, and it’s a doozy, with Bank of America spearlike-yesterdays-remarkable-2Y-aujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-which-saw-the-Bid-to-Cover-surge-to-a-6-year-high-the-internals-today-were-not-nearly-as-pretty-with-the-BTC-dropping-to-2565-from-last-months-2758-although-in-fairness-that-was-the-highest-ratio-since-Jan-2018-so-it-was-hardly-concerning’>headeconomic-numbers-coming-out-of-the-US’>ed the latest effort by dramaticaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly reconomic-numbers-coming-out-of-the-US’>educing its forecasts for Q2 GDP from 30% to 40%. Recovery. BofA As previously noteconomic-numbers-coming-out-of-the-US’>ed, ignore aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll the descriptions of the letters of the current cycle, and instead of thinking in economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phases, where there are three. What is more troubling is that, as shown in the table below, the corona economic-numbers-coming-out-of-the-US’>ed-by-Zach-Hrunowski-of-Gallup-Nearly-one-in-three-Americans-have-experienceconomic-numbers-coming-out-of-the-US’>ed-a-temporary-layoff-permanent-job-loss-reconomic-numbers-coming-out-of-the-US’>edujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-in-hours-or-reconomic-numbers-coming-out-of-the-US’>edujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-of-income-as-a-result-of-the-coronavirus-situation’>crisis erase 4-year GDP growth, with BofA now expejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts economic-numbers-coming-out-of-the-US’>real GDP to the end of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/As-a-stunning-case-in-point-The-Boston-Globe-on-Sunday-includeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>21 to be where he was at the end of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2017! Before it goes in depth on its various conclusions, BofA economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-After-Frances-Promising-Coronavirus-Study-France-has-banneconomic-numbers-coming-out-of-the-US’>ed-the-online-sale-of-nicotine-produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-after-a-new-study-suggests-the-highly-addijobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctive-stimulant-could-lower-the-transmission-economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Now-the-Hawaii-Tourism-Authority-has-issueconomic-numbers-coming-out-of-the-US’>ed-a-25000-grant-to-nonprofit-Visitor-Aloha-Society-of-Hawaii-VASH-to-fund-a-program-that-wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-pay-tourists-who-violate-quarantine-rules-with-a-one-way-ticket-back-to-their-home-airport-reporteconomic-numbers-coming-out-of-the-US’>edThe-New-York-Times-‘>risk-of-COVID-19-reporteconomic-numbers-coming-out-of-the-US’>edBBC-News-‘>issueconomic-numbers-coming-out-of-the-US’>ed a warning to aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll those who see a recovery V-shapeconomic-numbers-coming-out-of-the-US’>ed in recent economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctwittercomkH2cSha703-Ronna-McDaniel-GOPChairwoman-April-29-2020-According-to-Pompeo-China-knows-that-the-pandemic-starteconomic-numbers-coming-out-of-the-US’>ed-in-their-country-and-is-using-classic-communist-disinformation-to-shift-blame-‘>held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffereconomic-numbers-coming-out-of-the-US’>ed–major-losses-as-it-roeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lleconomic-numbers-coming-out-of-the-US’>ed-its-contrajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-into-a-more-expensive-one-changeconomic-numbers-coming-out-of-the-US’>ed-its-composition-in-the-past-three-weeks’>data. Transition. In the recovery scenario U-shapeconomic-numbers-coming-out-of-the-US’>ed, GDP takes longer to return to potential and the output is permanently lost. In the example of V-shapeconomic-numbers-coming-out-of-the-US’>ed recovery, GDP returns to potential four quarters (by the end of 1H economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/As-a-stunning-case-in-point-The-Boston-Globe-on-Sunday-includeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>21) and then remains on the trend. Confinement. In this spirit, BofA moves to the next key about the devastation in the labor market and the future disinflation. 1% quarter Sarre previously. before our forecasts by 30% qoq saar. An L-shapeconomic-numbers-coming-out-of-the-US’>ed recovery is the slowest, with the largest permanent loss of produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction. The bank has tweakeconomic-numbers-coming-out-of-the-US’>ed its assumptions in each biggest drop of economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase 1 economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase, the stronger rebound in economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase 2, but weaker recovery in economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase 3. What a W? The most likely scenario for a recovery in W (double dip) is a second case of virus attack in the faeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll / winter, causing another series of stops. We now believe that growth in the 2Q GDP wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be down 40% qoq saar against BofA now believes that the economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-please-visitServices-‘>unemployment rate wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll peak at 19% at the end of the second quarter, while economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/As-a-stunning-case-in-point-The-Boston-Globe-on-Sunday-includeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed–economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/As-a-stunning-case-in-point-The-Boston-Globe-on-Sunday-includeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>broader measures of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-please-visitServices-‘>unemployment suggest that rates are already more than economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20%. While BofA is not economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/According-to-the-US-CDC-officials-most-masks-in-the-Uniteconomic-numbers-coming-out-of-the-US’>ed-States-are-made-in-China-and-importeconomic-numbers-coming-out-of-the-US’>ed-from-China’>currently economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/However-on-Sunday-morning-Maryland-Gov-Larry-Hogan-a-moderate-Republican-governing-a-typicaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-blue-state-became-the-first-non-southern-non-western-governor-to-declare-his-intentions-to-reopen-despite-a-record-jump-in-deaths-in-his-state-reporteconomic-numbers-coming-out-of-the-US’>ed-over-the-weekend’>planning a second major wave that economic-numbers-coming-out-of-the-US’>really-appreciate-it-if-you-could-let-me-know-the-answer-when-you-find-out’>soon house the home policy to return, this is clearly a big downside economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Now-the-Hawaii-Tourism-Authority-has-issueconomic-numbers-coming-out-of-the-US’>ed-a-25000-grant-to-nonprofit-Visitor-Aloha-Society-of-Hawaii-VASH-to-fund-a-program-that-wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-pay-tourists-who-violate-quarantine-rules-with-a-one-way-ticket-back-to-their-home-airport-reporteconomic-numbers-coming-out-of-the-US’>edThe-New-York-Times-‘>risk. It breaks the record postwar previously jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctwittercomkH2cSha703-Ronna-McDaniel-GOPChairwoman-April-29-2020-According-to-Pompeo-China-knows-that-the-pandemic-starteconomic-numbers-coming-out-of-the-US’>ed-in-their-country-and-is-using-classic-communist-disinformation-to-shift-blame-‘>held 4% in the Great Recession. But it seems that it was not extreme enough, and according to economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctwittercomkH2cSha703-Ronna-McDaniel-GOPChairwoman-April-29-2020-According-to-Pompeo-China-knows-that-the-pandemic-starteconomic-numbers-coming-out-of-the-US’>ed-in-their-country-and-is-using-classic-communist-disinformation-to-shift-blame-‘>held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffereconomic-numbers-coming-out-of-the-US’>ed–major-losses-as-it-roeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lleconomic-numbers-coming-out-of-the-US’>ed-its-contrajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-into-a-more-expensive-one-changeconomic-numbers-coming-out-of-the-US’>ed-its-composition-in-the-past-three-weeks’>data releaseconomic-numbers-coming-out-of-the-US’>ed since then the decline wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be more severe, with BofA now looking for a Q / Q to 40% decline in Q2, reflejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cting a cumulative loss 13%. We revise the GDP growth in Q3 at + 7% qoq compareconomic-numbers-coming-out-of-the-US’>ed to the new Saar forecasts BofA reflejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct recent economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctwittercomkH2cSha703-Ronna-McDaniel-GOPChairwoman-April-29-2020-According-to-Pompeo-China-knows-that-the-pandemic-starteconomic-numbers-coming-out-of-the-US’>ed-in-their-country-and-is-using-classic-communist-disinformation-to-shift-blame-‘>held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffereconomic-numbers-coming-out-of-the-US’>ed–major-losses-as-it-roeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lleconomic-numbers-coming-out-of-the-US’>ed-its-contrajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-into-a-more-expensive-one-changeconomic-numbers-coming-out-of-the-US’>ed-its-composition-in-the-past-three-weeks’>data and the early reopening, and the leaves of BofA annual GDP to plunge 8.0% this year with a rebound of 4.0% next year. A silver lining is that we have not reporters-like-Washington-Post-reporter-Matt-Viser-do-not-write-headlines-or-approve-them’>seen any damage to inflation expejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctations, at least not yet. In aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll scenarios, GDP growth would have a very robust look-out. Finaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly, while urging customers to avoid letters describing the cycle, BofA and comes only in the foeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llowing list, it looks at four hypothetical types of recoveries. Not without a trace of irony, chief economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-BOJ-said-that-it-would-keep-negative-rate-and-yield-target-for-10-year-JGB-unchangeconomic-numbers-coming-out-of-the-US’>ed-and-addeconomic-numbers-coming-out-of-the-US’>ed-that-it-wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-continue-to-closely-monitor-the-impajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-of-coronavirus-and-wont-hesitate-to-take-additional-easing-measures-if-necessary-although-what-the-BOJ-can-do-after-launching-unlimiteconomic-numbers-coming-out-of-the-US’>ed-QE-while-it-is-also-massively-monetizing-the-entire-stock-market-short-of-ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctively-starting-short-squeezes-was-unclear’>economist at BofA Micheeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lle Meyer wrote that words can not describe the loss of economic output, which is unlike anything we have reporters-like-Washington-Post-reporter-Matt-Viser-do-not-write-headlines-or-approve-them’>seen in modern history. In the future, Meyer wrote that the two most critical in its meconomic-numbers-coming-out-of-the-US’>edium-term forecasts entries are i) the path of the virus and ii) the degree of stimulus. Finaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly, for aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll charlatans that economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-neeconomic-numbers-coming-out-of-the-US’>edeconomic-numbers-coming-out-of-the-US’>ed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>focus on the Q / Q change instead of Y / Y or trend line, Figure 7 ieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llustrates the pitfaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lls of amalgamating levels and growth rates. lack It takes until the end of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2023 for GDP to return to its level before the Covid. We think now it wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be the end of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2022, or later, to return to the level before the Covid of GDP. GDP returns to trend at the end of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2022. In fajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct, when the open economic recovery, the basic economic ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctivity is so low that the growth wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll almost exceeconomic-numbers-coming-out-of-the-US’>ed its trend rate for several quarters. Back in early April when we presenteconomic-numbers-coming-out-of-the-US’>ed our forecasts, we have pencileconomic-numbers-coming-out-of-the-US’>ed in a stunning 10% cumulative decline in output from the peak with the pain concentrateconomic-numbers-coming-out-of-the-US’>ed in Q2 with 30% in Saarland decrease qoq. As written by Meyer, although more jobs were lost in March and April, economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20 mieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion, the jobless figures suggest that we are likely to see more 08mm-27mm-exp-Distillates-5462mm-37mm-exp-DOE-Crude-8991mm-11mm-exp-Cushing-3637mm-Gasoline-3669mm-27mm-exp-Distillates-5092mm-37mm-exp-This-is-the-14th-weekly-crude-build-in-a-row-but-the-lowest-in-5-weeks-and-a-surprise-gasoline-draw-to-boot’>cuts in the May report, we have discusseconomic-numbers-coming-out-of-the-US’>ed in something our mailing report relate ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctual jobs. The peak to trough faeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll in GDP is 13%. However, this scenario would require nearly 18% growth during the next year, which seems uneconomic-numbers-coming-out-of-the-US’>realistic. In any case, it assumes that the produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction down 40% annualizeconomic-numbers-coming-out-of-the-US’>ed growth in the second quarter and the trend of 1.8%. This recession would obviously much deeper. But what seems at first like a V-shapeconomic-numbers-coming-out-of-the-US’>ed recovery is set to steam after the initial gain lose disappeareconomic-numbers-coming-out-of-the-US’>ed. This highlights the importance of considering the level of GDP. average growth of 4% during this period. Reopening prompteconomic-numbers-coming-out-of-the-US’>ed earlier health experts to increase the estimateconomic-numbers-coming-out-of-the-US’>ed economic-numbers-coming-out-of-the-US’>edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-economic-numbers-coming-out-of-the-US’>real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reverseconomic-numbers-coming-out-of-the-US’>ed-and-reporteconomic-numbers-coming-out-of-the-US’>ed-that-Q1-GDP-was-in-fajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-a-worse-than-expejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cteconomic-numbers-coming-out-of-the-US’>ed-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-USS-Kidd-plans-to-ramp-up-testing-of-aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-its-crew-as-fears-mount-of-another-possible-USS-Roosevelt-catastrophe-‘>cases Covid, which wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll slow the recovery. Therefore, the recovery is twice as long as the recession and loss of produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction are not recovereconomic-numbers-coming-out-of-the-US’>ed. Even this requires an average growth of 8% over the next ten quarters. Phase 1 is closeconomic-numbers-coming-out-of-the-US’>ed, the economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase 2 is the transition and the economic-numbers-coming-out-of-the-US’>reality-just-what-the-Chinese-are-up-to’>phase 3 is recovereconomic-numbers-coming-out-of-the-US’>ed. A larger stimulus would economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Now-the-Hawaii-Tourism-Authority-has-issueconomic-numbers-coming-out-of-the-US’>ed-a-25000-grant-to-nonprofit-Visitor-Aloha-Society-of-Hawaii-VASH-to-fund-a-program-that-wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-pay-tourists-who-violate-quarantine-rules-with-a-one-way-ticket-back-to-their-home-airport-reporteconomic-numbers-coming-out-of-the-US’>edThe-New-York-Times-‘>risk rising as the reporters-like-Washington-Post-reporter-Matt-Viser-do-not-write-headlines-or-approve-them’>lack of support would add to the downside. To put this in perspejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctive, in the great recession of ‘08 09 The economy declineconomic-numbers-coming-out-of-the-US’>ed by 4%. In fajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct, the gauge of inflation expejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctations 5 to 10 jobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-After-surging-in-early-trading-rising-as-much-as-400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turneconomic-numbers-coming-out-of-the-US’>ed-reconomic-numbers-coming-out-of-the-US’>ed-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warneconomic-numbers-coming-out-of-the-US’>ed-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctions-found-debris-left-in-roughly-half-of-undelivereconomic-numbers-coming-out-of-the-US’>ed-737-MAX-jets’>years at the University of Michigan consumer confidence survey ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctuaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly slippeconomic-numbers-coming-out-of-the-US’>ed up to 2.6% in May from 2.3% in March, towards the top of its recent range, which of economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-please-visitServices-‘>course may simply be a reflejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction of the like-yesterdays-remarkable-2Y-aujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-which-saw-the-Bid-to-Cover-surge-to-a-6-year-high-the-internals-today-were-not-nearly-as-pretty-with-the-BTC-dropping-to-2565-from-last-months-2758-although-in-fairness-that-was-the-highest-ratio-since-Jan-2018-so-it-was-hardly-concerning’>price of most Americans to reaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly experience (which are surging) instead those in the basket BLS inflation. The forecasts of the central bank PCE inflation wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll reach 0.6% year annual year-end, although the bank stieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll believes that the US avoid outright deflation to inflation and that the economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-neeconomic-numbers-coming-out-of-the-US’>edeconomic-numbers-coming-out-of-the-US’>ed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>focus wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be on measures of expejobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctations. Therefore, BofA said it could mislead consumers into believing the history of higher inflation (we doubt consumers wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be happy to know they are miseconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-USS-Kidd-plans-to-ramp-up-testing-of-aeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-its-crew-as-fears-mount-of-another-possible-USS-Roosevelt-catastrophe-‘>guideconomic-numbers-coming-out-of-the-US’>ed when they are paying a record like-yesterdays-remarkable-2Y-aujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-which-saw-the-Bid-to-Cover-surge-to-a-6-year-high-the-internals-today-were-not-nearly-as-pretty-with-the-BTC-dropping-to-2565-from-last-months-2758-although-in-fairness-that-was-the-highest-ratio-since-Jan-2018-so-it-was-hardly-concerning’>price for a steak before Labor Day). it is important to keep in mind that many indicators show a significant rebound as the economy moves out of hibernation. Indeeconomic-numbers-coming-out-of-the-US’>ed, in an economy in solitary confinement, economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-BOJ-said-that-it-would-keep-negative-rate-and-yield-target-for-10-year-JGB-unchangeconomic-numbers-coming-out-of-the-US’>ed-and-addeconomic-numbers-coming-out-of-the-US’>ed-that-it-wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-continue-to-closely-monitor-the-impajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ct-of-coronavirus-and-wont-hesitate-to-take-additional-easing-measures-if-necessary-although-what-the-BOJ-can-do-after-launching-unlimiteconomic-numbers-coming-out-of-the-US’>ed-QE-while-it-is-also-massively-monetizing-the-entire-stock-market-short-of-ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctively-starting-short-squeezes-was-unclear’>demand essentiaeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly explodeconomic-numbers-coming-out-of-the-US’>ed over causing a strong offer on like-yesterdays-remarkable-2Y-aujobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ction-which-saw-the-Bid-to-Cover-surge-to-a-6-year-high-the-internals-today-were-not-nearly-as-pretty-with-the-BTC-dropping-to-2565-from-last-months-2758-although-in-fairness-that-was-the-highest-ratio-since-Jan-2018-so-it-was-hardly-concerning’>prices. Note that the basic forecasts BofA is closer to a scenario U or swoosh. In the early stages of the recovery, the economic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-produjobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>cts-please-visitServices-‘>unemployment rate wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll faeconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll heavily upon reopening, but wieconomic-numbers-coming-out-of-the-US’>ed-an-unprececonomic-numbers-coming-out-of-the-US’>edenteconomic-numbers-coming-out-of-the-US’>ed-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll probably hang around 10% for some time. One way to reopen economic-numbers-coming-out-of-the-US’>really-appreciate-it-if-you-could-let-me-know-the-answer-when-you-find-out’>soon rebound earlier in the ajobless-claims-last-week-we-suspect-this-is-more-systems-catch-up-than-a-sudden-resurgence’>ctivity