(Banking Reform)(Global Depression) - '..We must prepare for a much longer recession / depression now.' - Dr. Eric Feigl-Ding

Posted by ProjectC 
'DOWNGRADE: 24% contraction — thats another downgrade of economic outlook because of #COVID19. We must prepare for a much longer recession / depression now.
<blockquote>'Goldman Sachs is now projecting a massive U.S. economic contraction in the second quarter of the year.

The bank is forecasting a 24% decline in economic activity next quarter, compared to their previous forecast for a 5% decline - Walter Bloomberg, (Source, March 20, 2020)</blockquote>

- Dr. Eric Feigl-Ding (Source, March 20, 2020)


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