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Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus."Out team has GDP growth at zero for the first quarter ... China is really slowing and that's worrying people for sure.""We are so solid," Hyman said. "It's not the virus, it's the trade that matters. People are not going out. They are not shopping, and that's what's hurting particularly China.
JoelCRosenberg Joel, could a 7.7 earthquake off the coast of FL a couple hours after peace deal announced be a sign from God? It shook Miami and the Pres. home. And then the dow fell 603 points a couple days later. And Coronavirus started showing up in US. Thanks.
It will be worse, Since 2003, China has grown from the world's sixth-largest economy to the second biggest today! Turism, industrial suply chain, airflight, cargo, train, consumsion , agriculture
Yes at best.
Does Ed still annotate his charts with magic marker? We used to love those.
We will have the Fed to thank if we start the next recession with sub 1% 10 year yield....
China is China. It will overcome. Soon. When the dust settles, everything shall resume. And growth shall return. We pray for China. And all the people affected and infected. Quick recovery.
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Source: CNBC - 🏆 12. / 72 Read more »
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