Goldman Sachs is predicting that the United States will see an economic rebound in the second half of the year following the downturn connected to the ongoing coronavirus pandemic.
"Our quarterly profitability was inevitably affected by the economic dislocation," Chairman and CEO David Solomon said of the results. Flags fly at full staff outside the NYSE on April 09, 2020 in New York City. In its first quarterly earnings report of 2020, Goldman Sachs shared a drop in net revenue but projected optimism about an economic rebound later in 2020.In its report, Goldman Sachs predicted an economic rebound would begin around mid-2020 after the worst of the pandemic passes through the U.S.
That’s nice. And do they have a crystal ball regarding what this virus is going to do ?
Democrats like Pelosi want to spend our tax dollars on projects that have absolutely nothing to do with getting this government running again, trying to steal money for illegals while businesses need that money. Green deals & abortions, when Americans can use that money.
More Americans will die from covid-19 in the 2nd half of 2020 predicted by the sane Americans. StayAtHome WhereAreTheTestKits TrumpBurialPits RepublicansAreKillingUs
We can only pray.
Mbe
I wouldn’t bet the farm in this one. But way to pump up the markets.
Rebound. when there’s 25% of the work force unemployed ...not possible. Will it try to climb back up, sure..but we are definitely in a recession now..people are going to be holding tight to their money and businesses are going to reduce costs to try and sell inventory..
gussy173 Goldman whistling past the graveyard. Besides they don’t have any skin in what they regard as a game. They’ll get bailed out regardless of tens of thousands dying and hundreds of thousands on food lines.
Dead people don't have jobs.
Goldman trying to spark a rally to sell into.
One day doom next day all will be right with the world. Seems this is a run away train...let's not kid ourselves
BULLSHIT! Ploy to pacify Wall Street! 16m people out of work, the World at its wits end, and these speculators think they have a MAGIC PILL!
Someone let Goldman know we don't have widespread testing, contact tracing, or proven treatments yet.