With state tax revenues down 30-50% for many states, municipal shortfalls could be greater than $1 trillion in a worse-case scenario.The US federal budget deficit will be at 25% if the next fiscal stimulus bill in response to the COVID-19 pandemic is greater than $1 trillion, which would be the highest since the World War II peak of 27.5%.
A big top in 2020 is likely at the time of a successful vaccine, which will lead to "full capitulation by bears, [and] higher interest rates," the note said.
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What they're not us CNBC 'With state tax revenues down 30-50% for many states, municipal shortfalls could be greater than $1 trillion in a worse-case scenario'. The US Government has a poor track record in assisting Municipal recoveries. COVID19 will devastate small cities.
GiacomoPallaro
Hi Peter!
WTF does that mean?
Buy the rumor and sell the news?
Italia Ultime Notizie, Italia Notizie
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