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.
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?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investing advice, 5 commodities to buy for profits into 2021: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What uncertainty? For those that don’t have a paid account: 1) air 2) water 3) earth 4) fire 5 everything changed when the fire nation attacked
Source: BusinessInsider - 🏆 729. / 51 Read more »