, continuing a strong start to the year despite uncertainty around the virus.
"They're seeing the actions that Chinese authorities have put into place to try to contain this spread and they view it as very much a Q1 phenomena," he said. Dryden said he has downgraded his Chinese growth forecasts for 2020 to about 5.3% from 5.8% and his global growth forecasts to 2.3% from 2.5%. But Dryden differed from Prasad in his assessment of how the outbreak could play out throughout the rest of 2020.
You (with the media's help) will always be able to find a reason NOT to invest...QE, Brexit, end of QE, interest rates, elections, debt-ceiling deadlines, North Korea nukes, impeachment, drone hits on Iranian military personnel, virus outbreaks, all time highs...blah, blah, blah.
racist message
That’s because the position forming in China and in United States is you can’t have a epidemic if you don’t look for it. Soon we will be told all clear and anyone who talks about the folks showing up at hospitals or getting sick will be called conspiracy nuts
Why do you say 'investors' when you mean 'leveraged quantitative algorithms funded via cheap money borrowed from the Federal reserve.'
I don't see significant mortalities. It too shall pass.
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Source: CNBC - 🏆 12. / 72 Read more »