GOLDMAN: “Business activity continues to deteriorate at a rapid rate. .. We cut our S&P 500 EPS estimate for the third time in a month and now expect a decline of 33% to $110. On a quarterly basis, year/year EPS growth will equal -15%, -123%, -21%, and +27%.” (Kostin) pic.twitter.com/uqE8xGEKYQ
— Carl Quintanilla (@carlquintanilla) March 22, 2020
The Fed balance sheet will explode. Deficits will soar. Money velocity will likely collapse.
And the US Dollar shortage of the global economy will probably increase.
Why? Because forthcoming debt issuances in local currency are going to be even less demanded than they were.
— Daniel Lacalle Official Account (@dlacalle_IA) March 23, 2020
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