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Goldman Finds The Pandemic Recession Was Actually Not That Bad

From zerohedge.com

In a note which we are confident will go swimmingly with millions of Americans who lost their jobs in the past six months, Goldman's economics team writes that "scarring effect" from the pandemic recession has been "surprisingly limited" and the "damage has so far been much less than initially feared" in what is likely the most upbeat take on the current economy and one wonders if it involved any research outside of Tribeca. After saying tthat the early weeks of the virus shock the Goldman economists "began to closely track measures of long-term damage to businesses and the labor force" with many businesses facing ... (full story)

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