Goldman Sachs now says US GDP will shrink 24% next quarter amid the coronavirus pandemic

We all know it is going to shrink. How can people spend money if they are supposed to go to work only? How can you stay employed if people are not buying your goods and services?

This is a wacky situation.

They cant. So Yea numbers will be bad så never Before. End of story. No need to try to Guess how bad. Thats like picking the low in the market.

Se are closing down the world because of this and dont get me wrong here but I could use a more nuanced debate about this. Was there other option? What would Happens if we did not close down? Yea more people would die. Thats a fact. On the other hand I argue that the human costs of closing down by far will exceed the numbers of potential deaths. We will see a massive numbers of unemployed, massive numbers of people who cannot pay their debt and selfemployed Going bankrupt. All lives that will Maybe never be the same again and they would probably rather send a shitty week on toilet Than loosing everything. So there are more Than one side to this story in my view.

Goldman , who said Oil was going to $200 . They'll say anything to give their trading desks an hedge .

Then the reverse rhetoric when they've " filled their boots"

LOL what was that phrase from the film Wall Street? "Blue Horseshoe loves Anacot Steel"

(or maybe hates if they're short?)

I wonder why