have i said this before -- "it ain't over"? i am at 70% cash (doing good) and 15% utilities (not doing so good). i see a lot of things that i would love to buy, but i am going to hide my mouse during daytime.
“Economic data in the near future will be not just bad but unrecognizable,” Credit Suisse said in a note on Friday.“
“This will probably be the world’s first recession that starts in the service sector,” said Gabriel Mathy, an assistant professor at American University whose specialty is economic history.... At one point, it seemed as if manufacturers might be shielded, but the pandemic is now forcing factories to halt operations, too.
Torsten Slok, chief economist at Deutsche Bank Securities, says consumers will continue to be cautious even after authorities signal the all clear. A strong rebound — what economists call a V-shaped recovery, as opposed to a U-shaped one with an extended low — would require a profound resurgence in confidence. But few see that on the horizon.“There is a risk that the psychology has changed,” Mr. Slok said. “People will be very reluctant to do a lot of travel and spending and may want to save for another day. There will be more caution.” |
