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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 7 4:00 PM EST

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To: robert b furman who wrote (53003)	7/12/2020 8:16:01 PM
From: Johnny Canuck	Read Replies (2) of 67756

I think we are talking about 2 different things. You are referring to what happened after massive government and central bank intervention. I was talking about what could be a worst case scenario. Services sector 67% of US economy: theatlantic.com. In Canada some provinces' economies are as high as 74 percent. The 1929 Depression saw a 15 to 20 percent contraction in GDP and they were at the early phase of a multi-decade industrial expansion when manufacturing was more of the US economy. If the perceived damage was only going to be 5 percent of GDP the governments and central banks around the world would have to do nothing as it would have only been a mild recession. My comment was a projection if everything went wrong in a perfect storm and it was not based on a complex model just some worst case assumptions of demand destruction based on what people need as opposed to want.

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