Posted on 04/10/2020 6:04:28 PM PDT by E. Pluribus Unum
President Donald Trump said at a White House briefing he expects a sharp economic rebound later in the year due to what he said is “tremendous pent-up demand” combined with massive stimulus efforts.
Trump was asked by a reporter at an April 10 briefing of the White House COVID-19 task force what his top economic advisors thought of the new forecast by economists at JPMorgan, America’s biggest bank, that second-quarter output will nosedive by 40 percent.
“My economic advisors are interested in the third quarter and, really, the fourth quarter. And I think we have a chance to do record fourth-quarter numbers because there’s a tremendous pent-up demand,” he said.
Trump added that this week’s furious Wall Street rally, which saw stock indexes surge by historic amounts despite bad pandemic news, was proof of investor confidence and the potential for a V-shaped recovery.
“With all of this news, what would lead you to believe we were going to have the best stock market week—a shortened week—in 50 years? Almost broke the all-time record. You know what that is? That’s a pent-up demand.”
(Excerpt) Read more at theepochtimes.com ...
BRRRING IT!
I don’t think so...
Ready for a few G’s of economic rebound and sanity.
JMHo
“...due to what he said is “tremendous pent-up demand...”
Like the poor bastard friend of mine who hasn’t been laid in six years.
This house has a huge pent-up demand for TP and paper towels.
I think Trump arranged all of this just so he could reuse his “MAGA” brand. /s
Make America Great Again, again?
That one time $1200 to $3400 helps this month. But in future months? It buys most of us a month. 16 million formerly productive Americans unemployed in 3 weeks. Guessing another 6 to 7 million next week.., most unemployment systems can’t handle the number of claims. A vast majority of Americans live paycheck to paycheck. Now half or quarter that amount.
And who can afford COBRA? Just got my package. $2800 a month to continue my insurance. That’s $400 a month more than my UI claim alone.
We need to have Congress lift sovereign immunity against Communist China (similar to Saudi Arabia for 9/11)
The US, just like the UK, needs to sue Communist China for all costs.
Trillions in central bank printed $$ entering the stock market does not equal an economic recovery.
I’m with you. I hope we are wrong. I just cannot see how all these small business, surviving on a knife edge, can make it, and then the bill is going to come due with this flipping 2 Trillion dollar piss money away bill they passed.
I agree.
Sorry Trump, prove it! Fire Fukci and Bleech and OPEN THE DAM COUNTY!!!!!
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