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Discussion » Statements » Rosie's Corner » Per Bank of America. "We are already in a Recession. Wealth will be destroyed." Welcome to the reality of today. Whaddya say? Cool man cool?
RosieG

Per Bank of America. "We are already in a Recession. Wealth will be destroyed." Welcome to the reality of today. Whaddya say? Cool man cool?

Posted - March 20, 2020
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Responses


  • 34767
    We are in a significant down turn.  But technically we cannot be in a recession. A recession requires 2 consecutive quarters of negative growth. We have not offically had 1 yet. We will at the end of this month. 2nd quarter (Apr-Jun)  will have to be negative as well. To say it is a recession.  Bank of America knows this.


    Cool....no not. This post was edited by my2cents at March 20, 2020 7:19 AM MDT
      March 20, 2020 7:18 AM MDT
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  • 113301
    I see you are just like the HOAX. YOU KNOW MORE THAN BANK OF AMERICA FINANCIAL EXPERTS. RIGHT? Impressive. Your portfolio of investments probably wreaks of wealth. Whatever. Thank you for your reply m2c. Good for you for knowing what's up and calling B of A out for being LIARS.
      March 20, 2020 11:39 AM MDT
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  • 34767
    I just know the economic definition of recession:


     A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression.

    https://www.investorwords.com/4086/recession.html


    As I said BoA knows this as well. This post was edited by my2cents at March 20, 2020 11:45 AM MDT
      March 20, 2020 11:44 AM MDT
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  • 4624
    I think the chances are strong that the practical and emotional reactions to Covid could trigger another Great Depression.
      March 20, 2020 9:25 PM MDT
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