JPMorgan’s Global Quantitative and Derivatives Strategy team, led by Marko Kolanovic, has been crunching the numbers on the coronavirus pandemic, and found that the forecasts can vary wildly, with predicted economic declines ranging from 20% to 70%, depending on which data the analyst chooses to start with.There are simply too many variables right now. No one truly knows if the economic shutdown will last a few more weeks, or months, or even longer – and guessing the date that business gets back in the saddle determines the depth of the current losses. Kolanovic points out that the only certain data, …read more
Source:: Yahoo Finance
