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Wednesday, March 18, 2020

Red alert: US companies are asking for government bailouts.

The US hotel and travel industry are asking for bailouts!

https://sg.finance.yahoo.com/news/u-hotel-travel-industry-ask-234837213.html

The US airliners are asking for bailouts!

https://sg.finance.yahoo.com/news/u-airlines-face-push-back-203204316.html

The US airplane manufacturer is asking for a bailout!

https://www.washingtonpost.com/business/2020/03/17/boeing-asks-at-least-60-billion-trump-expresses-support-bailout/

Can you imagine that this virus outbreak is just in its inception in the US and so many US companies are asking for government bailouts?

What will happen to the US when the infections hit 50m people and cause 1.7m deaths?

Will the stock markets recover from now or there are further downsides to come? You decide for yourself.

Just look at the GDP growth forecast for the US in Q2.

https://sg.finance.yahoo.com/news/second-quarter-gdp-could-plunge-10-economist-warns-133619896.html

2 comments:

Eric Ho said...

https://sg.finance.yahoo.com/news/u-restaurants-seek-455-billion-163553327.html

US restaurants are asking for bailouts now. Hahaha!

Eric Ho said...

https://sg.finance.yahoo.com/news/factbox-boeing-tennessee-whiskey-coronavirus-102411636.html