“V” Shaped Recovery? Nah, They Have the Chart Upside Down…
Published: May 11th, 2009
From FT
That’s from JP Morgan
Will the global recovery by V-shaped or L-shaped? That is easy and has been settled. As the chart shows, given the depth of the recession, any return to positive growth will depict a V. The issue is whether the leg up will be as long as the leg down. Here we figure that the V is set to become quite symmetric, with the first few quarters of rebound below trend, and the following ones above trend.
Since when wishful thinking is consider to be fundamental economic analysis?
More on this topic
(What's this?)
Pounding the Table for a V-Shaped Recovery
(Contrarian Profits, 5/5/09)
The JPMorgan (NYSE: JPM) Losses: Here’s What Happened
(Money Morning, 5/11/12)
THIEL: NO V-SHAPED RECOVERY
(THE PRAGMATIC CAPITALIST, 5/28/09)
Brian Wesbury Is Clueless
(Top Gun Financial Planning, 5/5/09)
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