HSBC Head of Global Foreign Exchange Strategy David Bloom outlined the bank's game plan in the event of L-, U- and V-shaped recoveries, emphasizing that analysts should be making plans for all eventualities.Mike Kemp | In Pictures | Getty Images
The global economy is most likely set for a U-shaped recovery with a "jagged bottom" after the coronavirus crisis, and will benefit currencies in countries with strong fiscal positions, according toSpeaking to CNBC Monday, Head of Global Foreign Exchange Strategy David Bloom outlined the bank's game plan in the event of L-, U- and V-shaped recoveries, emphasizing that analysts should be making plans for all eventualities.
In a U-shaped scenario, the economy fails to respond immediately to exits from lockdowns around the world, but the expectation for a delayed rebound remains in place with multiple "false dawns," Bloom suggested, causing a "jagged bottom" to the U curve.
Now do Main Street.
Let’s get hung up on the letter associated with an evenetual recovery to hide from the fact that we’re facing depression level numbers. A V a W a U how about an L. Just go with an L.
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