Analysis: It will be a devastating week for the US economy. There is no playbook -- and stimulus must come fast [CNNMoney.com]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: CNNMoney.com
It will be a devastating week for the US economy. There is no playbook -- and stimulus must come fast New York (CNN Business) The economy is cratering deeper than we have seen in our lifetimes. Layoffs are coming so quickly, the state unemployment offices can't keep up. Banks are flooded with calls about upcoming mortgage and loan payments. Downtowns are deserted, malls are closed, bars are empty, and airplanes are grounded . A sudden stop in the economy so severe, Goldman Sachs economists now forecast real GDP growth of negative 9% in the first quarter and down an astonishing 34% in the second. Economists at Goldman Sachs expect the economy to recover mid-year with a 19% gain in the third quarter. The biggest economy in the world has stopped . The demise is so swift, it hasn't been reflected yet in the monthly data. Consider Tuesday morning's consumer confidence report a bit of nostalgia. It will likely show consumers' confidence commensurate with a healthy economy.Friday's mo
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form 4
- MCO's page on the SEC website