GS predictions of a ways to go before making a rapid comeback at the end of 2020.
“The Fed has also promised to pump in trillions of dollars of cash into financial markets and relaunched its 2008 crisis-era bond buying program known as quantitative easing.”
Where is all this money coming from?
“In the fourth quarter of 2019, the U.S. debt-to-GDP ratio was 107%. That’s the $23,201 trillion U.S. debt as of December 31, 2019, divided by the $21.734 trillion nominal GDP.”
“What’s the tipping point? A study by the World Bank found that if the debt-to-GDP ratio exceeds 77% for an extended period of time, it slows economic growth. Every percentage point of debt above this level costs the country 1.7% in economic growth.”
It is starting to sound like “we cured the disease but killed the patient”.