Most Ominous Quotes of the Week – November 28, 2020

“The economy is going to be very uncomfortable between now and when we get the next fiscal rescue package.  If lawmakers can’t get it together, it will be very difficult for the economy to avoid going back into a recession.”

Mark Zandi, chief economist at Moody’s Analytics, on rising unemployment claims

“This winter will be grim.”

Economists at JPMorgan Chase, in a report slashing their forecast for the 2021 first quarter to a negative 1% annual GDP rate

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