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>V-shaped recession Some experts think otherwise: "When the global economy recovery arrives, it may look more like a “swoosh” than a V, according to Davy, Ire

>V-shaped recession Some experts think otherwise: "When the global economy recovery arrives, it may look more like a “swoosh” than a V, according to Davy, Ireland’s largest securities firm. “It’s like a Nike-shaped swoosh,” Aidan Donnelly, head of equities at Davy’s private clients unit, said in an interview. The firm has assets worth over 14 billion euros ($15.4 billion) under management." https://www.bloomberg.com/news/articles/2020-03-31/get-ready-for-the-swoosh-shaped-recovery-davy-s-donnelly-says https://www.bloomberg.com/news/articles/2020-03-31/get-ready...

keiferski 7y ago
In case anyone else didn't know what "swoosh-shaped" is supposed to mean: it seems to indicate a sharp drop, followed by a long, but steady, recovery. "The virus won’t last forever, the global economy will recover,” said Donough Kilmurray, Chief Investment Officer at the Dublin-based firm’s wealth management business. “A V-shaped recovery feels too optimistic, but an L-shaped view is probably too pessimistic.”
- voisin 7y ago
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chadmeister 7y ago
There is nothing in that article or that individuals opinions supporting such a claim with any form of evidence whatsoever. This is the sort of loose claim you can recall later on and regardless of what sort of recovery we see, still be able to tell everyone that you were right.
jadbox 7y ago
Don't trust this source... the article sounds like a cheap plug for Nike particularly near the end where it oddly starts talking about how Nike is a great buy.
tabtab 7y ago
Recoveries from slumps (business cycle down-turns) have been getting gradually slower over the decades for reasons not entirely understood. The cascading effect of job loss and purchase reductions causing each other to grow worse seems harder to undo these days. We were overdue for a slump even without the virus such that we probably should assume it will progress (or not progress) like a typical modern slump, with its slow recovery. Ideally we'd pay down the debt during the up times so that we can have big stimuluses during slumps. There's a lot of old infrastructure to be repaired in the US anyhow. Unfortunately Wash. DC lacks such discipline: they failed to save up for a rainy day, and it's pouring now.

keiferski 7y ago

In case anyone else didn't know what "swoosh-shaped" is supposed to mean: it seems to indicate a sharp drop, followed by a long, but steady, recovery. "The virus won’t last forever, the global economy will recover,” said Donough Kilmurray, Chief Investment Officer at the Dublin-based firm’s wealth management business. “A V-shaped recovery feels too optimistic, but an L-shaped view is probably too pessimistic.”

voisin 7y ago
Elevator down, Escalator up

chadmeister 7y ago

There is nothing in that article or that individuals opinions supporting such a claim with any form of evidence whatsoever. This is the sort of loose claim you can recall later on and regardless of what sort of recovery we see, still be able to tell everyone that you were right.

jadbox 7y ago

Don't trust this source... the article sounds like a cheap plug for Nike particularly near the end where it oddly starts talking about how Nike is a great buy.

tabtab 7y ago

Recoveries from slumps (business cycle down-turns) have been getting gradually slower over the decades for reasons not entirely understood. The cascading effect of job loss and purchase reductions causing each other to grow worse seems harder to undo these days. We were overdue for a slump even without the virus such that we probably should assume it will progress (or not progress) like a typical modern slump, with its slow recovery. Ideally we'd pay down the debt during the up times so that we can have big stimuluses during slumps. There's a lot of old infrastructure to be repaired in the US anyhow. Unfortunately Wash. DC lacks such discipline: they failed to save up for a rainy day, and it's pouring now.