JLR suspends production
#2
#3
![Default](/forum/images/icons/icon1.gif)
Yeah, more or less all of industry has shut down. The real question is what happens to demand if Goldman Sachs is right and the US "grows" at negative 24% this quarter.
With nearly everying shut down, its hard to see how we lose less than a quarter of the economy per quarter IMO. The are 5x more unemployment claims this week than any previous peak, plus the estimated 30% that has exceeded the capacity to process. So they probably figured roughly a 100% annual loss, lets divide 100% by four quarters and call it math.
With nearly everying shut down, its hard to see how we lose less than a quarter of the economy per quarter IMO. The are 5x more unemployment claims this week than any previous peak, plus the estimated 30% that has exceeded the capacity to process. So they probably figured roughly a 100% annual loss, lets divide 100% by four quarters and call it math.
Last edited by RacerX; 03-20-2020 at 02:17 PM.
#4
#6
#7
Join Date: Feb 2014
Location: Adelaide, South Australia
Posts: 8,433
Received 3,209 Likes
on
2,366 Posts
Trending Topics
#8
#9
#11
#12
#13
#14
#15
#16
#17
#18
#19
#20
![Default](/forum/images/icons/icon1.gif)
Practice social distancing and wash your hands!
JLR is very likely to come out the other side of this dark tunnel
The following users liked this post:
Queen and Country (03-22-2020)