Unemployment may be less than that. But what we will see is what we saw under the Obama administration in 2014, which is largely overlooked. It's called an earnings recession, where companies are going to fall a lot because expectations are falling a lot. Goldman Sachs is predicting 3600 on the S amp. P 500. Now, a prediction is kind of a high estimate of the top so basically it's going to hit 3600 and then fall. How far we don't know
Nick G
@NickGweezy · 4:19
I had explained this previously, but the way that this essentially works is that the bank takes your $100 at the beginning of the day and says, OK, we're going to borrow this for the day to buy bonds. The bonds start at $100 at the beginning of the day and they go down to $97 at the end of the day
