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TWM - Q1 2020 GDP Numbers: What's Holding What's Folding
ProShares UltraShort Russell2000
I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of congress are ineligible for reelection.
- Warren Buffett
Think about it – the lockdown in states began around the middle of March 2020 and the GDP fell at an annual rate of 4.8% for the entire Q1 2020. That’s one heck of a sledgehammer blow – imagine the impact if we were to close down for, say, 2 months in a quarter! The stock