"Half Of America Will Get Sick": Here Is What Goldman Told 1,500 Clients In Its Emergency Sunday Conference Call
By Tyler Durden: Around the time the Fed stunned markets with its 5pm Sunday emergency bazooka intervention, Goldman was holding an emergency conference call in which some 1,500 clients and companies dialed-in, making the comparisons to "Lehman Sunday" especially apropos.For those wondering what Goldman said, here is the bottom line via TME:
- 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
- 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
- Peak-virus is expected over the next eight weeks, declining thereafter.