Merchants defaulting and lowering payments
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  1. 03-21-2020, 01:01 AM #1
    WestCoastFunding
    WestCoastFunding is offline
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    Goldman Sachs GDP prediction:

    Q1: -6%
    Q2: -24%

    Keep in mind, at the height of the 2008 financial crisis it dropped by -8.4% in Q4 2008.

    Guys, if these Goldman Sachs predictions come to be, default rates of 35% are totally realistic and could even be conservative. I’d be shocked if even Marcus is funding on Monday.
    Last edited by WestCoastFunding; 03-21-2020 at 01:09 AM.
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