Was the Moody’s article claiming another 8.5% from the time of publication or a total of 8.5 ?
I could see another 8.5% for a total of 16.6% being an estimate within the range of possibility. Sure that’s relatively optimistic, but not really bullish.
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I looked back and Moody’s claim was peak-to-trough. Too bad, they could have had some more credibilioty with an additional 8.5 %.
