OFFICIAL now....recession began in Feb. HERE is a look at poss. paths of recovery,IF we can contain corona... probable U SHAPED, you are on
crack if U thing V shaped is going to be your future....our PRESENT position of the virus is pathetic....so ,the king should probably concentrate on
corona (like that's going to happen) instead of campaigning. WATCH WHAT HAPPENS
You think so? We just had a 100 year Black Swan type event, of course there are going to be economic setbacks. But there is light at the end of the tunnel. NASDAQ just hit a new high. Yes, astounding but true! And the market is all about future profits so I think Wall Street is very bullish on the recession being a short one.
Thomas Sowell: There are no solutions, just trade-offs.
The Wall Street Journal reported today than the global economy will take a 5.2% hit so this is more than just President Trump and America. And the US should be much better able to bounce back, our economy is more diverse, we have more wealth in store to keep us solvent in a pandemic. The developing world will be hit a lot harder. Their economies are much less diverse and Europe's economy was already slowing before the pandemic. One of the reasons that Europe is opening up earlier than America. They need American tourists to visit. Personally I think most Americans will stay home. The risk tolerant ones will have a great time, empty museums. Seeing the sights instead of millions of Chinese and Americans everywhere.
Thomas Sowell: There are no solutions, just trade-offs.
WED. (tomorrow) 2 pm EDT or at noon mdt...we will have an answer..... MANY FACTORS to filter thru,
the central concern is HOW THE CORONA VIRUS WILL IMPACT.....opening up the gates and letting
the horses out of the corral.....increased risks/cases will SHUTDOWN the economy again...watch what happens.
QE FOREVER...(2022)....AND dozens of states now reporting large increases of corona and hospitals
are filling up...tip of the iceberg....toasting an EARLY opening when NO state had the minimal requirement of
TWO WEEKS WITHOUT CASES....could have seen that coming miles away....watch what happens...
V SHAPE recovery....nope.
Just had our cruise to Hawaii cancelled in September and October. Canada has not relented on opening up their ports to cruise ships and I think Hawaii isn't that eager to welcome people from cruises right now.
Which method of travel sounds safer, a airborne tube of people breathing the same air? Or a slow boat that takes days to go anywhere?
Thomas Sowell: There are no solutions, just trade-offs.