- Posts: 7654
- Thank you received: 106
FredHayek wrote: Of course there are stresses in the banking system. 40 million people are out of work, companies are declaring bankruptcy every day. Some of these corporations were already sick and Covid only finished them off. The costs of doing business have increased with huge sanitation bubbles.
And now state economies are shutting back down. This will make things worse. The Dow took another hit this week.
Kudlow was wrong, or was he just trying to keep the mood optimistic? If you preach doom and gloom all the time, like our press does, people will stop spending. Businesses won't expand or open. Sometimes honesty isn't the best policy. Or sometimes people are just incorrect.
FredHayek wrote: LOL, calm down. Your going to spike your blood pressure. Sometimes people get it wrong. The US had a great economy under the first three years of Trump and now that we have a global pandemic, of course the economy will take a hit. Do you honestly believe Hillary Clinton would have done better with the economy? Please note, nations all over the world have taken massive economic hits, both progressive and conservative countries.
How could the economy possibly recover fast when so many governors are still forcing businesses to be closed or open to limited numbers of people? This is an intentional recession that didn't have to happen.
homeagain wrote: markets.businessinsider.com/news/stocks/...d-2020-7-1029366890#
RECOVERY is NOT going to be rapid.....L-O-N-G lead time till we have a level economic landscape....THIS
period is a headfake....BE vigilant, watch what happens.....after Q3