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re: Economic recovery expected to take years
Posted on 5/27/20 at 4:10 pm to CommonSense31
Posted on 5/27/20 at 4:10 pm to CommonSense31
1
Posted on 5/27/20 at 4:11 pm to CommonSense31
quote:
Overall, the researchers predicted that although the economy will probably start to improve in the second half of this year, there won’t be a quick rally from this recession. “The panelists believe, on the whole, that the recovery from this crisis is going to be a very, very lengthy process,” Timmermann said. “We’re going to be seeing serious effects for years and years.
models predict between 1.5 and 2.1 million US deaths from Covid 19....
your experts don't know shite and their models suck.
could be shorter or longer. Open everything up and lets see what happens.
Posted on 5/27/20 at 4:11 pm to McCaigBro69
I don't know the economy seems to be sucking extra hard right now
This post was edited on 5/27/20 at 4:12 pm
Posted on 5/27/20 at 4:12 pm to CommonSense31
quote:LMFAO
I think these economists know more than you and I
Tiger Droppings has more knowledge than all presidents, ambassadors, economists, etc combined.
Posted on 5/27/20 at 4:12 pm to CommonSense31
Oh look more nonsense from the so called experts 
We will be roaring again by the election
We will be roaring again by the election
Posted on 5/27/20 at 4:13 pm to red sox fan 13
That's how these morons tend to think
Posted on 5/27/20 at 4:14 pm to Pelican fan99
I hope the economy recovers soon but I refrain from saying that it will
Posted on 5/27/20 at 4:18 pm to CommonSense31
quote:
I think these economists know more than you and I
Like the infectious disease experts?
Posted on 5/27/20 at 4:18 pm to CommonSense31
(no message)
This post was edited on 6/9/20 at 1:00 pm
Posted on 5/27/20 at 4:19 pm to DownSouthCrawfish
The virus will mutate and kill most of the world's population within 5 years. But the economy will remain strong. That's what I'm hearing.
Posted on 5/27/20 at 4:20 pm to Scruffy
Everything is tiny compared to all of history...
Posted on 5/27/20 at 4:22 pm to Scruffy
quote:
In the grand history of infectious pandemics and epidemics, it really isn’t.
The 1968 flu killed 100,000 back when the population was 200,000,000. And that was a flu. This is big bad Covid-19.
A brand new Coronavirus kills about the same amount when the population is 130,000,000 people larger.
Posted on 5/27/20 at 4:28 pm to McCaigBro69
How am I Team Apocalypse for pointing out that there are consequences to a nationwide 3 month economic shutdown? please explain
Posted on 5/27/20 at 4:34 pm to CommonSense31
quote:I mean if it takes 2 years or so to get back to pre-COVID levels, that's pretty quick IMO. It would be nice if it was quicker, but it took 2 years for GDP to recover from the Great Recession (and even longer from home prices to recover) and that was not as severe of a drop and did not have as much impact on the non-developed world (i.e., developing world still grew).
Economic recovery expected to take years
And since this is probably going to end up being a much more severe of a decrease, and impact both the developed and developing world, 2ish years would be a pretty quick rebound IMO. It wouldn't be V-shaped recovery, but the would be more like a "checkmark" recovery.
This post was edited on 5/27/20 at 4:35 pm
Posted on 5/27/20 at 4:34 pm to CommonSense31
my recovery is nearly complete. another week like this one and i'll be back where i was before the shutdown.
Posted on 5/27/20 at 4:36 pm to MorbidTheClown
quote:
my recovery is nearly complete. another week like this one and i'll be back where i was before the shutdown.
Unlike regular recessions the foundation is still there. It’s why the markets don’t give a frick.
Posted on 5/27/20 at 4:37 pm to Klark Kent
quote:it’s a joke. They’re saying it because you people were calling everyone who said there would be a lot of death “doomcasters” and other dumb shite
How am I Team Apocalypse for pointing out that there are consequences to a nationwide 3 month economic shutdown? please explain
Posted on 5/27/20 at 4:38 pm to McCaigBro69
People in the service industry about to get a painful first hand lesson that the stock market is not the economy.
Posted on 5/27/20 at 4:39 pm to The Boat
quote:
markets don’t give a frick.
was down nearly $100k at the low point. less than $10k from getting that back.
Posted on 5/27/20 at 5:00 pm to CommonSense31
quote:You know what I find universally interesting about quantitative macroeconomic researchers who work in academic settings?
to survey a group of quantitative macroeconomic researchers who work in academic settings
Quantitative macroeconomic researchers who work in academic settings are all poor relative to their level of education.
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