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How The US Is Coping With Chinavirus’ Effect On Economy Compared To European Countries
Posted on 8/12/20 at 6:52 am
Posted on 8/12/20 at 6:52 am
In today’s London Financial Times:
Even better than Germany, which is viewed as the gold standard in this debacle and routinely praised by the media.
US recovery output is higher as well.
Even better than Germany, which is viewed as the gold standard in this debacle and routinely praised by the media.
US recovery output is higher as well.
8
Posted on 8/12/20 at 6:54 am to LuckyTiger
I'd be interested to see total government spending on stimulus measures as a percentage of GDP for the US vs Europe.
Posted on 8/12/20 at 6:54 am to LuckyTiger
That graph makes me sick.
But I get your point.
But I get your point.
Posted on 8/12/20 at 6:55 am to LuckyTiger
the Euro numbers are also skewed b/c government spending counts as GDP and their plan will more directly hide real economic impact
i don't believe unemployment payments are calculated as GDP, and i doubt that PPP was either
i don't believe unemployment payments are calculated as GDP, and i doubt that PPP was either
Posted on 8/12/20 at 7:11 am to LuckyTiger
quote:
Even better than Germany, which is viewed as the gold standard in this debacle and routinely praised by the media.
Shhh don’t tell our media or they won’t report it!
Posted on 8/12/20 at 7:20 am to SlowFlowPro
quote:
the Euro numbers are also skewed b/c government spending counts as GDP and their plan will more directly hide real economic impact
Indeed.
Posted on 8/12/20 at 7:22 am to BayBengal9
quote:
I'd be interested to see total government spending on stimulus measures as a percentage of GDP for the US vs Europe.
i am curious as well
most Euro countries are about to have to make a hard decision on implementing another welfare program to keep people at home and not working. that's the primary reason why they were able to stop spread (along with closing their borders in violation of the EU agreement, lulz)
they're borrowing/spending a LOT of money in a policy that only makes sense if a vaccine is right around the corner
Posted on 8/12/20 at 7:22 am to LuckyTiger
from the picture, China got exactly what they wanted from the virus release.......
Posted on 8/12/20 at 7:30 am to LuckyTiger
Just watched Dick Durban on CNBC. They asked him about what Kamala meant to the business community. He went on and on about the Corona virus and how the US had the most cases, blah, blah, blah. He said that a Biden/Harris response would have been better. I see shite like this and think about how much worse it could have been if we had Democrat’s in charge at the Federal level.
Posted on 8/12/20 at 8:07 am to LuckyTiger
Sweden saw their gdp grow
Posted on 8/12/20 at 9:17 am to LuckyTiger
What pisses me off is with the damage the virus did to Chiba and Europe, we could have tried the Sweden model and stayed 100% open and had a post WW2 economic boom as all other developed nations went into recession and shutdown
Posted on 8/12/20 at 9:27 am to Skeezer
quote:
Sweden saw their gdp grow
this is really going to be interesting to see how things unfold long term
Sweden took the early L, but may already have the advantage moving forward
it's all about when a vaccine can be distributed and effective, and if Sweden's decline keep going, they are already close to winning
Posted on 8/12/20 at 9:29 am to BayBengal9
quote:
I'd be interested to see total government spending on stimulus measures as a percentage of GDP for the US vs Europe.
I think this has that data
I'm about to have meetings starting at 10 so i can't get into it right now
This post was edited on 8/12/20 at 9:30 am
Posted on 8/12/20 at 10:28 am to SlowFlowPro
Excellent, thank you...
So by that analysis, the US spent roughly 14.3% GDP on stimulus measures compared to:
25.7% for UK
39.9% for Germany
27.3% for France
It will be very interesting to see end of year economic numbers to compare how economies bounced back based on social policy and fiscal stimulus.
So by that analysis, the US spent roughly 14.3% GDP on stimulus measures compared to:
25.7% for UK
39.9% for Germany
27.3% for France
It will be very interesting to see end of year economic numbers to compare how economies bounced back based on social policy and fiscal stimulus.
Posted on 8/12/20 at 10:44 am to BayBengal9
Of course we are not done spending...
Posted on 8/12/20 at 10:52 am to deltaland
quote:
What pisses me off is with the damage the virus did to China and Europe, we could have tried the Sweden model and stayed 100% open and had a post WW2 economic boom as all other developed nations went into recession and shutdown
With how interconnected the U.S. is to world trade, there would have still been a recession because the U.S. economy would have been dragged down by the low demand and poor performance of other nations' economies.
Also, with Covid running amok, people are less likely to shop, spend, do their pre-pandemic activities as before. Saying, "All businesses must stay open and keep doing things as usual" doesn't do the trick; many people just won't resume economic activities as before until the virus is beaten.
Posted on 8/12/20 at 4:28 pm to SlowFlowPro
quote:
this is really going to be interesting to see how things unfold long term Sweden took the early L, but may already have the advantage moving forward it's all about when a vaccine can be distributed and effective, and if Sweden's decline keep going, they are already close to winning
So there is some evidence that we need to stay open and barrel through this virus. Old and infirm stay home. Everyone else take safety measures (mask, distance where possible) and go about your lives.
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