IMO, no economy will be exempted from this pandemic regardless if it is a first or third world country. All economies globally are suffering right now and definitely it will be different after the pandemic. Unemployment rate increases in all countries but once the pandemic has gone then people will start to work again and will have enough money to spend that will help economy rise again same as in the US though the damage is really severe in their economy, for sure after the pandemic they will be able to cope again.
If in case there will be a second wave of covid19 that will hit the US I'm pretty sure they'll be more prepare and would be able to handle the situation better than the first wave for each of the countries had learned their lesson and know how to respond in this pandemic if that will happen again which I hope not. And for the Fed I doubt that they'll not prepare for any sudden event like the second wave of covid19 rest assured they already do some presumption on this and how they'll respond if in case it will come to reality.
Topic: Fed concerns about US economy are a reminder that economy may never be the same - page 2. (Read 243 times)
May 21, 2020, 09:33:43 PM
May 21, 2020, 04:06:20 PM
All economies in the world are affected with consequences of pandemic and US economy is not exception. To my opinion real situation is about to see and at this moment it's hard to tell how deep the crisis is going to be and for long it will last.
Although US economy was among most successful in the world this is the situation where recovery will not come so fast. Also, to.my opinion US government didn't react on time and I'm not sure how much it can do to safe economy and speed up recovery. It might get worse than it seems now.
Although US economy was among most successful in the world this is the situation where recovery will not come so fast. Also, to.my opinion US government didn't react on time and I'm not sure how much it can do to safe economy and speed up recovery. It might get worse than it seems now.
its all over the news that if Trump reacted a week earlier they would have stop the spread of the virus. why do they have the second waves already when the numbers hasn't even drop for a day, why call it the second wave?
they will recover as they always do. i'm sure they can find away to solve their problem. starting a war is always a money making scheme.
May 21, 2020, 03:35:25 PM
All economies in the world are affected with consequences of pandemic and US economy is not exception. To my opinion real situation is about to see and at this moment it's hard to tell how deep the crisis is going to be and for long it will last.
Although US economy was among most successful in the world this is the situation where recovery will not come so fast. Also, to.my opinion US government didn't react on time and I'm not sure how much it can do to safe economy and speed up recovery. It might get worse than it seems now.
Although US economy was among most successful in the world this is the situation where recovery will not come so fast. Also, to.my opinion US government didn't react on time and I'm not sure how much it can do to safe economy and speed up recovery. It might get worse than it seems now.
May 21, 2020, 03:08:10 PM
There's no doubt that the US will have a second wave of the virus since different state officials and governors are already too eager to open up their borders and lift quarantines to do business. This will be a huge economic burden to the US, and the Feds need not blame others but only point fingers at themselves since they allowed this to happen. The real workers of the economy are either too scared to go out or too sick to even think of working. No matter how much financial adjustments are made, the US is bound for a 2008-like economic meltdown due to this pandemic.
May 21, 2020, 03:02:46 PM
The economy of USA is not looking good in the long run especially now that the vaccine will not be available until next year. In addition, USA is the new epicenter of this pandemic which has a total of 1.6 million confirmed cases. Even their economic structure is highly developed, world's largest economy and net wealth they will crumble sustaining their citizens for a long time, now that the population is USA is huge. What's worst is the unemployment rate in the USA, last time I checked around March there was already 30 million unemployed people in the USA, and these workers will have to file their job benefits. Now the question is how would they sustain this all??
May 21, 2020, 02:17:51 PM
When you break the economy to a level where regular people barely surviving and hardly ever "living" a life, basically just wake up in the morning, work all day, come home watch some netflix and sleep and do that over and over again with maybe few times a month going somewhere with friends, you are forcing the economy to break. You know why oil companies were that big?
As they were getting a ton of requests for oil since it was used in more everyday stuff, nowadays people are more aware and they are basically turning to renewable energy, you know why stock markets are this big? Because there was regular people who could save somewhere and put that into investments. All those big companies are losing profits of their future, only because regular people who were part of it became too poor for it.
As they were getting a ton of requests for oil since it was used in more everyday stuff, nowadays people are more aware and they are basically turning to renewable energy, you know why stock markets are this big? Because there was regular people who could save somewhere and put that into investments. All those big companies are losing profits of their future, only because regular people who were part of it became too poor for it.
May 21, 2020, 10:20:59 AM
The US still cannot stabilize the COVID cases, what more if there would be the second wave? Even if they are a developed country, it will be hard to handle if this virus lasts longer. Unemployment and financial support will be the primary problem of most citizens aside from the virus itself. In my country, that's the problem we are facing right now that's why the government had no choice but to let some businesses to run again. It's also a way to save the economy.
But based on what I have seen in some articles, it would be hard to start opening some businesses in the US again because they have way more cases than my country. And that it's hard to make Americans follow some rules like using face masks. This situation will worsen if people won't follow and won't adjust to some changes and if the government won't do what they have to do to handle the virus.
Maybe if they could follow what some countries did to flatten the curve in their country, it won't crash the US economy and they could recover from the losses. About the concern of the Fed, it's best for the government to prevent it from happening again since they know how it affects them before.
But based on what I have seen in some articles, it would be hard to start opening some businesses in the US again because they have way more cases than my country. And that it's hard to make Americans follow some rules like using face masks. This situation will worsen if people won't follow and won't adjust to some changes and if the government won't do what they have to do to handle the virus.
Maybe if they could follow what some countries did to flatten the curve in their country, it won't crash the US economy and they could recover from the losses. About the concern of the Fed, it's best for the government to prevent it from happening again since they know how it affects them before.
May 21, 2020, 08:20:21 AM
There's no doubt that the US economy will witness the dark days of 2008.The unemployment rates are at historical peak and the stimulus plan won't help that much.However,many economists think that the crisis will be more of a V-shaped or U-shaped line,rather than a L-shaped long term depression.
The statements that "the economy will never be the same" are just some over-dramatic clickbait.I'm sure that the US economy will recover after several months.
The possibility of a second wave of COVID-19 still remains,but I don't think it will happen.
The statements that "the economy will never be the same" are just some over-dramatic clickbait.I'm sure that the US economy will recover after several months.
The possibility of a second wave of COVID-19 still remains,but I don't think it will happen.
May 21, 2020, 06:19:11 AM
In it’s last meeting held on April 28th Fed officials unanimously agreed that US economy will never be the same if a second wave of covid19 virus attack took place, and they also pledged to do all they can to keep the economy stable during such uncertain times.
Furthermore what worries me is the massive wave of unemployment that the Fed believes will come if things don’t get better soon, and if the unemployment wave strikes US now then in my personal opinion US citizens will witness a repeat of the dark days they saw in 2008.
What do you’ll think of Fed’s concern?, and how many of you’ll believe that we will witness those dark days of 2008 again?.
Sources:
https://www.nytimes.com/2020/05/20/business/coronavirus-economy-stock-market.html#link-26af4971
https://en.wikipedia.org/wiki/Financial_crisis_of_2007–08
https://www.washingtonpost.com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html
https://www.cnbc.com/2020/05/19/unemployment-today-vs-the-great-depression-how-do-the-eras-compare.html
Furthermore what worries me is the massive wave of unemployment that the Fed believes will come if things don’t get better soon, and if the unemployment wave strikes US now then in my personal opinion US citizens will witness a repeat of the dark days they saw in 2008.
What do you’ll think of Fed’s concern?, and how many of you’ll believe that we will witness those dark days of 2008 again?.
Sources:
https://www.nytimes.com/2020/05/20/business/coronavirus-economy-stock-market.html#link-26af4971
https://en.wikipedia.org/wiki/Financial_crisis_of_2007–08
https://www.washingtonpost.com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html
https://www.cnbc.com/2020/05/19/unemployment-today-vs-the-great-depression-how-do-the-eras-compare.html
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