Is the US economy suddenly recovering? - page 2.

arwin100

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Quote from: Negotiation on July 14, 2020, 11:24:12 PM

Quote from: DabsPoorVersion on July 12, 2020, 10:08:33 PM

Quote from: Blackrain13 on July 12, 2020, 01:17:48 PM

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

They are trying to recover their country's economy but it will be possible very easily He says the United States has set a record in terms of employment About 22 million people lost their jobs in March and April as the lockdown continued due to the coronavirus epidemic. Some trade resumed in May And the re-employment of workers began In that case the US economy will recover very soon.

They are doing a great job for slowly resuming the establishment which can kick off their economy as well there are sporting events that are set to start off so provably they will slowly starting to heat up but I am curious right now on how they will sustain this since they still have the higher number of cases and the on I really hope is they learn from the experience and no intervention will come to execute the lock down since it will be a huge downfall for them if the case will happen.

exstasie

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Quote from: Emitdama on July 15, 2020, 05:10:02 AM

But the article mentioned in OP actually shows that various factors like Home Purchases and Air travels have seen a hike and that actually indicates that the economy has at least stated to recover I think.

As a trader, I look at those charts and think, "Was that the bottom? Or is this just a temporary bounce?"

V-bottoms are rare. I think what we saw in broad indices was the first part of a Livermore turn. Essentially, that's a would-be V-bottom that bleeds back down into a deep higher low, if not an outright retest of the bottom (or further).

I think we've already seen the reopening boost and growth is going to taper off again. Doesn't mean the markets will dump right away. That's still a question of sentiment and liquidity. But I do think the market has been over-optimistic about the recovery, not to mention riding on bullish retail investors, which leaves it wide open to a painful correction.

Emitdama

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Quote from: romero121 on July 13, 2020, 01:20:59 PM

The economy of USA doesn't seems to be recovering at the moment. American government have been trying lot many possible ways to recover from the hard economic burst. Particularly by this time it hasn't given much importance to the covid.

But the article mentioned in OP actually shows that various factors like Home Purchases and Air travels have seen a hike and that actually indicates that the economy has at least stated to recover I think. But that said, it is hard to imagine after the BLM and covid-19 how they are suddenly improving the economy when there are so many protests and problems going on.

Quote from: romero121 on July 13, 2020, 01:20:59 PM

There will be sudden recovery if there happens a war between two countries. In specific if there happens war between India and China, America will supply weapons and through this trade it'll stabilize it's economy for sure.

It's not as simple though because china is known to be a super power in terms of the weapon they have and having India as a face to fight against China might actually back fire for both India and US because there is never an over statement of how powerful China have grown in the years that have gone by and you can understand their economic mechanism that even after the corona virus they are now almost fully recovered.

darewaller

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Quote from: Blackrain13 on July 12, 2020, 01:17:48 PM

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

I agree with your entire statement apart from the part that they have a "smart" leader because a smart leader would not have done what Trump did recently and calling out China in their face is a bold but poor decision as he was also trolled for calling corona-virus as Chinese-virus.

I certainly do agree that US being the most advanced and technology based nation they have the most advance technologies and certainly have a better plan than most Asian countries.

I don't think the charts shown are too great but at least they are on the right path to recovery and however small a recovery is, it still matters a lot because there is at least no going down from here.

Negotiation

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Quote from: DabsPoorVersion on July 12, 2020, 10:08:33 PM

Quote from: Blackrain13 on July 12, 2020, 01:17:48 PM

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

They are trying to recover their country's economy but it will be possible very easily He says the United States has set a record in terms of employment About 22 million people lost their jobs in March and April as the lockdown continued due to the coronavirus epidemic. Some trade resumed in May And the re-employment of workers began In that case the US economy will recover very soon.

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I wouldnt use the word recover just yet, its just more jobs then immediately prior. I guess people always want to label things positively so as not to discourage any business confidence but its very challenged business atmosphere for most companies I think. Saw this chart somewhere that puts it on scale vs jobs rate of 4 years ago, still a long way to go yet:

The Sceptical Chymist

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Quote from: o_e_l_e_o on June 29, 2020, 09:54:45 AM

The first four graphs are all markers of lockdown being eased as opposed to economic recovery. Apple Maps directions, restaurant bookings, hotel bookings, are all a sign of restrictions being lifted and people being allowed out again, but they don't say an awful lot about the state of the economy.

I tend to agree with you, and I'm skeptical of graphs provided by mainstream media sources in order for them to make a point--and that's because most people 1) don't think critically about data, and 2) don't know how to read graphs, much less draw inferences from them.

On the other hand, assuming the data is accurate I'd say those charts at least point to some recovery in progress. There's nothing in them to get all excited about, but at least it's some positive news. The media tend to play on people's fears, ignorance, and anything else they can in order to keep them watching and reading. Usually their entire output is doom-and-gloom, so a story that shows there might be a light at the end of the COVID-19 tunnel is OK by me.

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The economy of USA doesn't seems to be recovering at the moment. American government have been trying lot many possible ways to recover from the hard economic burst. Particularly by this time it hasn't given much importance to the covid.

There will be sudden recovery if there happens a war between two countries. In specific if there happens war between India and China, America will supply weapons and through this trade it'll stabilize it's economy for sure.

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Quote from: Blackrain13 on July 12, 2020, 01:17:48 PM

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

KnightElite

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Even rich countries like U.S are affected by the pandemic which is the covid-19 because they also have a broken system, even though they are part of the 1st world countries; many people are suffering even if they have the best health facilities all over the world. There are a lot of small countries all over the world that beating the pandemic even though they are not part of 1st world countries like Vietnam. In that country, there are no community transmission in the past 3 months and they are now living normally again because they have good health system.

Blackrain13

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I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

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Quote from: mariaana on June 30, 2020, 08:37:02 AM

Quote from: Juggy777 on June 29, 2020, 08:56:40 AM

It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.
Source:
https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html

It didn't recover really, we still will experience aftermath of corona and quarantine effects on our economy.
However, temporarily we got rid of some of main problems, I wonder if it will worth it after all

I think US is ready for the aftermath of Covid virus. They are opening the economic of the country like also in other country despite of pandemic to avoid total collapse of the economy and to help the people to live a normal life again even in a new normal which is there are a lot of changes to follow from the rules implemented by the government .

angrybirdy

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Quote from: Kasabus on June 30, 2020, 07:58:33 PM

Quote from: Yamifoud on June 30, 2020, 06:35:27 PM

I agree with you.
All of us had suffered big losses and even though US has a lot of resources but I can't think they can recover shortly. In fact, many experts say that the global economic status will be getting worse if the situation won't start to flatten. The more this virus spreads, the more it prolongs the recovery of the economy. It surely US will recover sooner (the same with the others) but not this time and not a good idea for them to fully resume business operations and lifestyle in order to make a huge recovery otherwise the crisis will still continue and it getting worse in their place.

Not only US had suffered but the rest of the countries are totally affected by covid 19 pandemic. But since most of the lockdows are already lifted, people are starting going out and those who have still jobs to return are already working again. I am expecting this already that US economy will still recover but not as quick like this. Country might not even recover even a year after but i'm glad that things are starting to go back to its new normal.

Yes, even those rich countries are affected by covid-19. And as you have said, they are now starting to go back to normal even with the alert of the pandemic. The economy is starting to recover as many business establishments are open again.

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Quote from: Savemore on July 09, 2020, 08:41:29 PM

There are a lot of people who are misunderstood the economy of US, yes they are recovering but it will take more years in order for them to recover all of the losses that they incurred. There are a lot of jobs that are been lost because of this pandemic and there are businesses that are now totally closed because they cannot cover their expenses anymore. For those who want to understand the U.S. market more, try to view the bigger picture where you consider the GDP, the Stock market and the business that are currently operating and also if they unemployment rate decrease.

Indeed. but if the virus lasts a long time, it could mean a slow recovery of the state. and if it is handled incorrectly it might be quite bad. if it makes something structural that inhibits recovery. however, if the pandemic will be lifted in the next few months, it can be observed as a good thing. in the future, in my opinion what impact will that have?

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Quote from: Vishnu.Reang on July 12, 2020, 08:42:26 AM

Quote from: thesmallgod on July 09, 2020, 02:22:23 PM

US is witnessing the second wave of the pandemic recently with over 50k cases recorded recently in a day which goes a long way to tell us the economy recovery will be very difficult. Currently the US government is having a serious argument with the education board that has makes it clear that student will not resume schools. US economy recovery policy is flexible but there is currently no certainty that the economy will recover rapidly

If that is the case, then an economic recovery may take many years. During the last 4-5 days, the United States has reported anywhere between 60,000 to 70,000 cases per day. And remember that this count is even more than the highest daily count we had, even during the peak of the first wave (when states such as New York and New Jersey were affected in April-May).

@Vishnu.Reang yea the US economy is faltering again, and the recent surge in cases is the primary reason why the economy has started falling downwards again. Further the jobs sector which had gained in June has also gone down, and this is not a good sign for the US citizens. Lastly I’m not sure how will Trump be able to accelerate the economy by September, as he had claimed that by September US economy will be back on track.

Sources:

https://www.bloomberg.com/news/articles/2020-07-11/five-real-time-charts-show-signs-economic-recovery-is-faltering

https://www.politico.com/news/2020/06/06/trump-recovery-summer-304384

Vishnu.Reang

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Quote from: thesmallgod on July 09, 2020, 02:22:23 PM

US is witnessing the second wave of the pandemic recently with over 50k cases recorded recently in a day which goes a long way to tell us the economy recovery will be very difficult. Currently the US government is having a serious argument with the education board that has makes it clear that student will not resume schools. US economy recovery policy is flexible but there is currently no certainty that the economy will recover rapidly

If that is the case, then an economic recovery may take many years. During the last 4-5 days, the United States has reported anywhere between 60,000 to 70,000 cases per day. And remember that this count is even more than the highest daily count we had, even during the peak of the first wave (when states such as New York and New Jersey were affected in April-May).

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The global economy was obviously going to recover pretty quickly after lockdowns were lifted and I think it'd still be doing quite well since california and San Francisco seemed to lockdown early and that's where a lot of the technological parts of the economy come into play afaict...

I think it's true that US economy are now going to recover quicky after lockdowns.Also we know how strong the economy of US that's why it was not a surprise if the economy has a fast recovery from the worst caused of pandemic.Covid pandemic won't bring down the US economy.

Negotiation

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The U.S. economy is recovering because the U.S. is developed in all aspects. They are able to recover very easily even if their country's economy is damaged by being at the top of the list compared to other countries. The United States of America is the first source of everything in the technology business trade exchange in the world. Each of their companies is far ahead in terms of crypto investment.

hunter7519

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Well, as we all know US belongs to 1st world country . As expected even if their economic growth are effected by this pandemic they could easily recover. Compare to the 3rd world country it take years or the worst is decade to recover. But if every country helps one another maybe it will not take a years to recover.

Ronaldcoin2017

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USA is a country that has so many resources and they can quickly recover if their economy will fall, i believe that USA is a great country they are so advanced in terms of technology so i think ot is not questionable if they recover vey fast if there are crisis, i think we need to put basis on USA as a model for us to also easily recover if there are crisis.

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