Topic: Is the US economy suddenly recovering? - page 4. (Read 1079 times)

The economy has just started to recover recovered to pre-pandemic levels, but the recent surge in new Covid-19 cases may hinder that rebound as certain areas are forced to delay or walk back reopening efforts.

Many developed countries in the United States have been able to control the epidemic very quickly despite being locked out due to the massive expansion of their trade. The United States has not had much of an impact on its economy because of its high productivity rate and low inflationary impact Due to which they are able to recover everything very quickly by taking necessary precautions.

Why the title says "Suddenly Recovering"? does it is something to celebrate if they really do?

USA is one of the most affected from this virus so let us be with them in their fight to return their great economy .

The whole world suffer from this pandemic but it doesnt mean we are in different position,Not because we are more safer than them means we must treat them as others.remember that this fight is for all of us to win and not by individual.

Well then since USA is one rich country theb that may be  possible. However,  since we are still in pandemic and most of the establishment were being lockdow this means that it could be a false information due to the fact that the economy of the country depen on the productivity of the people may it be working or establishment owner.

So far, the US has highest number of cases and deaths of covid19. Hopefully the US and all the countries and people get infected with covid will be able recover and we will heal as one

I think all countries before taking a foreign policy will always consider American policy as a barometer of the world economy and also as a superpower country whose hegemony is indeed recognized by the World. The strength of American influence is still large in the world and America is still the price maker of commodity prices in the world.

The success of handling Covid-19 in Vietnam and Taiwan is inseparable from the readiness based on experience and preventive measures to avoid similar cases in the bird flu pandemic that occurred in 2005. The pandemic was a major blow after the economic downturn due to the trade war between America and China, the economic downturn due to the pandemic was felt by all countries. What is different is only the economic resilience of each country in countering the policies adopted by America. We take the example of developing countries that are close to China and incorporated in the OBOR program, crossed out by the Americans in the list of developing countries, so they cannot enjoy preferential tariffs from America and lose their market in America.

Recovering? The financial crisis is yet to come. It's inevitable that the world will go through tougher situation in the upcoming months. Currently, Govs are trying to pull back economy by declaring financial packages but if lockdown continues then all businesses will be in loss and people will lose their jobs. But how long Govs will support they have limited control beyond that there could be a huge financial crisis.
If the whole world goes through this situation then US economy will be no exception.   

Based on what I have saw in the charts provided by the OP, what I can say is that US is still on the process of recovery and that is not all of a sudden because if you would see and interpret the chart readings, there are still downward flow which will truly state how precautionary measures are being implemented just to be able to make recovery of their economy.

US has been known to have the most cases of covid-19 infection world wide so it is still struggling to do a recovery as of this moment. Yes it is recovering but still on a process and that is not all of a sudden because step by step procedures to maintain the safety of the people must be put into priority. Slow re-opening of business establishments is the key for a somehow slow recovery of the economy so that people can do have their jobs back. What we can see on the charts are the effect of the measures done by the people and the government to be able to conduct their economic recovery. It will still be a long process to be while vaccine is still not yet discovered.

The small business owners were already facing financial problems and due to lockdown the problems for those have also increased because they weren't able to sell any products so many of those had to close down their business. So bailouts should be done in order to restart their businesses.
But unlike other countries America have actually saved most of their economy by sacrificing just a small part of it and the economy haven't taken a major hit as compared to other countries.

There is no bigger secret about what to do for economies to bounce back.. The entrepreneurs and government need a better cooperation that is deliberate to restart the economy. That is, small business owners need to be encouraged by financing them properly.

There are also other ways that economy could look great while also not being that great. You could always allow the companies that bankrupting or close to not pay taxes, that's it, you can delete all of their taxes and that way they will be "profitin" trillions of dollars combined, and that will take the stock market up. See how easy it is to bring the stock market up?

You didn't helped anyone but those companies, all the people are still poor, everything is still bad, yet at the end of the day they are still looking like the economy is going great. This is the reason why I always say that economy is not what you see on stats but what you feel in your pocket, if everyone feels like the economy is bad, that is because it really is, that is why I think it matters to realize economy everywhere in the world could get better if it wasn't for greedy companies and shady politicians.

Nope, you should focus on the US and Vietnamese should focus even more.
When 20% of your exports totaling 35 billion are going to the US you have to pray they are not shutting down and leave you with no place to sell, no need for your merchandise, no need for workers, and all that comes with this. Imagine the hit when so many people that produce goods worth that much a year are left with nothing to do.

There a lot of people in some countries that are focusing more on others than themselves, Vietnam is one, Thailand is other, they are depending on tourism,  they claim they are now safe but I wonder how much is really true and if they are not lying just to get tourists back in as without them they can kiss goodby to 15% of their GDP. It's the fate of small countries, they must look at what happens in the US in the EU, because if those markets are not buying their stuff and their citizen are not spending money they will follow them in the economic crisis.

We all knows that how much money was injected into US economy during lockdown so this is not the real growth,its like a short term recovery possible manipulated by big hands.Dont believe everything reported by Media because they are also playing major part in this manipulation.

Trump has indicated more helicopter money is coming, and I'm sure Powell welcomes it. There's no denying the combination of QE and the CARES fiscal package provided a powerful boost to the markets in March and early Q2. I don't see why they can't do it again. Keep slapping those band-aids on!

Maybe one of these days the Fed will ratchet up the insanity and just start buying stocks outright.

We should not focus on the US economy only, we should think of other country if their economy is recovering.

Countries have different number of cases and probably it has also a different effect in the economy.

In Vietnam, they already recovered the last patient in their country and right now they are in a process of recovering.. They allowed the operation of small and large businesses with a new set of rules and regulations to prevent the risk of spreading the disease again. Hopefully, US should somehow recover from their economic crisis because they are a huge country that also have a huge number of Covid-19 cases.

I do not believe that the United States economy recover faster, because the 5 charts in the CNBC article do not prove that the economy
United States is recovering very fast. These charts only show the upward movement of businesses due to lockdown being lifted. Assessing
economic recovery is not enough to rely on these charts, it must be completed with other data. But this is news positive in my opinion,
because the United States began the pace of economic recovery. I believe the United States economy will recover, but it's not will be fast
with the pandemic condition still running.

It does kind of resemble a false positive but also doesn't at the same time. Economical stats and everything looks like they are fine and by all accounts American economy definitely looks like suddenly recovering and doing much better. However one thing that doesn't add up is the fact that American economy in general shouldn't be going this well with record high 13% unemployment rate for example, a lot more people who do not have enough money to survive even though they have a job.

So, we have two things in our hands right now, one of them is all the charts looking like American economy is doing awesome, but all the stats about poor people looks like its getting worse, which one would you believe? I do not know which one to believe honestly because stock market is usually the biggest say in the economical markets.

well in reality it is not. the mortality rate is also increasing as the number of new infected cases has increased to the point where it is currently at its all time high.
the reason why the reports show less death rate is because some of the Coronavirus deaths are being categorized under a different cause of death such as lung failure, heart disease and similar causes that share symptoms with COVID alongside a false negative result for the dead patients' COVID test.

As what you've said, US is considered as the epicenter of this virus right now. The US government is really having a hard time to control this virus and they are experiencing huge economic crisis. I'm really not that sure if they are recovering slowly because i don't see any improvement in their country.

China is the real origin of this virus, but the improvement in their economy is extremely fast. The way that they handle this pandemic is really effective and they still have a stable economy. US leader is focusing on blaming China than fixing and prioritizing their own economy.

Maybe, that's the reason why they are struggling so hard to recover their economy.

We are far better prepared from a healthcare perspective for a second wave, that much is true. This is for multiple reasons. First of all, Personal Protective Equipment (PPE) production has ramped up massively over the last few months - everything from gowns and gloves to respiratory masks and body suits. My hospital now has a significant stockpile of these, with more readily available as required. Secondly, none of the preparatory work needs to be done again. Everything from making sure every member of staff is tested to see which size of respiratory mask fits them best, to expanding ICU in to adjacent areas and redesigning rotas to meet the increased capacity. We can "hit the ground running" with a second wave, so to speak. Thirdly, we know more about the virus. We know the course it takes and we know the complications it causes. We are starting to get good data about which drugs and medications are and are not effective.

The limiting factor from a healthcare point of view for the second wave I think will no longer be how many ventilators there are - as you say, production has ramped up massively over the last few months. The limiting factor is going to be the availability of staff with the knowledge and training to operate a ventilator. The virus causes a condition know as ARDS - acute respiratory distress syndrome. Incorrect use of a ventilator at the best of times can be life threatening, but with ARDS the lungs are so fragile that ventilatory parameters have to be very carefully controlled.

Coincide all of that with the next flu season, which already puts a huge strain on intensive care resources, and even with the increased numbers of ventilators it won't take a huge number of new cases to saturate hospital capacity like we saw in Italy. If people are being denied life saving treatments and dying in the corridors and on the floor, I can't see how new lockdown restrictions wouldn't be implemented. Whether or not people actually stick to them is another thing altogether, though.

If we do hit that scenario, the economy is going to take another beating. As we've said above, the Fed are quickly running out of options to keep the economy afloat. Print more money? Negative interest rates? Helicopter money? All we are seeing at the moment is a small rebound as lockdown restrictions are eased. We definitely can't call this economic recovery yet, and although obviously I hope that recovery is swift and the concerns about a second wave are unfounded, the worst may yet be to come.

Maybe it was done by the same people who probably influenced President Trump to treat the virus like the common flu - “The virus that we’re talking about having to do, a lot of people think that goes away in April, with the heat, as the heat comes in, typically that will go away in April,” source. It seems a rather strange explanation to me personally, but it is clear to me that the US administration has been doing everything from the beginning to minimize the problem, because as ugly as it sounds, the economy comes first.

If we compare the current number of deaths in the USA (130,000), it would mean that this virus is more deadly than the combined Vietnam, Korean, Iraqi and Afghanistan wars in total with just above 100 000 killed soldiers.


Then the Italian scenario is inevitable, people who could have been saved were literally dying in the hallways and waiting rooms because there were not enough respirators to give them a chance to fight for their lives. But I hope that will not happen, because the pandemic has been going on for almost 3 months and the production of protective equipment and respirators is at the highest possible level around the world.