US economy will continue to recover - Powell - page 3.

bryant.coleman

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Quote from: matchi2011 on September 07, 2020, 05:03:20 AM

Rich people who understand how wealth to work with them, they are capable of finding ways on how they will use their advantages.

While class B and C types of people will suffer from this inflation that will take place. Banks will find ways to
survive from this economic crisis putting most of the burdens to people who are using their services.

This is the perfect reason why poor people should never vote for populist parties, which will promise them handouts. These handouts will worsen the inflation problem, and this in turn will make the poor people even more poor than they were before. On top of that, since funds are required to finance these handouts, the governments will target the rich and the middle class with new taxes. In the end, no one will benefit. Neither the rich, nor the poor.

exstasie

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Quote from: abhiseshakana on September 07, 2020, 09:33:13 AM

Japan is also a country that is diligent in printing money, but there is no inflation, it is even very difficult for inflation because Japanese people are too fond of saving. So it is not always the habit of printing money that causes inflation.

I don't think it's a culture of saving that is responsible. In my opinion, what happened is that 25 years of easy monetary policy made QE the norm. It's now been firmly priced into the market's expectations:

Quote

Though since Japan’s interest rates have effectively been zero since 1995, we have to wonder what “normalization” would even mean. Surely, after this length of time, zero interest rates are "normal"?

This, in a nutshell, is Japan’s problem. After such an extended period, expectations of zero inflation and zero interest rates are firmly baked in. Anyone under 40 has never really known anything else. Shifting these expectations is a Herculean task. No wonder inflation has proved ephemeral.

https://www.forbes.com/sites/francescoppola/2018/07/31/japans-lowflation-problem/#1fde81da3d64

MCobian

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Even though the spread of the corona virus in America is still quite high, and the number of unemployed has not decreased.
But I am optimistic that the US government can make the economy continue to recover. Because America is a big country,
so America should be able to recover its economy. Maybe the US economy is not recovering as fast as the Chinese economy,
but I believe the US economy will recover soon.

Xembin

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Obviously,US is really facing covid-19 cases,which US has the highest number of covid-19 in the world. US economy is going down because of the new number of covid-19 cases that is increasing everyday in their country.
If their government can do something fast to end covid-19 in their country like the way China is fighting their,to recover their economy fully.

abhiseshakana

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Quote from: tbterryboy on September 06, 2020, 10:13:51 AM

The thing about printing money is that it makes your money a lot less valuable, when it doesn't worth as much as it used to you have to pay more for stuff and when you pay more for stuff you end up having more debt for it and when you have more debt there is a crisis and when there is a crisis you print more money. You see how it goes around in circles?

This is exactly why I believe it should be noted that governments should not print money, no matter what the situation is, flushing down the economy time to time would teach people a lesson, some will be super poor, but people are poor already, but in return we will get hundreds of billions of dollars (even trillions) not going towards companies, those companies will bankrupt and this will give a lot bigger lesson to be careful to companies than people.

Japan is also a country that is diligent in printing money, but there is no inflation, it is even very difficult for inflation because Japanese people are too fond of saving. So it is not always the habit of printing money that causes inflation.

America and China are also diligent in printing money, even printing money done by America can save America from a great depression and crown America as the winner of the second world war and become a world hegemon, to this day. China also prints RMB based on layered projects, China prints money to make production machines, so that the economy rotates in China. No matter where the project is, as long as the project is independent and productive, the Chinese government will all out in printing money. The OBOR program is China's strategy to attract dollars into China without spending dollars, namely by printing RMB.

matchi2011

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Quote from: tbterryboy on September 06, 2020, 10:13:51 AM

The thing about printing money is that it makes your money a lot less valuable, when it doesn't worth as much as it used to you have to pay more for stuff and when you pay more for stuff you end up having more debt for it and when you have more debt there is a crisis and when there is a crisis you print more money. You see how it goes around in circles?

This is exactly why I believe it should be noted that governments should not print money, no matter what the situation is, flushing down the economy time to time would teach people a lesson, some will be super poor, but people are poor already, but in return we will get hundreds of billions of dollars (even trillions) not going towards companies, those companies will bankrupt and this will give a lot bigger lesson to be careful to companies than people.

Inflation will be having a greater impact on the poor and the middle class. Because they are more likely to keep their savings as bank deposits. Also, if they have pending loans from the banks, then the EMIs (equated monthly installment) are likely to go up. The rich mostly keep their wealth in the form of bullion (gold, platinum, silver.etc), real estate and shares. And these assets are more or less protected from inflation.

Rich people who understand how wealth to work with them, they are capable of finding ways on how they will use their advantages.

While class B and C types of people will suffer from this inflation that will take place. Banks will find ways to
survive from this economic crisis putting most of the burdens to people who are using their services.

tbterryboy

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The thing about printing money is that it makes your money a lot less valuable, when it doesn't worth as much as it used to you have to pay more for stuff and when you pay more for stuff you end up having more debt for it and when you have more debt there is a crisis and when there is a crisis you print more money. You see how it goes around in circles?

This is exactly why I believe it should be noted that governments should not print money, no matter what the situation is, flushing down the economy time to time would teach people a lesson, some will be super poor, but people are poor already, but in return we will get hundreds of billions of dollars (even trillions) not going towards companies, those companies will bankrupt and this will give a lot bigger lesson to be careful to companies than people.

Silberman

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Quote from: beerlover on September 05, 2020, 04:23:12 AM

USA has been in a downward spiral since Trump get to power, they have been getting worse and worse with all the tax breaks to rich and not paying their fair share and basically all around a land where you are either rich or you are not cared about.

If you are making more than a million dollars a year, USA is a great country, it is the best country to live in, I would prefer no other nation in the whole world for a rich person. However if you are making under 100k a year (which is really a lot compared to other nations interestingly) you are barely surviving because how everything in the world costs you a ton of money.

At one point someone joked about how you could fly to Spain, get a hip surgery, run with the bulls, get injured, get another hip surgery and fly back to USA and it would be cheaper than having one hip surgery in USA. Think of USA as a rich men world.

Many are blaming the pandemic for what it is happening but technically speaking the pandemic is only revealing the weakness and the strengths of each country in particular, for those that are super rich things seem to be perfect but for everyone that does not fit that definition they are struggling to make their dreams come true, and this has being going on way before Trump got in power and for what I can see it does not seem to be a way to change this tendency anytime soon.

Rengga Jati

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It seems that the country is fast recovering economic conditions there. moreover, many interests may be needed so that economic conditions there remain stable and crawl up well. This is a big country and has a currency that is the benchmark for most countries in the world.
So, it's no wonder they can recover quickly. However, is it really honest and reliable data?

jaysabi

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Quote from: Juggy777 on August 27, 2020, 01:17:49 PM

I was reading Powell (chairman of the FED) statement on US economy, and he’s used the words like starts and stops for the economy, and for a second I started to wonder did I just open an F1 news report?.

It’s pertinent to focus on his words which clearly mean that we may see some positive movements in the economy, but along with it we should brace ourselves for negative side effects too which shall last way longer than we all had initially hoped for.

Further there’s more bad news for the jobless people as he’s claimed that they’ll not be able to land jobs, and thus they will continue to remain jobless in the long run.

This analysis is a big blow to Trump who’s been banking on economic revival to win the elections, and this will even pose a big challenge for Biden (if he wins the elections) because reviving an economy won’t be that easy, and if he fails to revive it then Democrats will badly lose the next elections.

Sources:

https://www.marketwatch.com/story/powell-says-us-economy-will-continue-to-recover-with-stops-and-starts-2020-08-27

https://www.adn.com/nation-world/2020/06/04/trump-banks-on-the-economy-and-his-reelection-prospects-rebounding-quickly-without-more-government-help/

There was a large scale disruption in the economy and the labor force. The line down is always a a lot smoother than the line up. Nobody should expect the recovery to be as smooth as the decline. Economies don’t work that way. Think of a giant boulder dropped into a pond. The initial wave is big, and each successive wave is smaller. But it moves up and down in smaller waves as it smoother back to equilibrium. The economic recovery will kind of be like that. Two steps forward, one step back. As long as the long term trajectory is still positive, that’s about all we can hope for.

aiguy

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The U.S. economic rebound continues to lumber on thanks to gradually improving consumer demand that remains at risk of becoming tripped up by still-elevated joblessness.While initial jobless claims decreased in the most recent week, they still exceed 1 million on a weekly basis, and consumer sentiment is stuck at depressed levels. The improvement in job openings since the worst of the pandemic is also leveling off. Listings on Indeed.com are down 21% from a year ago after being 18% lower in late-July and early August.

Latviand

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Quote from: mariah.sadio on August 28, 2020, 07:46:25 AM

Gov is ready to save companies from bankruptcy but what did it cost? Tons of newly printed money and increased inflation rates

Inflation is an another problem if they will continue to print money.

If governments are not that prepared and they don't planned properly on how they will execute it to help the economy, probably they will have a hard time to make the economy recover. I just don't get it while people are relying on making more money that can increase the demand for people and businesses will be relieved from bankruptcy.

That really costs a lot and they need to consider other factors and results besides this inflation.

razaabbas

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I think this year is very difficult - maybe outward economic growth, but in the real sense it takes a lot of time because there is an election in November.
On the basis of which it is difficult for the Trump administration to show something to the people, otherwise, it will be very difficult and secondly, if it does not intervene in other countries then America will become too much strong and rich.

beerlover

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USA has been in a downward spiral since Trump get to power, they have been getting worse and worse with all the tax breaks to rich and not paying their fair share and basically all around a land where you are either rich or you are not cared about.

If you are making more than a million dollars a year, USA is a great country, it is the best country to live in, I would prefer no other nation in the whole world for a rich person. However if you are making under 100k a year (which is really a lot compared to other nations interestingly) you are barely surviving because how everything in the world costs you a ton of money.

At one point someone joked about how you could fly to Spain, get a hip surgery, run with the bulls, get injured, get another hip surgery and fly back to USA and it would be cheaper than having one hip surgery in USA. Think of USA as a rich men world.

carlisle1

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Quote from: Ayiranorea on September 04, 2020, 07:56:16 PM

Even if there is no signs of recovery, they'll create drama that the economy have got recovered hiding everything to the outer world. Surely this will happen, because just to show them as the grown country the suffering and the poverty prevailing is completely hidden from the outer world. People always have a thinking USA is rich and doesn't have a single poor person or suffering for basic needs. The truth hurts.

I think this is not hidden mate because the whole world Knows how US is suffering from falling economy for how many years now,and even before
trump their country is not in good shape and this is what they must accept instead of hiding and portraying still the strongest country but they are not.

Quote from: TheGreatPython on August 31, 2020, 12:50:37 AM

What happens in these few months will not have anything to do with whether Trump will be elected or not, and moreover this is something that is quite out of his control. There will be a growth, but it’s not going to happen in a flash, it’s going to take some time before things gets back on normal ground.

Well what can we expect from this world now?
trump may win or not but still US is not going any good in the next years,they will still struggle until they admit that world is changing and not every time is they are the most and best of all.

Quote

The main question people will be asking is how much he has been able to push their economy in the past years before now, and then there are also other things that will go into consideration. I don’t live there, but from what I have heard he helped to raise to raise the economy when he was elected as the president, but people still have so much hatred for him which I think has to do with other things.

Every president claims this and all Their associate but the truth is does the people really feels that?or is the government really moving forward?
things that must be consider before believing what once said.

Ayiranorea

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Even if there is no signs of recovery, they'll create drama that the economy have got recovered hiding everything to the outer world. Surely this will happen, because just to show them as the grown country the suffering and the poverty prevailing is completely hidden from the outer world. People always have a thinking USA is rich and doesn't have a single poor person or suffering for basic needs. The truth hurts.

Shasha80

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It is very interesting to see the development of the US economy facing the US elections which will occur in a few months.
Trump will do his best to make the US economy rise again, even though it is very difficult in a short time to make the US
economy recover. Because the COVID-19 pandemic situation that has not improved is the reason why the US economy is
difficult to recover. But Trump's decision in the near future this can certainly be taken into consideration for voters.

ultrloa

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Quote from: verita1 on September 04, 2020, 05:56:09 PM

The Covid19 pandemic will leave a crisis very different from the one experienced in 2008.
There is a lot of uncertainty and challenges, especially by the American nation, which is the most affected by the highest number of infections and by being a nation with an economy based on exporting advanced technology.

Total different since eventhough the crisis hit before but still the businesses are still running that's why its easy for them to recover fast, but situation by now is so different since there's a threat everywhere and the companies can't run their full operation due to the virus.

Quote from: verita1 on September 04, 2020, 05:56:09 PM

The best hope is the vaccine against covid19. Fortunately there are tentative dates for the end of this year.

I don't think the vaccine will be available on the end of this year since the phase 3 of potential vaccine is ongoing and it was said that they can mass produce by next year once it is successfully tested and pass the phase 3 trials.

verita1

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The Covid19 pandemic will leave a crisis very different from the one experienced in 2008.
There is a lot of uncertainty and challenges, especially by the American nation, which is the most affected by the highest number of infections and by being a nation with an economy based on exporting advanced technology.

The economic model will have to be restructured to face the economic recession and get ahead with the great challenges it faces. Job creation is a priority.

The best hope is the vaccine against covid19. Fortunately there are tentative dates for the end of this year.

el kaka22

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Well obviously, he is not wrong. US economy can't just crash forever without ever recovering, this is probably the biggest power in the world and even though China is stronger economically right now (by basically letting people die from starvation but still growing stronger as a government) we could easily say that USA is still more powerful on world stage (even with Trump).

So, we could easily say that USA will recover economically one day, it may not be tomorrow, it may take until elections because let’s face it companies are hoping for a republican president who will help them over a democrat who will help the workers instead, but as long as this exists, I could say that USA will recover with both of them eventually, may take time depending on some stuff but it definitely will.

Topic: US economy will continue to recover - Powell - page 3. (Read 852 times)