Topic: US economy will continue to recover - Powell - page 4. (Read 849 times)

Stock market is flying high right now due to a massive amount of FED money coming into the economy, pretty much directly bailing out struggling companies through buying their bond offerings that people wouldn't have bought due to their situation. The stock market is also forward looking, a lot of information is 'priced in' meaning that people have already accepted the effects of Corona but how while the next few years look?

You have that money, then you have congressional money that came in from awhile ago, market will probably go even higher if the Congress decides on MORE money for companies (and maybe even some legislation giving them protection from being sued)

Big Blow to Trump? Well, yes. But all he has to do is convince enough of his own base and enough moderates that he is doing every thing he can do to try to save the economy. If he begins to tick up a bit more, maybe some vaccine news comes out, he could easily win. I know people hate him though, nothing wrong with that.

60 or so days until the election, still a LOT of time for things to change.

The US is a highly polarized democracy with strong tribalism mentality, for Trump to win he doesn't have to satisfy everyone, he just needs to mobilize more of his base than his opponent. Plus there's a lot of propaganda going on that aims to help Trump - convincing voters that voting is useless, that Biden is as bad or not pure enough, that all that is happening is dems fault and so on. Polls aren't looking to bad for Trump, and he can win despite bad polls just like he did the last time. Trump's voters would never blame him for economic failures.

yes there are bind to each other . you cant see that people are unaffected when the economy is down or you cant see that people are affected while the economy isnt .

they are actually busy on providing relief operation but they are also doing an election campaign with that at the same time . this is inapropriate in the eyes of the people because the relief should be given without strings attached .

if people will do the right job and vote the right people but that still take time to reflect. theres also pandemic that makes all the economy down no matter what,

People is absolutely affected by the economy, that's why the governments are responsible with how they will deal with that. I'm really not a fan of politics but as I see that the politicians are taking advantage of this crisis, that's the time that a certain country will not be progressive. If people are being fooled by politics and not looking for someone that will make the economy become stable in the long run, then that's a huge problem. Hoping that people will be enlighten by what is really happening in the society. If this economic crisis isn't handled and controlled properly, people will suffer the most especially those who are experiencing poverty.

It would be difficult for US economy to stand on it's feet again same as developing countries because they have increased their debts, and there are still a lot of people who are jobless. There are also countries who continuously increasing their virus cases, that is why this recession is making all of us suffers.

The greatest problem for Trump is that he sold himself as the person that will solve the problems of the US and make it great again, not a  bad speech if you ask me but now that he has to face a reelection we find out the economy is in shambles, inflation is going to be higher than anticipated, many jobs were lost and hundreds of thousands died because of the pandemic, even if we can say many of these things were not his fault it will be very difficult for him to win the reelection when things are not well in the US.

It is prettysad that as the economy suffers then the people suffer too but with these election going on, they are using it as a political agenda, they could have created a better response through relief but no, they instead bide their time to formulate how to stay in power and people are suffering because of this, I hope that the election will bear a fruit to help the people and the economy stand on its feet again.

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.

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.

Election is near In November People will decide what the US economy will come in the next presidential term Because if trump needs time to make
 US great Again then people will bring Him back to do His will and to Make what he needs to Finish in the next' term he will be Having.

But I doubt that People of America will Make Him president again,IMO there must be a New one to try another approach specially
in Engaging in Other country in which trump fails to do,Sorry for trump supporters but i
 Just wanna give my opinion over matter.

But at this Moment?things are far different Because There are too many Job losses even before trump take the seat and it is getting worst until now
 so the economy needs to face a lot before being great again.

US economy will definitely recover but it might take not only months but years for the whole economy to be normal again. Small and large companies are still closing their businesses and that will also affect the people's economy too as they have no jobs to sustain their daily needs. Not only US is affected with this pandemic but even the other countries as well but it would be the president's job on how he will handle his fellowmen to overcome this worldwide crisis.

If he can revive the economy in such a short period, it will be a remarkable achievement which no president did before. However, it is hard for him to do that despite the fact that he is a businessman. Many people currently don't have any job but it is not necessarily mean that the economy is going down. When we look at the big picture, there are many aspects recovering extremely fast, especially stock markets and futures. Well, things seem to be awful at the moment but I can ensure that we will soon be back on the track

The elections are coming and one of the most important factors in any election is how the economy is doing recently, if the economy is doing well then the party in power has a good chance of remaining there, if it's not doing well then the opposition has a lot to say about the management of the economy from the party in power giving them better chances to win the election, this is why you are seeing more threads about the US economy and when you add the sheer amount of influence the US economy has and its size then it is not really strange that people are worried about their economy.

I see Bill Gates endorsing the expansion of nuclear power atm. On the other hand, I see the media publishing questionable pieces attacking renewable energy sources like solar and wind. Claiming silicon in landfills from depleted solar panels is more damaging to the environment and climate change than emissions associated with burning coal.

The only interpretation I can think of to explain these and other precedents is ruling elites favor centralized energy sources like nuclear power. It gives governments centralized control over the production and distribution of electricity. Solar and wind are more decentralized, they allow private citizens to install solar panels or wind turbines on their own private property. Producing their own energy makes them more independent and less reliant upon the state.

I think there is a quiet struggle occurring where states and governments structure daily life to make people more reliant and less independent. They don't want to spook people, rock the boat or wake anyone up.

This is not really a recovery,thry are just trying to float the market with lot of money so they can bring economic activities back but the unemployment is still high in US and all these things are done because the election is getting nearer so Trump is trying to show he is doing everything which helps their nationality over immigrants which might give him support as well.

What are you saying exactly? The bubble keeps inflating for 2-3 more years and then comes the blood?


Mixed feelings. I was actually quite sick of perverse incentives like giving jobless people $2,400 extra per month on top of state unemployment benefits, paying them ridiculous amounts of money to stay home and not work. I know several people who took a multi-month paid vacation (or worked under the table while pocketing the money) courtesy of the American government. I know homeowners who took the unverified COVID-19 forbearances and deferments on their mortgages and are hoarding all the cash or even investing it in stocks. I also know a self-employed renter who is fucked now because he lost all his income, didn't qualify for unemployment benefits, can't find full-time work, and there is no financial relief for renters like there was given to homeowners. It's really screwed up in the US because self-employed people pay double the payroll taxes but generally can't draw unemployment benefits if needed. It creates perverse incentives against running a small business and in favor of working for all the corporate giants who are monopolizing the economy.

These bureaucratic measures pile money on people who don't need it while letting so many slip through the cracks. I'm much more in favor of universal measures with minimal means testing (the closer to UBI the better) or otherwise severely limiting entitlements and tax subsidies and forcing everyone to compete in a competitive market, including homeowners. If poor renters don't get bailed out, homeowners certainly shouldn't be getting bailed out! The banks should foreclose on mortgagees in default, the housing market should dump due to strong supply, and responsible people who can actually afford to own a home should get their shot to do so at more affordable prices. In a free market where the housing market weren't artificially propped up, renters would also pay much lower rents. The entire system is obviously skewed to screw over people who don't own property.

Either give us a free and competitive market, or make entitlements universal, I guess that's my position. What we have now (especially after the COVID-19 bills) is the worst of both worlds: an un-free, un-competitive market that heavily favors corporations, the wealthy, and current property owners at the expense of everyone else.

I'ts hard to see the economy continuing to progress with all things considered.  I honestly have such a hard time getting my head around the logistics of this.  I continue to hear people losing their jobs in masses.  First it was the small business industry but now it's really starting to trickle upwards to larger companies.

It will certainly be a blow to Trumps presidency re-election but I'm not sure that will keep him from a 2nd term, I fear.  I think his supporters are too focused and energetic for it to not happen again, he may be losing in the polls, but his base get out and actually vote.

This is really a bad news for the big population of people that became jobless because of this pandemic. The government must do something about this for those individuals are really pitiful to think that their suffering would last for a long run. We know that the US have a very large number of population making it hard to offer jobs most specially at this time of pandemic. But the government may at least do something to take care about the welfare of those jobless people because if they are really facing the phase of continuous recovery on their economy, then there must be job offering to be provided to those individuals since they are the once being the essential keys to boost up the economic recovery of their country.


Agreeable. That was nearly too impossible to make happen that there would be a total economic revival to happen for US is known to be the top most country having the most number of covid-19 infected cases and the economy have been struggling due to lots of people being jobless so how come they can promise to have an economic revival in just a span of 3 months before the next election. This is just a boastful words lacking action just to impress the crowd. People must be wise on doing decisions who they must vote for the sake and welfare of their country and fellow country men

I get the impression the fed is normalizing the crisis in an effort to avoid rocking the boat. Similar to how they downplayed and trivialized the US real estate bubble for years before it occurred.

Below you can see fed chairman Ben Bernanke downplay the significance of the housing bubble from 2005 until the crisis finally hit hard in 2008.

https://www.youtube.com/watch?v=HQ79Pt2GNJo

History could somewhat be repeating itself here.

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

Jerome Powell is the chairman of FED.Talking positive BS and being optimistic about the US economy is his main job.If he says something negative or pessimistic about the US economy,Wall Street will go red again.
Trump will lose the elections for sure.It doesn't matter what Jerome Powell says.Thinking that the FED chairman will somehow boost Trump's popularity is pretty naive.