US economy wouldn't be shut down again despite the rising case count - page 3.

Darkoth89

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Quote from: fiulpro on June 12, 2020, 06:27:47 AM

[...]
Seriously they need better people to guide them !

But then you still have to listen to what these 'better people' tell you ... There's the problem.

The whole situation seems really weird. Until yesterday you could've come to the conclusion that the US economy brushes off the first Coronavirus crash as if nothing ever happend when you check the US stock market. And yet there are millions of Americans signing for unemployment. This whole recovery at the stock market at that pace was so irrational. I don't believe we have seen the full effect of this (still ongoing) crisis yet, so I am not overly optimistic for the third and fourth quarter of this year.

But this isn't only for the US economy. Here in Germany we have something called 'Kurzarbeitergeld' where the government basically pays (a part) of the salary so that the employer doesn't have to fire his employees. In May 7.3 million employees received this Kurzarbeitergeld. What will happen with them when the government won't pay their salaray anymore?! Another example is the Lufthansa, which is about to receive a 9 bilion bailout from the German government, all this while planning to cut more than 20.000 jobs. So I am pretty sure we haven't seen the scale of effects of the Coronavirus shutdowns at all.

fiulpro

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See the problem is the government cannot control the protests until and unless they do something about it . The government is not gonna make any new law. They are unfortunately led by a racist leader . Even if they shut the economy down , people will still exercise their rights and it is important!!

They don't have any access to masks and other stuff. People are even hoarding toilet paper and baby products , this quarantine is causing nothing but suffering for the people.

One cannot just implement the quarantine like this . They need to have SYSTEMATIC QUARANTINE! If they do remove the quarantine it would be bad for the economy and the people for the long run .

They need to make new laws example:
1. One person would be allowed to work for the family.
2. Government needs to provide incentives NOT FOR THE PEOPLE who are able to take care of their families and are earning well , but for those who are now actually not even able to register for the incentives.
3. Around 1.54 million people are jobless now , they don't need to give them incentives but JOBS!

This quarantine should be Removed in stages and they need to increase their speed of testing !

Seriously they need better people to guide them !

Barnabe

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I think a recession is long due these days, the economy was showing signs of overheating and the money the Fed pumped in the system only made it worse. I also think the US economy cannot withstand another shutdown without directly entering in a recession cycle. The current administration is probably doing everything it can to avoid this (or at least delay it), but at the end I think the recession will come no matter what happens.

BIT-BENDER

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I would be expecting to see lot of rehabilitation going on, the government would focus on rebuilding those areas which was crippled by the corona virus, also about very excited about the forth coming US presidential election, it would be the climax of activities going on in the US -if another great outbreak of the virus doesn't stop it- .
I think the citizens would be able to have accessed this present government and how they where able to handle economical matters -even at a time like this- but I don't see much economical growth, just sustaining measures to rebuild what was lost already to the pandemic.

palle11

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I'm expecting the next phase of the US decision to be on massive job creation because closing down the economy has led to job cut which has a dwindling effect on the economy. Therefore, for a rapid and multiplier effect jobs have to be generated so that it will cushion the hardship in turn boost the country's gdp.

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Quote from: hugeblack on June 12, 2020, 03:45:17 AM

What are your expectations for the third and last quarter of this year?

It would depend on the fiscal policies that would be implemented during that time as well as the general sentiment towards the nation's economic state. The president is doing everything to keep the latter positive by suggesting they are on the brink of a recovery, but people are going to need more than words to convince them of that.
The article also reported that they plan on pumping in a trillion dollars into the economy over the next month to stimulate it, but the current rise in covid-19 cases could negate the effect. If spending remains low, more businesses would close and loans would be defaulted.

Over the next two quarters, the U.S and global markets would likely continue to contract. More jobs may be gained, but unemployment would still be high. A vaccine being developed during this period however could change that.

hugeblack

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The dismal economic outlook from the US Federal Reserve and the state of the million coronaviruses in the US still make the economic outlook largely uncertain.
All of these variables led to US stocks falling at the close, as all three indicators recorded their worst performance since March 16

Quote from: https://www.cnn.com/2020/06/11/investing/global-stocks-coronavirus-fed/index.html

The Dow (INDU) closed 1,862 points, or 6.9%, lower. The index fell back below 26,000 points for the first time since the start of the month.
The S&P 500 (SPX) ended down 5.9%, closing at its lowest total points since late May. Only one S&P stock, grocery chain Kroger (KR), closed in positive territory.
The Nasdaq Composite (COMP), which hit all-time highs on the first three days of the week, closed 5.3% lower.

"We cannot close the economy again. I think we have learned that if you shut down the economy, it will do more damage, not just economic damage, but there are other regions," according to CNBC Treasury Secretary Stephen Mnuchin.

What are your expectations for the third and last quarter of this year?

Source ---> https://www.cnn.com/2020/06/11/investing/global-stocks-coronavirus-fed/index.html

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