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Blip or bust: Coronavirus economic impact still in doubt

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Thank you China.

1 ( +5 / -4 )

Future governments should seriously allocate additional budget for dealing with these kind of virus outbreaks and climatic disasters. Defense budget is no longer the top priority. The world is shrinking very fast. Virus evolve faster than humans. Nature has already entered a self destruction mode. These kind of calamities will be recurrent and regular events in future.

1 ( +2 / -1 )

The largest single day point slide in US history. I don't know people are telling me the Trump Slump is real!

I don't know! :)

1 ( +2 / -1 )

the Trump Slump

When it rebounds will it be the Trump Recovery?

-3 ( +2 / -5 )

the Trump Slump

When it rebounds will it be the Trump Recovery?

The Trump economy;

Measly GDP growth since he was elected; 2.6% in 2017, 2.9% in 2018, and 2.3% in 2019 - a contraction from 2018 to 19...

A Congressional Budget Office forecast that 2020 will be even lower...

More families working two jobs because of stagnant wages, while the Top 1% get billions in tax breaks...

Don't take my word for it, just look at Trump's own Dept of Commerce website at the Bureau of Economic Analysis at bea.gov...

On the economy, Trump is a failure, just like he is in everything else...

1 ( +3 / -2 )

All the current research is showing that the virus doesn't like warm weather, it wouldn't surprise that the worst of this in the Northern hemisphere will be over by April/May. According one of Australia's largest sheep meat exporters things are starting to move again in China after some extremely bad weeks.

https://www.afr.com/policy/economy/top-meat-exporter-says-china-trade-is-improving-20200228-p545i3

0 ( +0 / -0 )

Yes or no? Typical Japanese style "maybe" article

1 ( +1 / -0 )

The largest single day point slide in US history. I don't know people are telling me the Trump Slump is real!

It's almost as if the relevant statistic is percentage rather than total points, but I suppose intellectual honesty is too challenging for you.

0 ( +1 / -1 )

If one believes politicians who say that the covid virus will quickly pass, then it is reasonable to expect the stock market to recover quickly as well.

If, on the other hand, the covid virus continues to spread and cause havoc, as scientists are saying that it likely will, then it is reasonable to expect the economy and the stock market to worsen.

Boils down to, who do you trust to tell the truth? Politicians or scientists? That here in the States the politicians who have been put in charge of the covid flu response have ordered scientists not to brief the public does not fill me with confidence.

1 ( +1 / -0 )

No more sweet talk, get real and get honest plus get on time.

0 ( +0 / -0 )

When it rebounds will it be the Trump Recovery?

oh you mean like Obama's recovery, 8yrs of continued economic growth, 230% rise in the DOW, unemployment went from 10% to 4% all off the worst financial crisis since the great depression.

some other statistical facts about the US economy

Since 1947, there have been 11 official recessions, totaling 49 recessionary quarters. Of those 49 quarters, just eight occurred under Democratic presidents, compared to 41 under Republicans. So, over the past 70 years, quarters in recession were about five times more common under a Republican president than under a Democratic president.

0 ( +0 / -0 )

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