Post
Topic
Board Economics
Topic OP
U.S. Recession short term
by
rambogoham1
on 25/03/2020, 16:01:55 UTC
The United States will be in a recession. The question is, will this be a 1987 type of recession or a 2009/2009 type of recession.

North Dakota and Texas won't have oil jobs anymore with how low the price is now.

Unemployment insurance filings have got up 200-1000% within the last week for some states from the lock down.

Their is a 2 trillion dollar stimulus package but I'm not entirely sure how that will help for the most part. Involves giving everyone around 1,200 USD and 500 USD a child.

This definitely didn't help bitcoin or gold in the short term but mid-term as in 6 months to 12 months should.

China appears to actually be ahead in the stock market for the month of March compared to all the other nations.