The United States will be in a recession. The question is, will this be a 1987 type of recession or a 2008/2009 type of recession.
Yep, I've been saying this for a while. Everyone seems to expect a 2008-2009 repeat or worse. They are assuming the most catastrophic pandemic models are correct. There is still the possibility of a 1987-like crash,
especially if this study turns out correct, as it will completely change the economic outlook.
These are in fact the exact price levels to bounce from (~ 35% crash) to keep that model intact.
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.
Unemployment numbers are going to be scary. I expect the market to tumble when the latest BLS data comes out in a couple days.
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.
Half of that stimulus package will be used to bail out companies. The Trump administration also indicated there is another $4 trillion in spending coming on top of this package.