Quote from: rambogoham1 on March 25, 2020, 04:01:55 PM

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.

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.

Reagan and Trump's policies are very similar, with both utilizing tax cuts in an effort to incentivize investment and growth. Trump's approach to finance and economics are near polar opposite to Obama's in 2008. If we see a recovery, with Trump as President. It will more closely resemble the 1987 recovery, when Reagan was President.

-Oil's decreasing value is based on reduced demand. Global transportation and shipping being on steep declines. Demand will pick up if circumstances return to normal.

-Not everyone receives the $1200. Only recently unemployed workers afaik.

-It seems some of the federal reserve's bailouts are finding their way into chinese markets. Its the only thing that explains chinese stocks doing so well.