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.
1.The time frame of the recession depends of the way USA fights the pandemic.Lockdowns,mass testing,preparation of the hospitals and the production and delivery of protective clothes,masks,purell,etc.
2.Oil prices can go up,if the USA reduces oil production.Countries like Russia won't survive low oil prices as well,so they might reduce oil prices too.
3.The 2 trillion dollar stimulus plan is crucial for fighting the recession,but I don't think that 2 trillion is enough.
4.China's export will be hit by a global recession.That's why China has to help the world now.