Ninjastic
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Board Economics
Re: U.S. Recession short term
by
exstasie
on 27/03/2020, 10:24:33 UTC
Quote from: mu_enrico on March 26, 2020, 05:58:26 PM
I think it will last between 10 and 16 months, just guesstimate because of history. https://www.investopedia.com/articles/economics/08/past-recessions.asp

The current situation is like a war, where the US lost thousands life, spend a lot of money to fight the enemy, provide medications to the survivors, etc.

We're even seeing WW2-style corporate repurposing, with private factories switching to manufacturing medical and other essential supplies: https://www.nytimes.com/aponline/2020/03/21/business/bc-us-virus-outbreak-repurposing-factories.html

Governments are also eyeing idle hotels as potential hospital sites. The whole thing is like a hybrid between the 1918 Spanish flu pandemic and WW2, minus the war part.

I'm amazed at the resilience of stock markets in the face of 3.3 million American jobless claims. I had been predicting a relief rally but I had almost stopped believing it could actually happen! I don't expect this exuberance to last for too long.