Re: Is the US economy suddenly recovering?

Quote from: Juggy777 on June 29, 2020, 12:56:40 PM

It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.

Source:

https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html

If we look at the indexes of the top stocks, we will be able to confirm that the US economy is recovering but the reality is not like that. The US government provided people with subsidies but most people used the money to buy stocks. That's why US stocks are growing but their real economy is still in ruins. in the future we will see the consequences of covid 19 left and will witness a strong dump once again. This year of 2020 is still a bad year for the United States and I see no opportunity for growth.