Post
Topic
Board Economics
Re: Is the US economy suddenly recovering?
by
teosanru
on 22/07/2020, 12:38:19 UTC
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


I think there could be two reasons behind this. One is some great policies framed by the existing government because they wanted to clean the slate before the US Election in coming November. There was immediate action upon policies to boost economy. Second is that everything could merely be framed. Fed might have ensured that there is enough money in the market until end of the year and once elections are done Economy would show it's real colors. Because no one can digest the fact that the world is under a complete lockdown and we haven't had another black Monday until now.