Author Topic: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)  (Read 84508 times)

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #405 on: August 06, 2020, 07:14:15 PM »
The markets make no sense ATM:
Stocks up
Bonds up
Commodities up
Dollar down
Interest rates extremely low

Everything is being propped up by free money.  Are we going to have a giant spike in inflation, or is it all going to come crashing down?

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #406 on: August 07, 2020, 10:31:47 AM »
THAT is why GOLD & Bitcoin are UP
Mr. Mackin

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #407 on: August 12, 2020, 11:37:38 AM »
UK recession is worst of any major economy - CNN
https://www.cnn.com/2020/08/12/economy/uk-economy-gdp/index.html


ergophobe

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #409 on: August 28, 2020, 08:24:24 PM »
American Airlines to Furlough 19,000 Workers
https://www.nytimes.com/2020/08/25/business/american-airline-furlough-19000.html

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ncluding buyouts, retirements and leaves of absence, the company expects to have about 40,000 fewer employees on Oct. 1 than it did before the pandemic, a 30 percent decline in its work force.

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Evidence is mounting that the once-strong economic recovery is losing steam. Hiring slowed in July, and various indicators suggest it has slumped further in August. Weekly claims for unemployment benefits have jumped back above one million, reversing a gradual decline. And new data on Tuesday showed that consumer confidence fell in August to its lowest level since the pandemic took hold.

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Things could get worse in the coming months. Restaurants and other businesses that have been able to shift some operations outdoors will struggle when the weather turns colder.

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For many businesses, time is running out. Cases of the virus are falling but remain high in much of the country, making a full reopening of the economy impossible. Entire sectors, such as live entertainment, hospitality and travel, remain either shut down or severely restricted. And experts warn that the longer the crisis persists, the more lasting the damage will be: Furloughs will turn into permanent job losses, short-term business closures will lead to bankruptcies, and sectors that were relatively insulated from the pandemic will suffer as the public health crisis morphs into a more traditional recession.

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #410 on: August 28, 2020, 08:55:08 PM »
>shift some operations outdoors will struggle when the weather turns colder.

I hadn't thought about that one.

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #411 on: August 28, 2020, 09:11:45 PM »
Grim picture, and the colder weather is likely to push the case numbers up. 

>Cases of the virus are falling

Testing is going down, I think deaths are a more reliable meter.
https://raw.githubusercontent.com/lettergram/covid19-analysis/master/graphs/us-counts-log.png

Edit:
A better graph for testing over time:
https://i.redd.it/ndott0ge1oj51.png
« Last Edit: August 28, 2020, 10:17:00 PM by littleman »

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #412 on: September 06, 2020, 12:33:20 AM »
Fed study: Wage growth an “illusion” that’s “almost entirely attributable” to low-wage job losses | Salon.com

https://www.salon.com/2020/09/05/fed-study-wage-growth-an-illusion-thats-almost-entirely-attributable-to-low-wage-job-losses/

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #413 on: September 11, 2020, 10:26:54 PM »

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #414 on: September 13, 2020, 01:10:18 AM »
NPR Poll: Financial Pain From Coronavirus Pandemic 'Much, Much Worse' Than Expected

COVID-19's Serious Financial Impact Hits Almost Half Of U.S. Households

https://www.npr.org/sections/health-shots/2020/09/09/909669760/npr-poll-financial-pain-from-coronavirus-pandemic-much-much-worse-than-expected