Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
We all knew there would be negative growth in the first quarter of the year.
This is no surprise.
Will things get better?
I don't know. I see some states opening up too soon, before the 14 day of no new cases requirement, which could cause another outbreak and things get worse. The shutdowns could happen again in those states while other states stay shutdown.
This hodgepodge of different things being done by different areas of the nation may not be a good idea. It could be a prescription to keep that virus alive and spreading in our nation which will harm the economy more.
My education isn't in science or medicine so I can't say what will happen in regard to the virus. My education is in accounting and finance. Economics was required all of the years I went to school. I worked in the accounting field until the mid 90s.
My education and experience is telling me that we have not gotten to the worst of the economic problems. I hope I'm wrong but it sure looks to me like we will be faced with economic problems from this virus for a while.
Especially when we have politicians who pass multi trillion dollar so called stimulus bills that don't stimulate the proper areas while the wrong people get the stimulus. Especially when we have conservative economics driving our economy. It will only end up making things worse.
We need to return to proper responsible economics. Not this conservative created accounting scam economy.
www.ft.com
This is no surprise.
Will things get better?
I don't know. I see some states opening up too soon, before the 14 day of no new cases requirement, which could cause another outbreak and things get worse. The shutdowns could happen again in those states while other states stay shutdown.
This hodgepodge of different things being done by different areas of the nation may not be a good idea. It could be a prescription to keep that virus alive and spreading in our nation which will harm the economy more.
My education isn't in science or medicine so I can't say what will happen in regard to the virus. My education is in accounting and finance. Economics was required all of the years I went to school. I worked in the accounting field until the mid 90s.
My education and experience is telling me that we have not gotten to the worst of the economic problems. I hope I'm wrong but it sure looks to me like we will be faced with economic problems from this virus for a while.
Especially when we have politicians who pass multi trillion dollar so called stimulus bills that don't stimulate the proper areas while the wrong people get the stimulus. Especially when we have conservative economics driving our economy. It will only end up making things worse.
We need to return to proper responsible economics. Not this conservative created accounting scam economy.
US GDP falls 4.8% in worst economic decline since 2008
Contraction exceeds economists’ forecasts for a 4% decline in output
www.ft.com
