The Rebound
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This is a distinct possibility.
Memories are short. If things are on the by Nov upswing - the sentiment "see we shoulda re-opened way before we did" will be pretty mainstream.
People will link to articles that say "pandemic could last until 2021" - and claim that the MSM were in on it. Just how the MSM were in on covid denialism in Jan and Feb.
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I think the economy will be better than now. And it will be easy to spread statistics that back that up.
"President Trump has created XXXXXXXX jobs in the last 5 months."
"Quarter to quarter growth in the economy is up XX%, an unprecident gain!!"Regards to a second wave of the virus, it may not come until after the election, so it may not be a factor.
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I think it will look more like a silhouette of a key...
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@jon-nyc said in The Rebound:
We won’t see a V recovery.
Even if there’s a treatment breakthrough.
I don't think we can avoid it if jobs start back up. The unemployment drop was so very precipitous, it will go up pretty sharply but not as high as it was. Overall GDP will not recover nearly as fast.
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@Mik said in The Rebound:
@jon-nyc said in The Rebound:
We won’t see a V recovery.
Even if there’s a treatment breakthrough.
I don't think we can avoid it if jobs start back up. The unemployment drop was so very precipitous, it will go up pretty sharply but not as high as it was. Overall GDP will not recover nearly as fast.
I don’t see how consumer confidence returns until the virus is beaten.
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@Axtremus said in The Rebound:
If we rush the re-opening too much, the risk for a "2nd wave" goes up, then the economic recovery will not be V-shaped.
What does too much mean?
What does risk goes up mean, up to what?
How will the recovery be shaped?
The recovery for the whole world or just select locations? -
Could we pin this topic, so we can look back on it to see who was right? I'm having a good laugh as I read all this.
My prediction: it will go away faster than anyone thought possible, the vaccine will be developed earlier than anyone thought possible, and the economic recovery will be rapid and astounding, as people are chafing at the bit to get back to work and pursue the American dream. Those that were laid off will have enthusiasm for working again, and will start buying again like crazy. And, they will try to buy USA stuff, not Chinese.
Along the way, no fingers will be broken, although there will be many tired fingers, given all the finger pointing over the next year.