must decide whether they can afford to dig deeper to help.
Six months into the pandemic, host Rachana Shanbhogue asks Patrick Foulis, The Economist's business affairs editor, Wall Street correspondent Alice Fulwood and Vijay Vaitheeswaran, US business editor, is it time for repeat prescriptions or a new economic diagnosis? Runtime: 23 min
Scamdemic. Stop reading these shit rag govt propaganda mouthpieces. Refuse the vaccine!
I am very frugal now
With Trump, no doubt it will look tacky and horrible.
An upward wiggly line.
How about K-shaped: the rich are getting richer, the poor are getting poorer
More importantly than the headline question: Will that recovery be widely distributed, on concentrated on the few.
No. Why would it? Eventually we will have a vaccine and/or a treatment or the virus will become background noise. And we will all go back to wasting our money on rubbish. My spending=your income and vice versa. If we don’t go back to normal we are screwed. And not in a good way.
No.
E,
Been describing the k recovery since before I knew there was a term for it
That depends on whether you are talking about a recovery for money or for people.
It has for me. I have become more frugal since the COVID-19 pandemic started.
Whether it was true or not, a message was heard by me that even after the first recovery from the symptoms, a second infection for the person was still possible to be regained despite that he or she had already generated an antibody which was difficult to imagine.
Good question
No mystery. It's called, 'The Print;' & only the Rich need apply for the suppressed interest rates; and, bountiful - - Fiat Money!
AliVelshi SRuhle
I didnt read the article but I think one factor is the impact low interest rates have had on regular savings accounts. People are putting money in the stock market to get better returns. Also we have to add the robinhood factor.
Big difference in this economic situation compared to the Obama disaster. Covid fear mongering designed to dampen the economy. What fear tactics drove the Obama melt down?
It's just an acknowledgement that they have accepted MMT . They implicitly will finance federal deficit at low rates until serious inflation raises its head. That is MMT
You said the same thing back in 2008. Frugality is temporary. People love to consume and are usually back with a vengeance when things pick up.
Money makes monster people talk and spread hatred and distraction
Forgot the square root shape.
Until now we all see a Flash. backwardsusa
Just be honest & accept one has to show the disparate results—this is a “k” recovery. Only good if your household is in the top 10% or higher in wealth—thanks Fed federalreserve
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Answer: “something else altogether” recession deflation economy
L sjape till we gear up to do everything to achieve it.
Translation: once again we haven’t a clue.
JP MORGAN CHASE BANK I NEED MY MONEY NOW, I HOPE YOU DON'T HAVE TO WAIT TOO LONG. REMEMBER, WE HAVE COPIES OF CONTRACTS, IT WAS PAID BY CHECK AND THEY WILL HAVE TO EXPLAIN TO THE GOVERNMENT AND INVESTORS BY THEIR CORRUPT IDIOT EXECUTIVES. MORE 120 MILLION
Old financial usd dollar world currency wil go bankrupt soon. You have highest depth in entire world and you do nothing to pay it down for decades? One day america is gone because you never paid your depth. But hey who care.
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