what kind of recovery will we get Archives

Has The Post-Election Stock Market Crash Already Begun?

Oct 29, 2020 | Economic Collapse

Is this rush for the exits going to turn into a stampede? Stock prices have been plummeting in recent days, and most of the talking heads on television have been blaming the declines on the COVID-19 pandemic. Yes, it is true that the number of confirmed cases in the...

We Destroyed the World’s Greatest Economy for No Reason

Oct 13, 2020 | Economic Collapse

Everyone knew the second quarter of 2020 was going to be a disaster, and it was. The U.S. economy fell by 31.4% (annualized) in the second quarter. But, the expectation was that we’d have a V-shaped recovery with a sharp bounce-back in the third quarter, a reopening...

15 Signs That America’s Economic Depression Is Accelerating As We Head Toward The Holiday Season

Oct 5, 2020 | Economic Collapse

Hardly anyone expected that things would get this bad in 2020. Once the pandemic hit and states all over the country started instituting lockdowns, economic activity collapsed dramatically. U.S. GDP was down 31.4 percent during the second quarter of 2020, and that...

Trump Can Ensure a V-shaped Economic Recovery by Heeding the Lessons of 1921

Aug 5, 2020 | Economic Collapse

A U or V? That is the question—whether the economic recovery from the COVID-19 shutdown will be a long, drawn-out process, a wide, flattish U” or a sharp, upward-bound one, a V. To best wrestle with this question, let us look back a bit...