Coronavirus-afflicted global economy is almost certainly in recession

Re:Coronavirus-afflicted global economy is almost certainly ... by analog31 on Wednesday April 15, 2020 @11:53PM (#22885887)

Indeed. I don't want anybody's money to just vanish. And while as others have pointed out, the numbers are a measure of productivity for somebody, the ability of workers to capture their own productivity in wages is not guaranteed.

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Re:Coronavirus-afflicted global economy is almost certainly ... by covidacct on Thursday April 16, 2020 @12:16AM (#22885985)

The ability of workers to capture their own productivity gains is a lower than it's been in a century. This crisis will push the second derivative lower.

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Re:Coronavirus-afflicted global economy is almost certainly ... by cinquemb on Thursday April 16, 2020 @12:19AM (#22885999)

But we don't like talking about M2V[0] anymore because it didn't jibe with the daily propaganda for years that all is well

[0] https://fred.stlouisfed.org/series/M2V

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Re:Coronavirus-afflicted global economy is almost certainly ... by jibe on Thursday April 16, 2020 @01:14AM (#22886306)

People, especially the press, don't talk about M2V because they don't understand it. No one does outside finance or econ classrooms, and most of them don't either. BTW, jibe, not jive.

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Re:Coronavirus-afflicted global economy is almost certainly ... by jibe on Thursday April 16, 2020 @01:11AM (#22886288)

Maybe productivity gains are vastly overstated? Or more specifically, productivity numbers are distorted by a few industries that have had extreme productivity gains, while most have stagnated.

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Re:Coronavirus-afflicted global economy is almost certainly ... by imtringued on Thursday April 16, 2020 @03:37AM (#22887048)

You are offering an explanation for a situation in which everything is fine. Unfortunately we already know that this is not the case.

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