Re:U.S. Stocks Rise After S&P 500’s Record Close
by mywittyname on Wednesday August 19, 2020 @03:19PM
(#24214936)
> Maybe it'll all be over and done with next spring post vaccine. We'll be back to 4% unemployment and it'll be like it never happened from an economic perspective.
I don't bet on this happening, but it is certainly a possible outcome.
A lot of the issues we are facing are the result of supply shortages due to people not being able to operate in close proximity to one another. If not for Covid, then it's likely that the economy would have continued to grow.
If you think about it, the US economy continued to grow over the past decade even while the collapse of the retail, energy, and agricultural sectors during that time frame. Once people are able to return to being in large groups, it's not unreasonable to expect growth to continue.
I don't bet on this happening, but it is certainly a possible outcome.
A lot of the issues we are facing are the result of supply shortages due to people not being able to operate in close proximity to one another. If not for Covid, then it's likely that the economy would have continued to grow.
If you think about it, the US economy continued to grow over the past decade even while the collapse of the retail, energy, and agricultural sectors during that time frame. Once people are able to return to being in large groups, it's not unreasonable to expect growth to continue.