whippet volverse

6y

niggas were predicting a recession even before corona.

even in only a month's time, theres so many business and individuals living check to check that are gonna shut down and struggle even more bc ppl cant go outside and jobs cant afford to pay them

very at ‘very real risk’ of falling into recession in late 2020, UCLA forecast says
PUBLISHED WED, MAR 13 2019
https://www.cnbc.com/2019/03/13/economy-at-very-real-risk-of-entering-recession-in-late-2020-ucla.html

"just over a year ago, I predicted to CNN Business that a recession in the United States was likely in 2020. Of course, I didn't know for sure. What I did know is that the preconditions for recession were coming into place and that recession risks were rising.
This may sound incongruous with the unemployment rate hovering near a 50-year low of 3.5%, and a record stock market. There has also been better news on the trade front. President Trump recently called a truce in his trade war with China, and the USMCA trade agreement, which will replace NAFTA, is on track to become law. Indeed, recession worries that were running high just a few months ago have abated.
But I wouldn't exhale. While recession in 2020 has become less likely, recession early in the next decade remains a serious threat.
Most significantly, the economy is growing slowly, barely enough to generate the jobs needed to keep unemployment low. The president promised that his large tax cuts to mostly big corporations and high-income households would fuel sustainably stronger growth. They haven't. Instead the nation is struggling with trillion-dollar budget deficits and an increasingly heavy debt load.
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"If the economy were to slow any further, for whatever reason, then unemployment would begin to rise. Once unemployment increases, even from low levels, recession becomes more likely than not. Consumers immediately sense the weakening economy since it means fewer job openings, smaller pay increases and no bonuses. They become more cautious. Businesses see this and pull back further on their hiring. They may even begin laying off workers. Unemployment rises more, and a self-reinforcing negative dynamic — a recession — takes hold.
This hasn't happened. But it is prudent to be nervous that this vicious cycle could take hold. Despite trade progress with China, there's still debilitating uncertainty created by President Trump's trade war. While businesses may now believe the president won't escalate the war before the 2020 election, they remain unsure what he will do if reelected. Since his trade war has not solved the big problems we have with the Chinese, such as intellectual property protection, cybersecurity and more access to their markets, it is almost certain he will double down on his war should he win a second term."

https://www.cnn.com/2019/12/26/perspectives/recession-2020-economy/index.html

"Weekly jobless claims jump to 281,000 ahead of surge in coronavirus layoffs"

JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic
https://www.cnbc.com/2020/03/18/jpmorgan-says-it-will-close-20percent-branches-because-coronavirus-pandemic.html

Earlier this week, Capital One said it was shutting 120 locations for an indefinite period of time.

valenciaga

6y

not reading this

happy for u tho
or sorry that happened

neon

6y

pay bills and maybe animal crossing

JAKEMCCNASTY

6y

Paying rent since I lost my job