Sunday, May 24, 2020

Neither Kansas City Nor The Nation Will Make Quick Comeback Amid Coronavirus

Stringent regs and widespread fear that taken a devastating toll on biz both big and small . . . Here's expert opinion and fact check against all of the hype:

An Economist Who Called the 2008 Crash Says We're In for a Long Depression

In September 2006, Nouriel Roubini told the International Monetary Fund what it didn't want to hear. Standing before an audience of economists at the organization's headquarters, the New York University professor warned that the U.S. housing market would soon collapse - and, quite possibly, bring the global financial system down with it.

11 comments:

Anonymous said...

Anyone who believes we are going to jump back into a Sly's Frosty Play Land economy is economically illiterate.

Anonymous said...

If the government keeps pumping money into the economy, consumers will gladly spend it. That's how the comeback happens faster. A large majority of the population, comprising the younger generations, doesn't fear this and are eager to return to their normal ways of living life to the fullest. Protect the most vulnerable but don't keep a lid on the rest of the population. The polls that show how fearful Americans are are from the same pollsters that said Hillary was going to win the 2016 election in a landslide.

Anonymous said...

Certainly Lucas can cook up some kind of feast of baubles and shiny promises.

Anonymous said...

Surely we can come up with another post 2008 like debt-fueled false economy

Giovanni Gasparro said...

Well, at least we're doing well enough to give Israel 38 billion dollars over the next ten years.

Anonymous said...

^^^^ @1:58

Yep Kinda like the billions we gave Iran in 2009 after the crash!!!!!

Anonymous said...

If I hear one more "expert" tell us that we're doomed to sit in the dark and starve, I'm going to........ sit in the dark and starve. It's hopeless, hopeless, hopeless. We should probably all just slit our wrists.

Giovanni Gasparro said...

@3:40 Is it illegal to boycott Iran in 26 US states ? Have thousands of Americans died in the Middle East fighting Iran's enemies ? Are college employees forced to resign if they refuse to sign a pledge of loyalty to Iran ?

Anonymous said...

roubini does a great job of outlining the worst-case scenario. it's food for thought.

however, he may underestimate the resiliency of the american economy and how its dynamism can overcome obstacles.let's hope so.

but it's a great analysis and pretty sobering.

Anonymous said...

No, just the Democrat negros running this town should.

Anonymous said...

Time to raise taxes on everyone again so that we can spur the economy with new government programs.