Is the US economy suddenly recovering?

[exstasie]

If we do hit that scenario, the economy is going to take another beating. As we've said above, the Fed are quickly running out of options to keep the economy afloat. Print more money? Negative interest rates? Helicopter money?

Trump has indicated more helicopter money is coming, and I'm sure Powell welcomes it. There's no denying the combination of QE and the CARES fiscal package provided a powerful boost to the markets in March and early Q2. I don't see why they can't do it again. Keep slapping those band-aids on!

Maybe one of these days the Fed will ratchet up the insanity and just start buying stocks outright.

[1714947900]

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[Findingnemo]

It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.

Source:

https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html

We all knows that how much money was injected into US economy during lockdown so this is not the real growth,its like a short term recovery possible manipulated by big hands.Dont believe everything reported by Media because they are also playing major part in this manipulation.

[stompix]

We should not focus on the US economy only, we should think of other country if their economy is recovering.
 
In Vietnam, they already recovered the last patient in their country and right now they are in a process of recovering.. They allowed the operation of small and large businesses with a new set of rules and regulations to prevent the risk of spreading the disease again.

Nope, you should focus on the US and Vietnamese should focus even more.
When 20% of your exports totaling 35 billion are going to the US you have to pray they are not shutting down and leave you with no place to sell, no need for your merchandise, no need for workers, and all that comes with this. Imagine the hit when so many people that produce goods worth that much a year are left with nothing to do.

There a lot of people in some countries that are focusing more on others than themselves, Vietnam is one, Thailand is other, they are depending on tourism,  they claim they are now safe but I wonder how much is really true and if they are not lying just to get tourists back in as without them they can kiss goodby to 15% of their GDP. It's the fate of small countries, they must look at what happens in the US in the EU, because if those markets are not buying their stuff and their citizen are not spending money they will follow them in the economic crisis.

[el kaka22]

There are also other ways that economy could look great while also not being that great. You could always allow the companies that bankrupting or close to not pay taxes, that's it, you can delete all of their taxes and that way they will be "profitin" trillions of dollars combined, and that will take the stock market up. See how easy it is to bring the stock market up?

You didn't helped anyone but those companies, all the people are still poor, everything is still bad, yet at the end of the day they are still looking like the economy is going great. This is the reason why I always say that economy is not what you see on stats but what you feel in your pocket, if everyone feels like the economy is bad, that is because it really is, that is why I think it matters to realize economy everywhere in the world could get better if it wasn't for greedy companies and shady politicians.

[Gozie51]

From the analysis, necessary steps has been taking in time to minimize the deep effect by the pandemic. Traveling well controlled, hotel services dropped, trading was also controlled and people cooperated and complied. Though the graph showed economy has not been productive but when those who are managing the economy are secured the economy will recover faster as they resume

There is no bigger secret about what to do for economies to bounce back.. The entrepreneurs and government need a better cooperation that is deliberate to restart the economy. That is, small business owners need to be encouraged by financing them properly.

[lumeire]

From the analysis, necessary steps has been taking in time to minimize the deep effect by the pandemic. Traveling well controlled, hotel services dropped, trading was also controlled and people cooperated and complied. Though the graph showed economy has not been productive but when those who are managing the economy are secured the economy will recover faster as they resume

There is no bigger secret about what to do for economies to bounce back.. The entrepreneurs and government need a better cooperation that is deliberate to restart the economy. That is, small business owners need to be encouraged by financing them properly.

The small business owners were already facing financial problems and due to lockdown the problems for those have also increased because they weren't able to sell any products so many of those had to close down their business. So bailouts should be done in order to restart their businesses.
But unlike other countries America have actually saved most of their economy by sacrificing just a small part of it and the economy haven't taken a major hit as compared to other countries.

[Yatsan]

Based on what I have saw in the charts provided by the OP, what I can say is that US is still on the process of recovery and that is not all of a sudden because if you would see and interpret the chart readings, there are still downward flow which will truly state how precautionary measures are being implemented just to be able to make recovery of their economy.

US has been known to have the most cases of covid-19 infection world wide so it is still struggling to do a recovery as of this moment. Yes it is recovering but still on a process and that is not all of a sudden because step by step procedures to maintain the safety of the people must be put into priority. Slow re-opening of business establishments is the key for a somehow slow recovery of the economy so that people can do have their jobs back. What we can see on the charts are the effect of the measures done by the people and the government to be able to conduct their economic recovery. It will still be a long process to be while vaccine is still not yet discovered.

[suvo05]

Recovering? The financial crisis is yet to come. It's inevitable that the world will go through tougher situation in the upcoming months. Currently, Govs are trying to pull back economy by declaring financial packages but if lockdown continues then all businesses will be in loss and people will lose their jobs. But how long Govs will support they have limited control beyond that there could be a huge financial crisis.
If the whole world goes through this situation then US economy will be no exception.   

[abhiseshakana]

We should not focus on the US economy only, we should think of other country if their economy is recovering.

Countries have different number of cases and probably it has also a different effect in the economy.

In Vietnam, they already recovered the last patient in their country and right now they are in a process of recovering.. They allowed the operation of small and large businesses with a new set of rules and regulations to prevent the risk of spreading the disease again. Hopefully, US should somehow recover from their economic crisis because they are a huge country that also have a huge number of Covid-19 cases.

I think all countries before taking a foreign policy will always consider American policy as a barometer of the world economy and also as a superpower country whose hegemony is indeed recognized by the World. The strength of American influence is still large in the world and America is still the price maker of commodity prices in the world.

The success of handling Covid-19 in Vietnam and Taiwan is inseparable from the readiness based on experience and preventive measures to avoid similar cases in the bird flu pandemic that occurred in 2005. The pandemic was a major blow after the economic downturn due to the trade war between America and China, the economic downturn due to the pandemic was felt by all countries. What is different is only the economic resilience of each country in countering the policies adopted by America. We take the example of developing countries that are close to China and incorporated in the OBOR program, crossed out by the Americans in the list of developing countries, so they cannot enjoy preferential tariffs from America and lose their market in America.

[jademaxsuy]

Well then since USA is one rich country theb that may be  possible. However,  since we are still in pandemic and most of the establishment were being lockdow this means that it could be a false information due to the fact that the economy of the country depen on the productivity of the people may it be working or establishment owner.

So far, the US has highest number of cases and deaths of covid19. Hopefully the US and all the countries and people get infected with covid will be able recover and we will heal as one

[Reatim]

It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.

Source:

https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html

Why the title says "Suddenly Recovering"? does it is something to celebrate if they really do?

USA is one of the most affected from this virus so let us be with them in their fight to return their great economy .

The whole world suffer from this pandemic but it doesnt mean we are in different position,Not because we are more safer than them means we must treat them as others.remember that this fight is for all of us to win and not by individual.

[Negotiation]

Many developed countries in the United States have been able to control the epidemic very quickly despite being locked out due to the massive expansion of their trade. The United States has not had much of an impact on its economy because of its high productivity rate and low inflationary impact Due to which they are able to recover everything very quickly by taking necessary precautions.

[PonZZ]

The economy has just started to recover recovered to pre-pandemic levels, but the recent surge in new Covid-19 cases may hinder that rebound as certain areas are forced to delay or walk back reopening efforts.

[Arkann]

I believe that every US citizen will feel in everyday life changes in the country's economy, if there is a real recovery. According to the head of the White House’s National Economic Council, Lawrence Cadlow, economic recovery will be quite progressive and fast, and already in the second half of 2020, 20 percent economic growth and a large-scale decline in unemployment are expected.
But at the same time, an American infectious disease scientist warns that the COVID-19 epidemic has just begun.

[coinfinger]

The whole world looks to be recovering, I don't know how we overcame this situation and how we managed to make the most out of our stay at home moments but looks like, US markets, other nation markets, gold, bitcoin, oil, basically everything is back on the rise again. I do not really understand why we didn't become even worse or why we are recovering but that is at least a bit better feeling than what it looked like when it first started.

There is still a ton of unemployed people, tens of millions of unemployed people, but at least some of them were rehired so I guess things are looking better, sure it is a setback and sure it sucks, I would rather see a world where everyone is rich, nobody works, and we just have fun, but right now that is not the case and that means some people will be left behind according to capitalist rules.

[Bezobraznike]

The whole world looks to be recovering, I don't know how we overcame this situation and how we managed to make the most out of our stay at home moments but looks like, US markets, other nation markets, gold, bitcoin, oil, basically everything is back on the rise again. I do not really understand why we didn't become even worse or why we are recovering but that is at least a bit better feeling than what it looked like when it first started.

There is still a ton of unemployed people, tens of millions of unemployed people, but at least some of them were rehired so I guess things are looking better, sure it is a setback and sure it sucks, I would rather see a world where everyone is rich, nobody works, and we just have fun, but right now that is not the case and that means some people will be left behind according to capitalist rules.

   Coinfinger in one short moment I thought the same, that world looks like it's recovering. But I changed my mind, US have to
most new cases, China and Spain locked some provinces, new measures in every county. I think that this is just the beginning
of the new way and that can bring a disaster to the global economy, if that didn't happen already.
   Now we need to be smart and to follow the rules, to try to keep some money because hard times are coming!

[shushu9977]

It is not so easy to recover us economy or any other country. Because economy depends a lot of things and as i thing, it will reach as his/her best to take time to get normal their position. Hopefully, it will slove as soon as possible.     

[o_e_l_e_o]

The whole world looks to be recovering, I don't know how we overcame this situation and how we managed to make the most out of our stay at home moments but looks like, US markets, other nation markets, gold, bitcoin, oil, basically everything is back on the rise again. I do not really understand why we didn't become even worse or why we are recovering but that is at least a bit better feeling than what it looked like when it first started.

Markets stabilizing does not mean the economy has recovered - at the moment it is simply an indication of the insane amount of fiat the Fed and other central banks are pumping in to the system. I mean, the Fed are now directly buying corporate bonds. Meanwhile, we are on track for record unemployment levels. How are things going to look in a couple of months' time when millions of people are claiming unemployment and other benefits, have run out of savings, default on their loans, default on their mortgages, etc. Consumer spending will be way down even once everything has reopened, and many of the businesses which haven't already been bankrupted by COVID will struggle to stay afloat. Expect more downsizing, more branch closures, more unemployment.

This is on the back of the fact that in the US we are setting a new record for the number of new daily cases each and every day. We barely had this contained during lockdown. Lockdown is now over in many places, and cases are skyrocketing. We are long way off from recovery yet.

[apaben]

it is not easy to restore the country's cycle back to normal, this is a major economic crisis in every country exposed to the impact of this co-19 ...?
I imagine that the government is not wrong to use it as an opportunity in co-19 conditions to align people into appropriate behavior which is not quite right. there is the same as my thinking?

[exstasie]

The economy has just started to recover recovered to pre-pandemic levels, but the recent surge in new Covid-19 cases may hinder that rebound as certain areas are forced to delay or walk back reopening efforts.

Some markets (like the NASDAQ 100 index) have recovered to pre-pandemic levels. The economy is not even close no matter what you look at. Jobs, retail data, GDP projections.......everything is way down.

The goal posts are obviously shifting. The US economy is still down what, 13-14 million jobs since February? Apparently this is something to celebrate. "Spectacular news for American workers" Trump says.