Is the US economy suddenly recovering?

[angrybirdy]

I agree with you.
All of us had suffered big losses and even though US has a lot of resources but I can't think they can recover shortly. In fact, many experts say that the global economic status will be getting worse if the situation won't start to flatten. The more this virus spreads, the more it prolongs the recovery of the economy. It surely US will recover sooner (the same with the others) but not this time and not a good idea for them to fully resume business operations and lifestyle in order to make a huge recovery otherwise the crisis will still continue and it getting worse in their place.

Not only US had suffered but the rest of the countries are totally affected by covid 19 pandemic. But since most of the lockdows are already lifted, people are starting going out and those who have still jobs to return are already working again. I am expecting this already that US economy will still recover but not as quick like this. Country might not even recover even a year after but i'm glad that things are starting to go back to its new normal.

Yes, even those rich countries are affected by covid-19. And as you have said, they are now starting to go back to normal even with the alert of the pandemic. The economy is starting to recover as many business establishments are open again.

[Alert31]

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

It didn't recover really, we still will experience aftermath of corona and quarantine effects on our economy.
However, temporarily we got rid of some of main problems, I wonder if it will worth it after all

I think US is ready for the aftermath of Covid virus. They are opening the economic of the country like also in other country despite of pandemic to avoid total collapse of the economy and to help the people to live a normal life again even in a new normal which is there are a lot of changes to follow from the rules implemented by the government .

[Blackrain13]

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

[KnightElite]

Even rich countries like U.S are affected by the pandemic which is the covid-19 because they also have a broken system, even though they are part of the 1st world countries; many people are suffering even if they have the best health facilities all over the world. There are a lot of small countries all over the world that beating the pandemic even though they are not part of 1st world countries like Vietnam. In that country, there are no community transmission in the past 3 months and they are now living normally again because they have good health system.

[DabsPoorVersion]

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

[romero121]

The economy of USA doesn't seems to be recovering at the moment. American government have been trying lot many possible ways to recover from the hard economic burst. Particularly by this time it hasn't given much importance to the covid.

There will be sudden recovery if there happens a war between two countries. In specific if there happens war between India and China, America will supply weapons and through this trade it'll stabilize it's economy for sure.

[The Sceptical Chymist]

The first four graphs are all markers of lockdown being eased as opposed to economic recovery. Apple Maps directions, restaurant bookings, hotel bookings, are all a sign of restrictions being lifted and people being allowed out again, but they don't say an awful lot about the state of the economy.

I tend to agree with you, and I'm skeptical of graphs provided by mainstream media sources in order for them to make a point--and that's because most people 1) don't think critically about data, and 2) don't know how to read graphs, much less draw inferences from them.

On the other hand, assuming the data is accurate I'd say those charts at least point to some recovery in progress.  There's nothing in them to get all excited about, but at least it's some positive news.  The media tend to play on people's fears, ignorance, and anything else they can in order to keep them watching and reading.  Usually their entire output is doom-and-gloom, so a story that shows there might be a light at the end of the COVID-19 tunnel is OK by me.

[STT]

I wouldnt use the word recover just yet, its just more jobs then immediately prior.    I guess people always want to label things positively so as not to discourage any business confidence but its very challenged business atmosphere for most companies I think.   Saw this chart somewhere that puts it on scale vs jobs rate of 4 years ago, still a long way to go yet:

[Negotiation]

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

They are trying to recover their country's economy but it will be possible very easily He says the United States has set a record in terms of employment About 22 million people lost their jobs in March and April as the lockdown continued due to the coronavirus epidemic. Some trade resumed in May And the re-employment of workers began  In that case the US economy will recover very soon.

[darewaller]

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

I agree with your entire statement apart from the part that they have a "smart" leader because a smart leader would not have done what Trump did recently and calling out China in their face is a bold but poor decision as he was also trolled for calling corona-virus as Chinese-virus.

I certainly do agree that US being the most advanced and technology based nation they have the most advance technologies and certainly have a better plan than most Asian countries.

I don't think the charts shown are too great but at least they are on the right path to recovery and however small a recovery is, it still matters a lot because there is at least no going down from here.

[Emitdama]

The economy of USA doesn't seems to be recovering at the moment. American government have been trying lot many possible ways to recover from the hard economic burst. Particularly by this time it hasn't given much importance to the covid.

But the article mentioned in OP actually shows that various factors like Home Purchases and Air travels have seen a hike and that actually indicates that the economy has at least stated to recover I think. But that said, it is hard to imagine after the BLM and covid-19 how they are suddenly improving the economy when there are so many protests and problems going on.

There will be sudden recovery if there happens a war between two countries. In specific if there happens war between India and China, America will supply weapons and through this trade it'll stabilize it's economy for sure.

It's not as simple though because china is known to be a super power in terms of the weapon they have and having India as a face to fight against China might actually back fire for both India and US because there is never an over statement of how powerful China have grown in the years that have gone by and you can understand their economic mechanism that even after the corona virus they are now almost fully recovered.

[exstasie]

But the article mentioned in OP actually shows that various factors like Home Purchases and Air travels have seen a hike and that actually indicates that the economy has at least stated to recover I think.

As a trader, I look at those charts and think, "Was that the bottom? Or is this just a temporary bounce?"

V-bottoms are rare. I think what we saw in broad indices was the first part of a Livermore turn. Essentially, that's a would-be V-bottom that bleeds back down into a deep higher low, if not an outright retest of the bottom (or further).

I think we've already seen the reopening boost and growth is going to taper off again. Doesn't mean the markets will dump right away. That's still a question of sentiment and liquidity. But I do think the market has been over-optimistic about the recovery, not to mention riding on bullish retail investors, which leaves it wide open to a painful correction.

[arwin100]

I think so because i believe US economy is not easy to collapse even the caused of this pandemic. US is a rich country with smart leader knows how their country fight against any situation and problem. Maybe China think that this pandemic will cause a lot of damage to US and will become the way for the economy to collapse but they are wrong.

It is not that their economy is not easy to collapse,

They are still highly affected but despite all these obstacles, they still think of a solution to how they can recover from their falling economy. They prioritize it somehow to at least save their economy before it even completely falls.

They are trying to recover their country's economy but it will be possible very easily He says the United States has set a record in terms of employment About 22 million people lost their jobs in March and April as the lockdown continued due to the coronavirus epidemic. Some trade resumed in May And the re-employment of workers began  In that case the US economy will recover very soon.

They are doing a great job for slowly resuming the establishment which can kick off their economy as well there are sporting events that are set to start off so provably they will slowly starting to heat up but I am curious right now on how they will sustain this since they still have the higher number of cases and the on I really hope is they learn from the experience and no intervention will come to execute the lock down since it will be a huge downfall for them if the case will happen.

[Shasha80]

I have a different opinion from the article in the opening post, I am not sure that US economy will recover quickly. That the US is still
a country with the highest spread of COVID-19. The number of businesses closed in the US is very large, and unemployment is high.
And state spending so much money on health equipment and state must help the poor and starving population. The US economy is in
a situation which is very bad, so in my opinion it must takes several years for recovery.

[Vishnu.Reang]

@Vishnu.Reang yea the US economy is faltering again, and the recent surge in cases is the primary reason why the economy has started falling downwards again. Further the jobs sector which had gained in June has also gone down, and this is not a good sign for the US citizens. Lastly I’m not sure how will Trump be able to accelerate the economy by September, as he had claimed that by September US economy will be back on track.

Sources:

https://www.bloomberg.com/news/articles/2020-07-11/five-real-time-charts-show-signs-economic-recovery-is-faltering

https://www.politico.com/news/2020/06/06/trump-recovery-summer-304384

Trump can say whatever he want, but as of now I am skeptical whether there would be a rebound in the economy by September. A rebound may only occur if the pandemic can be contained. And under current circumstances, it is impossible to contain the pandemic unless a vaccine is made available. And all that is going to take a long time. And let's not forget the fact that the US federal debt is at a historical peak. That further reduces Trump's maneuvering space.

[ChiBitCTy]

I don't think the economy is actually recovering I think however that the stock market is painting a bit of a false positive as it's been roaring back since it drastically fell in March/April. I think when quarter two reports come out, and we realize how many businesses are truly struggling or have gone out of business all together.

[perfect999]

The economy might be recovering or might not be but the charts can be deceptive because let me try and explain the situation with the help of an example.

Suppose bitcoins price is going down from 9000 to 7000 and during the downfall there is a little hike. Imagine it went to 8000 and then grown to 8100 and then again went down to 7000 would you call the price is recovering? Absolutely no, because the overall impact is negative and the similarly the economy has gone down overall no matter if you show a few charts and they try and impose an image of improving economy.

Sometimes the false image is being created to attract investors and more industries to their country because no one wants to invest in a country where the economy is sliding down.

[beerlover]

It is actually not recovering so "suddenly" because it is not recovering at all. You know what you are seeing? You are seeing the affects of a nation that is making the companies so rich that the poor people do not even matter in the economical sense.

Just because NASDAQ went up doesn't mean that nation is doing better as a whole, you could just pay all those companies tens of billions of dollars, even hundreds of billions of dollars and those companies will recover because you are paying them what they would have made already without even having to work for it and those companies go up in stock price. That makes it look like those companies are doing much better and that resembles a sense of "well if they are doing better the nation must be doing better to make them profit this much" feeling but in reality people are still unemployed and poor.

[bitbunnny]

I wouldn't say that is recovering at all. At first US predicted they will not be so hit with pandemic, which was wrong, and that their economy will recover within few months, which was again wrong.
The fact is that people are still losing jobs and companies are struggling to survive, like in many other countries in the world. And to my opinion that is just the begininig of crisis and recovery is still far away.

[Kong Hey Pakboy]

I wouldn't say that is recovering at all. At first US predicted they will not be so hit with pandemic, which was wrong, and that their economy will recover within few months, which was again wrong.
The fact is that people are still losing jobs and companies are struggling to survive, like in many other countries in the world. And to my opinion that is just the begininig of crisis and recovery is still far away.

Most of the countries that have been affected by the pandemic of COVID-19, including the US country that they are having a huge problem recovering their economy because most businesses shut down and employees lost their jobs due to community quarantine lockdown. It is the reason why a lot of people is struggling just to provide their necessities and pay their bills.