US Economy finally rebounds in the right direction.

[Vishnu.Reang]

I have reasons to suspect that this recovery is not going to last long. First of all, the COVID 19 pandemic is peaking now, with around 3,000 new cases per day, and close to 200,000 new daily infections. With Biden taking over the presidency next month, we can expect more lockdowns and other restrictive measures. And secondly, taxes are expected to be raised by Biden, and this is going to push the economy back to recession.

[Kakmakr]

The question is.... Do we sacrifice people's lives to boost the economy? The US has the largest number of Covid infections in the world and also Covid related deaths in the world. Do you really want to tell me that it is the best solution to "remove" lockdown restrictions and allow more people to die?

Also... How long can Trump or Biden print "Toilet paper" money to boost their economy? Trump just said he did not want to sign the $600 ...because he feels it is not enough.. he wants to give $2000 per individual and $2000 per couple.  

[stompix]

I don't even understand the fact that why people of the US are complaining so much about the lockdown. It's not like anyone is getting benefited from it. Lockdown is essential !! Very essential!! The strain in the UK is an example so as what will happen if the virus was allowed to mutate uncontrollably.

But how long can you go with a  complete lockdown?
And in the first place, it's impossible to lock down the entire country perfectly, forget Wuhan, that was a province, not entire China!

You shut down pubs, schools, but you must still keep stores open, you must keep the food industry running, you must keep deliveries on, all those people are running around, and if one is infected you start from the beginning. And the problem is the people who have been left with no income, how do you plan on keeping them alive, think of 20% of people getting unemployed and the rest having to pay for them, and the spiral of death doesn't stop here, you might work from home but suddenly a lot of your customers are seeing their business affected also because those 20% are no longer buying stuff so in the end, everybody will be affected. But that's not the end, once we get rid of the virus, you need again a ton of money to start all the supply chains, and until you get customers you have to take loans, but customers will not come that easily because they themselves are waiting for money from people who have no money!

A full lockdown being reinstated again for 2-3 months will mean at least 2 years of pain, two years in which at the end we might see some other thousands die because they don't have money to treat their affections, you will see people getting sick because they are stressed and malnourished you will see a ton of problems.

Besides, what's the point at this stage when you can't close completely the borders?
Yes you enter full lockdown, you eradicate it, and then, you need one infected guy to get in the country undetected and we start again. Remember that this is how it started, with only a few, what are you going to do next, again for 3 months? And then again?

Look at Sweden, they had no complete shutdown, and they although are worse than the other Nordic trip they are still doing better than Italy and Spain, and the UK. If people in a country are not willing to respect a few bits of advice then you can be sure that no matter how you try to enforce them there will be enough finding ways to get around restrictions to make all the measures useless.

Also... How long can Trump or Biden print "Toilet paper" money to boost their economy?

You can send me 1 kilo of that toilet paper in 100 bills, I'm paying you one full BTC for it.  

[dothebeats]

The next steps would then have to be carried over to Biden, and we’ll see whether his first few months in the office will curb the lackluster performance of the US economy and turn it into something even better. We don’t have a list of concrete policies of his administration yet, only promises and positively-scripted actions in the near future. There are lots of opportunities for Biden to end this bad beat in the economy and I hope he address them well.

[Sterbens]

indeed America will do anything to restore economic stability. that we're only seeing one step up from Biden's performance, not quite yet. There is nothing wrong with this, this is the initial strategy for recovery in 2021. We need to support it, whatever the reason. because currently America is still the foundation for other countries in the future.
and in my opinion, there is no more Trump, no more Biden, but togetherness on behalf of America that must unite.

[AicecreaME]

Hopefully, the bounce back of U.S. would continue despite the risk of being exposed again to the new strain of corona virus. Their economy is indeed recovering from the lockdowns during the early months of this year due to the pandemic. They just recently eased their safety measures for the sake of the economic progress because of they won’t do it, they would surely suffer due to higher unemployment rate. However, I think because of the newest strain of covid-19, U.S. would impose another quarantine protocols and such to minimize the spread of contagious virus.

Next year, it would be Joe Biden’s turn to lead, and people are really expecting much better handling of the virus and of course the economy. I just really hope to have a fruitful 2021 for each and every country. 2020 brought so much struggles already. Majority of the third world countries can’t afford to undergo such trouble again due to financial issues.

[Fortify]

I find it strange the original post was made on the 23rd of December, as the US stock market has been going strong and higher than pre-covid levels for several months now. It is a bit of a paradox really and may be showing a bit of a lag with what is actually happening to most people. Millions of jobs have been lost, plus the country has been possibly the worst affected out of all major economies and is in the midst of a recession - yet the economy is currently looking quite stable. I wonder how long it will last until reality starts to hit.

[Pakar11220]

It will take time to rebound economy of all the world not only US in right direction.
As Covid pandemic had affected over all world seriously and the 2nd wave of the pandemic is more effective then Ist one. So when vaccine will not final then world will disturb in every aspects. But i think now world need to start work and life with pandemic care. It will be good option for all.

[verita1]

I am also optimistic. I am glad that the US economy is beginning to recover. It was a very hard year for them with the highest numbers of Covid19 infections affecting them notably.

But there is good news, the number of infections due to Covid19 has decreased, which indicates that the measures that were taken recently are the correct ones.
On December 11, "280,514" new cases had a great increase. On December 25, it declined to "91,922" new cases, which indicates that it is the beginning of the virus control.

[Dutchyyy]

I don’t even have to say it but it’s been a horrible year for the US economy, but as we finally bid this year a goodbye it seems that the US economy is finally starting to rebound in the right direction. Furthermore where businesses are allowed to remain open those states are recording low number of unemployed people, which shows that a recovery in the short term is quiet possible don’t you’ll think so?.

Sources:

https://www.cnbc.com/2020/12/22/us-gdp-q3-2020-final-reading.html

https://www.bloombergquint.com/global-economics/u-s-economic-rebound-is-patchwork-of-virus-risk-and-rules

Do not forget that Biden is coming in the office on 20th Jan.
He's much more pro-lockdown and could close the country again. This will sink the economy again. And as much as people don't like Trump, he's a better economist.

[jaysabi]

Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.
I'm beginning to think that the US and the global economic crisis will be W-shared,or even WWW-shaped.
This means that the first crisis will be followed by a fast recovery and a new crisis right after the recovery.
We don't know how the economy will react to the increased inflation+increased debt levels,caused by the money printing and stimulus packs due to the recession,after the pandemic ends.

Joe Biden is the “science guy,” as in he said he’ll listen to what the science dictates. Trump is the “death president,” in that he doesn’t care how many Americans die as long as he doesn’t lose money because the economy is shut down. Trump is highly leveraged and doesn’t have the cash to pay back his loans in good times, let along when the economy is in the dumps because of the pandemic. That’s his only motivation in keeping the economy open. Meanwhile, a 9/11-worth of Americans are dying every day because of it and he still has convinced the dumbest part of the population that this is just about freedom and not Trump making money.  This is why the adults in the room pushed for trump to put his investments in a blind trust, so he wouldn’t have such blatant conflicts of interest between himself and the good of the nation.

[South Park]

Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.
I'm beginning to think that the US and the global economic crisis will be W-shared,or even WWW-shaped.
This means that the first crisis will be followed by a fast recovery and a new crisis right after the recovery.
We don't know how the economy will react to the increased inflation+increased debt levels,caused by the money printing and stimulus packs due to the recession,after the pandemic ends.

Unless the new strain of the virus is more deadly and the new vaccines cannot cure it I think lockdowns will ease down significantly, however I think the economy is in serious trouble, the stock market may be at very high levels but we know that is not a reflection of the economy anymore, people are losing their jobs and those that have the money do not want to invest in creating new businesses because they are afraid of more lockdowns so people are left with nothing to do and no money to pay the bills.

[samcrypto]

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

[Sithara007]

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

[Lucius]

Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.

But what about all these vaccines that are 95% effective and have already started to be used among the general population? In addition, the winter will end in 3-4 months, and it will be the end of a serious pandemic because tens of millions will be vaccinated, and those who survived the virus will have natural immunity. Joe isn’t quite as bad as Trump supporters are trying to portray him, and hardly anyone can outdo a man who was anything but a politician who deserves any respect.

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

How it didn’t start when about 2 million people were already vaccinated? The US also has an approved Moderna vaccine that only needs minus 20 Celsius, and as far as Pfizer is concerned, it is true that it must be at minus 70 Celsius, but after thawing it can be stored in a regular freezer for 5 days. AstraZeneca also seems to have found a way to make its vaccine effective, at least that's how it was announced a few hours ago.


Considering this year, I think that according to the current indicators, the next one should not be worse, but on the contrary, everything should take an upward trajectory, because the world must return to normal as soon as possible.

[South Park]

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

How it didn’t start when about 2 million people were already vaccinated? The US also has an approved Moderna vaccine that only needs minus 20 Celsius, and as far as Pfizer is concerned, it is true that it must be at minus 70 Celsius, but after thawing it can be stored in a regular freezer for 5 days. AstraZeneca also seems to have found a way to make its vaccine effective, at least that's how it was announced a few hours ago.


Considering this year, I think that according to the current indicators, the next one should not be worse, but on the contrary, everything should take an upward trajectory, because the world must return to normal as soon as possible.

When it comes to the pandemic I think the world will go back to the way it was thanks to the vaccines, at worst we may have to keep putting that vaccine forever but that seems like an acceptable outcome, however I do not think the economic prospects next year are that good, governments have inflated their currencies a lot and the economy is still not recovering as much as they would like because everyone is afraid of lockdowns and many companies have began to replace their employees with robots and AI, so things are not looking as good to me.

[MCobian]

Even though I am not an American citizen, I always follow the news that is happening in America. And I agree that currently the US economy is
getting better and is in the right direction, this of course must be appreciated. considering that America has experienced an economic crisis
throughout 2020, maybe this is because the vaccines have started to be distributed.

So pushing the American economy in a positive direction, but like many people I also have doubts in 2021 with the American economy. Maybe
because one of Biden's policies is to lock down, hopefully Biden changes his mind. Because I agree that the lockdown will only make the economy
worse, because not all businesses can work with work from home.

[jaysabi]

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

Not true. The AstraZeneca vaccine has similar efficacy rates as the Pfizer vaccine.  The AstraZeneca vaccine was shown to have efficacy rates up to 90% when a lower first dose was used, while Pfizer is slightly higher at 95%.  Both are extremely good.  You're also forgetting Moderna which has a 95% efficacy rate.  The Pfizer vaccine is far from the only solution.

https://www.theguardian.com/society/2020/nov/23/astrazeneca-says-its-coronavirus-vaccine-has-70-per-cent-efficacy-covid-oxford-university

[DrBeer]

In the modern world, no matter how much someone would like it or not, the world economy is very dependent on the US economy. There are several reasons for this:
- "blood" of the world financial system - the dollar
- The US market is the largest consumer market in the world. And how much he consumes has a very strong impact on producers from the rest of the world. No consumption - no production, or rather it becomes unprofitable and leads to overproduction with all the ensuing problems
I can list many more, but these are quite enough

[Mauser]

In my opinion the USA economy is still a good indicator for the hole world. If the USA can make a recovery then it won't take long for other countries to follow. USA is still the leading country in the world and a lot of orrger countries depend on the demand from America. This is a pretty good sign did all the stock investors. We should see higher returns in the near future.