US economy expected to plunge by historic 30% due to devastating virus impact

[zectech]

How the US props up their worthless toilet paper dollars. Scarcity. Get the population desperate for dollars, then inflate for the super rich. Crash the economy, make even businesses desperate for dollars, then inflate un-lim-it-ed-ly for insiders to buy up the world. Those desperate for dollars are going to be desperate and boost demand for toilet paper dollars, while keep upping the fed supply of dollars to pretend to help them. Keep inflating until you own what you want in the world, then start to really help businesses first, then the population gets several sheets of used toilet paper (dollars) to make them happy.

 

[JafarQureshi]

Several days before the hysteria even hit America, NY Times did a side-by-side comparison of the Virus' impact on USA vs China and concluded that, in most ways, American economy will be hit a lot harder than China's would. So no surprise to see this report.

Question: Of those who have lost a lot in stocks lately... are they going to recover their losses fully once the economy bounces back fully, say, in March 2021 or that because they lost the time of one year they will still lose over their stock's (and their) lifetime over-all $$?

It took 10 years to recover from the 2008 crash.

 

[PakFactor]

It took 10 years to recover from the 2008 crash.

Their is a major difference between 2008 and 2020, as the former was due to mortgage crashes where banks gave out money to bad credit people.

 

[JafarQureshi]

Their is a major difference between 2008 and 2020, as the former was due to mortgage crashes where banks gave out money to bad credit people.

People lost homes in 2008. People are losing jobs now because Business are going bankrupt due to shutdowns. It is important to do away with these shutdown and get people back on the street immediately. Else more people will die due to lack of money than getting infected by the virus.

 

[PakFactor]

People lost homes in 2008. People are losing jobs now because Business are going bankrupt due to shutdowns. It is important to do away with these shutdown and get people back on the street immediately. Else more people will die due to lack of money than getting infected by the virus.

Well Government is working on a plan to get money to Americans to sustain them which didn’t happen during 2008. And the Feds have come quick with programs to save sector's of the economy.

People will lose jobs and all, but much lower scale then 08