Global Economy, recession, depression, or...

[admin]

On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/

[41southchile]

On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/

Yup, so depression till the War comes along?

[admin]

Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.

[admin]

and argentina,

definitely not buying these bullshit numbers out of argentina

https://www.batimes.com.ar/news/economy ... nomy.phtml

'fake it until you make it', does not work with covid numbers nor GDP.

[mem]

Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.

During the 2008 "great recession" GDP fell by around 4%
During the 1929 "great depression" GDP fell by around 15%

So what do we call it when GDP falls by over 30%?

[41southchile]

So what do we call it when GDP falls by over 30%?

A Reflection/reevaluation time?
A chance to reflect whether what we were doing is sustainable longterm, and are we able to continue indefinitely doing what we were without negative consequences?
Nothing in nature can grow forever on a finite resource.

[admin]

copper inventory at the lowest level since 2007,

https://www.df.cl/noticias/mercados/com ... 90350.html

[admin]

and, chile had a 22% reduction in copper exports

https://www.df.cl/noticias/economia-y-p ... 90403.html

[admin]

so, FED is looking at setting a zero rate for 5 years, possibly longer.

https://www.bloomberg.com/news/articles ... nd=premium

[admin]

So another nail in the u.s. economy. Millions that can not pay their utilitie bills.

https://www.washingtonpost.com/business ... ts-wrapper

And now the losses are dragging down water and electric companies, especially the city owned ones.