I will note that the Congressional Budget Office and a bunch of private forecasters, "Wall Street Journal" surveys and so forth, are looking for a very strong second-half economic rebound and suggesting that 2021 next year could be one of the fastest growth rebounds in American history or recent history.
I was just cruising by the channel...during a commercial break on CNN. Figured Fox would not have a commercial at that time as so many sponsors have deserted the sinking ship. Soon the My Pillow adds will be the only thing left on the shithole station "Fox News". Originally Posted by matchingmoleSo obviously in your usual non-partisan bent, you immediately focus in on something you saw for a short minute or two and proceed to mis-represent what you saw.
I was just cruising by the channel...during a commercial break on CNN.Do all 4 XiNN viewers channel surf on the commercials, or is that just you?
That was not the quote. Originally Posted by matchingmoleIndeed it was.
Indeed it was.What do you expect the White House economic advisor to say? If he is gloom and doom he is looking for a new job.
https://www.realclearpolitics.com/vi...d_in_2021.html Originally Posted by eccielover
I was just cruising by the channel...during a commercial break on CNN. Figured Fox would not have a commercial at that time as so many sponsors have deserted the sinking ship. Soon the My Pillow adds will be the only thing left on the shithole station "Fox News". Originally Posted by matchingmoleHave you tried his pillow?
What do you expect the White House economic advisor to say? If he is gloom and doom he is looking for a new job.I think we only need to be headed in the right direction to spin it for the election.
3rd quarter 2020 will be better, perhaps much better, only when compared to 2nd quarter 2020. Estimates are all over the place depending on how well the coronavirus is contained.
May Reboot (quick recovery): Assumes a peak in new COVID-19 cases for the US as a whole by mid-April. Economic activity may gradually resume in May beginning with the most impacted sectors, such as restaurants, travel, etc. Even in this optimistic scenario, annual GDP growth contracts by 3.6 percent.
Summertime V-Shape (deep contraction, V-shaped recovery): Assumes that the peak in new COVID-19 cases will take place in early May, creating a deep economic contraction in Q2, especially for consumption. While we may see a strong recovery in Q3, annual GDP growth will still contract by as much as 6.6 percent.
Fall COVID-19 Resurgence (2nd contraction in Q4, W-shaped recovery): Attempts to keep new COVID-19 cases under control in the Fall fail, requiring the implementation of stringent measures starting in October. The economy would begin to contract again in Q4, following a recovery in Q3. Annual GDP growth contracts to 7.4 percent – substantially more than under the previous scenarios.
Fall Recovery (extended contraction, U-shape recovery): Government policies such as social distancing help to ‘flatten the curve’ but extend economic weakness to Q3. The recovery will be slower but more controlled than in the V- and W-shaped scenarios, giving businesses more time to prepare for the recovery.
https://www.conference-board.org/data/usforecast.cfm Originally Posted by SpeedRacerXXX
What do you expect the White House economic advisor to say? Originally Posted by SpeedRacerXXXYes, I expect a positive tone, but my main point was the OP didn't know jack about what he was supposedly talking about and to claim Kudlow "evindently" thinks Trump is going to lose made the thread a non-starter from the beginning.
Yes, I expect a positive tone, but my main point was the OP didn't know jack about what he was supposedly talking about and to claim Kudlow "evindently" thinks Trump is going to lose made the thread a non-starter from the beginning.Agreed.
I'm all for discussing probabilities in the economic recovery to come, but that certainly wasn't the OP's intent. Originally Posted by eccielover