Sunday, August 2, 2020

How long we can expect the U.S. economic catastrophe to endure - YouTube

The coronavirus pandemic leveled the U.S. economy in the second quarter of the year, leading to the worst collapse since the Great Depression. Gross domestic product fell by more than 9 percent between April and June. While some parts of the economy have improved since, weekly jobless claims are rising again. Harvard University economist Ken Rogoff joins Judy Woodruff to discuss the outlook.


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I was reading just yesterday about the economic collapse in Britain in the later 400s after the first Saxon revolt. Demand vanished and so large parts of the economy evaporated permanently. At least the Plague of Justinian didn't arrive for another hundred years or so.

Posted by: dearieme | Aug 2, 2020 1:58:22 PM

Economists are worse predictors than astrologers.

Posted by: dearieme | Aug 3, 2020 5:31:08 AM

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