{ "media_type": "text", "post_content": "I'm no economics expert, but many people were parroting a looming recession before COVID-19 and shutdowns. Any weight to that? Will it make recovery harder, if a recession was due?", "post_id": "5ec47ada434a4e001b791092", "reply_count": 14, "vote_count": 4, "bowl_id": "5e6fe1c31f5e51001d267e46", "bowl_name": "The Work-Life Bowl", "feed_type": "bowl" }

I'm no economics expert, but many people were parroting a looming recession before COVID-19 and shutdowns. Any weight to that? Will it make recovery harder, if a recession was due?

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Considering companies that formerly may have gone out of business are now being kept afloat through cheap government loans, I think we are kicking those prior issues down the road.

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I think we will be better off in the long run, assuming we trim the fat and restructure our economy to help the poor and middle class as opposed to bailing out the rich

likeuplifting

Most likely yes

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Great question.. I always thought the recession would happen globally right after the 2020 election. With CoVID no idea.. are at the peak of the recession/depression right now?

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Agreed. I believed Trump would go to no end to manipulate the economy to keep afloat til Dec 2020, then....

Let that 💩🔥

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People were mostly predicting a recession because we had gone so long without one. Now that we have a recession, I think we’re good.

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And the fact that we’ve been accumulating unprecedented amount of debt to grow

The Fed is propping companies and the market up. Don't think this is political at all, but it's incredibly artificial and could cause issues if the dominoes start to fall

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Good question, I was wondering the same.

We were nearing the end of a credit cycle

Many people were hoping for one because they thought it would damage the President, collateral damage be damned...

Or hope for one because capital is highly misallocated and bad investments need to bleed.

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