What Would The American Economy Look Like If COVID Never Happened?
What Would The American Economy Look Like If COVID Never Happened?
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covid-19 economy
Explore "covid-19 economy" with insightful episodes like "What Would The American Economy Look Like If COVID Never Happened?", "9/7/21: Biden Jobs Report, 9/11 Docs Unsealed, Trump 2024, Texas Abortion Backlash, Men Abandoning College, MSM Fake News, End of 9/11 Era, American Empire in Retreat, and More!", "The Pandemic Economy in 7 Numbers", "COVID-19 Chapter 9: Economics" and "How bad will recession be and what will recovery look like?" from podcasts like ""Economics Explained", "Breaking Points with Krystal and Saagar", "The Daily", "This Podcast Will Kill You" and "This is Money Podcast"" and more!
Episodes (6)
9/7/21: Biden Jobs Report, 9/11 Docs Unsealed, Trump 2024, Texas Abortion Backlash, Men Abandoning College, MSM Fake News, End of 9/11 Era, American Empire in Retreat, and More!
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Ross Douthat’s Column: https://www.nytimes.com/2021/09/04/opinion/afghanistan-withdrawal-america.html
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The Pandemic Economy in 7 Numbers
There are several figures that tell the story of the American economy right now.
Some are surprisingly positive — the housing market is booming — while others paint a more dire picture.
Using seven key numbers, we look at the sectors that have been affected most profoundly and consider what the path to recovery might look like.
Guest: Ben Casselman, who covers economics and business for The New York Times, walks us through the pandemic’s impact.
We want to hear from you. Fill out our survey about The Daily and other shows at: nytimes.com/thedailysurvey
For more information on today’s episode, visit nytimes.com/thedaily
Background reading:
- Here is Ben’s snapshot of the key data points for understanding the impact of the pandemic on the economy.
- The expiration of two critical programs at the end of this year could leave millions of Americans vulnerable and short-circuit the nation’s precarious recovery.
COVID-19 Chapter 9: Economics
Episode 9 of our Anatomy of a Pandemic is here, and this week we’re stepping outside our public health sphere to examine COVID-19 from an entirely different perspective, that of an economist. Pandemics don’t happen in a vacuum, and the ripples of their impact extend far beyond those of public health, as nearly every person can attest to today. We’ve seen headlines about a global recession and high rates of unemployment, but what do those things actually mean? Have we seen something like this before or is this uncharted territory? And most importantly, what can we expect? We were curious to know the answers to these questions but we lack the expertise to take them on ourselves, so we asked economist Martha Gimbel, Manager of Economic Research at Schmidt Futures to join us on this episode about the economic impacts of COVID-19 (interview recorded April 14, 2020). A caveat: this episode focuses mostly on the economic impact of the pandemic in the US. As per usual, we wrap up the episode by discussing the top five things we learned from our expert. To help you get a better idea of the topics covered in this episode, we’ve listed the questions below:
What are some of the indicators that we use to know how the economy is performing, and what were the trends we were seeing in the months before this pandemic hit?
Could you take us through a timeline of the economic impact, starting with the first signs that the pandemic was having an impact on the global economy? What industries felt the pandemic first, and where do we stand now?
Could you break down the impact that we’re seeing on the global economy, the US economy, large corporations, small businesses, and the average consumer?
Was there a global recession after the 1918 influenza pandemic? If not, what makes these current circumstances unique?
Which countries or industries are the most vulnerable and why?
Are certain countries or industries proving to be more resilient in the face of this global recession?
Can you talk about the gig economy here and how our reliance on low-paid workers with no protection from their employers has impacted our own economic resilience?
Can you talk about the implications of the numbers of unemployment insurance filings that we’re seeing and just how staggering they are?
Are the current benefits offered through the unemployment system going to be enough to keep people at home and not seeking work in situations that put them at higher risks of exposure?
Are there any general trends or predictions in terms of how long this recession will continue and what it will take to recover? How will we know when we have “recovered”?
Are you seeing any innovative solutions that people are proposing or starting to implement in terms of a social safety net?
What positive changes do you hope this pandemic will bring about?
Where is the money for the stimulus checks coming from?
Is that $1200 check going to be enough to keep people going for the next few months?
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How bad will recession be and what will recovery look like?
The economic destruction of the coronavirus crash was laid bare in reports from the Office of Budget Responsibility and IMF this week.
Lockdown has already wiped £50billion off the UK economy and is costing the nation £2billion a day, said the OBR.
Meanwhile, the IMF warned the global economy would take the biggest hit since the Great Depression in the 1930s, with advanced economies shrinking 6.1% this year and developing countries by 1%.
But although the OBR forecast an astonishing 35% slump in UK output in the second quarter of this year - with a three-month lockdown - the other side of its chart showed a substantial bounce-back.
What will we need to do for that recovery to happen – and what will it look like?
On this week’s podcast, Simon Lambert and Georgie Frost look at the reports on the economic impact of Covid-19 and at the potential bounce back, along with which sectors and businesses could seize the day when it comes.
They also discuss the big tech firms that have benefitted from lockdowns and working from home around the world.
The lofty valuations of these companies marked the top of the previous stock market boom, but their shares have fared better than most in the coronavirus crash. Can the FAANG stocks (and Tesla) pick up where they left off?
And finally, investors are told to think long-term with the minimum investment period traditionally cited as five years. But have the events of the past 21 years on the stock market shown that now we need to think in decades instead?
Market update: 20 March 2020
Our world is changing - on almost an hourly basis right now.
The Coronavirus (COVID-19) is affecting people all over the world, so now more than ever, we need to be on the ball with what’s changing, why it’s changing and what the changes mean for the future.
So welcome to our new weekly market update!
For the past few days, Rob & Rob have been having daily chats and thought they might be helpful for Hubbers to listen to. Not because they have all the answers, but because it might just help others process what’s going on right now.
Today you can expect to hear about:
- The new measures brought in this week around mortgage holidays for buy-to-let landlords and eviction bans
- The latest government stimulus and what it means for the economy
- What effect the Coronavirus is likely to have on property prices
A word of warning though…these episodes are unedited so who knows what’s in-store for future updates!
You can also find out today why Rob B is fascinated by quantitative easing and why he thinks we could actually be in prep for a huge boom!
Enjoy - and we’ll be back next week!
We’d love to hear what you think of our new market updates over on Facebook, Twitter or Instagram. You might even have a question you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.
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