For those expecting another US led V shaped recovery

[DimPrawn]

US weekly jobless claims hit 5.2 million as coronavirus layoffs continue - Business Insider

US weekly jobless claims hit 5.2 million, wiping out all jobs created since the Great Recession in just 4 weeks

Time to rename "The Great Recession" to "Insignificant Dip"

[CheeseSlice]

22 million jobs erased in 4 weeks!

[Old Greg]

Let's see what the updates to this graph look like.

[DimPrawn]

[sasguru]

Lets hope the economy in the US picks up. Otherwise it may be that the orange moron is gone, and who would entertain us as much as he has?

[AtW]

With Biden in the future won’t be orange no more

[scooterscot]

Let's see what the updates to this graph look like.

Just wait until we see the Boris / Brexit graph - will make a bottomless pit look shallow.

[scooterscot]

Lets hope the economy in the US picks up. Otherwise it may be that the orange moron is gone, and who would entertain us as much as he has?

Dimprawn accepts the challenge.

[DealorNoDeal]

History tells a different story

The US economy was doing better before the GFC (in 2006) than it was before this crisis (in 2019).

In fact, since the GFC, GDP growth has never exceded that of 2006. (So much for a roaring economy under Trump)

US GDP by Year Compared to Recessions and Events

Unless CV19 proves to be much less of a financial shock, it's hard to see how any recovery can be better than after the GFC.

[AtW]

Recovery will start proper once there is proven cheap available medicine to treat people who got infected (and obviously testing to detect it early, not when people need to be on ventilator).

Vaccine (if it works) 12-18 months away, though there are noises if it being available to medical workers this fall, which is likely, but feck knows if it works (and for how long).