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so this does look like a recession - with the dow jones industrial average falling 3000 points over the last month and oil pricess falling steeply. does it?
by MichaelMoser123 7y ago
so this does look like a recession - with the dow jones industrial average falling 3000 points over the last month and oil pricess falling steeply. does it?
- AnimalMuppet 7y agoAnd the interest rate cratering.
- jeffdavis 7y agoBut low oil prices are an effect of a recession, not a cause.
- dntbnmpls 7y ago> with the dow jones industrial average falling 3000 points over the last month There is a difference between a recession and a stock market correction. We've already had a couple of stock market corrections during our 11 year bull run. The last one being in 2018. https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets https://en.wikipedia.org/wiki/List_of_stock_market_crashes_a... > and oil pricess falling steeply. We've had a couple of steep oil price drops during our 11 year bull run. https://www.macrotrends.net/1369/crude-oil-price-history-chart https://www.macrotrends.net/1369/crude-oil-price-history-cha... > does it? It's an election year with interest rates declining and strong employment numbers? No. I don't so. But we'll know for sure in a few months. If anything, the low interest rates and low oil prices usually mean economic growth. Considering coronavirus curtailed consumption in Q1, I suspect we'll be seeing record economic growth in the 3rd and 4th quarters as consumption and economic activity from Q1 is shifted to the future.
- CyanBird 7y agoYep If Germany or France locks down parts of their country to stop Corona, then it will be international recession 100%