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The “resurgence of cases” in these other countries are less than 1 per 10k. Florida has been having 30-40 per 10k. It isn’t binary. All economies will take a h
by gibrown 6y ago
The “resurgence of cases” in these other countries are less than 1 per 10k. Florida has been having 30-40 per 10k.
It isn’t binary. All economies will take a hit. But if the US was doing 30x better then the economy would be better.
And if there is any seasonality at all the Fall could get quite a lot worse and make the economy worse than it already is.
- leereeves 6y ago> if the US was doing 30x better then the economy would be better. As a counterexample to that claim, the Euro zone GDP fell 12.1% in the second quarter. That's an annualized rate of 40%, even worse than the widely reported annualized drop of 33% in the US. https://www.cnbc.com/2020/07/31/euro-zone-gdp-q2-2020-as-coronavirus-crisis-hits.html https://www.cnbc.com/2020/07/31/euro-zone-gdp-q2-2020-as-cor...
- gibrown 6y agoUS decreased 9.5%. The difference seems fairly marginal and could be affected just by timing of when the virus started. Germany though bought something with that. The interesting question will be what Q3 and Q4 looks like.