Lv 7
asked in Business & FinanceInvesting · 2 months ago

when is the US ECONOMY going to crash ? (forget about the US stock markets)?

Update:

has anyone seen any latest reports on consumer spending in the USA? what did it say? what about the TOTAL unemployed right now? how this will get better or not soon? why think so?

13 Answers

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  • 2 months ago
    Favorite Answer

    The overall economy has crashed with COVID. A large number of jobs have been lost, almost 1/2 million Americans face eviction after the first of the year, businesses are closing and going bankrupt, our unemployment rate is 7.4%, etc., etc., etc. The stock market is high because many investors are gambling that the recovery is in sight with the impending approval of vaccines. Consumer spending hasn't dropped due to most people believing that government relief is in sight.

  • ?
    Lv 5
    2 months ago

    If Joe Bidet does get in, then next year :-)

  • ?
    Lv 7
    2 months ago

    It has already crashed pretty hard, and it will get worse when the stimulus money ends next month.

  • 2 months ago

    Probably, it has already crashed. Remember that all the measurements we have are from one to three months behind the facts.

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  • Saad M
    Lv 5
    2 months ago

    When the economy passes from the financial form (fictitious) towards the real and ethical economy: investing to employ, produce necessities raw, complementary and measured or regulated decorum, absorb unemployment and eradicate the poverty of a hundred million poor people in order to support them, move away from economic imperialism and the destruction of nature, etc. ...

  • kswck2
    Lv 7
    2 months ago

    Pretty much guaranteed if there is another lockdown in the US. That will kill off Most of small business. 

  • ?
    Lv 7
    2 months ago

    I have already noticed a drop in business just with Biden projected to win .

  • Anonymous
    2 months ago

    It won't crash again until we're stupid enough to put Republicans back in the White House or give them control of the Congress.

  • 2 months ago

    Why would it? The economy is on a slow rebound, unless the country shuts down again.

  • Anonymous
    2 months ago

    it won't because 1920s music(or a similar type music) will creep up and keep the party going. Live entertainment

    (the music is here, it has yet to be released)

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