Category Archives: Economics/Finance

The Silver Lining of the COVID-Caused Recession is Supra-Economic – commentary

County Sustainability Group – promoting a sustainable prince edward county

COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it’s nature at bat, not the Fed.

In these dark times, any source of comfort is welcome. Steady-state economists offer one of the only economic comforts to be found, a bona fide silver lining that warrants inspection by the mainstream media, public, and policymakers. There are three qualifiers. First, the silver lining is mostly macroeconomic, not micro. In fact, it is so big-picture we might call it supra-economic as it transcends the standard economic indicators.      Continue reading

USA Economy: How to spend $2 trillion – Politico commentary

By RENUKA RAYASAMCAITLIN EMMA and MICHAEL GRUNWALD  – 03/25/2020 09:26 PM EDT
THIS ISN’T A BAILOUT. OR A STIMULUS — The $2 trillion bipartisan coronavirus legislation that Congress is finalizing this evening is more than twice the size of America’s biggest economic stimulus package, President Barack Obama’s 2009 Recovery Act. It’s also more than twice the size of America’s biggest corporate bailout, President George W. Bush’s 2008 Wall Street rescue. But even though it’s supposed to help the shattered economy and save failing businesses, it’s not primarily a stimulus bill or a bailout bill.

No, this is a disaster aid bill. And it’s nearly 25 times the size of the record-breaking disaster bill Congress passed after the deadly hurricanes of 2017. And this time, the disaster is just starting to unfold. It’s as if Congress is sending money to the coast just as the hurricane is reaching the shore, because the levees are already breaking.

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BUSINESS: The Hardest Hit Companies of the COVID-19 Downturn are ‘BEACH’ Stocks

The ‘BEACH’ Stocks —booking, entertainment, airlines, cruises, and hotels 

The market’s latest storm has plunged the global travel industry into uncharted territory.

Since the S&P 500 market high on February 19, 2020, market capitalizations across BEACH industries—booking, entertainment, airlines, cruises, and hotels—have tumbled. The global airline industry alone has seen $157B wiped off valuations across 116 publicly traded airlines.

BEACH Stocks: $332B in Value Washed Away by March 24, 2020

Investor confidence in cruise lines has also dropped. Between Carnival, Royal Caribbean, and Norwegian Cruise Line Holdings, over half of their market value has evaporated—equal to at least $42B in combined market capitalization.          *All numbers as of market close on March 24, 2020

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VIDEO: 1929 Stock Market Crash and the Great Depression – BBC Documentary

1929 Stock Market Crash and the Great Depression – Documentary

Brief History of that other economic designed crash of 1929 BBC documentary

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.   Continue reading

Guyana: Coronavirus hitting businesses hard – Cuban shoppers gone

The COVID-19 impact on Shanta’s Puri Shop

Fears over the deadly Coronavirus (COVID-19) have been taking a toll on Guyana’s business sector as many of them have either closed or scaled back operations.

Many Chinese-run businesses in Guyana which depend on all-week shopping by Cuban traders, have closed their doors, so too are several local businesses and fast food enterprises. It is estimated that each Cuban comes to Guyana with at least US$3,000 to purchase clothing, electronic equipment and electrical appliances to take back to Cuba to sell.          Continue reading

VIDEO: Stock Market Crash 2020 Will Be Worse Than The Great Depression !! – OPINION

VIDEO: Stock Market Crash 2020 Will Be Worse Than The Great Depression !!

Epic Economist – 11 March 2020 – For the last two weeks the US stock market has been tanking all across the board. It looks as if a major stock market crash is upon the United States. The Dow Jones Industrial Average has been swinging approximately for 1,000 points in multiple days within the last two weeks. The stock market traders have been panicking because the market has just turned out to be a rollercoaster that they have not seen for many years. The market has been very volatile with up to 4.5 percent movements in a day and all investors are unaware of what will happen next. There is a lot of panic as investors fear that the market will continue tanking because economic indicators are indicating that a big stock market crash will happen.            Continue reading

VIDEO: The Truth Behind The Coronovirus Pandemic; Lockdown and Economic Crash – David Icke

DAVID ICKE – THE TRUTH BEHIND THE CORONAVIRUS PANDEMIC: COVID-19 LOCKDOWN & THE ECONOMIC CRASH

ECONOMICS: Will there be another Great Depression? – The Guardian UK

Government indecision amid the coronavirus crisis has fuelled fears of a long recession – unless there is a huge fiscal response
Unemployed men eat soup in Washington, circa 1935.
 Unemployed men eat soup in Washington, circa 1935. Photograph: Archive Photos/Getty Images

Such was the scale of the global market crash last week in the wake of the coronavirus outbreak, the spectre of the 1929 Wall Street rout and the ensuing Great Depression of the 1930s has been raised. Comparisons no longer seem fanciful.

The failure of the US and the UK to swing into action with a wide range of mitigation measures – despite the lessons of Italy’s slow response to the spread of Covid-19 – has heightened concerns that a sustained, epochal downturn lies in wait.          Continue reading

China sneezes: The world catches a bad cold; pneumonia and sometimes death! – By Jean H Charles

When China sneezes the rest of the world catches a bad cold that may lead to pneumonia and sometimes to death!

Jean H Charles

 By Jean H Charles  –  syndicated columnist. 

In my commentaries, I have often mused the rest of the world will be half Chinese in the long run. With its fluid population of 1.4 billion people (1.386 as of 2017) out of 7 billion (7.53 as of 2017) in the rest of the universe, China can make a lot of mischief or it can help to solve most of this world’s problems.

With the Chinese Revolution brought about by Mao Ts Tong in 1946 followed by the corrections of Zhou En Lai and the reformer Deng Xiaoping with his practical mind and now the global leadership led by Xi JinPing through the Chinese Silk Road, China in the past seventy years and beyond will heavily influence what’s in happening in the rest of the world. The corona virus known through its scientific name of COVID19 that is sweeping all over the world is a vibrant example of the worst and the best coming from China.            Continue reading

Impact of coronavirus… Guyana slowly grinds to a halt – services affected

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