3 thoughts on “It’s the economy, stupid!

  1. Gweilo Joe says:

    Results of a private survey on Monday showed China’s manufacturing activity expanded for the month of July — the fastest pace in nearly a decade, according to records.
    The private survey showed that policy stimulus is helping the world’s second-largest economy in its recovery from the pandemic, said Julian Evans-Pritchard, senior China economist at Capital Economics, a consultancy. https://www.cnbc.com/2020/08/03/china-economy-caixin-markit-pmi-for-july-2020.html

  2. p/s says:

    “U.S. economy needs over $1 trillion in fresh coronavirus stimulus, says world’s biggest hedge fund” https://www.cnbc.com/2020/09/01/bridgewater-associates-co-cio-greg-jensen-on-coronavirus-stimulus-need.html
    “If the economy is hurting, why is the stock market climbing? Here’s one simple answer” https://www.kansascity.com/news/business/personal-finance/article245351860.html
    Australia’s economy takes sharpest dive since the 1930s https://www.stltoday.com/business/australias-economy-takes-sharpest-dive-since-the-1930s/article_902f8429-6802-5a55-ac4d-f492fe7f4ddd.html
    “The Indian economy contracted by 23.9 percent in the second quarter, the most drastic fall in decades, as lockdown restrictions meant to contain the spread of the coronavirus wiped out jobs and businesses.
    India’s decline was the worst among the world’s top economies, with the U.S. economy shrinking 9.5 percent in the same quarter and Japan’s 7.6 percent.
    Economists say once the impact on the country’s vast “informal” work force is taken into account, the damage might be even worse.” https://www.nytimes.com/2020/08/31/world/asia/india-economy-gdp.html

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