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~* Make America Great Depression Again -- Official Thread of Corona Virus infected markets *~


Jason

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The PPP fix has passed both chambers. Main things are allows funds to be used over longer period and lowers the percentage needed to be used on payroll from 75% to 60%, which is much more reasonable.

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Everything about this economy has me shrugging and realizing I have no idea anymore. I guess Bernanke was correct in thinking of this as a giant hurricane or whatever he said. A second wave would take some of the wind out of this rally, but nobody knows a damn thing. 

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The U.S. entered a recession in February, according to the official economic arbiter

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The worst U.S. downturn since the Great Depression is now officially a recession, according to the National Bureau of Economic Research.

 

Though it seemed a foregone conclusion, the NBER, the official arbiter of recessions, made the declaration Monday as the nation tries to recover from the coronavirus pandemic.

 

 

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1 hour ago, Littleronin said:

And wouldn't that put it before the start of stay-at-home orders?

 

1 hour ago, Emperor Diocletian II said:

That's correct.

 

Weren't people already starting to react to coronavirus before the stay-at-home orders though?

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