Saturday, June 18, 2022

A Recession Vs A Global Covid-19 Lock Down -- Which Is Worse? June 18, 2022

I had not thought about this until I saw the tweet.

Did Covid put us into a global recession or even a national (US) recession?

One can argue that all the stimulus money prevented a recession, that's fine. But, then look at this. Does anyone really think gasoline demand / oil demand will drop back to Covid-19 levels when / if we enter a recession. 

I'm not exactly sure why the graph only goes out to 2017. There are a number of other issues, also, which are noted in the comments at the link.