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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.

2 comments:

  1. IMHO I would think COVID (i.e. stimulus it wrought) put us into the recession via supply/demand via inflation via hiking rates to cool the aforementioned. Rubber band effect maybe for some time...?

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    Replies
    1. Can't disagree. We're going to be paying for the political decisions made in 2020 for a very, very long time. Some folks may not live long enough to recover their losses.

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