There is a major disconnect between the stock market and the underlying economy. The GDP numbers are down as well because the economy was brought to a stop and has not come back to pre-COVID 19 levels. Yet, the stock market is roaring. How is this possible?
Tag Archives: covid-19
How Billionaires Are Getting Richer During The COVID Economy
A 2019 Federal Reserve Survey found that 40% of Americans did not have $400 in their accounts to cover emergency costs. That was before the pandemic rocked the world’s economy.
Significant Effects on The Economy Due to COVID-19
The savings rate, which is the percentage of personal income consumers save rather than spend, is at the highest it has been in years. The high savings rate is a reflection of the American peoples’ fear because they do not know the direction the economy is going to take.
How COVID-19 Exposed the Fragility of the Financial System
COVID-19 has shown the fragile nature of the United States financial system, as well as other countries around the world.
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