Sunday covid 19 update : Debt crunch
The shops here have literally roared back to life. Hairdressers are open 24 hours, and there is a river of takeaway coffee flowing.
Lots of boats launched off the beach today and lots of people fishing.
It’s early days but it looks like maybe I was right about the post shut-down reaction???
Lots of boats launched off the beach today and lots of people fishing.
It’s early days but it looks like maybe I was right about the post shut-down reaction???
When the budget was announced this week, the treasury felt that the recovery will be V shaped which is an opinion I agree with.
A few moaning old economists who were interviewed after the presentation reckon it will be U or at worst L shaped.
I’ve noticed that some economic commentators out there think that we should let the weak die so we can save the economy.
What if we flip that, and shut down completely such as we did here. Thus only the strong businesses will survive?
Every week a new theory...
I’ve just been watching the Kiwi budget for this year, and they mentioned debt. Aeoteroa was in the black before the pandemic, and it’s societal rescue package has dropped us into a billion dollar debt hole.
What about other nations? Is there a correlation between debt and Covid response? Is the need to keep economies running more about servicing debt?
You can find this infographic here…
https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/
Last Tuesday while I was jotting down some notes for this blog. I wondered if the U.S. death toll would hit a hundred thou by Sunday?
I think we might well hit that number sometime next week.
As I wrote in an earlier post, the numbers might not be accurate. Anthony Fauci has recently said as much.
The graph below is cut from Google's search results, so I’m not expecting this to be totally accurate.
A few moaning old economists who were interviewed after the presentation reckon it will be U or at worst L shaped.
I’ve noticed that some economic commentators out there think that we should let the weak die so we can save the economy.
What if we flip that, and shut down completely such as we did here. Thus only the strong businesses will survive?
Every week a new theory...
I’ve just been watching the Kiwi budget for this year, and they mentioned debt. Aeoteroa was in the black before the pandemic, and it’s societal rescue package has dropped us into a billion dollar debt hole.
What about other nations? Is there a correlation between debt and Covid response? Is the need to keep economies running more about servicing debt?
You can find this infographic here…
https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/
Last Tuesday while I was jotting down some notes for this blog. I wondered if the U.S. death toll would hit a hundred thou by Sunday?
I think we might well hit that number sometime next week.
As I wrote in an earlier post, the numbers might not be accurate. Anthony Fauci has recently said as much.
The graph below is cut from Google's search results, so I’m not expecting this to be totally accurate.
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