And yes, another article today about the Youtube channel Brian Jung, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. That's why we decided to make an article about it, because we are sure that you will like this new video.
Today, May 12, 2020, the Youtube channel Brian Jung has published a new content with the title Stimulus Check Update: Economic Recovery + Cares Act 2 Thoughts. If you want to watch this video in streaming, you have come to the right place!
The video is doing a very good start since it was uploaded on the Youtube channel of Brian Jung and it could well end up in trend if the scores remain at these levels. However, we should not get too excited and wait a few days to see if this good start is confirmed with a buzz on the duration.
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For your information, you can find below the description of the video Stimulus Check Update: Economic Recovery + Cares Act 2 Thoughts published by the Youtube channel Brian Jung:
A lot of big updates within congress coming this week. Here is a recap of the future of our economy, the way things are headed and my thoughts on some additional stimulus ideas such as the $5000 loan.
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Morning Brew Economic Piece May 12th:
When an athlete gets hurt, all they think about is the timeline for getting back on the field. The same goes for an injured economy: How long will it take to recover?
Probably years
Economists were hoping for a V-shaped economic recovery: a rapid slide down followed by a quick climb back. But many are scaling expectations back to a Nike swoosh-shaped recovery in which output may not return to pre-pandemic levels until late 2021 (or later).
Even worse would be a W-shaped recovery, where the economy weathers one recession only to faceplant into a second.
“If a second downturn were to flare up, it’s far from clear that Congress would be ready to offer trillions more to enable businesses to survive yet another round of months-long shutdowns,” the AP reports.
Recoveries don’t happen evenly
A recession’s full effects can take years to ripple out. The Great Recession technically ended in June 2009, yet bank failures peaked in 2010. And as late as 2013, state and local governments were still slashing jobs.
81% of small businesses think COVID-19 could impact them for 12–16 months. By some estimates, half of small businesses could fold within six, and laid off workers could require years to find new roles.
One worrying trend: More businesses are moving to permanent layoffs as they close factories and reduce operations.
Manufacturing, which never returned to pre-2008 levels, is especially vulnerable: Between 2010 and 2019, the sector added 1.4 million jobs. In April, it lost 1.3 million (including temporary layoffs).
The Becker Friedman Institute predicts that 42% of layoffs will be permanent.
Business closures also have upstream effects. Commercial real estate owners are expected to swallow big losses, then pass those up to banks when they can’t make debt payments...which could push banks into failure.
Of course, you wouldn't know any of this by looking at the stock market.