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Re: U.S. wholesale prices sink 1.3% as coronavirus triggers broad collapse in demand

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 13 May 20 8:03 PM | 18 view(s)
Boardmark this board | The Trust Matrix 		Msg. 36196 of 54959
(This msg. is a reply to 36195 by clo)
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The big issue is what will happen when it is time to reopen the economy (ie when the virus really is under control).

No one really knows. This is a novel scenario.

Neither optimism nor pessimism are useful. But I hope it works out a bit like August in France. The economy closes down for a month. Then resumes in September as if nothing happened.

While Bananarepublicans imagine Dems hope the economy remains in a crater, I'd be much happier if it recovers. Because life's about people.

I also hope Trump loses. But I don't hope he loses more than I hope people's jobs return.

Same thing with managing the virus. I wish the federal response had been competent. Like Obama's. It's that Trump has done a terrible job which demands he should be replaced. But I'd rather he had been competent like Obama (and Bush when it came to planning a pandemic response) and people hadn't died.

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The above is a reply to the following message:
U.S. wholesale prices sink 1.3% as coronavirus triggers broad collapse in demand
By: clo in ALEA
Wed, 13 May 20 7:23 PM 		Msg. 36195 of 54959

U.S. wholesale prices sink 1.3% as coronavirus triggers broad collapse in demand
By Jeffry Bartash
Published: May 13, 2020
Yearly rate of wholesale inflation turns negative, PPI shows

The numbers: The wholesale cost of U.S. goods and services sank 1.3% in April — the largest decline on record — as the coronavirus bore down on the economy and cratered demand.

The decline last month was the third in a row and the largest since the government reconfigured its wholesale report in 2009 to include services such as finance and health care. Economists polled by MarketWatch had predicted a 0.5% drop.

more:
http://www.marketwatch.com/discover?stackid=6d7b11aa40ce6aaa8301924dff02f65a&siteid=nwham#https://www.marketwatch.com/amp/story/guid/7411028E-9513-11EA-8340-95FDE6EE78E0?mod=dist_mw_email

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