The Recession of 2020, at which we are just at the beginning, has some of the same Don’t follow Me I do stupid things vintage shirt as noted above, again too much debt, over-valued stock market, some pockets of a high real estate market, tightened fiscal policy in 2018, a yield curve inversion in 2019 plus a manufacturing recession that got underway in 2019 as reflected by ISM’s Purchasing Managers Index (PMI) under 50. We were ripe for a recession in 2020 (see my answer to When is the next economic recession?), but at the time of originally posting that in 2018, no one knew what the trigger event would be. By February, it was becoming clearer that fear of Covid-19 could be the trigger event for a 2020 recession.
Don’t follow Me I do stupid things vintage shirt, Hoodie, Sweater, Ladie Tee, Vneck, Bellaflowy, Kids Shirt, Unisex and Tank Top, T-shirt
Best Don’t follow Me I do stupid things vintage shirt
But, here’s what’s different. Instead of being a gradual process, we basically just fell off the cliff in sudden and dramatic Don’t follow Me I do stupid things vintage shirt . In the Great Recession it took 29 months for unemployment to reach 10% (Oct 2009) from its pre-recession low of 4.4% in May 2007. Due to all the stay-at-home orders issued in the latter half of March, we are most likely there now. We will not know until we see the April unemployment report in the first week of May. In the Great Recession it took the stock market 12 months to hit -37% down from its October 2007 high, eventually going to -56.8%. This year we went down -33.92% in just little over a month. (Side note: it will retest those lows this summer as all of the economic data and corporate earnings reports come in). In “normal” recessions people lose jobs because customers are buying less, part of a symbiotic death spiral with the inverse fact that customers are buying less because they are loosing jobs. In the current recession, the stay-at-home orders and general fear put customers and workers at home in the matter of a couple of weeks. Sort of like a self-inflicted gunshot wound.