If you have 3 giant elements that have a gravitational effect on each other, you can find out where they were in the past.
However, you can’t wait where they will be in the future, at least not without a wonderful difficulty.
In physics, this is called the 3-body.
In economics, we are far beyond the challenge of the three bodies.I think it’s more of an eight-body challenge.See if you agree:
Organ 1: The economy of the facilities has plummeted.We don’t know when he’ll be back, I’m not going to argue if we close or open, I’m just talking about what it is.And it turns out that a giant component of the economy is going to get stagnant for a while, but we don’t know when this component of the economy will normalize.
Organ 2: We have witnessed the central bank’s greatest intervention, not only in the United States, but in many parts of the world, never in history.Obviously, that helps keep the markets in place.Moreover, governments are offering fiscal stimulus in an unprecedented way.Essentially, the government borrowed cash to give others the money they would have earned on their jobs.Interestingly, not everything spent. We’ve noticed a record amount of available revenue stream added to the savings.
The U.S. government is in a food war over the next stimulus circular.A safe amount will probably be determined. It is a primary economic gravitational body, and we have no idea what it will look like this year, next and 2022.
Body 3: Federal Reserve policy and, to some extent, government policy have overlooked Schumpeter’s cycle of artistic destruction and ethical risk.Companies with the lowest-rated unwanted bonds refinance their debt at declining rates.afloat.
Organ 4: Global industry is beginning to implod. It’s a global depression and it affects everyone.I wrote 20 years ago that the biggest risk to long-term prosperity would be protectionism and price lists.I’ve made it clear that China is not a smart player and that we want to review.our policies and our dependence on them. But price lists are simply a bad idea, whether in China, Europe or a country.
Organ 5: On average, six corporations with assets of more than $50 million have filed for bankruptcy every week since April.This will build up and a tsunami will occur. Local small businesses don’t even bother to deposit because it’s too expensive and each of them represents jobs.
That’s the hardest part …
Body 6: The elegance of running will be the last to see the recanopyy.Most of the jobs that are lost are those of the poorest in our society.We’re talking about tens of millions of employees who can’t paint from home.with young people they have to figure out how to take a look at them in case schools don’t open …or if they don’t need to send them back. Unemployment insurance does not cover expenses when federal cash runs out.And employment may not miraculously recover in the first quarter.It’s going to be a long, slow climb.
Now for the news …
Corps 7: Entrepreneurs will reappear and at this time they will shine new All those companies bankrupt or bankrupt?They are analyzed through marketing specialists who have the enterprise virus, which is a component of their DNA.
I was talking to a place to eat in Dallas that is “reduced” to 3 places to eat.Stretch your money and expect some other P3 circular.You’ll breathe better when you can get up to 50% occupancy in your thriving places to eat.
Depressed? No way. He thinks that all this will normalize and that he will have the greatest chance he has ever had, he can see 10 restaurants in his future.It’s the kind of vision that speeds up recovery.
He and many thousands of other marketing specialists across the country and around the world are looking for opportunities and that’s exactly what they’re doing.They can’t help themselves.
It will take time and they have to know where the capital will come from, but I am convinced that the marketers will be the ones to take us out, not the governments.
Body 8: We are in the midst of the greatest transformation ever, Elon Musk has just unveiled and landed a massive rocket as a test. This is just one very visual example of the tens of thousands of new technological revolutions that are taking place around us.
These disruptive technologies will replace the world. I can’t even begin to describe what’s happening in the area of biotechnology and aging.Artificial intelligence, robotics, autonomous cars, incredible advances in agriculture, navigation, quantum computers …You call him. The list is too long. And it’s growing.
Each of the “bodies” I mentioned will have a significant effect on recovery.We don’t know how they’re going to interact.
In the meantime, cheer up. Yes, there are many miles left on this road, and it’s going to be full of potholes and potholes, but we have a lot to look forward on the road.Get my feedback at the right time as this happens here.
I’m a monetary writer, editor and best-seller for The New York Times.Every week, nearly a million readers around the world get my mind from the front.