With Presidential election around the corner, 2 months into the pandemic and the number of cases showing no signs of relief, shut downs, a divided congress cant say whether it wants to do much to help the Americans or the World. There is still no sight of the vaccine, it could be months or even years away from coming into fruition. Compelled with the question of who gets it first will also be another challenge.
The Stimulus did very little for the American public to get on with their daily life. There were continuous shut downs and it a knows fact that no business can survive in the long run on its own without having to some incentive by the Government. The Government is surely selling corporate bonds to make up for domestic losses, but it surely has a limit on the same and how lon the lockdowns and woes will last for is a far sighted thing to judge.
Every 4 years the sentiment of the population undergoes a decent high until the one who comes in power gives away decent promised which keeps the hopes of the people high and sets the markets in a bull run with automatically puts money in the hands of the people. However this seems far from happening. On global cues the markets seem to stabilise itself as the underlying hope of the people is low.
Most corona virus aid seems to be bound to the elections as Trump threatened Nevada and some other states to withdraw federal coronavirus aid as they prompted its residents to be able to vote by mail. He is clear about using every federal reserve to serve the population only for him to win a second term. He seems to use the Lincoln Memorial as a back drop. The Whitehouse is still not very sure about how to go about with the opening up of the states after the pandemic. Some states claim that they have not received guidelines on how to open the economy. Trump is dosing up on hydro chloroquine a drug which his Government has said is ineffective from Corona virus.
The situation of the might USA, still seems to be in doldrums just like the other parts of the world.
The pandemic surely has brought all economies to a standstill.
Every 4 years the sentiment of the population undergoes a decent high until the one who comes in power gives away decent promised which keeps the hopes of the people high and sets the markets in a bull run with automatically puts money in the hands of the people. However this seems far from happening. On global cues the markets seem to stabilise itself as the underlying hope of the people is low.
The situation of the might USA, still seems to be in doldrums just like the other parts of the world.
The pandemic surely has brought all economies to a standstill.
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