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Economist Austan Goolsbee breaks down the biggest differences and similarities for both recessions, and offers hope on how and why our recovery now might be faster than in 2008.
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#GMA Recession #Covid19 #GreatRecession #Economics .
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Covid-19 recession vs. 2008 recession l GMA Digital
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#Covid19 #recession #recession #GMA #Digital
Covid-19 recession vs. 2008 recession l GMA Digital
financial crisis 2008 explained
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All I have to say is, "No fucking shit"
Anybody Here That Lost Job in 2008 and Again Now in 2021???
They boss gave everyone at the shop a spontaneous raise between .25- 3 dollars. This is going to be a bumpy ride.
So, the 2008 crisis was caused by the capitalist mode of production. the 1929 crisis was also caused by the capitalist mode of production. in fact, every capitalist crisis has been caused by the capitalist mode of production, i.e. capitalism itself. and now you want us to believe that this crisis is caused by "covid" which has like 99, something survival rate?
This depression will be much harder to overcome because a LOT of small businesses of all kinds were forced to close. All those people need a job now and will be competing to get a job with all the people that were employed and lost their job too.
Also, no one knows how long the virus will be around uncontrolled so less people will take the risk to open new businesses.
Don’t worry while the tub is clogged. The government will snake the sink.
i want to remember this video…that's wy i liked it.
Did ESPN lend you this guy?
YES, it will, not probable, it WILL be worse!!!!
Oh, almost forgot. Look for a housing crash around March 2021!!!!
Bro, on Facebook since April 2020, i’ve been telling people we’re fucked!!!! This recession is worse because it hit quickly!!!!
Not every recession is a 2008
Trump being a dumbass doesn't help ethier
Some people have never financially made it out of the great recession. It took 10 years to fix my income and assets. Last recession taught me alot and I have become wealthier this time around. If I am lucky, I can be in a great position 3 to 5 years from now
Its ALL been PLANNED in advance. Covid released globally by weather manipulation. They planned the economic collapse. Federal reserve is no more government then fed ex.
ONE DAY CLOSER TO THE NWO GLOBAL GOVERNMENT.
Answer..
Choose Jesus Christ
Do I speak truth.
Here is truth.
1) Trump will be in office again
2) Illuminati game card to assassinate Trump
3) First attempt will fail
4) 2nd attempt will be successful.
Who will do this.
The devil. To kill, steal, and destroy.
Jesus Christ is coming soon.
God will provide for you, heal you, deliver you, and give you eternal salvation.
Answer.
Choose Jesus Christ
Your analogy is very obtuse. The fragility of the labor force was hanging on by the edge, its not unplugging the clog, many these jobs are gone forever due to technology fast-forwarding 10 years. The 4th industrial revolution is upon us and a new paradigm shift is upon the labor market.
The economy was in a bubble in 2019. COVID was only a catalyst in bursting the bubble.
guys sellin smoke….. their was already signs of recession before covid19. pulling it off our backs could prove impossible i dont see aids getting pulled off the back of people. just because we have fixed alot of things doesnt mean their will be a fix just like our friend AIDS .
We will have an L shaped recovery because our government will destroy any progress from the grassroots.
Can't sleep .. Interesting video