Investors have been optimistic the economy will bounce back quickly despite record job losses.
Mark Zandi, chief economist at Moody's Analytics, said a V-shaped recovery is unlikely as some businesses will struggle to reopen. "I don't think we get back to anything we consider normal until perhaps mid-decade at earliest," Zandi said.The economy could take years to rebound as it faces longer-term challenges from"The damage to the economy already has been too significant, there's going to be too many business failures," Zandi told CNBC. "Even as businesses reopen, a lot won't, and so many of the people who've lost their jobs won't be able to get back to work.
All 50 states have reopened their economies to some degree following widespread lockdowns to stop the spread of the
Yup. The left's draconian shutdowns caused the 2nd Great Depression
Has anything this guy predicted ever actually happen.
Dow 30k at all costs. Nobody else matters, right?
Mark Zandi is the biggest shill of all time. I honestly can't believe he still has a reputation in the world of finance.
It'll face even more damage for a longer term if democrats gain control! Heaven help us all!
It’s all a Hoax! - 🤡
CNBC dweebs pushing “gloom and doom” in a futile hope that maybe 1 person will switch their ballot and vote for Biden. 🙄
You think
Markzandi & steveliesman are the absolute best voices to listen to.
Agree with points by Mark Zandy as he's an Analist and most probably preparing for an L shaped recovery once we control the virus. The stock market it's not a reflection of the real market but a market of speculation of the same market . The bets and position on; Rien ne va plus
Must be watched
Begrepet økonomi, basert på kunstige og primitive tallverdier, med dertil-hørende matematisk målt 'rettferdighet', er denne verdens kompliserte og vitenskapelige erstatning for naturlig menneskelig likeverd, nestekjærlighet og rettferdighet.
That last part is a MUST for our economy.
Live Free Or Die
should be watched
And Zandi was last right when? “The New York Times summarized a 2016 study by economist Mark Zandi of Moody’s Analytics by warning, “If Donald Trump were elected president and put in his stated policies, the U.S. would experience a lengthy recession, enormous job losses”
Gold and Silver....
Your nation was forced to care about it's economy and now you're having a second wave of infections, the people have been guilted into restarting your economy, when the rest of the world is staying home, you know who to blame, YOUR LEADERS, UnitedNations and the IMF.
Zandi is a liberal wack job !
Zandi is a fraud!
Realistic scenario. Mark thank you for rational opinion.
I been somewhat interested how do ppl check the companies income information is there A special software that's only allowed for employees
Businesses bankruptcy inevitable.
Don't tell the Algo's and the Stock Market...
The problem is that the economy might close again (at least in specific areas).
Or no it does not, matter of opinion.......
He’s spot on. I’m lucky, I had made my small business all online. We manufacture all of our products in the US. That has helped too.
Small businesses burned down by Black Lives Matter May never return.
Not exactly.
It’s unlikely but it can happen and with enough people with the right mindset anything is possible!
This should be a no brainer! Some are believing everything will be okay like it’s a light switch.
But dont we have a smart business man as our president! 🤪🤔🤮🤑🤡💩 cant he alone fix it! 🤥💣💥
Don’t listen to this guy! He’s moody!!
No worries...Wall Street is much more forward looking than your “long-term” damage...Wall Street is at least 2 decades ahead...else how would one explain the more than 140% capitalization of GDP for S&P and more than 250% for Russell 2000?
And you America hating, Trump hating, are pretty happy about this, aren't you? I don't think it will take long at all for America to be pumping away better than ever.
Thanks to Xi and Trump.
Related to travel industries has been impacted the most, key things is big boys Franchisor claim they have created jobs, they are wrong instead Franchisees are suffering the most. Franchisors have not helped or promise to Franchisees location which is very sad.
Wasn’t Moody’s the firm that gave improper bond ratings before th 08 crisis?
Stock market already did the Flying V. That’s all that matters, right?
Elizabeth’s face is prettier than his logic.
We need to get people out and doing things, then we need to create 10s of millions of jobs. That's going to take years.
Test
Guy’s full of crap
This guy literally has been wrong time and time again yet you keep bringing him on! Why not show his record!
I said last month that a V shaped economic recovery was unlikely, now we’re looking at a slow U shaped recovery, perhaps like the Nike symbol. Depending on the next few months, we could be entering another depression.
OPEN AMERICA
VOTE TRUMP VOTE GOP VOTE AMERICA
AMERICA FIRST AMERICANS FIRST VOTE TRUMP VOTE GOP VOTE AMERICA
PROPAGANDA OUTLET
FAKE NEWS
You can always buy gold
PROPAGANDA
BULLSHIT
Bullish Markets up 🚀
Unemployment is not permanent. US economy was in good shape and will be very soon
‘Mid decade at the earliest’ LOL
Why are you showing the same fb interview over and over again ?
Will enough corporates jump off zoom, pack into planes, get a hertz rental—And then put on their masks to load up on a $1,000.00 heart attack❤️dinner at Ruth Chris?
Thank you for making America Great Again President Trump! 😭 😭 😭
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Source: MSNBC - 🏆 469. / 51 Read more »
Source: trtworld - 🏆 101. / 63 Read more »