Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DallasNE

(7,392 posts)
10. Supply vs Demand
Thu Jul 9, 2020, 02:53 PM
Jul 2020

Republicans seem to think that demand will expand and consume all available supply. That is pure nonsense. Expanding supply without demand pushing that expansion will just result in inventory build-up and that will quickly result in cut-backs and lay-offs. That is the way it has always worked. Talk won't change that in any material way.

On the jobs front, at the peak of the Great Recession the initial claims never exceeded 750,000 in a week. We now have something like 16 straight weeks with over 1,000,000 initial claims. Based on projections using this data it is now estimated that the unemployment rate will remain about 10% through the end of the year. I would not argue with these projections. It will require more stimulus to get things coming back, probably not once but twice. Once now and again after CV-19 is brought under control and that means following a vaccine is deployed.

Latest Discussions»Latest Breaking News»U.S. weekly jobless claim...»Reply #10