What Will Happen To American Economy

Elon musk predicted that the chinese economy will surpass the united states at least two fold.

What will happen to american economy. The boom in us production has made america the largest oil producer in the world and radically changed the economics from when it was a net consumer. To respond to this kind of uncertainty you must be mobile. Make sure your job skills are transferable. Keep your assets liquid so you can shift them as needed.

The first cases were reported there on dec. It also means this latest oil price plunge. The two nations already are the world s two largest economies although the u s. Panicked investors withdrew billions from money market accounts where businesses keep cash to fund day to day operations.

Most recently the u s. Update your passport in case things get so bad for so long that you need to move quickly to another country. The economic fallout from the coronavirus could rattle china s economy further and dampen global growth. On wall street bulls still hold out hope that the worst can pass quickly and point to the encouraging developments in china.

Whatever the real may jobless numbers turn out to be the us economy in february entered a recession ending an economic expansion that started in june 2009 the national bureau of economic. If withdrawals had gone on for even a week and if the fed and the u s. A dollar collapse would create global economic turmoil. Economy has been dealt a powerful setback.

Economy almost collapsed on september 16 2008 that s the day the reserve primary fund broke the buck the value of the fund s holdings dropped below 1 per share.