Economic Downturn: Difference between revisions
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{{Hint|A detailed study of 4000 people indicates about 50% downturn in overall consumer spending over March - [https://www.nber.org/papers/w26949.pdf]. There is an inconsistency between this and the reported 8.7 decrease in spending reported in mainstream media [https://www.thebalance.com/u-s-retail-sales-statistics-and-trends-3305717]. How to reconcile these two?}} | |||
=May 2020= | =May 2020= | ||
*4.8% quarter drop - [https://www.statista.com/chart/18839/quarterly-real-gdp-growth-in-the-united-states/] | *4.8% quarter drop - [https://www.statista.com/chart/18839/quarterly-real-gdp-growth-in-the-united-states/] | ||
Revision as of 15:38, 4 May 2020
Hint: A detailed study of 4000 people indicates about 50% downturn in overall consumer spending over March - [1]. There is an inconsistency between this and the reported 8.7 decrease in spending reported in mainstream media [2]. How to reconcile these two?
May 2020
- 4.8% quarter drop - [3]
- Dow Jones Industrial Average down by 20%? [4]. OK, but this doesn't mean much in sales.
April 2020
- 25% down on the S&P 500, which is apparently faster than Great Depression - [5]
- 7.5 decrease in consumer spending
March 2020
- It's 9% drop. [6]
- This one shows 50% drop USA:
This one shows 9% drop USA:
https://www.cnbc.com/2020/04/15/us-retail-sales-march-2020.html
How do we reconcile both?