Stocks to Buy for the Coronavirus Depression — Market Mad House

Investors and everybody else need to be afraid because America is in a depression because of coronavirus.

America’s gross domestic product (GDP) collapsed in 2nd Quarter 2020 wiping out five years of economic growth, The New York Times observes. In detail, US GDP fell by 32.9% in the second quarter, Newsweek reports.

“For the first time in seven decades the U.S. economy contracted by double digits,” Josh Lipsky tells Newsweek. “The American economy has never had to climb out of such a deep hole and it will be impossible to do so without immediate help.”

Lipsky is the director of the Atlantic Council’s global business and economics program.

“To put it simply, it could take years of historically fast GDP growth just to return the economy to the pre-COVID-19 status quo,” Josh Bivens tells Newsweek. Bevins is the Economic Policy Institute’s Director of Research.

Overall, the United States economy will fall by 8% by the end of 2020, the International Monetary Fund estimates. Thus, I predict economic collapse will continue through 2020.

The Coronavirus Pandemic will continue

Furthermore, America’s coronavirus pandemic and the coronavirus depression could continue through 2021.

Ezekiel (Zeke) Emanuel thinks America will not be able resume normal business until November 2021 Knowledge at Penn reports. To…