you guys are way jumping the gun thinking 2020 a recession will happen. don’t you think Mr. Donald is going to do everything possible to save his 2nd term. What do you think it would take to do that? Get people to spend even if they aren’t credit worthy..And banks at this point need people who they can make more money off of. What better way than to invite the typical american consumer back into the game by giving them easy access to credit?
The other thing is..is this Europe travel ban really about the virus? or is it just a convenient excuse to get something back from the EU, like an attempt to strongarm countries like France and Germany into more favorable trade concessions? After all, why go out of the way to exempt the UK, when they have their own virus problems too if this really was only about the virus. And we know that Donald always appears to have an ax to grind with the EU. It’s a definitive easier to sell to the American public (we need to do this for public health safety reasons) than saying we need to get into a trade war again, now with the EU. Remember during the conference yesterday, Donald initially also included not only people but also goods/cargo from EU….something later.thst he retracted…I don’t call that an accidental slip. It seems more like a warning shot.
