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Yo_Mama_Been_Loggin

(108,170 posts) Fri Jun 26, 2020, 02:31 PM Jun 2020

States that rushed to reopen are now feeling economic pain

In mid-May, Arizona Gov. Doug Ducey ended the state's stay-at-home order and proclaimed the state ready for "the next stage of economic recovery." Little more than a month later, that recovery is under serious strain as local coronavirus cases spike, causing some reopened businesses to close again and consumers to retreat homeward.

States now seeing explosive growth in coronavirus cases are also taking an economic hit, with indicators such as restaurant bookings, consumer spending and small business activity pointing to a slowdown, according to Deutsche Bank economists.

Those states include Arizona, South Carolina and Texas, all of which pushed to reopen their economies quickly. Texas, which had one of the shortest stay-at-home orders in the country, on Thursday announced a halt to its reopening plan, citing the surge in COVID-19 cases.

"More people are staying home as cases soar, and small firms are shedding jobs," economist Ian Shepherdson of Pantheon Macroeconomics told investors in a note.

https://www.msn.com/en-us/money/markets/states-that-rushed-to-reopen-are-now-feeling-economic-pain/ar-BB15YJSM?li=BBnbfcN&ocid=DELLDHP

6 replies

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States that rushed to reopen are now feeling economic pain (Original Post) Yo_Mama_Been_Loggin Jun 2020 OP

K&R, Sweden's herd immunity experiment has gone to shit quick and foretold lower NPI doesn't help... uponit7771 Jun 2020 #1

Gov. Ducey: Time to wrm up the Repub mantra! Dale Neiburg Jun 2020 #2

And to think, Wellstone ruled Jun 2020 #3

Blame trump. louis-t Jun 2020 #4

As the radio commentator put it just a few minutes ago, Igel Jun 2020 #5

Who da thunk it? Solly Mack Jun 2020 #6

uponit7771

(90,359 posts)

1. K&R, Sweden's herd immunity experiment has gone to shit quick and foretold lower NPI doesn't help...

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 02:32 PM

Jun 2020

... economies.

Dale Neiburg

(698 posts)

2. Gov. Ducey: Time to wrm up the Repub mantra!

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 02:43 PM

Jun 2020

"No one could possibly have predicted...."

Wellstone ruled

(34,661 posts)

3. And to think,

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 03:15 PM

Jun 2020

we get thousands of Arizonian folks here in Vegas daily.

louis-t

(23,297 posts)

4. Blame trump.

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 03:59 PM

Jun 2020

He was the one saying it's a "hoax". He was the one saying 'liberate!' He was the the one saying it's "going away". Total lack of leadership. He's catering to the spoiled children who don't want to be inconvenienced by having to wear a mask, just so he can get a little applause. One look at the video of the anti-maskers testifying explains it all.

Igel

(35,350 posts)

5. As the radio commentator put it just a few minutes ago,

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 07:54 PM

Jun 2020

Texas has some severe rollbacks in its opening.

Why, some areas are back to where they were last Thursday. The pain, the pain.

And after the incredible rollback and incredible economic devastation, those areas are still more open than NYC.

That context is part of the story. But it's not sensationalist and ego-stroking enough with the context, so it's omitted--remember where the reporters are steered from.

Solly Mack

(90,780 posts)

6. Who da thunk it?

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jun 26, 2020, 07:58 PM

Jun 2020

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