Well, if you’re reading this, congratulations…
Not only have you been able to survive the ravages of the raging COVID-19 pandemic but you’ve survived one of the most trying economic times our economy has ever seen.
Nobody can have contingencies set for a 3-6 month shut down…
But we’re getting through it – and some of us have been able to make a profit while doing do.
With more than 14% of the American population out of work – there has been some dark talk about the future of not only our country – but of the entire world.
However, as dark as that talk is…
Things may not be as bleak as they appear as the path back to our humming economy may not be as long and dangerous as some of the experts have professed it will be.
There’s a path…
And you don’t even need to look that hard to find it.
Now…
The Gorilla totally understands that things have been rough.
With a record 20 million Americans losing their jobs in a month, unemployment EXPLODED to 14.7% rivaling the highs of yesteryear…
Including the unemployment rates of the Great Depression.
In fact, the Great Recession after the crash of 2008 looks tame by comparison – however – we can take solace in the fact that this wasn’t the effect of a weak economy…
It was a pandemic that NOBODY could have been prepared for so we’re already starting off on the right foot.
However…
What will the shape of our recovery be?
Analysts have already created models that ranges from the most optimistic Z-shaped recovery – where the economy suffers a downturn during the pandemic and then bounces back up ABOVE where we would have been due to temporary boom created by Americans ready to get back to normal spending habits…
To the most pessimistic L-shaped recovery – lost profits, a permanent change to fiscal policy and pullback in productivity affect the GDP forever – putting us on a lower trajectory.
It’s a conundrum…
However, if there is one thing that the experts agree upon that would definitely have an effect on the shape of our recovery – comes down to one word: patience.
Now…
What does that mean?
Well, if we want to the best economic outcome there seems to be ONE clear path – and that’s where the ONLY businesses that are truly affected going forward are the ones that have most problems with social distancing.
If those are the only businesses that affect our GDP we probably have a pretty good chance of coming out of this on the more optimistic side of things.
The worst case scenario?
One where we move forward too quickly and fall right into a depressed economy because the virus doesn’t go away and people keep being put out of work and we see less and less money put back into the economy.
So how do we move forward?
Well, Melinda Gates may have a good idea on how to proceed – and while she may not be an economic expert – she does have a lot of experience with wealth and how to build it.
“I think we need to go very, very slowly with reopening this economy. We should be talking about what’s safe, and what is the most safe for families. We successfully kept certain parts of our economy open; our health care system, grocery stores and pharmacies. What are the next safe places? How and where might you start to open things up?”
She’s right, what have been the positives so far and how can we build upon them.
We can figure that our, right?
She continued, “It’s important to reopen, slowly, where you can, because we don’t want to have so many people unemployed. We don’t want to have kids going hungry. We don’t want families struggling to put a meal on the table. But we can’t do it in terms of, ‘Hey, you know, we’re gonna just quickly reopen this place because it’s important for the economy.’ No, it’s important to keep the American people first and foremost, safe. And it’s a balance, and we have to talk about that balance.”
And she’s absolutely right.
We can’t just open the floodgates…
We have to be careful – and it seems like the more careful we are with the one – the quicker our turnaround will be.
It’s almost counterintuitive…
Either way, as long we move forward with some caution – it looks like we can come out of this BETTER on the other side.
The good news is, even during volatile times like we’re seeing right now – GorillaTrades was STILL able to churn out recommendations…
It’s due to the trading system – volatility often isn’t a problem – as our recommendations have to meet a certain criteria before we put them out.
We’d love to have you with us for our next batch…
But we understand if it’s not your thing – either way – do yourself a favor and hope our governments open us up the correct way.
It could mean the different between ending 2020 on a high note…
And not!
“Great works are performed not by strength but by perseverance.” – Samuel Johnson