On the Gross Domestic Products
Per the Bureau of Economic Analysis we took a -33% GDP in the second quarter, putting us at -10% on the year. You may have read that this is the worst quarter on record (1946-present) but I thought a graph was in order. Here's the last 30 years of annual real GDP changes:
Germany, meanwhile, took a -10% in the second quarter, putting them at -3% for the year. Their economy of course only goes back 30 years which is why I used that timespan above, and here's how it looks for them:
This will be a once in a lifetime medical crisis.
It doesn't have to be a once in a lifetime economic crisis.
Do as the Germans do. We already are... kind of, half-heartedly, intermittently. Since it's well known that a pound of prevention is worth sixteen pounds of cure, we're probably going to have to turn the German approach up to 11, but the sooner we get started on that the less likely we'll need one that goes to 12.
Hasta pronto, porque la vida no termina aqui...
America, stop pushing. I know what I'm doing.