1. In the united States there is the belief that the president will tap an economic recession, you lose your re-election. The most recent case was in 1980, when Jimmy Carter (1924), a democrat, who was defeated by the republican Ronald Reagan (1911-2004). It is what has concerned the group of advisors of Trump.
2. The committee of experts ruled that the economy entered into a recession since February. And the Federal Reserve (FED) –central bank– american confirmed to present their projections until 2022. Estimated a fall in GDP will be 6.5 percent for this year 2020, and does not expect changes in interest rates until at least 2022. There is another threat: the collapse of the dollar.
3. The Great Depression of October 1929, the effects on the economy, society and politics, not just in America but worldwide, have in any way shared many similarities with the current crisis, especially in the united States.
4. The president then was republican Herbert Hoover (1874-1964), who handled the situation nearly as Trump handled the crisis of the COVID-19, being close to the November elections of 1932, the democrats managed to take advantage of the situation leading to the presidency, Franklin Delano Roosevelt (1882-1945).
5. On the 11th of June 2020, the Federal Reserve (FED) anticipates a fall of 6.5 per cent in the economy –the largest in the world and the main destination of exports nicaraguans– as well as an increase in the unemployment rate to 9.3 percent for this year.
6. The head of the FED, Jerome Powell, stated that the extension of the economic downturn remains extremely uncertain, and that the decline during the second quarter of 2020 is probably the most severe in the records. The FED remained in a range of 0 to 0.25 percent to its reference interest rate, and expected to leave it at that level until at least 2022.
7. Wall Street slumped more than 6 percent, its largest daily loss since mid-march and dragged the rest of the international stock markets by the fear of a second wave of infection of the coronavirus, and after the gloomy economic outlook presented by the Federal Reserve.
On a related note: Historic drop in the price of oil at the global level by COVID-19
8. The Dow Jones fell 6.9 percent, the Standard & Poor’s (S&P) 500 dropped 5.89 and the Nasdaq fell 5.27 percent and ended a run of three consecutive days of record. The three major indexes recorded their worst day since the 16 of march, when the squares of stock market plummeted due to the containment measures to contain the pandemic. Remember that in the stock market that there is not producing real material wealth, but it does capture the wealth of those who truly believe with their work.
9. One out of every four workers, nearly 45 million in total, has applied for first time unemployment benefits during the pandemic and make queues for hours to receive food. According to a study by the Institute of Political Studies, the wealth of billionaires increased by 19 percent more than at the start of the pandemic; parallel to the serious social deterioration.
10. This situation will gravitate on the election of November 3, 2020, when you can become instrumental in allowing a possible victory of Joe Biden. In front is Trump, losing today in the polls, that will increase your performance conservative to win the vote of the white anglo-saxon protestants and catholics in the united states volatile.
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