James Altucher: How Will The Economy Recover?

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James Altucher discusses what type of economic recovery we can expect to see as the coronavirus calms down. How long will it take? What will bounce back first and what will take much longer? There's a lot we don't know.

The current crisis has hit the economy worse than 9/11 and the 2008 crash. James sees the recovery as more of a "W" shape. The airline industry has been leveled. Many small businesses are closing their doors permanently.

Supply and demand shock has hit. People aren't buying and supply is dropping as businesses shut down because they have nobody to sell to.

The recent stimulus really hasn't had an effect yet because the money isn't being spent. People are saving. So we really can't expect a recovery to begin until 2021.

We will recover. People will spend money again and our lives will normalize.

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