by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, Sept. 30, 2020
October 2, 2020
As this year’s economic crisis has developed, the U.S.-centered corporatocracy has desperately been trying to maintain the illusion of growth, or at the least the illusion that the current contraction is sure to end and things will return to normal. But as unemployment claims in the U.S. have continued to rise, and factors like the cold war with China have thrown the NATO countries into further economic chaos, it’s become clear that the stock market has been overly optimistic about a coming recovery. Market Watch wrote last month that “The rebound will be much more gradual than the V-shaped pattern investors are betting on.”