Angelo Leogrande-Suggestions for the Covid-19 Economic Crisis

Suggestions for the covid19 economic crisis1. This is a crisis. The main elements of the covid19 economic crisis are: -reduction in Gdp Growth;-Reduction in productivity;-Rising unemployment-Zero interest rates-Low Inflation;-Increasing in saving;-Reduction in consumption;2. This is not a financial crisis:-The financial system and the banking system are not been attached by the crisis. Financial markets and banks have preserved their functionalities. This crisis is a crisis of productivity and consumption. To find some precedents of this crisis it can be useful to analyze the economic crisis during the fordism-taylorism, when reduction in productivity and consumption generated also reduction in GDP growth. 3. How to solve the crisis:-Since the crisis is based on productivity, to solve the crisis is necessary to work more, produce more, and invest more. 4. Pratical suggestions:-If you are rich buy an asset, interest rates are low and the price of assets is declining or at least not increasing;-If you have an idea of business you can have a loan with low interest rates in many cases with governmental insurance;-If you are a student, study more;-If you are an entrepreneur buy new assets and possibly project some Mergers and Acquisitions.In the end social and economic activism can promote a better restoration.Diventa un supporter di questo podcast: https://www.spreaker.com/podcast/commenti-a-il-sole-24-ore--3638007/support.