{"id":15485,"date":"2020-03-24T12:17:22","date_gmt":"2020-03-24T17:17:22","guid":{"rendered":"https:\/\/theamericangenius.com\/housing\/?p=15485"},"modified":"2020-03-24T12:17:22","modified_gmt":"2020-03-24T17:17:22","slug":"federal-reserve-chair-says-its-not-a-recession-its-an-investment-in-our-future","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/big-data\/federal-reserve-chair-says-its-not-a-recession-its-an-investment-in-our-future\/","title":{"rendered":"Federal Reserve Chair says it’s not a recession, it’s an investment in our future"},"content":{"rendered":"

2020, it seems, is the year of rebranding\u2014even when it comes to our impromptu recession brought on by a variety of factors (but largely thanks to COVID-19). Despite the negative connotations of widespread economic disaster, some people, such as St. Louis Federal Reserve President James Bullard<\/a>, are regarding this instance as \u201can investment in U.S. public health.\u201d<\/p>\n

Should we all be so optimistic? Bullard seems to think so.<\/p>\n

To be fair, James Bullard\u2019s \u201coptimism\u201d also accounts for taking a \u201c$2.5 trillion hit\u201d to the economy, so it\u2019s not all sunshine and dancing unicorns (this time). However, the long-term outcome of handling this crisis correctly\u2014a process which involves bailing out small businesses, matching wages, and contributing to rebuilding and supporting our healthcare infrastructure\u2014will be, according to Bullard, positive.<\/p>\n

Bullard\u2019s optimism does come with an important message: As with pretty much anything, the simpler we can keep solutions to this problem, the better the outcome will be. We\u2019re not off to a great start; between states\u2019 varying responses<\/a> to COVID-19 procedures and mixed congressional support for a stimulus package, the process of dealing with economic fallout has become more complicated than some\u2014Bullard included\u2014would consider \u201cideal\u201d.<\/p>\n

Unfortunately, there isn\u2019t really an \u201cideal\u201d outcome here that is also practical without requiring a heretofore unseen level of cooperation and cohesion between political parties and state-based cultures. In the event that we can actually pull together and actively invest, as Bullard suggests, in our infrastructure, the implications for our economy will ultimately be positive\u2014even if only in a pyrrhic victory kind of way.<\/p>\n

In unprecedented times of crisis\u2014you know, like right now\u2014a little bit of optimism doesn\u2019t hurt. Over the course of the next few months, you\u2019ll hear all sorts of different takes on the situation; some people\u2014those who identify as \u201crealists\u201d but really just enjoy bumming people out\u2014will actively speak out against positive attitudes, while others will avoid \u201cgetting their hopes up\u201d because they don\u2019t want to be disappointed.<\/p>\n

But, if Bullard\u2019s optimism is to be believed\u2014and we\u2019re choosing to think it is\u2014you have full permission to let yourself hope, at least for now.<\/p>\n

Remember, there are a couple of things you can do to bolster your immune system without medicine during this time. One of them involves keeping a positive outlook, and the other one is eating plenty of garlic; we\u2019ve found that one accompanies the other.<\/p>\n","protected":false},"excerpt":{"rendered":"

(NEWS) James Bullard of the Federal Reserve believes optimism is the key to getting through this hard time with so many things in flux. Is he right?<\/p>\n","protected":false},"author":337375,"featured_media":15490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[91],"tags":[1927,1474,109,1234],"class_list":["post-15485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-data","tag-covid-19","tag-optimism","tag-real-estate-marketing-2","tag-real-estate-news"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2020\/03\/board-1647323_1280-1.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/15485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337375"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=15485"}],"version-history":[{"count":6,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/15485\/revisions"}],"predecessor-version":[{"id":15494,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/15485\/revisions\/15494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/15490"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=15485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=15485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=15485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}