When Will the Economy Reopen? Jim Cramer Shares His Ideas
The U.S. economy has been shut down due to the coronavirus pandemic.
There are over 2.07 million cases of the coronavirus worldwide, and there have been over 138,000 fatalities.
639,000 of those cases are in the U.S., 182,000 cases are in Spain and Italy has over 165,000 cases, according to data from Johns Hopkins.
According to the New York State Department of Health’s website, there are over 213,000 cases of the virus in the state, meaning that it has a higher case count than Italy or Spain.
So, with the economy shut down, and still no vaccine in sight, short-term, what is it going to take to get it to reopen?
Well, Jim Cramer suggested on Mad Money that the economy could open gradually.
"Cramer advocated reopening the economy slowly, on a state-by-state basis. Some businesses, like doctors and dentists, should be allowed to reopen now, he said. Doctors and dentists already wear masks and know how to take precautions. Contractors are another group that wears masks and operate in small groups. They, too, should be allowed to operate," wrote TheStreet's Scott Rutt.
Watch the full video above for more from Cramer.
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