Credit card data and other economic markers (Open Table reservations) during late February and early March demonstrated that Americans pressed "pause" on the economy well before states initiated shut downs and restrictions—demonstrating that a solid percentage of Americans understand the dangers of a global pandemic.When several states (notably Texas, Arizona, and Florida) reopened early (in …
UNTIL WE CRUSH COVID19, OUR ECONOMY IS DEAD IN THE WATER.
Coronavirus Is Killing Our Economy Because It Was Already Sick HIGH EARNING HOUSEHOLDS AREN'T SPENDING: "New research from the economists Michael Stepner, Raj Chetty, Nathaniel Hendren, and John Friedman suggests that — thanks to government aid — low-income Americans’ personal spending is almost back to its prerecession level. But among high-earning households, consumption remains severely …
Continue reading "UNTIL WE CRUSH COVID19, OUR ECONOMY IS DEAD IN THE WATER."
A TOUGH BALANCING ACT
How many deaths are we willing to accept to restart the economy? The University of Pennsylvania's Wharton Business School takes a look at a number of different scenarios, from a full reopening today to a full, continued lockdown until June 30th.Reopening the Economy Would Add 233,000 Deaths by July but Save Millions of Jobs - …
REOPENING THE ECONOMY: The good news and the bad news. MOSTLY BAD NEWS.
Let's start with the bad news...where the bad news started. Wuhan, China. Long story short—nothing has returned to normal in Wuhan. Not even close. So why are we rushing toward the same abysmal economic result, when we haven't come close to achieving the same health result as Wuhan? We're trying to empty a bathtub with …
Continue reading "REOPENING THE ECONOMY: The good news and the bad news. MOSTLY BAD NEWS."
COVID19 — THE TRUTH through vetted science, expert opinion and objective analysis 