3 ms·
Consumer confidence, unemployment rate and economy strength are all lagging indicators. People need to be working, shopping, socialising and the media reports
by threeseed 7y ago
Consumer confidence, unemployment rate and economy strength are all lagging indicators.
People need to be working, shopping, socialising and the media reports of death and despair completely over before everyone is going to feel happy about the world. If we ended COVID-19 today it would take months for the negative effects to wear off. Just look at what happened after 9-11.
There is a reason that the same right-wing commentators and Trump were so aggressively pushing the "get back to work" easter timeframe and are still talking mostly about jumpstarting the economy. Politics doesn't stop just because of COVID-19.