4 ms·
I'm keeping an eye on initial jobless claims and BLS unemployment statistics. I'm concerned that it's a cascading effort as fewer workers means less spending me
by eel 6y ago
I'm keeping an eye on initial jobless claims and BLS unemployment statistics. I'm concerned that it's a cascading effort as fewer workers means less spending means less earnings means fewer workers and the cycle continues. Obviously the government has levers to try to ease the pain (lower interest rates, pass stimulus bills), but it's not yet clear how sufficient these levers will be.
- mrleinad 6y agoYeah, that's a recession. But we'll probably see a lot of helicopter money going forward, and some sort of global New Deal in many countries after the virus is gone.