As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.
This is a movie we’ve seen before:
- Rise in what could have been preventable COVID-19 cases
- A call for shutdowns (plus voluntary closures)
- Rampant politicization of health and economic issues rather than common sense approaches
- Persistent jobless claims plus new layoffs
- Wall Street nerves turning into new Federal Reserve and Treasury action
Rinse, repeat, economy!
The Breakdown