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Tuesday, May 19, 2020

Merrill: "Most of the slowdown occurred due to voluntary social distancing rather than lockdown policies" — Bill McBride

This is an important note and suggests the economy is dependent on the course of the pandemic.
Expectations.


Related at CR

May 19 Update: US COVID-19 Test Results

3 comments:

  1. Yes, the virus is responsible for putting 30 million Americans out of work.

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  2. Its not like the people in Sweden were ignorant of what was happening in most other nations...

    Proper comparison would look at a nation that was fully ignorant of what was going on in the external nations...


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  3. Unfortunately the Ferguson strain of the virus held a press conference, and scared much of the western word shitless.

    ReplyDelete