This is an important note and suggests the economy is dependent on the course of the pandemic.
Expectations.
Calculated Risk
Merrill: "Most of the slowdown occurred due to voluntary social distancing rather than lockdown policies"
Bill McBride
Merrill: "Most of the slowdown occurred due to voluntary social distancing rather than lockdown policies"
Bill McBride
May 19 Update: US COVID-19 Test Results
Yes, the virus is responsible for putting 30 million Americans out of work.
ReplyDeleteIts not like the people in Sweden were ignorant of what was happening in most other nations...
ReplyDeleteProper comparison would look at a nation that was fully ignorant of what was going on in the external nations...
Unfortunately the Ferguson strain of the virus held a press conference, and scared much of the western word shitless.
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