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:

Peter Pan said...

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

Matt Franko said...

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...


Peter Pan said...

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