Why the Stock Market and Economy Are Rebounding So Quickly
How the current global recession differs from the Great Financial Crisis and why the recession is probably over. Topics covered include:Why the current recession has no debt and banking crisisWhy lower-income workers are disproportionally harmed by the current recessionHow the federal government and central bank responses differed between the current recession and the 2008-09 recession.Do increased unemployment benefits disincentivize workersWhy the recession is probably over, but it could take months or years to recover the lost outputWhat factors will determine the impact a Covid-19 vaccine will have on the economy Thanks to Chili and Trends for sponsoring the episode. For show notes and more information on this episode click here.