Welcome to the Groundhog Day Economy (PS, It Sucks) - The Breakdown Weekly Recap
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!