Big #COVID19 head scratcher of the day: the health of our economy and why it continues to "rip". We& #39;ve all seen the slow pace of R&D, lack of testing, unemployment numbers skyrocketing, and shops boarded up and closed. So why in all hell is the market up? (1/4)
I& #39;m not a proponent of opening the country back up at all. If Econ-101 taught me anything, it& #39;s that the economy won& #39;t be fixed unless people can go to work and can feel safe being consumers again. So, with no signs of the our country reopening, where is the disconnect? (2/4)
Think about it. We are running into global supply chain issues, and even if people go back to work to help alleviate the pressure, it is likely that there will be major inflation. In addition, people& #39;s spending power is severely hampered and will remain strained for months. (3/4)