"When the facts change, I change my mind. What do you do?..." -- John Maynard Keynes As time plods on, my thoughts on the economy grow increasingly dire. The reason is not the drip of horrible data releases - that was to be expected - but the mere fact that time itself makes our predicament more inextricable. It is becoming increasingly clear that the Covid-19 coronavirus exogenous shock is not a one-quarter phenomenon.
Great Depression 2.0?
Great Depression 2.0?
Great Depression 2.0?
"When the facts change, I change my mind. What do you do?..." -- John Maynard Keynes As time plods on, my thoughts on the economy grow increasingly dire. The reason is not the drip of horrible data releases - that was to be expected - but the mere fact that time itself makes our predicament more inextricable. It is becoming increasingly clear that the Covid-19 coronavirus exogenous shock is not a one-quarter phenomenon.