Never Before Has So Much Stimulus Been Injected In The Economy In A Single Quarter
July 21st, 2020Via: ZeroHedge:
Pandemic-Driven Recession Is Not Over
Back-to-back strong monthly gains in retail sales in May and June and a powerful rebound in the equity markets in Q2 create the impression the recession is over. But the recessionary environment is only delayed, hidden by the record amount of fiscal and monetary stimulus that has postponed layoffs, spending cutbacks, bankruptcies, and business failures and operating losses.
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