> I see a lot of doomsday predictions, but 4 months in, I’m barely seeing any signs of a protracted recession.
Perhaps the trillions of dollars of stimulus money that has been distributed has something to do with it? Or maybe the generous unemployment benefits the federal government has passed out over the past four months to ensure people could pay their bills and purchase things to stimulate the economy?
Without those things we'd be in a completely different scenario. Things may get worse yet, we're not exactly winning the fight against COVID-19 in the US.
And those enhanced unemployment benefits expire next week, so far the Senate and White House are wanting them ‘means tested’, so it looks like they may fall off without renewal.
Perhaps the trillions of dollars of stimulus money that has been distributed has something to do with it? Or maybe the generous unemployment benefits the federal government has passed out over the past four months to ensure people could pay their bills and purchase things to stimulate the economy?
Without those things we'd be in a completely different scenario. Things may get worse yet, we're not exactly winning the fight against COVID-19 in the US.