Economic Outlook: The Gathering Storm

On March 31st, I wrote : This is a healthcare crisis, and the economic outlook is based on presumptions about the course of the pandemic. I've been updating my outlook monthly , and turning more and more pessimistic due to the poor US government response to the pandemic. The Federal government's response has not been helpful, and in many ways, it has been counterproductive. The Vice President of the US, Mike Pence, wrote just last week in the WSJ: There Isn't a Coronavirus ‘Second Wave' . The data has already proven Pence wrong. Fortunately, some state and local governments have stepped up to ......(read more)

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