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Fisher: COVID-19 Recovery, the Fed’s Response and the Future of Globalization

From dallasfed.org

The obvious big challenge is that when you shut things down, you eliminate jobs, and when you eliminate jobs, you eliminate consumption, and when you eliminate consumption, that means bad news for restaurants, bars, retailers, etc. The real difficulty here has been to figure out what the trade-offs are because you want to deal with the fear and the threat of a virus that can kill people. At the same time, when you take people’s jobs away, you shut them out or shut them in. You have a rise in pernicious effects on mental health, abuse, opioid addiction and so on. So, figuring out this trade-off has been a difficult ... (full story)

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  • Category: Fundamental Analysis