Becker Friedman Institute at the University of Chicago estimates 40% of losses will be permanent – Marketplace

“Our best guess is something like 60% of the employment reduction is going to be temporary, and 40% is going to be permanent.” “The COVID recession does not look like a normal recession. t’s part natural disaster and it’s part war. So the other good analogy is Pearl Harbor...."
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chumpchange
6 years ago

Let’s be clear. China virus and its response are both man-made disasters. The size of the disasters depends on the character and ability of those in leadership positions in our society.

Bill
6 years ago
Reply to  chumpchange

It takes a really big man to make really a big mess and that is exactly what the voters got when they ignorantly voted for J Beluga Pritzker.

Bill
6 years ago

“The COVID recession does not look like a normal recession,” he said. “It’s part natural disaster and it’s part war.”

Well, he certainly got that one at least half-right. It’s a war alright; a war against small business. the American people and the U.S. Constitution. As far as the “natural” part, I’m not at all convinced of that at all.

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