Jun
18

Recovery Rate

We are currently digging out of an economic recession and a suppression of economic activity resulting from government mandated Sheltering-in-Place. With suppression ending, the first part of the recovery, the most powerful part, is now occurring. But weakened corporate and personal balance sheets, rising bankruptcies, higher savings rates, and massive worker dislocation will make the second part of the recovery slower and weaker. A check mark recovery remains most likely.

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