Many economists and financial analysts who predicted a Great Depression-sized recession with a drop in the gross domestic product of more than 30% ( Morgan Stanley , Goldman Sachs , Deutsche Bank ) are pleasantly surprised — and a little confused — with the strong jobs, retail, and stock market numbers reported in June.
While there are still plenty of economists who feel that the worst is yet to come, it does seem like the federal government’s CARES Act had the effect lawmakers hoped for. This was an unprecedented rescue package with a price tag of $2 trillion that included […]
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