Quote:
Originally Posted by sinopath
Interesting, I've been always given the impression that the stock market is the indicator of US economy, like the way President Trump always brags about how good the economy is using indices. So I really thought the end of March is the bottom, and US economy is coming back. This kind of matches the reality too, as the peak has past, more cars are on the road, restrictions are being lifted, people care less and less about social-distancing, etc.
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I think he’s just trying to reduce the mass panic covid is inducing, but I’m just hypothesizing.
However, unemployment is ridiculously high, and jobs wont be hiring soon after Covid. It’ll take time to rehire and therefore, get paid.