Turning the re-opening rationale on its head.

[berg80]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

 

[berg80]

1.5 Million Jobless Claims Filed Last Week

WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some…

talkingpointsmemo.com

 

[White 6]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

Stock market is the darling of the riche and the right. Most everybody else has to work in the underlying economy and take their chances, they won't pick up coronavirus and take home with them and at same time infect parents and grand parents.

 

[Bootney Lee Farnsworth]

Is this the premise of this thread and the underlying article:
re-engaging in econonic activity, after FORCIBLY NOT engaging in economic activity, does not increase economic activity.

That's like saying: having sex, after NOT having sex for awhile, does not increase having sex.

Genius.

.

 

[Indeependent]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

I know a lot of small business owners and they use Amazon to make money.
Of course you're too stupid to realize how stupid you are.

 

[Papageorgio]

The nature of our business is that we have none and we are getting bookings for October, no money coming in until then.

 

[berg80]

The economy is snapping back but still has a long way to go, alternative data shows

Many economists these days are looking deeper than the usual suspects of macro data.

www.cnbc.com

 

[night_son]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

Is it fair to say we can reduce this "fraction" to "Orange Man evil?"

 

[Blues Man]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

I know many self employed and small businesses that received PPP loans.

The forgiveness requirements were recently changed so that forgiveness of the loans is even easier to qualify for

 

[Toddsterpatriot]

"The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes."

A new paper finds stimulus checks, small business aid, and "reopening" can’t rescue the economy

Real-time data on how the economy responded to Covid-19 suggests the problem is the disease itself.

www.vox.com

Optimism surrounding re-opening certainly helped the stock market rebound. Just not the real economy underlying it.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more,

But it spurs less than high-income people to spend more, so that's something.