Matthew Yglesias

@mattyglesias ↗

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Last Checked May 21, 2020

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Fri May 08 12:58:19 +0000 2020

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Matthew Yglesias @mattyglesias

Demand for restaurants, travel, hotels, etc is still going to stay at a somewhat depressed level so not everyone gets rehired. State/local revenue is still way down so you new job losses there. Then all those newly unemployed people need to spend less so others lose income. — PolitiTweet.org

Posted May 8, 2020 Hibernated

Preceded By

Matthew Yglesias @mattyglesias

I don’t think you should let the allegedly temporary nature of these layoffs give you false hope about a rapid bounceback unless we see a big new policy response. Consider an optimistic scenario: Every state fully reopens by June 1, and caseloads don’t spike — no new lockdowns. — PolitiTweet.org

Posted May 8, 2020 Hibernated

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Matthew Yglesias @mattyglesias

If it was just America, the dollar would drop and net exports would benefit but it’s not just America. If interest rates were high, they would fall and boost domestic investment but they’re already at zero. Even with excellent virus luck, Uncle Sam needs to spend spend spend. — PolitiTweet.org

Posted May 8, 2020 Hibernated