Tag: stimulus
In the pandemic’s early days, the unraveling of economic life was breathtaking. Some 3.3 million Americans filed for jobless benefits in the second week of March 2020. A record 6.6 million joined them the following week. By April, government checks were starting to land in workers’ bank accounts, bringing the urgent relief Congress intended. T…
Before I say anything, let me be clear about my view of the world. At the end of 2019, according to the Federal Reserve, households held $127 trillion in assets and $16 trillion in debt, for a net worth of $111 trillion. Of course, that amount has been substantially cut by the collapse of financia…
