A rush to open the economy could cause a second wave of infections, even as the Corona curve is flattening and possibly rolling over.
Until a therapeutic is developed, and there are promising drugs on the horizon, there is no need to rush the economy back into action.
The Fed's announcement came this morning as the three-week total of initial jobless claims topped 16 million. That would be the very policy mistake that takes the excellent work of the U.S. Treasury, the Fed and Congress and throws it out the window.While true that Italy and Spain are seeing a slight reprieve in the number of infections and deaths, and New York is following a similar pattern, the respite may only be temporary.A rush back to work and play could, at least at this juncture, cause a second wave of infections, even as the Corona curve is flattening and possibly rolling over … for now.
Having discussed infectious diseases with Gates, over the course of my career, his is the voice I trust the most, even above those whose jobs in government are to track and treat diseases of all stripes. I am not an epidemiologist, nor am I an infectious disease expert, however, the Fed is offering us, almost quite literally for free, the ability to weather this biologic storm without having to risk our health, or our lives, in a drive to return to normal.While it's tempting to pretend that all is normal, it remains too risky to return to a life we knew weeks ago.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Op-Ed: Corporate leadership means putting lives firstHealth experts should be driving the timeline while corporate America and government work together to get the economy through this pandemic.
Read more »
AT&T Taps Former RNC Chairman Ed Gillespie to Lead Lobbying EffortsAT&T has hired Ed Gillespie, the former chairman of the Republican National Committee and an aide to President George W. Bush, to serve as senior executive vp for external and legislative affairs
Read more »
Op-Ed: Remember PG&E's planned wildfire blackouts in October? They cost California millions, and the benefits don't add upA new Manhattan Institute analysis of PG&E's massive October 2019 power blackouts shows that costs far outweighed the benefits of reduced wildfire risk.
Read more »
Jamie Dimon Warns 'A Bad Recession' Is ComingIn a letter to shareholders, JPMorgan Chase CEO Jamie Dimon said the U.S. is facing 'a bad recession,' combined with the kind of financial stress not seen since the global financial crisis of 2008.
Read more »
Op-Ed: Remember PG&E's planned wildfire blackouts in October? They cost California millions, and the benefits don't add upA new Manhattan Institute analysis of PG&E's massive October 2019 power blackouts shows that costs far outweighed the benefits of reduced wildfire risk.
Read more »