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Ritholtz focuses on the need of more than bailout to rescue America from Covid-19 crisis. The economic crisis created by Covid-19 is unlike any other in modern American history. Thousands are dead, and the economic fallout has been devastating. More people lost their jobs over four weeks in March an...

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Veröffentlicht in:Bloomberg businessweek (Online) 2020-05 (4655), p.40
1. Verfasser: Ritholtz, Barry
Format: Magazinearticle
Sprache:eng
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Zusammenfassung:Ritholtz focuses on the need of more than bailout to rescue America from Covid-19 crisis. The economic crisis created by Covid-19 is unlike any other in modern American history. Thousands are dead, and the economic fallout has been devastating. More people lost their jobs over four weeks in March and April than did so during the entire 2008-09 financial crisis. In fact, since mid-March, all of the employment gains since the last crisis ended have been lost. The 2020 economic rescue has skimmed from the responses to both the Great Depression and the Great Recession. The state should be using RFC-like partnerships to build technological platforms and infrastructure for the future.
ISSN:0007-7135
2162-657X