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Absent more gov't/fed intervention July and August should be an economic catastrophe: - covid cases spiking - Extra $600/week unemployment ends July 31 - PPP 2.5 months salaries will have been all paid out by end of July - 2 quarters of estimated taxes and 2019's due July 15
Fwiw, most peoples' unemployment (the regular payment, not including the $600/week) will run out in October. If we think protests are bad now, let's see August.
I'm confused by the idea that our economy is going to bounce right back. Multiple industries are on life support. Will take a long time to recover. - Anything in an arena - Cruise - Air - Hotel (airbnb doing okay) - Restaurant - Retail More I'm not thinking of I'm sure...
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