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I believe that assumes unemployed go back to pre-pandemic levels of earning after reopening. More likely IMHO is those that lost jobs will either continue to be unemployed or be underemployed for the recovery, so that money won't immediately flow back into econ.
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An ~~extra~~ $600 a week in unemployment money is extremely stimulative. That's $2,400 a month, or double the federal stimulus check. I said it before Blankfein, too -- check the logs!

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People who scream fake news about virus gobble it up about economy. It’s silly. Unemployment numbers being inflated by temporary furloughs. Know that firsthand. My family is not rich but net worth up 8% since last June. We will come roaring back.
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Definitely saving $. One retired one working from home. No vacations/traveling (airfare/gas.) Buying groceries not gong out to dine. Puzzles are cheaper than green fees
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Yes, unemployment insurance payments listed in blue and payments to individuals (stimulus) in red
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Are landlords just gonna forgive the 2-4 months of rent/mortgages? Doubtful.
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As long as we open again soon and I keep my job I’ll be good. I saved $1k per month on childcare costs although the stress may have cost me a few years at the end of my life
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