I know many of you are wondering what happens if Joe Biden wins the 2020 presidential election? What happens if Donald Trump wins?
members). The two charts below show economic activity and consumer sentiment appear to be rolling over.In aggregate terms, COVID-19 will likely have a sustained impact on the domestic economy—in reduced production and profitability—for several years, and in some industries, forever.Several key labor-intensive industries—education, lodging, entertainment , restaurant, travel, retail, nonresidential real estate, etc.—face an existential threat to their core.
It is not a pretty picture. Government programs and safety nets can help, but they don’t magically produce GDP and jobs.
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