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COVID-19 UPDATE: USA daily cases rise to 22,610 (+2,868, +14.5%) as testing rises +16%. Interest burden of $3.6T stimulus plan –> $24 billion/year or 0.1% of GDP. Yup. It’s almost “free”

May 21, 2020
COVID-19 UPDATE:  USA daily cases rise to 22,610 (+2,868, +14.5%) as testing rises +16%.  Interest burden of $3.6T stimulus plan –> $24 billion/year or 0.1% of GDP.  Yup.  It’s almost “free”

COVID-19 remains a global crisis and we realize that many people need to keep up with COVID-19 developments, particularly since we are moving into the more critical stage ("restart economy"), so feel free to share our commentary to anyone who has interest.


There are widespread signs of a "return to normalcy" from stories of crowds in Indiana to 41% of homes sold in the past 4 weeks seeing bidding wars, to China reporting auto SAAR is back to pre-crisis levels.  Of course, as restrictions, movement increases, and the risk of a wave of new infections is what keeps anyone wary.  The future remains uncertain, and thus, we are not confident in saying a second wave cannot happen -- but the good news, there has yet to be a second wave in re-opened economies, either in Europe (16 nations) or the US (basically all 50 eased to some extent).

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