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Welcome to the Groundhog Day Economy (PS, It Sucks) - The Breakdown Weekly Recap

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As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again. 

This is a movie we’ve seen before:

  • Rise in what could have been preventable COVID-19 cases
  • A call for shutdowns (plus voluntary closures)
  • Rampant politicization of health and economic issues rather than common sense approaches
  • Persistent jobless claims plus new layoffs 
  • Wall Street nerves turning into new Federal Reserve and Treasury action

Rinse, repeat, economy!

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