Money For the Rest of Us
Money For the Rest of Us
J. David Stein
Why the Stock Market and Economy Are Rebounding So Quickly
22 minutes Posted Aug 19, 2020 at 9:00 am.
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22:30
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Show notes

How the current global recession differs from the Great Financial Crisis and why the recession is probably over.

Topics covered include:

  • Why the current recession has no debt and banking crisis
  • Why lower-income workers are disproportionally harmed by the current recession
  • How the federal government and central bank responses differed between the current recession and the 2008-09 recession.
  • Do increased unemployment benefits disincentivize workers
  • Why the recession is probably over, but it could take months or years to recover the lost output
  • What factors will determine the impact a Covid-19 vaccine will have on the economy


Thanks to Chili and Trends for sponsoring the episode.

For show notes and more information on this episode click here.