Market Watch – by Shawn Langlois
‘This could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine. It’s hard for me to see a V-shaped recovery under that scenario.’
That’s Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, painting a rather gloomy picture in a CBS interview on Sunday morning of what lies ahead for the U.S. economy as the country continues to battle the coronavirus pandemic.
Kashkari, while acknowledging the downside of what a prolonged shutdown could mean for the economy, said the U.S., “barring some health-care miracle,” is looking at an 18-month strategy of rolling shutdowns based on what has happened in other countries.
“We could have these waves of flare-ups, controls, flare-ups and controls, until we actually get a therapy or a vaccine,” he said. “We need to find ways of getting the people who are healthy, who are at lower risk, back to work and then providing the assistance to those who are most at risk, who are going to need to be quarantined or isolated for the foreseeable future.”
Looking ahead, Kashkari doesn’t envision a quick rebound for the U.S. economy, which has already suffered more than 16 million job losses in the past three weeks.
“This could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine,” he said. “It’s hard for me to see a V-shaped recovery under that scenario.”
Watch the interview:
Ooh, wiggle that shiny hook a little more, cashncarry.
Somewhere between advertising and extortion will be the motivating selling point to whip the sheeple into a vaccine-begging panic.
I would not be surprised at all if they make mandatory vaccines a part of the fraud stimuluus pkge. Also why is the irs in charge of this scheme?…..instead of the treasury?…… if you take a check then you become party to the fake fraud civid19 scamdemic. Go research taking grants from usgov ans find out there is ALWAYS negative conditions attached.
I see it probably easing up around June. They will give the people a little break, and then come September-October, it will make a reappearance, just around the time the vaccine is developed. Then they will tighten the grip again, and then it will be, “either get the vaccine, or be on mandatory house arrest.” We’ll see how it plays out, but that’s where I think its headed.
Just another “we’re the god elites telling you useless eaters what we’re gonna do in the coming year” crapola, since we are not doing enough to convince these psychos they’re just whistling (Satan’s) dixie… Well, some of us are, but everyone needs to. Down with defeatism!
Agree. All they’re doin’ is telling us their time-frame for this and that.
.